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Total Posts: 2
Joined: Mar 2009
Posted: 2011-08-23 10:49
Hi dudes and dudettes,

Can anyone give me a rough estimate of base salary/cash bonus for a quant strategies researcher on the buyside with about 2 years work-experience in London? I'm thinking BlackRock/MAN/macro systematic type funds

Associate @ Blackrock : Salary: £39k - 56k, Bonus: £4.5k - 30k
Algo-Trading Dev @ MAN : Salary: £48k - 78k, Bonus: £4.7k - 18k

Figures above from Glassdoor. Reliable?


Total Posts: 508
Joined: Jun 2004
Posted: 2011-08-23 14:41
Enormously variable but for a purely research position at a large buy side systematic fund based in the UK where you're one cog in a big engine I'd say that for the level you describe a salary ranging between £45-70k is the norm with total comp (salary + bonus) falling in the £50-£110k region (£45k being in the event of salary at the lower bound and zero bonus). Of course I have seen a few examples of said people beyond the upper bound but I'd be confident that 80% fall within this range.


Total Posts: 2
Joined: Mar 2009
Posted: 2011-08-24 09:21
Thanks DW,

I've heard comments about how the ranges I've mentioned look about right....after tax! Which suggests that the numbers could be a little higher, especially for the MAN numbers.

Yes, we are talking about UK based funds.

Founding Member

Total Posts: 8372
Joined: Mar 2004
Posted: 2011-08-24 09:30
I concur with DW. These numbers look about right.

The Figs Protocol.


Total Posts: 358
Joined: Mar 2018
Posted: 2019-08-24 21:23
why do people want to work on the buyside then?


Total Posts: 59
Joined: Feb 2018
Posted: 2019-08-24 21:45
Those numbers look low.
At least Citadel pays much more than that.


Total Posts: 217
Joined: Jul 2013
Posted: 2019-09-20 09:21
Expect 50k-60k gbp with 50%-100% bonus, which could be easily 0.
For an entry level I would not pay more than that.
The difference is the bonus which is never 200% in the buyside unless you help make really a lot of money, so it also depends on what you are doing specifically and how badly they want to keep you.

"amicus Plato sed magis amica Veritas"
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