Rank #16 · Fast-growing opportunity
A substantial build-out of quant engineering and research support capacity outside the established hubs.
What is the quant market like in Mumbai?
7 quant-classified roles are open in Mumbai right now across 5 employers, read from their own career pages. A substantial build-out of quant engineering and research support capacity outside the established hubs. Main demand is in quant development, research support, data engineering, risk, and compensation sits at roughly 22% of the New York benchmark for the equivalent role and seniority.
KnowQuant research deskUpdated 1 September 202669 live vacancies in Mumbai from 5 employersMethod 2026.1
Counted from employer career pages, not job boards. These figures move as desks open and close roles, so the split below reflects the employers we track in Mumbai rather than the whole market or an annual survey.
Live vacancies
69
Every open role we track in Mumbai
Quant-index roles
7
Roles that meet our quant classification rules
Employers hiring
5
Distinct firms with an open seat here
Read live from each employer's own career page. Last full refresh September 2026. Compensation figures on this page are modelled and dated separately from these counts.
Modelled total compensation quoted in INR. The range spans every seniority we model for the role. The reference estimate is a separately configured modelled figure for the role, not the middle of that range and not an observed median.
| Role | Range | Modelled reference estimate |
|---|---|---|
| Quant Researcher | ₹4.2m – ₹46m | ₹8.7m |
| Quant Trader | ₹3.7m – ₹55m | ₹8.2m |
| Quant Developer | ₹3.3m – ₹22m | ₹6.2m |
| Quant Analyst | ₹2.3m – ₹13m | ₹4.2m |
| HFT / Low-Latency Engineer | ₹3.7m – ₹26m | ₹7.0m |
| Systematic Portfolio Manager | ₹9.1m – ₹274m | ₹23m |
| Software Engineer | ₹3.2m – ₹17m | ₹5.6m |
| Machine Learning Engineer | ₹3.7m – ₹27m | ₹7.1m |
| Data Engineer | ₹3.0m – ₹16m | ₹5.2m |
| Data Scientist | ₹2.7m – ₹11m | ₹4.5m |
| Site Reliability Engineer | ₹3.0m – ₹15m | ₹5.1m |
| Network and Infrastructure Engineer | ₹2.7m – ₹13m | ₹4.6m |
| Security Engineer | ₹2.9m – ₹15m | ₹5.0m |
| Trading Operations Analyst | ₹1.7m – ₹9.1m | ₹3.2m |
| Risk Manager | ₹2.4m – ₹14m | ₹4.4m |
| Compliance Officer | ₹2.0m – ₹12m | ₹3.7m |
| Fund Finance and Accounting | ₹1.8m – ₹14m | ₹3.7m |
| Technical Recruiter | ₹1.7m – ₹11m | ₹3.4m |
Rankings, compensation and hiring firms for each discipline traded in Mumbai.
Direct answers, each one tied to the Mumbai figures on this page.
Modelled total compensation for a quantitative researcher in Mumbai runs ₹4.2m – ₹46m across the seniorities we model (INR), which is about 22% of the New York benchmark for the same role and seniority. Every other role is priced in the table above.
2 of the firms we track run a Mumbai desk, including IMC Trading, Point72. Each firm profile lists the desks it staffs locally and the disciplines it recruits for.
Quant development, research support, data engineering, risk. The strategies concentrated here are quant development, data engineering, risk, research support, which shapes both the skills desks screen for and the pay dispersion between them.
Mumbai is one of the 17 hub markets we price, and on the roles we currently track it shows fast-growing advertised demand. That is our own editorial read of tracked vacancies, not a global ranking of opportunity. Compare the pay index of 22 against local tax and cost of living, and check current official guidance on visas and tax, before treating a headline number as an improvement.
Live roles are read from employer career pages and refreshed continuously. The pay bands carry method 2026.1, last reviewed September 2026, and are frozen each quarter as a dated edition you can cite.
Both, and they are labelled. Where an advert states pay we use the stated figure. Where it does not, the band is modelled from publicly reported compensation data and role benchmarking, and shown as a range rather than a single number.
Each one is a standalone page with the working shown, kept in step with the figures above.
Mumbai ranks #16 of 17 in our quant hiring index, rated fast-growing for opportunity, with a quant researcher median of ₹8.7m.
In Mumbai our desk tracks hiring at point72, imc, across quant development, data engineering, risk, research support.
KnowQuant Quant Compensation Benchmark, Q3 2026 edition, method 2026.1. https://www.know-quant.com/markets/mumbai
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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Weekly market movements
The dated market call: which desks opened seats, where pay shifted, and which markets tightened. Written by the research desk, sent Monday, and nothing else.
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.
Mumbai market report · KnowQuant 2026.1