Two Sigma Software Engineer Compensation
E-levels (informal), Manager-Senior Director. No equity - base + bonus, with deferred comp invested alongside the funds at senior levels. More structured than pure prop shops.
Ranges aggregated from publicly-available sources. Treat the median (p50) as roughly representative; quartile bands reflect negotiation range. Have specific data points or corrections? Send them in.
Company-specific notes
Two Sigma is a quantitative hedge fund that operates like a structured tech company: real level bands, real manager ladder, and more predictable bonus targets than pure prop-trading shops - with correspondingly lower ceilings than Citadel or Jane Street. There is no equity; the near-zero equityAnnual bands reflect deferred-compensation awards invested alongside the funds, standard at senior levels (typically 3-year vest). Bonus is discretionary and tracks fund performance, so the percentile spread widens with seniority.
Levels
E1
Software Engineer (New Grad)| Component | p25 | p50 | p75 | p90 |
|---|---|---|---|---|
| Base salary | $175K | $190K | $210K | $230K |
| Equity (annualized) | $0 | $2K | $5K | $10K |
| Bonus / sign-on amortized | $75K | $110K | $150K | $200K |
| Total comp | $250K | $302K | $365K | $440K |
Entry-level. First-year bonus is typically guaranteed in the offer. Pays below Jane Street / HRT new-grad numbers but above almost every product company.
E2
Software Engineer| Component | p25 | p50 | p75 | p90 |
|---|---|---|---|---|
| Base salary | $200K | $220K | $240K | $260K |
| Equity (annualized) | $0 | $2K | $5K | $10K |
| Bonus / sign-on amortized | $110K | $160K | $230K | $320K |
| Total comp | $310K | $382K | $475K | $590K |
Mid-level. Two Sigma runs more like a structured tech company than a trading desk - bonus targets are more predictable than at pure prop shops, with correspondingly lower ceilings.
E3
Senior Software Engineer| Component | p25 | p50 | p75 | p90 |
|---|---|---|---|---|
| Base salary | $230K | $250K | $275K | $300K |
| Equity (annualized) | $0 | $5K | $10K | $20K |
| Bonus / sign-on amortized | $170K | $250K | $360K | $520K |
| Total comp | $400K | $505K | $645K | $840K |
Senior IC. The most-common external hire level. Engineers on modeling-platform and live-trading systems land the upper band; corporate-engineering roles track p25-p50.
E4
Lead Software Engineer (Staff-equivalent)| Component | p25 | p50 | p75 | p90 |
|---|---|---|---|---|
| Base salary | $260K | $285K | $310K | $340K |
| Equity (annualized) | $0 | $5K | $15K | $30K |
| Bonus / sign-on amortized | $250K | $380K | $560K | $820K |
| Total comp | $510K | $670K | $885K | $1.19M |
Staff-equivalent. Some seniors receive deferred-compensation awards invested alongside the funds (reflected in the small equityAnnual band) - vesting is typically 3 years.
Primary sources
- ·Levels.fyi (public reports, Two Sigma data points)
- ·NY Pay Transparency postings (Two Sigma NYC)
- ·US DOL H1B Disclosure Data (Q4 2025)
- ·Public Two Sigma career-page postings
- ·Blind (anonymous reports, triangulation only)
Cross-referenced against public reporting, state pay-transparency postings, and triangulated where source ranges disagreed. Last refresh: June 2026.
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