Distribution of quants’ salaries

Question

Explain distribution of quants’ salaries with a survey on a company.

Answer 1

Distribution of quants’ salaries with a survey on a company is given here:

Figure: Distribution of quants’ salaries.

Here E is yearly earnings, σ is standard deviation and the E0 the mean. We can use MLE determine σ and E0. It turns out that implies E0 = $133,284, along with σ = 0.833.