Markets

Is New York a good place to work as a quant?

KnowQuant research deskUpdated 1 September 2026Method 2026.1

Short answer

New York ranks #1 of 17 in our quant hiring index, rated exceptional for opportunity, with a quant researcher median of $475k.

New York concentrates multi-strategy hedge funds, systematic managers and the research arms of the largest proprietary trading firms. Hiring skews toward quantitative research, machine learning and data engineering rather than pure latency work, which sits more heavily in Chicago and Amsterdam. We use New York as the reference point for our own pay index, because firms we track commonly quote other cities relative to it. That is our modelling basis rather than a measured global ranking.

Demand concentrates in quant research, systematic trading, quant dev, ml, data. The employers our desk tracks in the market are jane-street, citadel, two-sigma, de-shaw, millennium, point72, hrt, running statistical arbitrage, systematic macro, ml-driven alpha, multi-strategy.

Right to work: H-1B, O-1 and L-1 are the routes usually discussed for these roles, and many firms also recruit juniors through campus pipelines. Eligibility and timing depend on the route and the employer, so check the current official US guidance and ask the employer which route it would use.

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Cite these figures

KnowQuant Quant Compensation Benchmark, Q3 2026 edition, method 2026.1. https://www.know-quant.com/answers/is-new-york-a-good-place-to-work-as-a-quant

Free to quote and republish with attribution and a link to the source page, under our terms. Method 2026.1, last reviewed 1 September 2026. The methodology sets out how each band is built and what it excludes.

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Methodology

Figures are expressed as annual total compensation (base salary plus expected performance bonus) in the reference market's local currency, converted from a US dollar base. They describe typical market ranges rather than any individual offer, and exclude sign-on payments, deferred equity and carried interest. Portfolio-manager figures reflect formulaic profit-share arrangements and are therefore far more dispersed than any other role.

KnowQuantIndex 2026.1 · Updated September 2026

Modelled bands describe the market, not an individual offer. Where an employer states pay, the stated figure is used and labelled as such.