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How high is high and how low is low? I'd assume even the lowest payed quants are making high 5 or low 6 figures at a bank.



All relative and the curve is certainly right tailed.

There are trader/quants who basically work for free for just upside at lots of prop shops + HFs. There's actually deals WORSE than that where people sacrifice a lot for upside participation in their strategy.

Trading at a bank is a mixed objective problem generally -- much of what you do is NOT about making $ so understanding how and why people make what they make is not trivial.

I can't imagine a world where any of these wouldn't be at least low 6 figure roles -- the banks/HFs/prop-shops have to pay to compete with the Googles/Facebooks of the world.




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