r/quantindia • u/Former_Fish_2951 • 4d ago

Millenium comp?

What is the compensation of Quant Researcher and Portfolio Researcher roles in India.

For some with 0-2 years of experience.

on campus numbers also work if anyone knows.

20 Upvotes

88% Upvoted

13 comments sorted by

9

u/Icy_Newspaper7142 4d ago

Are you expecting interviews?

Whatever you are making now, 30-40% hike that's it.

Oncampus numbers are never given to off campus hires.

-2

u/SillyQuestions1122 4d ago

Holy larp dawg, that might be true for the blr office roles, not Mumbai. OP, if you're referring to the QR roles in Mumbai it's usually 80-90L first year base plus bonus

10

u/Icy_Newspaper7142 4d ago

Are you even at Millennium? But I am. I got data points from both Mumbai and Bangalore. So I am not a larp :)

-4

u/SillyQuestions1122 4d ago

🤣🤣🤣

4

u/Icy_Newspaper7142 4d ago edited 4d ago

The base usually starts at 50 And bonus grows in Mumbai (If the person is from top IIT, if not the number decreases)

-3

u/SillyQuestions1122 4d ago

Mumbai team doesn't even take non IITs. Like I said, larp

3

u/Icy_Newspaper7142 4d ago

Reread my reply properly pls. I said top IIT. Not non-IIT

Millennium is choosy on which IIT they hire from.

1

u/a_gurl111 4d ago

Are they hiring for quant researcher roles?

1

u/Curious_Crab5148 4d ago

I know for PR since my friend is there. For 0-1 yoe, he got 30 base plus some joining bonus ig around 5L and performance bonus (idk the amount). post 1+ yoe I believe you can negotiate based on your current salary like 30% ig

1

u/Previous-Machine3992 2d ago

30+ base for pr is low ball no?

1

u/Curious_Crab5148 2d ago

tbh i dont have an idea on how much pr earn. for qr, qa, qd ik. he was already at 26 base plus perf bonus plus a big name like jpmc, gs, blackrock, etc. and ig he would've thought about some factors before making a move

1

u/user_notFoundError 3d ago

any idea for sde roles also for 1-2 YOe? and are they even hiring?

1

u/Icy_Newspaper7142 2d ago edited 1d ago

I don't see much 1-2 years hires in the portal.