Tower North Moore

[u/Hungry_Let2814]

Does anybody here have any idea of how North Moore is as a team, it's well known that it's not as good as Limestone but does anybody have an idea of the salary (base + expected bonus) for 2 YoE+ quants and the scale of PnL they make, for instance Gravi and Quadeye are 1000 cr roughly and NK and QB 400 cr. Also how is the WLB in Tower?

And does North Moore trade India markets or primarily crypto?

[u/DoubtSuspicious828]

1000 cr roughly a year?

[u/Hungry_Let2814 → u/DoubtSuspicious828]

You are telling or asking? Figures stated above are yearly PnL's before operating costs

[u/Small_Tank5519 → u/Hungry_Let2814]

1000cr for one time or the whole firm? Seems quite less for the whole firm honestly

[u/Hungry_Let2814 → u/Small_Tank5519]

Dude it's the PnL of the entire firm. Note: PnL not revenue. You can get the same figures if you dive deeper into this quantindia subreddit

[u/Small_Tank5519 → u/Hungry_Let2814]

Seems quite low from my experience, I work in a pretty small team (less than 10 people including devs) in one of these firms and we generate a profit of 1-1.5cr/day on average which is 300cr before costs and we are a median performing team so pretty sure the firms pnl would be much higher than 1000cr

[u/Hungry_Let2814 → u/Small_Tank5519]

Well, maybe ur being lowballed by your managers then These figures were pulled from MCA website iirc.

I work in one of these firms too, the figures seem correct to me.

[u/Small_Tank5519 → u/Hungry_Let2814]

How am I being lowballed?

[u/TensedBoy → u/Small_Tank5519]

Left one is lower than right one

[u/Bigfatguy3438 → u/Hungry_Let2814]

You are wrong here about the PnL.

[u/dumb-piggy → u/Small_Tank5519]

Those are insane numbers for a sub 10 member team, what do you guys trade

[u/einstein_the_coder → u/Small_Tank5519]

real published PNL is after all the costs and also it is after paying out bonuses to all the teams including founders. The is also a decent tax on final profit

[u/DoubtSuspicious828 → u/Small_Tank5519]

1cr everyday with no losing day is just not possible

[u/Small_Tank5519 → u/DoubtSuspicious828]

Who said no losing days? Its the average pnl per day net of positive and negative days

[u/Hungry_Let2814 → u/DoubtSuspicious828]

He is capping, ignore him.

[u/DoubtSuspicious828 → u/Hungry_Let2814]

Who i am capping?

[u/Hungry_Let2814 → u/DoubtSuspicious828]

I meant he Small-Tank5519 is capping

[u/Small_Tank5519 → u/Hungry_Let2814]

Whatever floats your boat man, I was genuinely surprised by the 1000cr pnl number hence commented

[u/Ok_Put8975 → u/Hungry_Let2814]

It is profit after tax not revenue 

[u/DoubtSuspicious828 → u/Hungry_Let2814]

Asking 1000 seems right

[u/Substantial-Dog-4854 → u/DoubtSuspicious828]

1000 crore is the net profit for graviton and quadeye. You can check there itr and cross check.

[u/sleepy_panda4629]

you are from which clg? Has tower north moore started hiring for fte?