Proprietary Trading

DRW

DRW is a diversified principal trading firm that trades its own capital across a wide range of asset classes, instruments, and strategies. Founded by Don Wilson, the firm operates in fixed income, ETFs, equities, FX, commodities, and cryptocurrencies. DRW combines sophisticated quantitative research with technology-driven execution. Their subsidiary Cumberland DRW focuses on crypto trading, making them one of the earliest institutional players in digital assets.

Founded 1992

Our DRW Guides

Interview guide

DRW Interview: Process, OA and Questions (2026)

The DRW interview and online assessment: the probability-heavy trader OA, the Codility coding test, the Zoom screen, the two-day final and DRW's posted pay.

Headquarters

Chicago, IL

Employees

1,000+

Entry-Level Pay (est.)

$200K – $350K

Senior Pay (est.)

$350K – $600K

Roles at DRW

Quantitative ResearcherSoftware DeveloperQuantitative TraderSystems Engineer

Key Skills Required

C++PythonQuantitative AnalysisTrading StrategySystems Programming

How to Get Hired

DRW recruits through campus events and online applications. Their interview process typically involves technical coding challenges, quantitative reasoning problems, and discussions about trading concepts. They offer internships and new graduate positions for quantitative researchers, software engineers, and traders. Applications are available through their careers page.

View open roles at DRW DRW Interview Guide

Compensation at DRW

Bands below are industry estimates from aggregated public signals—not confirmed by DRW. Actual offers depend on role, office, performance, and year.

Entry-Level / Graduate (estimated total)

$200K – $350K

Typically base plus bonus; varies widely

Senior / Experienced (estimated total)

$350K – $600K

Typically base plus bonus; varies widely

Source: Glassdoor

UK quant salary guide →US quant salary guide →

DRW Locations

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DRW