Okay, writing this up because when I was searching for Jane Street new grad / entry level salary 2026 there was almost nothing useful and I had to piece it together from old Levels.fyi data.
I went through the SWE new grad process this spring (class of 2025). Didn't get the offer, but two people from my school did and I got some data from them plus from a recruiter call where they were pretty open.
New grad SWE, NYC, 2026: Base: approximately $200-220k (higher than Google/Meta new grad base, which sits around $150-180k range) Bonus: yes, even at new grad level. Smaller than senior but not nothing. Both my classmates mentioned a signing component and a year-end bonus expectation, though they were careful to say 'discretionary' repeatedly. Total comp for new grads I've heard of in the $300-380k range all-in for first year depending on firm performance
For context, Google new grad NYC was offering around $185-210k TC last cycle, Meta similar. Jane Street new grad compensation is meaningfully higher at the base level.
Why the gap: they're hiring a different profile. Strong CS fundamentals, but also people who will likely be working directly on or adjacent to trading systems. The firm takes on substantial leverage in training costs for the people they hire, so they pay to get and keep them.
Interview to get there: two rounds of technical (OCaml problems, not LeetCode). One behavioral. One final round with more senior folks. No system design in the traditional sense. The functional programming requirement tripped up a lot of people I knew.
Would I apply again? Probably not for me long-term but for the first 2-3 years out of school it's hard to argue with the comp and the learning environment. Just know you're signing up for a specific world.