Discover your dream Career
For Recruiters

Top hedge fund quant grads earn more in China than HK & SG

When it comes to quantitative finance roles in Asia, it's often seen as a battle between Singapore and Hong Kong for supremacy. A recent report from recruitment firm Selby Jennings reflects how much quants make in the two cities and suggests this need not be so: it says the pay ranges for quants in Hong Kong and Singapore are identical.

Instead, it seems that some of the highest paid quants in Asia are PhD graduates working in mainland China. Though the lower end of the salary ranges are very similar to Hong Kong and Singapore, quants at the upper end of Chinese hedge funds can earn significantly more

 

At so-called "tier one" hedge funds and trading firms, Chinese PhD grads earn $50k more in salaries and $60k more in total compensation.

With a few years' experience, though, mainland Chinese quants should be earning much more. The report says that buy-side quants with 2–5 years of experience earn up to $180k in Hong Kong and Singapore but up to $300k in China. These figures aren't an extension of those previous, as this now also includes non PhD graduates. 

If further education isn't your thing, you might want to stay a quant in Singapore or Hong Kong earlier in your career, however. Though figures for each even out at the senior end, Chinese quants with 2-5 YOE are paid $30k less in their salaries than quants in Hong Kong and Singapore at the lower end of the average salary range. 

Download Selby Jennings' north and southeast Asia salary reports here and here. 

Click here to create a profile on eFinancialCareers. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: alex.mcmurray@efinancialcareers.com in the first instance. 

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Articles
Recommended Jobs
Recruitment Intelligence Consultants Limited
MACRO ANALYST
Recruitment Intelligence Consultants Limited
Hong Kong
JobsLab
Quantitative Trader
JobsLab
Hong Kong
Global Sage Hong Kong
Family Office Investment Associate/Manager
Global Sage Hong Kong
Hong Kong
ICBC Asset Management (Global)
Investment Analyst
ICBC Asset Management (Global)
Hong Kong

Sign up to Morning Coffee!

Coffee mug

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.