How Much Do Quants Really Make?

Often I hear students and people in other industries talk about how quants are all paid extremely well and they wish they could be a quant. I've even seen a person on YouTube argue with myself and other quants about how quants are making $150k+ starting salary (which is unlikely) and how they will eventually be making over a million dollars a year (even more unlikely). This person mentioned they had an MBA and tried quoting random salaries for top positions as starting positions. Quants do make good money but most of us will never make seven figures.

The truth about being a quant like any other job is that the degree only gets you in the door and may help slightly in the future. The real determinate of how much money you'll make is a combination of degree type, years of experience, personality, intelligence, past company reputations, and network contacts. At the end of the day those making seven figures are usually CEOs and Founders and could be in any industry.

If you actually want to know what quants are making in great detail watch the video below. Also below is a table for a quick summary. The lowest salaries from these programs are shockingly low while the highest is only slightly impressive (see tables in the actual video).

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QuantNet.com data which is sourced directly from the quant programs.