Just started my new grad SWE role at Two Sigma in NYC this past January. I know there's not a ton of current data on new grad comp here so posting what I can.
My offer (class of 2025, CS major, no PhD): Base: $180k Signing: $50k (half at start, half at 6 months) Bonus: target is 20% of base but as everyone will tell you it's discretionary
I talked to a few people from my cohort who joined around the same time. The range I heard was $175k-$185k base for new grad SWE. One person with a quant-adjacent background got $185k. One person who had competed less strongly (only one competing offer) was at the lower end.
For comparison I also had an offer from a FAANG at a slightly lower base but with stock that felt more predictable. I chose Two Sigma partly for the learning environment and partly because the bonus ceiling is real if the fund does well.
The interview process to get here was intense. For new grads they do: OA (coding), then a phone screen with a coding round, then a full loop (3 technical rounds: 2 coding, 1 system design-ish that was more design discussion than whiteboarding). The quant-style probability questions came up once in a casual way but it wasn't the main event for SWE roles. MLE roles are a different story based on what I heard from friends.
Team matching is handled after the offer. You don't interview for a specific team until later, which is a bit strange but worked out fine for me.
Feel free to ask questions. I'm still very new here so I can't speak to culture long-term.