Which is more exciting? Is it the fact that electronic market maker and proprietary trading firm Jane Street has generated $14bn of net trading revenue in the first nine months of the year, according to Bloomberg. Or is it the fact that Jane Street has offered an Indian graduate a starting salary of US$508k to work for it as a quant trader in Hong Kong?
The two things are not unrelated. In the first half of 2024, Jane Street's 2,631 employees each generated average revenues of $3.2m and average profits of $2.3m. Jane Street can afford to pay. There's a reason it tops our list of Ideal Employers by compensation. Even Citadel Securities 'only' generated earnings per head of $1.7m over the same period.