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KnowQuant research deskUpdated 1 September 2026Method 2026.1
London or Singapore?
On US dollar equivalent total compensation, London pays about 6% more than Singapore across the quant disciplines we benchmark. London ranks 2nd in our hiring index and Singapore 4th. Both markets hire heavily into market making. Headline pay is only part of the picture: tax, cost of living and visa access change the net outcome materially between these two.
| Measure | London | Singapore |
|---|---|---|
| Country | United Kingdom | Singapore |
| Hiring index rank | #2 of 17 | #4 of 17 |
| Opportunity | Exceptional | Very strong |
| Currency | GBP | SGD |
| Pay index vs New York | 86% | 82% |
| Where demand sits | Quant research/trading, systematic funds, electronic trading | Systematic trading, commodities, macro, quant research |
| Dominant strategies | Systematic macro, Statistical arbitrage, Market making, Multi-asset | Systematic trading, Commodities, Macro, Market making |
| Employers on the desk | man-group, marshall-wace, winton, citadel, jane-street, optiver, drw | optiver, imc, jump, millennium, de-shaw |
| Visa and right to work | The Global Talent and Skilled Worker routes are both commonly discussed for these roles. Sponsorship is not universal and eligibility depends on the route and the employer: read the current official UK guidance and confirm with each employer whether the specific role is sponsored. | The Employment Pass is the usual route and its thresholds have been raised over time. Check the current official Singapore guidance and confirm with the employer that the specific role would be sponsored. |
Modelled reference estimate of annual total compensation, shown in each market's own currency with the US dollar equivalent in brackets. Positive gap means London pays more.
| Market | London | Singapore | Gap |
|---|---|---|---|
| Quant Researcher | £319k ($409k) | S$522k ($390k) | +5% |
| Quant Trader | £302k ($387k) | S$494k ($369k) | +5% |
| Quant Developer | £228k ($292k) | S$374k ($279k) | +5% |
| Quant Analyst | £161k ($207k) | S$253k ($189k) | +10% |
| HFT / Low-Latency Engineer | £264k ($339k) | S$423k ($316k) | +7% |
| Systematic Portfolio Manager | £926k ($1.2m) | S$1.4m ($1.0m) | +16% |
| Software Engineer | £205k ($262k) | S$335k ($250k) | +5% |
| Machine Learning Engineer | £259k ($332k) | S$429k ($320k) | +4% |
| Data Engineer | £191k ($245k) | S$313k ($234k) | +5% |
| Data Scientist | £164k ($211k) | S$269k ($201k) | +5% |
| Site Reliability Engineer | £188k ($241k) | S$308k ($230k) | +5% |
| Network and Infrastructure Engineer | £168k ($215k) | S$275k ($205k) | +5% |
| Security Engineer | £184k ($237k) | S$302k ($226k) | +5% |
| Trading Operations Analyst | £117k ($151k) | S$192k ($144k) | +5% |
| Risk Manager | £161k ($206k) | S$264k ($197k) | +5% |
| Compliance Officer | £138k ($176k) | S$225k ($168k) | +5% |
| Fund Finance and Accounting | £134k ($172k) | S$220k ($164k) | +5% |
| Technical Recruiter | £124k ($159k) | S$203k ($152k) | +5% |
Direct answers with the figure, the date and the caveat, generated from the same tables above.
London, by roughly 6% on US dollar equivalent total compensation across the disciplines we benchmark. A quant researcher modelled reference estimate is £319k in London against S$522k in Singapore. Figures are base plus expected bonus, before tax.
London ranks higher in our hiring index (#2 against #4), based on live classified vacancy volume, employer breadth and role seniority mix. London is rated exceptional for opportunity, Singapore very strong.
Europe's quant capital and the main hub for systematic macro and long-horizon systematic funds. The trade against Singapore is about 6% more headline pay, offset by the global talent and skilled worker routes are both commonly discussed for these roles. sponsorship is not universal and eligibility depends on the route and the employer: read the current official uk guidance and confirm with each employer whether the specific role is sponsored. Compare the tax and cost position before treating the gross gap as real.
optiver run desks in both markets, so an internal transfer is a realistic route. London additionally carries man-group, marshall-wace, winton, citadel, jane-street, drw.
London: London combines established systematic managers, the European desks of US proprietary firms, and a large bank-side quant population that feeds the buy side. The market is unusually strong in systematic macro and multi-asset systematic strategies. Headline compensation runs below New York in absolute terms, but the gap narrows considerably at senior research and portfolio-manager level where profit share dominates base pay. Singapore: Singapore has absorbed a significant share of regional quant headcount over the past decade, helped by regulatory stability and a tax position that many candidates weigh in the comparison. The market is strongest in systematic trading, commodities and macro, with a growing crypto and digital-asset segment. Headline packages need to be compared after tax rather than at face value against London. Rates and reliefs change, so use current official guidance rather than a rule of thumb, and treat this as context rather than tax advice.
Yes, with attribution and a link. Method 2026.1, last reviewed September 2026. KnowQuant Quant Compensation Benchmark, Q3 2026 edition, method 2026.1. https://www.know-quant.com/markets/compare/london-vs-singapore
KnowQuant Quant Compensation Benchmark, Q3 2026 edition, method 2026.1. https://www.know-quant.com/markets/compare/london-vs-singapore
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.
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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