Ultimately yes, just like any business what you add to the bottom line is the brick-hard determinant of wage.
But just like in other businesses, perceptions, measurability, and org structure are very important.
It's not as simple as "can you generate alpha". Does your desk manager give you as much leeway as you desire? Does your alpha come only after your position has been underwater for weeks and you were given position to double down?
Measurement is also a huge issue. How much did you contribute to the bottom line? Can you prove it? What if you told Moira about low-discrepancy sequences, which improved her Monte Carlo sims, which somehow affected someone's trading down the line ....?
I met my current (quant fin) employer on the internet. While I was living in a trailer park.
But just like in other businesses, perceptions, measurability, and org structure are very important.
It's not as simple as "can you generate alpha". Does your desk manager give you as much leeway as you desire? Does your alpha come only after your position has been underwater for weeks and you were given position to double down?
Measurement is also a huge issue. How much did you contribute to the bottom line? Can you prove it? What if you told Moira about low-discrepancy sequences, which improved her Monte Carlo sims, which somehow affected someone's trading down the line ....?
I met my current (quant fin) employer on the internet. While I was living in a trailer park.