However, in HFT, you make 10s of millions instead of just a few millions like these kids are making
Huh, is this for the median quant? My understanding is you top out around 1-3 mil / year (at e.g Citadel or HRT), which makes “10s of millions” … tricky, especially after taxes, living in NYC, and also you have a 1-2 yr burn in period (so ~ 2 - 10 mil after a decade). Where are ppl getting these numbers??
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Huh, is this for the median quant? My understanding is you top out around 1-3 mil / year (at e.g Citadel or HRT), which makes “10s of millions” … tricky, especially after taxes, living in NYC, and also you have a 1-2 yr burn in period (so ~ 2 - 10 mil after a decade). Where are ppl getting these numbers??
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