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Home / Compensation / Two Sigma / Engineering Manager
Total compensation for a Two Sigma Engineering Manager ranges from about $550K at the entry level to $3.5M+ at the most senior bands, with a typical mid-level package around $1.2M. Below is the full breakdown by level - base salary, annual equity, and bonus - from public-source data.
Public-source estimates (Beta). Last updated 2026-06. Figures are annualized USD.
| Level | Years | Base (p50) | Equity/yr (p50) | Bonus (p50) | Total (p25-p90) |
|---|---|---|---|---|---|
| M1Engineering Manager | 8-12 YOE | $295K | $5K | $420K | $550K - $1.3M |
| M2Senior Engineering Manager | 10-15 YOE | $325K | $5K | $600K | $700K - $1.7M |
| D1Director, Engineering | 12+ YOE | $360K | $5K | $870K | $900K - $2.4M |
| D2Senior Director / MD, Engineering | 15+ YOE | $390K | $5K | $1.3M | $1.2M - $3.5M |
First-line manager, typically 6-10 reports. Calibration tracks E3/E4 ICs.
Manages managers or a large platform team. Bonus variance tracks fund performance.
Org leader. Deferred-comp participation becomes standard at this level.
MD-equivalent. Sparse public data - treat as directional. External hires uncommon.
Two Sigma has a real management ladder (Manager / Senior Manager / Director / Senior Director), unusual among quant firms. Comp is base + discretionary bonus; no equity, though senior managers often receive deferred comp invested alongside the funds.
The offer calculator compares your current and target offers 4 years out - vesting, refresh grants, and federal + state + FICA tax - so you negotiate with real take-home numbers.
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