Head to head
Winton vs Man Group
Winton or Man Group?
Winton is a systematic manager headquartered in London; Man Group is a systematic manager headquartered in London. On indicative total compensation Man Group sits roughly 5 percentage points higher against the market median. The larger difference for most candidates is the work itself: trend following and systematic macro at Winton, versus systematic macro and trend following at Man Group.
| Winton | Man Group | |
|---|---|---|
| Business model | Systematic manager | Systematic manager |
| Headquarters | London | London |
| Founded | 1997 | 1783 |
| Comp vs market median | -10% | -5% |
| Offices | London, Hong Kong | London, New York, Boston, Hong Kong, Zurich / Geneva, Paris, Shanghai |
| Strategies | Trend following, Systematic macro, Statistical research | Systematic macro, Trend following, Machine learning, Multi-strategy |
| Hires for | Quant Researcher, Quant Developer | Quant Researcher, Quant Developer, Systematic Portfolio Manager |
| Interview stages | 3 | 3 |
| Typical backgrounds | Science PhDs, Statistics and mathematics, Academic researchers | PhD researchers, Academic partnerships, Systematic research from peers |
Compensation by role
Indicative mid-level total compensation, US dollars, New York reference market.
| Role | Winton | Man Group |
|---|---|---|
| Quant Researcher | $340k | $380k |
| Quant Developer | $260k | $290k |
| Systematic Portfolio Manager | - | $1.2m |
A dash means we hold no indicative figure for that role at that firm. It is recorded as unknown rather than estimated.
Winton
Research-led systematic manager with a strongly scientific culture and an emphasis on long-horizon statistical work rather than short-term signals.
Interview process
- 1. ScreenCV and research background.
- 2. TechnicalStatistics and scientific reasoning.
- 3. PanelResearch presentation.
Man Group
The largest listed hedge fund manager, with AHL as its systematic engine and a strong academic research culture including university partnerships. A common route into systematic research in London.
Interview process
- 1. ScreenRecruiter and CV review.
- 2. TechnicalStatistics, time series and coding.
- 3. Research panelDiscussion of prior research and a modelling problem.
Markets where both compete for talent
Other comparisons
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.
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