A clear pattern emerged in 2025—and it points to a structural shift in where quant talent is flowing. In 2024, 70% of people in quant‑related roles moved to a direct quant competitor.
In 2025, that dropped to 57%, with the remaining 43% now choosing big tech instead.
Quant houses are rapidly hiring into quantitative data-related roles, particularly in the US.
Major disparities exist in current demand levels and in the selection criteria used by quant houses.
Quant houses still prefer to hire directly from competitors or big banks, but they are now hiring more from big tech companies.
But big tech companies still have the edge, attracting more and better talent with quant-related skills.
Market demand for the best mathematicians, attracting new players and increasing competition for this rare talent.
Please add your email to download the free report.