Discover your dream Career
For Recruiters

Two Sigma: The chillest place to earn $400k as a graduate?

Making money in the hedge fund space is easy... having fun doing it is a whole other story. The phenomenal compensation paid by the heavy hitters comes with certain expectations and for some funds, that expectation is relentless work. One quant hedge fund, however, may be more pleasant to work for than others. 

Two Sigma has long been known as a comparatively chill place to work. Five years ago, we wrote about its recording studio and ping pong tables, plus its "fiestas" to mark significant events. Less well known, perhaps, is that Two Sigma also operates "hacker labs" where its employees can collaborate on projects IRL involving things like...soldering.

Anecdotally, this makes it a popular place to work. Writing on forum website Blind, one Two Sigma employee says "everyone is very nice, rarely do people shout, and the only way to be fired through the mid-levels is dickishness or fraudulent behavior." A Citadel employee who formerly worked for Two Sigma said the company had, "definitely more of a tech company vibe," and was "more chill" than his current home. 

That doesn't make Two Sigma perfect, however. One Two Sigma employee says compensation progression is "slow-ish". This can somewhat be seen by Levels.fyi's end of year compensation report where they ranked number one for entry level salaries but tapered off as seniority grew.

As with all hedge funds, your pay will always depend on the specifics of your work. On Levels.fyi for example, an entry level AI and machine learning engineer at Two Sigma recently reported total compensation of over $400k, while an entry level data engineer reported a TC of just $175k in 2023. Interestingly, their base salaries were just $50k apart.

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: alex.mcmurray@efinancialcareers.com 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.)

author-card-avatar
AUTHORAlex McMurray Editor

Sign up to Morning Coffee!

Coffee mug

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 Articles
Recommended Jobs
Caxton Associates
Associate Portfolio Manager Program - Dubai
Caxton Associates
Dubai, United Arab Emirates
Hunter Bond
Technical Business Analyst - Leading Trading Firm
Hunter Bond
London, United Kingdom
Legal & General
Chief Operations Officer
Legal & General
London, United Kingdom
Macquarie Group
Emerging Market Junior Fixed Income Trader
Macquarie Group
London, United Kingdom
Carisbrook Partners
G10 STIR FX Trader
Carisbrook Partners
London, United Kingdom

Sign up to Morning Coffee!

Coffee mug

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