Bank quants are not better paid? Run your own quant based operation
In summary, you can make way more on your own. Like in the millions per year as you scale up your own trading account.
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
This means that while successful traders in banks can still earn £500k+ ($625k+), successful quants tend to find their pay bounded at around £250k, or less. As one quant puts it, this isn’t bad for, “writing several lines of code,” but it’s also a frustrating when the traders using the tools you create are being paid a lot more.