Discover your dream Career
For Recruiters

Jane Street's London pay fell to £667k last year

If you know anything about finance, you'll know that Jane Street is one of the best paying places to work in the industry. As we reported in April, starting salaries for researchers and traders at Jane Street are now $275k (£229k), which isn't bad when you've only just graduated. 

In London, however, average pay per head at Jane Street fell in 2021. 

Recently released accounts with Companies House in London show pay per head at Jane Street Europe (Ltd.) fell last year. In 2020, Jane Street paid 274 London staff an average of $1.1m (£908k). In 2021, it paid 335 London staff an average of $801k (£667k).

Declining pay may have something to do with the fact that group revenues at Jane Street Europe (Ltd) fell from $1.6m to $222k last year, while profits at the London-based entity went from $979k to a $69m loss. The company attributed this to "long exposure to certain emerging markets" and "short exposure to certain developed markets." It said this combination of exposures contributed to the 86% decrease in revenues. 

Jane Street has also been spied stocking up on prize-winning students with first class degrees in computer science, maths and physics from Cambridge University, Oxford University and Imperial College (but especially from Cambridge University). As Jane Street increased London headcount, it's conceivable that average pay fell as the workforce became more junior. 

Click here to create a profile on eFinancialCareers. 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: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available (Telegram: @SarahButcher)

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.)

Photo by Nick Fewings on Unsplash

author-card-avatar
AUTHORSarah Butcher Global Editor
  • ol
    oldie
    8 August 2023

    anyone any idea what starting graduate salaries or approx .total compensation are in London for institutional sales ?

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

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.