quants-n-traders

[burnt reef]

hmm, yea ig my question is too vague since culture/wlb varies significantly between companies/teams

also is there typically more or less job-hopping in hft when compared to big tech?

[obtuse flame]

Less in general since your bonus is majority of comp

And you have to actually get good to make more

My limited understanding

[fast gazelle]

also most places have some sort of non-compete

[drowsy spindle]

Wild animals?

Like actual animals or Florida man

People drive bad, that’s about it

[cloud spear]

idk pretty sure you have to fight a gator a day to get to work

gator grappling is a technique you master early in your life in florida

[barren steeple]

RICKY

[burnt reef]

oh that makes sense, thx

[barren steeple]

also ppl tend to stay at firms for a pretty long time because of the ammount of money they have in the companies firm already

• non compete and stuff

[burnt reef]

oh u mean like company vesting?

[barren steeple]

ye

[stray lava]

anyone heard a firm called eagle seven?

It’s a prop shop in Chicago

[spare rover]

SWE is supposed to be a sweatshop with enormous pay. My hh told me I could get up to 800k fy by negotiating with Cit—I’d imagine it’s a similar situation for quant

[broken thorn]

one missed keystroke and ur blacklisted for life

[empty burrow]

Does anyone know if hrt usually call to reject after final

[barren steeple]

what firm were u at before, is it possible to get a hh without being at a firm before, I want to shoot for summer 2024 swe internships at trading firms, by next recruiting season I will have like 4x faang on my resume

[spare rover]

Not at a firm, just HYPSM + FB&G internships

[royal forge]

yeah you dont need a firm

gl getting past interviews though

[lost stratus]

would this be recurring or just first year?

[cloud spear]

I've heard headlands interviews are like 9+ hours straight though

[stray lava]

I interviewed in October it was 4 hours

[cloud spear]

huh

[spare rover]

This is cap, my rounds were the same as anywhere else. Easier than desco

[rose holly]

Lol recurring doesn't exist in trading

[rose holly]

How was it

[barren steeple]

how so

some of my friends were able to get an interview with literally eveyr firm through headhunters

hmm ye but direct apply isnt a great chance to hear back even if super good resume a lot of rng involved but a good hh can gaurnetee the interviews

[fast gazelle]

how does headhunting work

do they get a cut of your salary?

[barren steeple]

i thin they get comiision from the firms not sure tho

[spare rover]

They get a percentage of your salary, but paid by the firm. IMO their incentives are very aligned with yours during the process, and they’ll often help you negotiate up your offers

[broken thorn]

how do i get a head hunter

also how do i convince them im cracked enough to be worth their time

[tulip sapphire]

have a cracked linkedin

[rose holly]

Has anyone interviewed with Radix? Are they using C++ for everything?

[broken thorn]

why would a firm say yes to this

[barren steeple]

because you bring them cracked talent which if their own recruiter found would also probably get a percentage or a bonus or smth

[broken thorn]

true good point

so is there no normal recruiter when head hunter is head huntering?

[floral locust]

If they have recruiters most aren’t responsible for looking for talent

I should just become a headhunter

It’s like 10-20% of first year TC for each placement

Ez 100k+ per candidate

[drowsy spindle]

@cloud spear

https://globalnews.ca/video/4327127/armless-florida-man-charged-after-allegedly-using-feet-to-stab-tourist-with-scissors

[cloud spear]

most sane florida man

[cobalt prawn]

Yes, most things are in C++

[tulip sapphire]

^devops is in python right

[broken thorn]

do u rly want to make ur whole life applying to jobs

[barren steeple]

did u accept radix or hrt

[broken thorn]

tier lists say radix is tier .5 and hrt is only tier 1

why u pick the lower tier company

[timber quartz]

Facts

[floral locust]

Cit has the best swag in general probably

Cit quality is higher since lulu

[timber quartz]

why js shirt not have big logo

[broken thorn]

holy shit

where does tier .5 and 1.5 fit in

[next girder]

Js shirts are mid

Every other person at my climbing gym wears js shirts

[barren steeple]

what grade u climb

[broken thorn]

i think i hold the record for lowest skill:strength ratio in climbing

[rancid spoke]

U don’t work for citadel anymore?

[fringe flint]

Citadel OA got me feeling dumb

[celest anvil]

Tf will u get blacklisted?

[fast gazelle]

he probably got radix or something lol

[barren steeple]

maybe, but probably not

[barren steeple]

he reneged for DNtec

[long raft]

You shouldn’t use swag on a daily basis. Swag is here to impress other Girls when you take them out 😎😂
Wear your nicest swag hoody

[long raft]

😂 now i got it

[barren steeple]

ur a bot

def radix or hrt right

or maybe js

who

send reddit link

might be someone else

i know a guy

with literally every offer

for like qr and qd tho

from like 20 + firms

[long raft]

I accepted my first offer within days because I didn’t thought Someone Else will want me 😂 How do People perfectly line up multiple Finals…

[barren steeple]

where

[long raft]

Also a Quant place But don’t want to dox myself so easily 😂😂😂

[barren steeple]

lol

im a big tech normie

[long raft]

It’s my First international internship 🥲 before That i had like multiple internships For like 1k 😂

When I Applied this year i didnt Even Look at Quant places at First.

[barren steeple]

ye i didn even apply to quant places either

and now i wish i did

but too late pretty much

ill give it a shot next year tho

shouldbe able to get atleast a dcent one

i hope so atleast

[stark crow]

I love providing liquidity to financial markets 🤓

[barren steeple]

lol

[barren steeple]

to be fair, all swe work is monkey work

[long raft]

There should be a bot that sends this whenever someone says “quant” (although MM would be more correct)

[stark crow]

True

[stark crow]

Not really but sure

[barren steeple]

i mean in the grand scheme of things like impact on the world

[stark crow]

Compilers, kernels, distributed database systems are all very challenging and interesting fields

[barren steeple]

obvously work can vary and be more intersting some places than others

[long raft]

But at the end of the day your Kernel, Compiler and Database will be used to make smth efficient and Safe (computational resources=) Money 🤔

Like a Company wouldn’t pay you just for you doing stuff That is fun. They want to benefit at the end of the day. The same goes with Research if you cant sell the proposal For a Project you will have a hard time finding funding

[stark crow]

Sure, but I wouldn’t call it monkey work is what I’m getting at

[long raft]

Oh yeah. Totally misinterpret it 😅

[stark crow]

Initial message is worded wrong if you’re gonna bring up your impact on the world

[rose holly]

Still monkey work

All corporate employee work is monkey work

[scarlet vine]

This is cap, highest they’ll go is 550-600, they will have the highest base and highest recurring for sure but they won’t go higher

Source is I know 2 people with cit QR return and headlands QR new grad beat base and bonus but not tc even with negotiation

[barren steeple]

i know one person who got 700 first year from headlands

[scarlet vine]

What was the breakdown

It’s very possible the swe tc is higher because it’s more sign on heavy

[long raft]

People Talking about numbers north of 500k and I would be just happy to get a Job After graduation 🥲😂

[barren steeple]

not exzctly sure but sign on was huge, he said higher than >= cit signon

[hasty hill]

Dont care, the $ doesnt care where it came from either lol

[sand heron]

Hey, do you know if Jane Street recruits for grad quant trader position ? or is it just a "fake" position ? (I've never seen someone on LinkedIn that got in directly as a grad, they usually have done an internship with JS before)

[lost stratus]

Do you know what the highest for radix is?

[floral locust]

No

[floral locust]

Depends on if ur ng hire or intern hire, hire from intern can be 700, ng probably a bit lower

[lost stratus]

for qr right

[floral locust]

Yes

Idt swe breaks 500 consistently

[rose holly]

damn swes are broke

only qrs can afford thanksgiving turkey

[broken thorn]

which is the better deal, 3 12oz for 6 bucks or 2 16 oz for 5.5 bucks

dont brute force it, use estimation

[floral locust]

Weren’t u almost gonna be a swe to simp 🤔🤔🤔

[rose holly]

lol i’d go broke simping

[floral locust]

SRUE

[broken thorn]

my strategy:
36 oz/6 means 6 oz per dollar for the 12 oz one. for the 32 oz, 33/11=3 oz per 50 cents, but i have to add 1 oz to make it work so the 32 oz for 5.50 is worse

[long raft]

I am going to be a stay at home dad as soon as my wife makes enough money 😂

[rose holly]

it’s even better because you can recycle more bottles

[broken thorn]

because i can litter more in my local river*

[brisk stream]

poverty 😔

[lost stratus]

https://patronus.capital/

aparently theres a firm called "Patronus Capital" started by ex optiver traders

"patronus" being a reference to the harry potter spell is what they told me

[long raft]

They have in total 2 employees?

[lost stratus]

Yeah

[lost stratus]

$650k swe new grad or bust obviously

[broken thorn]

i hear they usually hire 0

[swift apex]

Hello @rose holly , what is ssamu time?

Oh, what is that?

Hmm, understood!

You are from?

[broken thorn]

i fuckijg get it now

[broken thorn]

i was driving

[fading mirage]

[thorny gate]

for those that got swe offers at trading firms what went well in your interviews other than being able to solve LC? Asking for next year

[hasty hill]

help me make one

we can make one on figma

[broken thorn]

can you make one with me in it

where im asking a very simple question

i will try to find but i have very sumb qurstionns

[hasty hill]

Ok find fodder

And i will add u

U dummie

[broken thorn]

pk

we put this next to the other

wait i have perfect

#general message

#2023_summer message

@hasty hill

[stark crow]

No this is just the average grass-deprived cs major, not super quant-specific

Hmm maybe the first one can work

[broken thorn]

i like the contrast betwen them

perhaps this

#2023_summer message

[round mirage]

they just scheduled the interview so far

no reject yet if ur interested

[royal forge]

Behavioral 😄

Practice answers a lot

[floral locust]

if you did get rescinded it would be the background check when they decide to give an offer or not

it's not feasible for them to check every candidate they interview due to sheer volume

[round mirage]

ehh i had to give a bunch of details to schedule the interview, seems odd they wouldn't just reject if my gpa was too low

it's for launch

dam

yeah fair i wont keep my hopes up

yeah fr it's a little annoying but i'm okay with throwing away an hour for citadel any day

[stark crow]

cit min gpa cutoff is 3.6 unless you've done some kind of competitions

[floral locust]

tOp 5 aChIeVeMeNtS

[floral locust]

i think if u have js internship they also lower bar

[lost stratus]

Does anyone here know anything about this firm?

https://www.linkedin.com/company/consolidated-trading/

I can't find anything else interesting about them besides their cto working at headlands previously

sure why not lol seems to fall in the realm of quant

[lost stratus]

whats this based of

shouldnt you include like every firm then

[rose holly]

who are you lol

[scarlet vine]

Lmao wtf is this

[old shore]

if ur a woman optiver is tier 7

[floral locust]

Isn’t this that cringe GitHub list

[scarlet vine]

Nah this is worse than the github one

[floral locust]

Cit tier 4

How is Vatic that high

[old shore]

where maven

[floral locust]

who would u put 2s above that it's below?

which role is this for?

[stark crow]

mr hexis is FT already no?

[floral locust]

also tgs vs rentec seems hard to say

[stark crow]

Oh LOL his latest role doesn’t say intern that’s why I was confused

[floral locust]

cit hf i'd put higher, i think it's comparable to all of the tier 2's. if we're talking about gqs as the main role. citsec and tower seem team dependent and certain teams i'd put at or above some of the tier 1's

citsec qr teams also have a huge amount of var

[lost stratus]

what about world quant and tudors versions of qgs

[rose holly]

is pdt that good lol

[floral locust]

certain teams are comparable or better than hrt, jump, citsec

[floral locust]

their swe offer is quite overrated

acc to faker

what is 50 and 5?

ah i thought that was 20 and 2

50 and 5 is nuts 💀

yea i meant i was familiar w/ 20 and 2 but not the term 50 and 5

what are our metrics?

wouldn't google be like top 1 then?

[cloud spear]

Do top HFTs actually reject for a 3.5 gpa wtf

Idk I just saw someone mention that earlier

[rose holly]

i believe smth like 20 and 1 or 15 and 1.5 is more common now

[floral locust]

so your utility function is loglog past like 300k?

[cloud spear]

They said some person at citadel got rejected for 3.5 gpa

[rose holly]

outside of the top funds like cit and de shaw

[cloud spear]

No idea if true

Same

But also idk

Dang

I thought 3.5 plus was enough for all places

[floral locust]

kenny likes gpa, something like "continued excellence"

[rose holly]

seems very plausible, my friend got asked why his gpa (3.7) was so low although he still got the offer

[cloud spear]

He got to interview though right

[floral locust]

sig also rejected me for gpa despite js on resume rofl

[cloud spear]

So ig he still got a chance to prove himself

[floral locust]

i cant code

so trader

i am currently unemployed cause my previous employer went bankrupt

[rose holly]

honestly yea, even for trading since i feel like a lot of the work is just abt grinding and not raw intelligence

[floral locust]

alameda

[stark crow]

Cit’s like that too no? Although my only point of reference is someone who applied with incoming JS and got rejected

Maybe they don’t care about incoming as much

[floral locust]

they didn't even comp my flights to hk lol

yea slightly lower guaranteed higher upside, much much more hours

so p much what you'd expect

[scarlet vine]

I have

Tho I didn’t get much choice in the matter LOL

[floral locust]

what do you think is bs?

[scarlet vine]

I’m working ft at a tech company rn, but haven’t graduated

Starting ng 2023

Yea would agree 95% of the shit I read online about trading companies is just wrong

Nah it’s 95% wrong

[stark crow]

I c I c

[scarlet vine]

Just a fact

So many rejections 😦

Tough year

Nope, long story short I couldn’t get return on my team cause of headcount so they offered me return intern instead

Still have calls with some other teams there

To see if I can match somewhere else

But as it stands I’m going somewhere else for new grad

Didn’t really like the other team options that were offered

Haven’t decided yet but prob not, pay is enticing ofc but the work isn’t

Ty tho

[scarlet vine]

Wyd next year

You’re 2023 grad right

You know where you’re going?

[stark crow]

2024

[stark crow]

msft winter and most likely goog summer if Cit don’t work out

Got my on-site soon

[scarlet vine]

Ayy nice thats awesome

Hope your other interviews go well too

[scarlet vine]

So long damn

[scarlet vine]

Gl man hope you get it

If not G is unreal congrats

[stark crow]

Tyty

[winged aurora]

is anyone going to join a trading company at UK (FTE/Intern) in 2023?

[hasty hill]

@rose holly would u please post where u work

[magic swan]

what is the msft winter thing

:o

[stark crow]

?

regular msft swe internship

[magic swan]

is itl ike

just gap semester spring

[stark crow]

winter - april

[magic swan]

i want to gap semester but tryiing to find something i'm willing to do it for

msft strong contender

[stark crow]

I go to loo, companies tend to bend over backwards for us

[magic swan]

though idk if company is gonna be happy of doing gap sem and smudging grad date some more

[stark crow]

don't think you can do off-season at msft unless you at the very least go to a coop school

[magic swan]

not entirely conviced thats' needed

just depends on place

oh msft

yeah

i've seen apple have these winter internships more commonly

[stark crow]

Most of the people you’d see there would also prolly be from loo

Lots of 8-month hw interns

[magic swan]

8 month

not worth

[clear grove]

more than some lmao

[magic swan]

is that actually true

tbh i still feel like ivy schools are unbeaten

[final forge]

dam I thought you'd say cornell fs

put some respect into darmouth smh

[floral locust]

It depends what you’re trying to optimize for

If u wanna go to grad school/do research or do u just wanna go to industry

[hallow shoal]

shitting our our school tgt

[clear grove]

loo research is pretty top tier

loo/mcgill/ut all solid

yeah ofc

yeah

[hasty hill]

test

[barren steeple]

test

[stark crow]

In terms of industry alone it’s def up there or better, but they’re tryna get their research cred up too nowadays

[rose holly]

wagon man is here

[magic swan]

if ur talking about industry alone then it does make enough sense

just having good cs department doesn't matter that much in jobs

[fringe flint]

Ivy or T10 is not necessary

[scarlet vine]

It matters somewhat

Mostly for resume screen

Also @stark crow is at loo therefore it’s a T1 school

QED

[stark crow]

So true mr hexis

The real T1 is the one within our hearts

[fringe flint]

I go to arizona state, a school with a negative rep, and top companies in every field are filled with asu grads 🤷‍♂️

[thorny gate]

swe interviews hard as shit bruh. only straightforward thing is LC, but then theres all the OS and sys design

[neat junco]

Does anyone use headhunters such as Selby Jennings to find ng quant positions

[broken thorn]

why is this so downvoted

i think its a cool question

and a ||greedy algorithm|| works thankfully

www.quantquestions.com

[final forge]

only because standard coins have nice properties unless I'm missing smth

[broken thorn]

ye

same goes for min coin change problem

[final forge]

yea that's what I used to deduce the later

don't remember what nice properties it needs tbh

probably smth recursive about making change using a smaller subset of the coins

[broken thorn]

i can think of like 3 properties but i can also think of counterexmples to all of them

[tulip sapphire]

“In coins” isn’t the best wording, I’d prefer “in total value”

Cuz rn it’s unclear if the answer is ||1.19 via .25+9*.10+4*.01|| or ||.99 via 99*.01||

*Cuz rn it’s unclear if the answer is ||1.19 via .25+9*.10+4*.01|| or ||.99 via 99*.01||

yeah "in coins" makes you think they mean the cardinality or amount of coins

[final forge]

says most money not most coins, so imo it's reasonably worded

easy to misread and maybe not the best wording, but I don't think it's ambiguous

[tulip sapphire]

eh you maximize the money either way

im just saying why it's downvoted

[tulip sapphire]

but the fact you say this implies the answer is ||1.19||

i was genuinely unsure until you said that though xd

id def ask for clarification if i was asked that in an interview though

[final forge]

idk if you told me 10 $1 is more money than 1 $100 I'd say ur wrong lol

I don't think the wording actually means cardinality even if it's easy to misinterpret it as such

[tulip sapphire]

ah ic yeah it's unequivocally clear but still easy to misinterpret as youre given the additional constraint on number of coins

would be much better if they took out "in coins" and just said "where you can make denominations with a quarter which is $0.25 a dime which is $0.10 etc"

which also has the perk of being more accessible to people not from the US

[final forge]

or just value as you said. defining actual coins is thorough but eh most people probably have the context

not tryna write sat questions or smth

[tulip sapphire]

there's lots of smart people from Tsinghua/IIT who'd fail that xd

my university's discrete math exam got canceled for not including that one time

🤡

[final forge]

huh TIL china has 2/20 yuan coins

[tulip sapphire]

i wonder what percent of this channel is asian

probably >50%

[final forge]

"what denomination of coins are available" is a p fair quesiton

like do you include half dollars

[tulip sapphire]

they r kinda extinct now

there also used to be 1 dollar coins

my mom has a bunch of those

[final forge]

ya but that is excluded by this question I'd think lol

or inf if you don't consider a 1 dollar coin to be breaking a dollar

[tulip sapphire]

that'd be a funny af answer if you dont know what the denominations are and ur interviewer wont clarify

but if they wont clarify then they r probs HR and dk shit and will just mark it wrong

i dont get why they have HR people asking you that shit

OAs are much better for that purpose

[broken thorn]

the true answer is infinity one dollar coins

you cant make change for a dollar woth them

[barren steeple]

do u know if 2sig blacklist sw interns or do ppl hear back the next year after failing

[gritty crag]

anyone know if sig is still hiring

[lyric loom]

https://tenor.com/view/dog-smile-happy-good-boy-dog-smile-happy-good-boy-gif-21703225

[drowsy spindle]

Did you get rej after final??

[celest anvil]

@floral locust Hi sorry for pinging you, but may i ask if you have resources to prepare for “optimal strategies” or EV game questions for JS trading interview?

[barren steeple]

phone

i got a suoer u lucky question

[floral locust]

I didn’t rly study for it and frankly idt studying helps that much, ig u can look over game theory principles and Kelly criterion for related topics

[celest anvil]

I have some JS's glassdoor questions. May I send a friend request and pm you those (infrequently) with my thinking and see your thoughts as well?

[rose holly]

just send them in the channel bruh

[floral locust]

^^^

[stark crow]

mr @scarlet vine I remember you were talking about cit’s office in Toronto? Did you find out anything about it? Can you ask to return there FT instead of US locations?

[scarlet vine]

You can ask but almost no chance they’ll let you

It’s pretty reserved for people with more experience

And people with visa issues

250k

Was 225 at first but I asked for more

[stark crow]

Nah not yet

[stark crow]

Ooof rip yeah idk if it’ll be worth going then

What’re the chances they expand Toronto office by 2024

I guess technically I have visa issues bc I can’t go on TN visa

[scarlet vine]

They won’t, they’re only gonna be expanding Miami office for now cause it’s hq

Dw Toronto salary is less unless it’s a visa issue

[scarlet vine]

If you don’t get an H1b then you’ll prob be allowed to work from there then

[stark crow]

Rippp, salary isn’t an issue I just wanna be in Toronto FT

Welp guess that’s one more thing to think about

[scarlet vine]

Always worth a shot asking

Or there’s Drw and tower that have mtl offices

Not Toronto but still Canada

Also I’d say it’s very team dependent

Like if you’re entire team is nyc they’d want you to be in nyc for new grad

But if your team is very spread out or partially remote they prob won’t care

Get the ft return offer then ask your team lead directly

[stark crow]

oui oui baguette

[stark crow]

yeah that makes sense, alright I'll wait until I'm further along in the process ty

[quasi orbit]

apparently my millennium interviewer was a vp at de shaw

[royal forge]

@rustic wind Preparation is spelled wrong in ur table of contents btw

😄

[royal forge]

@rustic wind ur in the LS server 😂

fellow church member

[royal forge]

😪

[floral locust]

why only js and hrt? would you be recruiting for eu roles or also be able/willing to work in us?

[floral locust]

the cool down period is usually just for the year right?

would u recruit for js qt or qr?

js will probably make u go through the internship first except for special cases

[barren steeple]

do u know what milennium newgrad comp is like

[rose holly]

offer details? (TC)

[hasty hill]

[fast gazelle]

[floral locust]

Imc us base is 175 for qt

[long raft]

The recruiter at my place told me yes. But they reeval every year to stay competitive (but I figure also to make sure they don’t overpay)

You are currently an intern at IMC Europe?

[rose holly]

Trading firms pay is not great for swe please stay in FAANG

Less competions

[royal forge]

😂

[long raft]

Honestly just try to schedule Interviews with others and tell them you have a Deadline That is due [actual Deadline - 5 Business days]. If you get an offer you can still Go with others. But if you really like your Team and Money is Not an objective stay But i would still Interview with others to see what’s out there. You never know what happens

[scarlet vine]

For most companies yes

Almost always

[scarlet vine]

Do you know for qr

[floral locust]

no

[frigid zealot]

Peeps who got in as Quant SWE, do you guys have like low-level OS/Networking and CPP projects in your resume?

[barren steeple]

is there any reason quant firm swe salaries blew up so much in the past few years

i feel like most firms used to pay similar to tech couple yars back, outside of the top tier ones

but now even the mid tier firms pay much more than tech

as far as new grad offers

[floral locust]

they make more money

so some pay more

because some pay more other people pay more to stay competitive

meme stocks go brrrr

[barren steeple]

great

[final forge]

ehh I haven’t been paying attention to this space for that long, but mid/low tier trading cos aren’t that phat

[floral locust]

What is low-mid tier even

[final forge]

er dm

[broken thorn]

tech isnt meaningful tho

in finance i am actually providing liquidity

[final forge]

^^

I’m willing to put in 50hr work weeks to make the world a better place

[floral locust]

Rip

[final forge]

Meh that doesn’t even sound crazy diff from prev standard offers. Cit pays the minimum they need to in order to hire u lol

[nocturne estuary]

ok me and WHO wearing this to the citadel final

[nocturne estuary]

Damn all of you really fake love out here

If you get quant you’re loved if you shitpost you’re just a nobody

https://tenor.com/view/방탄-bts-사랑해-미남-석진-gif-15730280

Those statements are uh

Contradictory

[frigid zealot]

Is 2s really 450k ng?

[scarlet vine]

Same

Applied to 23 tech companies and 7 quant companies, have 1 tech interview and 7 quant interviews

Very confusing

[old shore]

that may also be a product of the hiring crunch

for tech

but yea still really bizarre

[scarlet vine]

Possbly

2s is 450?

No way haha since when

[old shore]

levels fyi says otherwise lol

caps out at 300k for ng swe

[scarlet vine]

You can’t base it off other companies

I don’t think 2s will go past 325 for 2023 ng swe

[scarlet vine]

Yea this sounds more right

Even trading I doubt they’d pass 350-375

[floral locust]

2s qr can get to 600

mb higher

[old shore]

yeah im sure qr is higher

[scarlet vine]

Yea qr is very different

[floral locust]

2s doesn't have trading so i thought u were referring to qr

[scarlet vine]

Qr is 100k higher as a general rule

Ofc different based on company

[floral locust]

yes

[old shore]

goes down to 100k

[scarlet vine]

Prob heavy

I feel like that’d be a huge sign on to hit 600

[floral locust]

the 2 people ik w/ high 2s qr offers were giga ultra cracked tho

[scarlet vine]

Because their base is very low

[floral locust]

like they couldve gotten similar numbers elsewhere for qr

[scarlet vine]

Typically at least

[scarlet vine]

Was it negotiated with others then?

[floral locust]

unsure

[old shore]

thought hrt did

[scarlet vine]

Optiver if you don’t get fired

I don’t think hrt does

[floral locust]

optiver us cut rates aren't horrible

optiver eu is like 50% yr 1 for trader 💀

[scarlet vine]

Not for return but I’ve hear bad things about external hires

[floral locust]

it's like 20-25% for external

[scarlet vine]

Rippp that’s terrible

[scarlet vine]

Still bad but not as bad

[floral locust]

my prior is that majority don't have prior trading experience tho

so if u come in w/ a prev trading intern u probably fair better as external

[scarlet vine]

Yea that’s very true

Also it isn’t bad for senior hires

Only really ng

[fast gazelle]

squid games

[wheat isle]

What should I be reading to study for Quantitative research interviews / OAs

Also how hard is it to get past resume stage for those roles as new grad

Yeah I'm a junior. I was thinking for next season

kk thanks a lot. I already have the leetcode portion covered luckily and some of OS principles/parallelization and have been reading through the green book a bit

I'll copy this message and try to see how much of this stuff I can get through by next season. I was also wondering what I can do from a resume stand point to boost my chances of actually getting an OA. I have FAANG and a unicorn on my resume but idk how much that helps really. I also know I should learn some of the tools and probably get some data analysis projects on my resume

There aren't nearly as many quant firms as there are SWE companies and roles, so I'm kind of worried about putting in this effort studying and getting nothing

should I list other math classes like real analysis and more mathy courses?

if I sped run the textbooks above in a month I could apply by early January and have any shot at OA

[floral locust]

by jan idt many places will still be interviewing

[wheat isle]

next season then 👍

[floral locust]

also finishing these resources seems a bit overkill for all the oas

[wheat isle]

I mean idk how dense the content is. I know the greenbook is quite dense. It'll be something I'll do in my free time since I have Spring and Summer internships lined up at companies with pretty good WLB

Maybe not finish, but I'll get as far as I get with the time

[obtuse flame]

Would be devastating if you get cut as a trader and you only have Trading exp

Like literally go from rich to broke

[trim raven]

Is a lot for math/stats knowledge needed if you're trying to recruit for swe at quant?

[floral locust]

not rly u just go somewhere else

also if ur not cut out for trading u shouldn't force it

[obtuse flame]

Yea ig in cases where you just keep failing ft trader interviews

[floral locust]

?????

it's easier to name places that don't hire ug qr's than places that do

js hrt cit imc drw tower headlands tgs 2s desco all hire ug qr's

and more im not thinking of

[barren steeple]

i thihkn all the big firms do

[floral locust]

someone ik got a qr offer out of ug

uhhh they might help u get an interview but don't confer any benefits during the actual interview process

[wheat isle]

Yeah representation is more MS/PhD, but I've heard still typically like 20-30% UG

[floral locust]

imc qt is their qr role p much anyways

[fast gazelle]

do most well known firms (like js, hrt, cit, jump, etc) hire external new grads for swe

or are there notable firms that basically only do intern conversion (little to no external)

I’m not a senior tho

[vocal flint]

wow first time i've seen a 2s defender here

[scarlet vine]

Don’t think it’s much higher this year

Like idk when I think of top paying quant firms 2s isn’t one

They won’t go 200 base

And their bonus is okay

Yea definitely

But 165 base is really lacking

Assuming it’s still that

It’s really low

That really depends on the team you’re on

The wlb I mean

You could easily end up on a shit team there

Yea but that’s cause it’s a cit offer

Everybody who tries to negotiate with a cit offer gets the exact same response

“We won’t match salary but we have better wlb”

Which is not actually true in most cases

I mean most companies

People think cit is way worse than it is

For swe at least

For trader gg

But swe/qr is not actually bad at cit but blind/Reddit makes it seem so bad

[stark crow]

what is your opinion mr hexis

[scarlet vine]

For how much more they pay, the extra 5-10 hours a week is worth it

[stark crow]

also are we talking cit or citsec

[scarlet vine]

Either one

Citsec better than cit

For sure

But overall it’s not nearly as bad as people think

[stark crow]

what's the typical ballpark figure? 45-50 hours for cit?

[scarlet vine]

I think 50 in office is reasonable, how much of that you actually work is up to you

But it’s also cause most people do 40 hours

9-5

But if you stay until 7 you get free dinner

So why not stay the 2 hours

So you end up being in office 9-7 and not paying for dinner and getting an Uber home

[stark crow]

bc my interviewer said the food was terrible

[scarlet vine]

And paid almost 100k more base salary

(In the case of 2s at least)

Yea but it’s free

Yea it’s delivery for dinner and catered for lunch

I think there’s like 5 people in that office

It’s not an office you can work at as a ng

[stark crow]

what's attrition like mr hexis

[tulip sapphire]

fr i determine tier by how much they pay lmfao

[scarlet vine]

Citsec is fine, cit is bad

Recurring based in first year is a bad metric

Cit higher base and higher bonus scaling

And base is percent increase annually at both

Like you want a lower guaranteed first year bonus

Higher guaranteed isn’t actually a good thing

[rose holly]

wait

et ceterus paribus you want a higher first year bonus

do you mean like at a fixed TC you'd rather have larger base than bonus?

pls let me use my fancy words

[scarlet vine]

No for a first year offer you’d rather have a higher base

Like I would negotiate money off my guaranteed bonus to my base

Or sign on if they won’t do base

Guaranteed first year bonus is a scam

Assuming you negotiate cit cause they’ll go 250 regularly but 2s won’t go past 165 most of the time

Was going based off the numbers I got at both for similar roles

[tulip sapphire]

not given if youre fired/leave the firm and is not given on non-completes

[scarlet vine]

Not only that but typically first year guaranteed is also expected, very likely that you’ll get close to or hit that number without guarantee so you’d rather have it lower and base/sign on higher because you’ll prob get it anyways

Also for most (not all) firms the first year bonus is for the year you actually start, and since you’ll start in august/September you’ll get it prorated

So if you get 150k guaranteed you actually only get 50k of that

So if youre negotiating and you move 50k from your guaranteed bonus to your sign on you’re actually taking home 33k more

Basically you wanna max base and sign in because you’ll prob make that guaranteed bonus anyways and even if you don’t it’s prorated so whatever amount you miss out on is slashed by 67% anyways

[latent coyote]

Yo can I ask what u got on the codesignal?

[floral locust]

have u talked w/ options group mfs too?

headhunters make so much money from each candidate lol

[fringe flint]

IMC is filled

[long raft]

Thx Gavin! 🙂

[bright topaz]

I wonder if anyone here works at my firm

[floral locust]

Yea

Most are inactive tho

[bright topaz]

Anyone in nyc ?

I need to make more quant friends

[floral locust]

Did u start yet?

[scarlet vine]

What firm are you at

[bright topaz]

Oh I’ve been working FT for the past year

[bright topaz]

I’m more of a quant developer than a trader

I’m in IB

[floral locust]

I tried doing ib but too hard to get interviews

Have u interviewed with radix qr btw?

The behaviorals are too hard

I failed optiver cause I was sped on behavioral

Ur overqualified for Optiver qt

And us qr is PhD only

Reserved for the real quants

Unemployed chilling at home recruiting

😎

No, I’m tryna get my flights comped rn tho lol

I got kicked out of the ftx slack

I worked for alameda lol it was weird in the first place I have access to the ftx slack

Considering the exchange and mm should be separate

Like kalshi is quite strict in separating exchange and mm

Both

No my friend did, he got like 20/hr 😎

[bright topaz]

I got lucky with mine

I got laid off from my last job

Posted on LinkedIn

Recruiter reached out

2 weeks later job offer

[scarlet vine]

You were at alameda?

[bright topaz]

Now I’m a fucking finance bro

[scarlet vine]

That’s sick haha

[floral locust]

false I do trading interviews cause there’s a lower knowledge bar than qr and swe

Just go to like tower or jump and lead a team after 5 years lol

[bright topaz]

Ya i wanna leave quant after a year or two

[floral locust]

Make bank with your 30-40% PnL cut

Ok? Tower gives 40% PnL cut for a team

That’s y so many cracked people go there

Eat what you kill, so if you’re good it’s good to go there

Just start a crypto exchange

And steal user funds

The 3ac guy zhu su was a shitter at flow

[lost stratus]

what is 3ac?

[floral locust]

Then started 3ac and is so rich even after they blew up

I heard he was mid, but mid at js is probably still good

Caroline was quite good I believe

Js wanted her to help start up the crypto desk in like 2018 and she’s like nah and dipped to alameda

[rose holly]

Right choice

She made 1000x what she could have made a JS and apparently she is not going to jail

[floral locust]

I mean idk how much money she has left

Also the choice being right or not depends on ur utility function

And how much u weight EV vs security

[rose holly]

No way, that's a shitton

[rose holly]

Just be friends with current government I guess

[nocturne estuary]

i mean joining alameda was a smart thing to do

i think

entrepreneurship > doing something for someone else

but i guess the shady illegal stuff is what the problem really was

[floral locust]

The question just boils down to how u weight EV vs variance

Also how u weight wlb

[nocturne estuary]

its not like JS wouldn't want her back tho probably

i dunno actually

[fast gazelle]

jane street crypto rugpull when

[nocturne estuary]

not right now they wouldn't but if she left to work at Alameda and then it didn't work out for normal non-illegal reasons they maybe might

[broken thorn]

i saw a clip where she says her strategy doesnt involve a lot of math

isnt that a red flag

math is good

[royal forge]

she studied math at stanford bro 😂

[floral locust]

She also got like top 5-10 at hmmt iirc

[rose holly]

Isn't their strategy just a scam lol I don't think you need math for that

[royal forge]

no

[floral locust]

Their day to day trading seemed relatively profitable when I was looking through their trades

They were consistently making like 1mm a day, but again didn’t dig too deep into the actual trades or how they marked PnL

[royal forge]

is this publicly available or no?

[floral locust]

No

[royal forge]

ah ok gg

[long raft]

Companies give you so much confidential info before joining?

Like what if you don’t join… now you basically know a lot of sensitive info

[broken thorn]

i not doubting shes cracked at math, but if she doesnt use the math doesnt matter how cracked she is

[floral locust]

I worked there…

Linear regression all u need 😤😤😤

[long raft]

Oh sorry I thought you saw those numbers before joining and then Decided based on those numbers to join

[broken thorn]

is that good or bad?

[floral locust]

How much they made is public info

[floral locust]

Alameda made more than IMC in 2021

Supposedly

[broken thorn]

and 2 sigma

[floral locust]

Maybe not since it was actually like -7 bil

[broken thorn]

2 sigma is the safest place to park your money. guaranteed way to turn 1000 dollars into 1000 dollars

nonlinear regression

[floral locust]

What is alt data

I see the term sometimes but don’t know what it is

Hedge fund moment

Look at weather patterns to predict nat gas futures 😎😎😎

[broken thorn]

count the number of underground nuclear tests

using fourier tranform!

[floral locust]

2s will ask u to implement fft from scratch now

[broken thorn]

are you implying we have negative inflation rn?

my message has them at 0%

[fast gazelle]

i bet i can make more money than 2s with xgboost

[broken thorn]

i can make more than 2s by making an iron condor that google stays between 500 and 2 dollars

[floral locust]

How should I refresh lin alg for qr interviews? Current plan is browse through gilbert strang book

Isn’t bridgewater printing this year?

[broken thorn]

is it insider trading to do stock buybacks before a good earnings report

since its the company rather than a ceo

[floral locust]

macro punter seems fun

Put on size 😎😎😎

[rose holly]

https://www.forbes.com/sites/jeffkauflin/2022/11/21/ftx-and-alameda-research-lost-37-billion-before-2022-bankruptcy-filing-shows/?sh=1a88739b2ce0

I have no idea of what exactly happened and if that guy is a scammer and what happened to all the money

[floral locust]

Oh this guy wanted to interview me I’m p sure

I ghosted him tho

[scarlet vine]

How long were you at alameda

[floral locust]

2 days

[scarlet vine]

Rip actually

You were a ng?

[floral locust]

yea

[hazy orbit]

Are you the one that wrote the word document or whatever that some articles had

[long raft]

Can you actually keep the sign on Bonus? (If you Even got it already)

[floral locust]

i didn't get it

[long raft]

Can you request it from the liquidator? Didnt really follow all the details 😅

[floral locust]

im not eligible to receive it

[floral locust]

Sid?

2s is good they have a nice culture and good wlb

[lilac echo]

has anyone got to the zoom interview round at sig?

for trading intern

[lilac echo]

i'm not sure they didn't say it was the final but it's the one after two phone interviews, but its a zoom interview with one of their traders

[obtuse flame]

Sigma

[lilac echo]

oh weird my email didn't say anything like that

[obtuse flame]

https://tenor.com/view/chad-monke-gif-20835999

[lilac echo]

what was your interview like they said mine would be 30-45 min with technical and behavioral

was your second interview with the trader

bc they told me mine would be but then it ended up being some hr person so I think they might've messed up

also did you get an offer?

[floral locust]

they probably added an extra round for u

could be cause the ratio of candidates/open seats is too high atm so they need to thin teh field more before final

this typically occurs later in the szn

imc made me to 2 extra phones last year cause i applied super late lol

[lilac echo]

yeah that makes sense i scheduled my first phone interview kinda late

how hard was this one compared to the first call

okay cool appreciate the help

[floral locust]

the questions aren't bad at all

i was an absolute sped 2 years ago so i bombed the behavioral during final lol

[timber quartz]

The pitfall of all cs majors: socializing

🥲

[nocturne estuary]

ALL QUANTS ARE THE SAME

THEYRE ROTTING MY BRAIN

THINK I NEED A CHANGE

BEFORE I GO INSANE

10 LEETCODES THEY TOLD ME IT WOULD TAKE 10 LEETCODES

TO GET AN OFFER OH NO IT DIDNT

FUCK TRADING IMMA GO FOR SWE

[nocturne estuary]

Oh yeah well poach this egg

https://tenor.com/view/poached-eggs-breakfast-egg-yolk-gif-3282600

are you the person who took a bite out of my tire

[tulip sapphire]

It’s a copypasta bro

[scenic bison]

you aren't funny nor creative, it's quite sad to view your day-to-day behavior from afar and seeing you think you're being funny. you're an embarrassment to the art kiddo and you should stop trying as soon as possible. it's people like you that make the future of jokes or memes so incredibly dry and empty. I highly recommend you to never post another message in this server, not just for our sake but also for yours.

[tulip sapphire]

I’m crying

[fast mountain]

Pretty rude 😦

[royal forge]

😂 😂 😂 😂 😂

[sand heron]

Hey, do you know when one should apply for a 2023 fall internship at citadel/citsec ? and do you know other quant firms that propose fall internships ? tnx

[hallow shoal]

Cit/cit sec fall is already open

[broken thorn]

in a magic the gathering draft there are 24 packs distributed evenly among 8 players. the order of packs opened matters. how many distinct ways can you distribute them for a unique draft?

my guess is ||24! since the order matters and players matter, so changing any two packs should make the draft different||

(they sit in an 8 person cjrcle and in 3 rounds open a single pack, the pick a card and pass the remaining cards to the side

[safe trout]

The picking a card makes it like 120! If say 5 cards a pack

Actually the calculation for that is worse since pack cards have to be contiguous

[broken thorn]

i dont count unique packs

cuz

packs are 15 cards and sets are like 280 distinct cards of different rarities

so the number of packs u can make are somewhere near order 100^15

[barren steeple]

i dont think so

i couldnt find

they only have summer on website

[hallow shoal]

if you apply summer and you get past resume screen, they ask if you want to do fall or spring

[stark crow]

^

[royal forge]

getting past resume screen 😐

[hallow shoal]

can't help that one though 🤷‍♂️

[thorny gate]

in cit onsite they said fall winter is only for loo kids

[stark crow]

Fuck loo kids fr

[royal forge]

^

😂

[hallow shoal]

not true. Had a friend with Jump Summer. Got offer for Cit Fall

[proud bone]

yea not true, ik uiuc has a fall/spring program with them where they work part-time

[stark crow]

They prolly meant full-time/16-week internships

Orrr there’s just so many loo kids off-season the person who told you that just assumed it’s only for loo kids

[timber quartz]

Have a friend at UT doing cit fall so there’s another datapoint ig

[thorny gate]

yeah ik people who did it too but idk why recruiter said that

no one told me I asked the recruiter lol

[thorny gate]

oh rlly has anyone gotten this email yet

[timber quartz]

Ye they ask before phone what season u want to do

[long raft]

Doesnt Jump also have non compete for internships?

[hallow shoal]

i don't think so? Not for Swe's at least

[long raft]

Oh I thought I read this once but could be wrong 😅

[scarlet vine]

Nah that’s not true

Any school can do it

[barren steeple]

oh cuz last year they had a seperate fall internships

[lost stratus]

Has anyone here interviewed with dv trading

[long raft]

Hahaha How do you get them to waive it? 😅

[nocturne estuary]

why, just push citsec to offseason

then make time IMO

graduate a year later or take summer/winter classes

i dunno i always feel reneging is a last resort sort of thing

like for JS which only does off season for coop

if you have summer return from DRW/IMC/Optiver it shouldn't be that bad

[floral locust]

Just do the intern and recruit ft

Hachiyuki join csmajors

[nocturne estuary]

people throw reneges around here

csmajors was so cancer last night

[floral locust]

More trolling

[nocturne estuary]

istg some people are serious there amidst the trolling

[floral locust]

Plays overwatch

[nocturne estuary]

i think depends on the firm, Optiver renege for CitSec probably more easily just cause Optiver doesn't seem like a great place

DRW and IMC I think i would too cause i am from NYC and having a bigger NYC office is probably nice plus more money at citsec

so it doesn't depend on the firm

but it would be easier if it was optiver

Testosterone levels are extremely high on Optiver's trading floor: compared to 119 men at the Amsterdam branch, there are only two women.

[floral locust]

Drw is similar ratio

[nocturne estuary]

New traders undergo an intense training programme to set option prices and, according to the court ruling, these included setting prices for dick pics, the salaries for female porn stars and the most expensive bras. To celebrate a good trade, music with sexual connotations, such as ‘Jerk it out’ and Bitch2 were played, while traders took clients to strip clubs. Company drinks parties were known for their excesses, so much so that the company’s two female traders stopped attending them.

Read more at DutchNews.nl:

[nocturne estuary]

yeah sad but thankfully i am not in the gf market

[floral locust]

Y would job ratio matter for finding a gf

[nocturne estuary]

yeah uh optiver is definitely not high tier anymore

[floral locust]

Most of the optiver interns had p good opinions for us

[nocturne estuary]

i dunno but online dating is scary (never done it) and yeah

[hallow shoal]

???

[floral locust]

Acc to the optiver interns who interned at js after at least

The cultures gotten a lot better the past few years

[nocturne estuary]

i mean hopefully cause that dutch news article has some wild claims

https://www.dutchnews.nl/news/2021/04/optiver-told-to-pay-female-trader-over-e400000-in-harassment-claim/

[hallow shoal]

damn

[floral locust]

Optiver us dne optiver ams

[nocturne estuary]

i dunno still the same name and vibe and company even if they act as different entities

[violet glen]

what a mess

ehh maybe the company culture changed but many of those people r still there for sure

[floral locust]

how fucked am I if I end up at js from mit

[fast gazelle]

if you end up at faang from mit you’re mega fucked

[faint moon]

failure

[hallow shoal]

gg

[rough basin]

btw optiver is very open with this

inhouse

they admit their failures and have since changed a ton of stuff around. at least so they said

havent been there long enough to know yet

[floral locust]

The are

I was sped for the behavioral on final

[violet glen]

destroyed my copium for failing optiver interview 😢

[rough basin]

lmao mb

can always try again next season ❤️

[sleek herald]

any idea on how to recruit for off season? looking for fa23

[last herald]

^ if I stopped interviewing/got rejected at companies that combine summer/fall/spring recruiting (citadel, etc.) am I able to re-apply for off-season?

also, are there any off-season trading internships that are not school specific?

[barren steeple]

pls dont 🥺

just me personally ig but i would rather do atleast drw/optiver over citsec

just feel like it would be a lot chiller

but less money ig

[tulip sapphire]

Holy fuck this is way worse than i heard

Hmm even for Amsterdam those numbers deem sus

[floral locust]

This seems reasonable for a few years ago

Base increases haven’t been until recently

[tulip sapphire]

Who was the first to start increasing their base?

Like radix has been 150/hr consistently and no one said anything

[floral locust]

Yea idk like 2017 most places were like 150-200 ng

With some outliers obv

[tulip sapphire]

I think HRT was like where most of my friends heard about quant pay

From ft bonuses actually

[floral locust]

Yea I figure js, hrt, 2s, cit would be the most famous amongst the uninitiated brainiacs

[hallow shoal]

Til that the guaranteed bonus is prorated 😂

And you only work like 1/4 of the year

[barren steeple]

even in like 2019 cit was paying new grads like sub 300

[broken thorn]

prorated bonuses are a scam even after year 1. its just a way to give someone a pay decreasing without changing salry

decrease

if u get part of bonus every paycheck its just a salary

maybe i speak wrong word. but some people get part of bonus evey 2 week

yes

u r corec

[long raft]

Idk How it’s Not but according to Levels amsterdam seems to pay around the same Base and only Bonus is different. But we have few Optiver People Here maybe they care to comment.

75k€ Base in Amsterdam is Quite good tbh

[broken thorn]

yes

[floral locust]

Sheesh cit 2020 glowup ig lol

[broken thorn]

id be happy to get anything above min wage in yurop (derogatory)

[subtle pumice]

What does comp progression look like past year 1? I feel like I only ever see data for first year that includes signing bonus

So it seems inflated

[floral locust]

firm dependent

Also perf dependent

[subtle pumice]

Oh makes sense

[broken thorn]

the vibes i have got is that its so variable that it doesnt matter

like if u cracked u make bank at most places

what is teh antonym to cracked? thwacked?

[subtle pumice]

Right, like being cracked at a lesser known firm would probably net you more than being a low performer at Citadel

?

[floral locust]

Idk

It’s a catch 22

YOE is probably anti correlated with time spent on here

[subtle pumice]

Lol very true

I was just trying to find a ballpark, I know so little it seems like it could be anywhere from 300k - multi millions a year

[broken thorn]

the oldest person here is techie (2020 graduate)

[rough basin]

nah tahts optiver pay in amsterdam

base 75k, the rest is all marbles

but growth is exponential

[floral locust]

Cut rates are also brutal right?

[rough basin]

for traders i think they're somewhat high yes

the rest seems much more chill

[floral locust]

Eu kinda carried 2020 and 2021 right?

[rough basin]

makes sense tho, if ur a trader loosing hundreds of thousands, i wouldnt wanna keep u as well

[floral locust]

Yea I heard 50% yr1 for trader so just wanted to check

[rough basin]

dont actually know that specific

yeh that sounds about right

in amsterdam ur first contract is also just 1y

bcs employee laws are so strict

[floral locust]

But then conditioned on surviving ur probably making a lot?

[subtle pumice]

Is it a lot harder to get ng quant offer if no quant internships?

Or still doable

[rough basin]

only once u pass that year will u get indefinite contract

[rough basin]

oh yeah

240k bonus is entry level trader at low marble value

[floral locust]

Interesting, do u know if IMC ams is similar?

[rough basin]

usually traders start their 2nd year with 400k+

[tulip sapphire]

it's also evolving rapidly

[floral locust]

Eu?

[rough basin]

yes

[tulip sapphire]

so even if you knew, you dont have a strong prior that itll stay that way

[floral locust]

wow that's like same as us or might be faster

[rough basin]

heard chill culture but lower pay

[floral locust]

cause us caps first 12 months to no marbles

[rough basin]

thats why i said 2nd year

😛

first year u have a fixed salary

2nd year u get marbles

but u start at 100 as a trader

so depending on the marble value u can make a fuck ton of money

[floral locust]

wtf that's nuts, opt us you start at like 50 right?

[rough basin]

if you'd started as a trader during covid record year you would've printed money

[rough basin]

pretty sure it changed to 100 this y as well

or well, offers for next year that is

[floral locust]

rip 2023 offers

[subtle pumice]

How much is marble value approx range 🤔

[rough basin]

nah i ment 2023

[floral locust]

yea avg performer who started in 2019 made a lot

[rough basin]

heavily depends

[subtle pumice]

Or is it like a piece of the profit

so entirely profit dependent

[rough basin]

i think avg is 3-3.5k atm but its constantly growing

record years go 6k+

btw all of what im saying is stuff already posted online

wont spill any private stuff 😛

that was gone too fast i couldnt read it

lmao

but im sorry that happened, or happy, whatever it was

[floral locust]

lolol

[subtle pumice]

👍 thanks for sharing, sorry I couldn't find it even though it was online

[rough basin]

dont worry lmao

[subtle pumice]

Oh I see lol

[rough basin]

but yes its profit sharing

that's whats cool about optiver

[subtle pumice]

High ceiling

[rough basin]

if the company is printing money, you are printing money

[subtle pumice]

That makes sense

[rough basin]

and marble value historically has increased quite nicely

in the past 10y optiver has grown 30x or some shit like that

[subtle pumice]

Wow

[rough basin]

also if ur a good trader with 400-900 marbles ur literally printing millions each year

im swe

yeh

[subtle pumice]

Oh SWE is profit sharing ?

wow

[rough basin]

its the same system but swe just start at 50 instead of 100 marbles

yeh i mean the engineers are creating the trading infrastucture, without it no market making hahaha

[subtle pumice]

Lol no shade sorry, I don't know a lot I just assumed they wouldn't be because from what I read most firms treat traders/quant as the top line

[rough basin]

dude...

[subtle pumice]

But that makes sense to compensate them

[floral locust]

marble race

[rough basin]

during my internship, traders would make markets on every single billiard shot

[floral locust]

chwazi 😈

[rough basin]

some ppl lost like 500$ on ping pong match markets

[rough basin]

i mean that is def a thing

they'll fight harder for good traders than good engineers