Discover your dream Career
For Recruiters

The truth about data science salaries in hedge funds

Much of the excitement about technology jobs at hedge funds goes to their quantitative developers and researchers. Data scientists, data engineering and data analysis jobs don't always get the same visibility but they too are capable of commanding hefty pay packages. 

The major hedge funds have all been hiring data scientists at different rates, but which ones have hired the most and which provide the biggest salaries? Data filed with the US government for H1B visa hires offers an explanation.

H1B visa data suggests that the biggest spender of all on data staff is Point72. The hedge fund recruited 12 data science professionals in 2022 and paid an average base salary of $141.1k. Citadel hired less but paid its data staff the most, with two of its four data science hires earning a base salary of $200k.

Millennium hired the most data staff of all, but was less generous by comparison. This might be because its hiring was skewed towards comparatively poorly paid data engineers, who earned less than $100k. But Millennium's highest paid H1B data scientist earned $128k last year, which was still well below most other averages.

Click here to create a profile on eFinancialCareers. Comment ANONYMOUSLY on articles and make yourself visible to recruiters hiring for top jobs in technology and finance. 

Have a confidential story, tip, or comment you’d like to share? Contact: in the first instance. 

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)


AUTHORAlex McMurray Editor
  • Co
    2 September 2021

    Well the Citadel and Point 72 data scientists will be out of a job eventually the way they've been rampantly shorting companies a la GameStop and AMC.... Liquidation beckons when they have to close their positions...

  • hf
    1 September 2021

    Most of the salaries quoted on this site are pure BS and click bait. The only people getting paid 500k+ on the buy-side are those on a P&L formula, everyone else is just support.

  • sa
    22 November 2019

    The question should be is the sample set (limited to H1B visas) representative of the entire group? Given such employee mobility restrictions, employers may have more leverage in compensation negotiations than otherwise.

  • di
    22 November 2019

    Are "quantitative researchers" essentially the same?

Sign up to our Newsletter

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Recommended Jobs
Chief Investment Officer (CIO)
London, United Kingdom
Paritas Recruitment - Data & Tech
Quantitative Researcher (Systematic Fund)
Paritas Recruitment - Data & Tech
London, United Kingdom
Tandem Search
Rates Trader - Quant Hedge Fund
Tandem Search
London, United Kingdom

Sign up to our Newsletter

The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.