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The demand for talents in the quantitative field has recently sparked widespread discussion, especially the news that the annual salary of fresh graduates in the Wall Street quantitative circle exceeds 2 million has caused a sensation. So, what is the domestic quantitative talent market?According to the reporter's investigation, at present, in terms of recruiting fresh graduates, the number of domestic institutions is mainly based on doctors from top universities, with an annual salary of one million, and an internship allowance of 1,500 yuan per day for interns. Under normal circumstances, the salary level of outstanding fresh graduate students and strategic investment research talents in tens of billions of quantitative private placements is 500,000 to 800,000 yuan a year, and the smaller quantitative private placements are 400,000 to 600,000 yuan a year.
On the whole, the salary of overseas quantitative recruitment of fresh graduates is significantly higher than that of domestic graduates. However, domestic quantitative institutions have also shown a series of recruitment methods in terms of competing for top talents, such as equity, options, partners, 12-salary year-end bonuses, etc., which are all measures taken by some quantitative institutions to attract talents.
The demand for quantitative development engineers in domestic quantitative private equity is also very strong, and the educational background requirements are the top bachelor's, master's and doctoral degrees in China, with an annual salary of about 2 million yuan, and the experience of working in a quantitative private equity company since the internship is required, and the experience of winning a medal (gold medal) in the competition is also required. It can be seen that the demand for talents in the quantitative private equity market in 2023 has increased significantly.
In order to gain a competitive advantage in the fierce financial market, quantitative institutions have introduced incentive conditions such as equity, options, partners, and 12-salary year-end bonuses. The person in charge of recruitment of Innova Asset Management said that the company's ultra-high option pool is very rare in the quantitative industry, and the company also pays attention to independent training, attracting many investment researchers to become investment managers and even partners. In addition, the company has also set up an employee stock ownership platform and clearly implemented an equity incentive system.
In the recruitment process, the company also pays equal attention to internal training and external introduction, establishes a training mechanism for fresh graduates, and implements a tutor system. Dr. Zhang Yifu, the founder and investment director of Hangzhou Huishi Assets, will personally teach particularly outstanding fresh graduates. At the same time, the company will allocate an additional part of the profit as a year-end bonus every year, and the additional year-end bonus in the past two years is more than 12 salaries. In addition, the company also provides promotion opportunities and a comprehensive benefits package, giving employees the opportunity to become one of the partners of the company.
The list of measures taken by quantitative agencies to attract talent is endless. For example, Black Wing Asset recruits internationally mature top talents through the "Kunpeng Plan", and the core managers have more than 10 years of quantitative experienceThrough the "Feather Wing Plan", the school will reserve talents for the 2024 master's and doctoral graduates from well-known universities at home and abroadThe "Fuyao Program" was launched to train interns, providing internship opportunities in quantitative research, machine learning research, quantitative development and other positions, and one-on-one mentoring by mentors.
Although quantitative institutions have made frequent moves to compete for top talent, the demand for talent has also seen a clear divergence. In addition to the pursuit of top talents, quantitative institutions also have a great demand for medium-sized private equity. These private equity firms pay more attention to the cultivation and introduction of talents, and have established corresponding training mechanisms and promotion mechanisms to provide employees with good welfare benefits and equity incentive mechanisms.
For fresh graduates, the quantitative industry is increasingly demanding internship experience. Some institutions even require fresh graduates to have Olympiad-related experience, otherwise there will be a lack of bargaining power in a highly competitive market. Therefore, fresh graduates need to have a solid foundation in mathematics, be proficient in at least one programming language, and have an understanding of AI models and their applications will be an additional plus.
In general, there is a strong demand for talent in the quantitative field, and the competition for top talent is becoming more intense. In addition to high salaries, quantitative institutions also provide incentives such as equity, options, and partners. For fresh graduates, through internship experience and continuous improvement of their own efforts, they can transform into cutting-edge talents in the quantitative industry. However, it should be noted that the quantitative industry is highly competitive, and the selection of talents is also very strict, requiring a strong mathematical foundation, programming ability and practical spirit. Only with the continuous self-driving force can we make breakthroughs and grow in the field of quantification.
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