#quants-n-traders
1 messages · Page 20 of 1
tf lol 🤨
im on left you're on right at the moment

more specific sucks for linkedin relevance
i dont care what my title is im putting swe for reach
i don't even know what my official title is
all faang really is similar
all big tech is similar
i agree with chae here
i would say similarly for quant firms too probably
day 2 day is not meaningfully different to care about prestige
probably
understandable but mentorship at "bad firm" vs top firm with bad culture?
bad as low top tier like a 2s or im or something
oh yeah fore sure
dw cooldown is only a year
I only want to intern for the rezzy
google is top tier resume pad
Two sigma the goal no cap
2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s2s
2s new grad or bust
mentorship is a skill issue, simply consume a local principal. raw works better
liver kings dont cook
absolutely based, i forgot that server was a thing @rose holly
sun trading is such a bad name
im sure he also misses when he had teeth
and working joints
and no back pain
👴
like imperial japan
yesterdays zoroastrainism is todays effective altruism
no shot this is jane street
plz tell me
this isn't true
ok when i get the js offer, it will still look sexy 
jk jk 
I can refer u after I get rejected 
Anyone know if cit cooldown is real
How would we know
Like if someone worked as an HR engineer at citadel and coded the if last_application < 1 year then wait
I am pretty sure it is real as well
Is the CD for interview failing or also resume screen?
is that even a cooldown
if its under a year apart thats basically applying to the same job twice
Yeah citadel cool down is a year pretty sure
That’s the phrase that gets thrown around
Something like that I dunno
has anyone recently heard back from Citadel Amplify Trading Challenge?
yeah everyone who got in was emailed already
do uk around when did they all hear back like?
like a week and a half ago or something
its been a while
someone viewed my profile from cit recently
so confused whether they still viewing apps or not
they came out early last week
ik a few who heard back then but all of them got reached out by a recruiter before the apps were out
so thought they were not part of the normal applicants pool
ig it's another rejection then😏
Doesn’t citadel always hire
Got rejected today 😦
T40, 4.0, faang and quant on resume

Cit hates me
Try being better next time
Try harder next time
Skill issue
Definitely
my fetus can crack leetcode. I am not sure he needs to be born
dude imagine you just make a career of doing job interviews just to leak them haha
My bad, I wasn't talking about you specifically
arent u the guy who got rentech
I was thinking theoretically I wouldn't be surprised if someone makes a little hobby out of doing as many tech interviews as possible
then leaking for clout and or personal profit
? why are you deleting messages
he thought i was coming for him
he also needs to hide his tracks in cuba
the fbi wants him
lol
which event? amplify trading challenge?
Wdym by data analysis?
does it make you any more competitive double majoring in applied math w/ cs or is it a waste of time you could be investing in recruiting
waste of time 
stop trying to become a quant and do a pure math phd instead
buy a cabin in the woods
I go to university of new mexico, cramer school of finance
my advisor is jimothy cramerton
what is ren tec? quant @ mad money 
i despise that they modernized the site. ruins the image
old one was so perfect 
security yes, how well they are paid, absolutely no fucking idea
yuck
it has css now

Yeah Jane Street cyber pay seems to be similar to SWE
Lol the hardest company is complete cap, also keep in mind that cuckster and dos_sigmas can be the same person
Doesn’t make sense to post since individual salaries are personally identifiable
Checks out for base
NYC transparency law is p helpful though


pay isnt crazy but u have the added perk of being allowed to invest in their fund
double it and give it to the next person
breathe c++
yep
you basically have to know every feature of c++
know every new feature from every new version of c,++
I wonder if bjarne would pass
interview is like "what feature was added in c++17 that fixed xyz, how would you implement it in c++14 if u had to
i dont know shit but vibes point toward optiver or sig
most are pretty attainable for swe
2sigma is literally easiest interview in industry
If u cant pass ur not enough of a sigma
Gotta be sigma twice
IMC is easiest I think
IMC is same question every year
sigma balls
fir swe ?
IMC stands for
I
Must
(Be)
Cracked
dm me for js, hrt, rentech, IMC, sig, optiver, akuna interview questions
@broken thorn IBDW new name shoulda been IBDC
I be doin crack
bc they’re Dutch idk
I gotchu
hits too close cuz he vivansed to the moon and back
pbj acting like he isnt getting interviews from every firm with his offer
nah the intern ik got interviews from those top firms that make you question if thats even a real company
to beeee fairrrr he also did go to t5 but youre probably still chillin your school is also quite up there
That low 
I know Simons 😎
I can believe it
it's just that most of the allure of working at Rentech is being able to use the Medallion Fund
which has consistently good returns
but without Medallion Fund comp won't beat your HRT/JS'es I'd reckon
then again nobody really knows 🤷♂️
this is also not true, there's people on LinkedIn with just bachelors there (albeit they went to HYPSMs)
I've heard of 18-round interview loops for non-PhD holders though 
thats not tc
thats only base lol
they have had their base up on their website for a while now
im sure the bonus + medallion absolutely eclipses the base, but yeah its probably not as mythical as people say

18 lmao
can you delete your account
hello
i missed my big quant interviews (hrt, sig, imc, optiver)
think sig blacklisted me after a bad phone screen
what to do now

i just looked at 5 ppl and none of them had phd
this is from one guy in the csmajors discord
I can't confirm if it's real, but I wouldn't be surprised if it was
means no
I think NGs only get one shot
for ea firm
naw
I think the recruiter doesn't want to look bad either
if it isn't outright firm policy
the first shot is kinda the free pass

why are you wazowski-ing?
theres no magic pill to get u an offer from any of those after failing unless your dad is jimothy simonton
trader except for the first
heavily doubt, the medallion fund is capacity constrained and their other funds didn't do too well, i think they even lost investors.
So any new employees bonus will prolly just be heavily determined by the other funds performance.
I see the appeal of rentec as a mathematician but do not see why someone only interested in SWE would ever want to go to rentec.
Then it doesn't really matter what company you go to, just make sure that the company has people who know what they are doing and how the industry works.
Chasing names is quite useless as a trader, especially if add the variability of different desks at these big companies.
yeah but even in hft its hard to see the appeal. Even if you do an insanely good job you are almost completely reliant on the traders profits. I guess its the same in traditional companies as well
comparatively yes but I dont see it being more interesting than faang.
maybe i have a false image of faang
Lol
I think if you like solving problems, there are very interesting problems in both industries
Tech and quantitative finance
i like eating food more than solving problems, where do i go?
i can offer solving problems in return for food
Solving problems in a quant firm leads to usually a better impact/reward than tech
Quant is imo more meritocratic than tech
On average*
join qoogle
we just make ML models to predict what fund will do the worst and do the opposite of what they are doing
You are going to get screwed by execution costs and slipperage 
dk how many trades these huge hedgefunds do on a daily basis
Btw, most quant firms provide free food
You probably just got unlucky with imc zug 
only have dinner 😦
i cant think of a single reason 
at least there is unlimited bier
color quite nice ngl
gradient W
become a pm
Did Akuna actually rescind intern?
does anyone know difficulty for 2s OA for college mentor connect
had Bloomberg q&a at uni earlier today, ppl be asking really stupid questions. This major is doomed 😭
What kind of questions
We need the sauce
one of it was, word for word: "hi recruiter, how does bloomberg filter through resumes as most big companies filter through resumes and cause our resume will not going through the recruiters?"
"hi, are u still hiring?" "yes, we hire all year round" "i just check [link] it does not currently list any recent graduate swe roles, are applications closed? and if i apply by june will i be hired?"
some guy asked "is referrals better, if yes how?" literally 1 question after someone else asked the exact question
💀💀💀💀💀
"how long does it usually take between filter and first recruiter call?"
yeah it sucks when the questions can be verified by google or are literally insane hypotheticals like
"if i was 6ft would life be diff for me"
and 5 people asked like variations of the same questions, i could feel the recruiters irking when they were like "yeah, so like we mentioned before, we're looking at ....."
oh, and my fav. "how often are entry level swe jobs posted and are they posted at specific times every year or does bb hire around the year?" literally after someone asked if they hire NG and they responded yes, we hire on rolling basis
the worst part is that it feels like they're not even listening to the answers lol
if i was .75 inches shorter would lfie be diff for me
ikr, i feel like if the questions were things like headcount capacity, how are they using certain tech or learning more about whether they have discovery events, etc. seems more valid
sadly, it's day and night for a 6' vs 5'11"
hahaha, someone did ask abt that
they were like "uhh we're hybrid, 2 days in 3 days out. we see mike bb in the elevators sometimes!"
Ask eng for wlb if u want real answers, I think I asked this to almost every eng I’ve talked to
I have learned to weigh this more going forward lmaoo
do eng recruiters count?
if you trust them, which you generally probably shouldn’t
Their job isn’t the same as eng so it’s not like they have first hand experience even if they are trying to be honest
yeah, true
i was talking to my trader interviewer who was in his first year for qt once, and asked him abt wlb. he was like "yeah we're pretty relaxed". that was probably the biggest pinch of salt I ever pinched.
thats very straightforward
though there is team dependent factors 
as in, consistently 40? 😮
Well I’ve never met someone who said they didn’t have occasional crunch weeks. And I’d feel like they’re lying if they said it never happened 
swe at trading firm
i always had the preconceived notion that swe is 40 average
Ok wait not entirely true, I could see some boomer places have almost always 40
yessnt. this will vary by company/team culture. honestly probably isnt that common in trading.
closer to 50 for trading?
id say I average 45
icic
I’ve def heard of people doing much worse/people on my team do much worse lmao
have you worked in big tech swe before?
And no not FT
quants are clocking out before them lmao
good thing im 6'0.75
so they do clock out before the 50+ hours guys, damn. talk abt wlb
actual grinders
@final forge i look like a schizo talking to myself 
I’m not getting outed irl sorry buckeroo
fair enough

Yh cuz you’re higher up
lecture videos are locked to CMU students. Do you know if they are hosted anywhere else or if they are shared publicly?
thanks!
wait does does cmu have a good compilers course? 👀
university gapped once again
maybe I shall return to school
lol 
burnout real
they mark questions as u answered when u don't manually map each page of pdf to eacj problem
are you okay? your spelling is a bit off but assuming you meant unanswered then yes that is intentional as the grader shouldnt have to look for your answer which takes all of a minute to select
yea all my classes require marking pages
some will just give you a 0 if you mess up (and it's not regradeable)
You guys help with interview questions here?
how’s belvedere trading
we have a discord if you’ve accepted
Their oa seems fun
sanitary work*
how long was apply -> oa
I always round to the nearest int
so 3 in this case
Nah u round to the nearest tens
so 0 in this case
i found a Linear Alg discord study group server if anyone interested
they are going thru a textbook and associated online lectures and talking about it
just starting this week
Hi Friends - starting a Linear Algebra Study Group (Strang's book) starting next week on discord. Let me know if you want to join :)
the interviews are just impossible though
I wonder what's the ceiling contribution in medallion for employees
ft
Is that ken
lol it's actually named that
150m and u get the adcom office named after you
nice
Why he look like timothee chalamet tho
he pretty
Good school
anyone thoughts?
i thikn it is
I legitimately think it’s a troll website
Or that the way they calculate prestige from user feedback is too flawed
Also it’s just toxic lol
gonna pull a goku for a moment
🤨
What u mean?
this concludes my goku arc
😂😂😂this is hilarious but UI is nice
jump trading is 3rd...so you know who it is
and roblox went from top 10 to like 30 in a couple weeks
depraved lmfao
Can you actually speak?
Maybe you should practice
Communication is like LC
It's trainable

too many words
⚰️
No not to put in discord
Just reading it
Too taxing
Don't expose me like that
mine is the deepest
now look at my username (not my nickname)

Akuna intern rescind https://www.reddit.com/r/csMajors/comments/10vjcp2/akuna_capital_intern_offers_rescinded/
They rescinded ng SWE offers and laid off SWE and IT ppl so I wouldn’t be surprised, only source for now
Only Akuna afaik
It’s internal politics too so kinda an edge case
anyone know anything about jpmc quant interviews
why do you ask?
Yea it’s p good
U should also check out Dynamic Markov Bridges and Market Microstructure
anyone know if possible to go from full time faang swe to trader
Harder than the other way around for sure
Pretty sure they don’t care though as long as you pass the rounds
they probably prefer to hire from intern class though right
Yeah probably but it’s not impossible I guess
I’m pretty sure internships have awful RO rates
For trading
From what I’ve heard yeah sometimes I feel like it’s very profit dependent at some firms especially when compared to SWE roles
i know ppl who didn't get returns at hrt and cit
so it depends on the firm
low tier firms have usually a higher return rate
How does your statement invalidate that 50-80% of trader interns get a return offers?

i thought he was referring to swe lol
i didn't read above
my b
im certified dumbass
even then
my sample size is quite small
so it might be more or less as well
No worries chimi
I was also a bit messing with you

all good homie
all firms are low tier firms
therefore, drop out and trade penny stocks
efficient algorithm to find correct point in 2d plane if you only get a function that returns roughly how close you are (think warmer vs colder)
all you get is a single number for closeness though, and you dont even know if the number is good or not until you find higher or lower numbers from guessing other points
sounds bayes related tbh
Gradient descent
Approx the gradient using some numerical method
doesnt this require knowing the function
gradient ascent requires knowing the entire function so u can do derivatives, right?
binary search just requires knowing a comparator
You can do it with approximations
Accurate ones though
i wonder how you preprocess a graph to know what the neighbors are
oh ye that makes it much easier
simply normalize the graph into being integer coords
@split lintel can we have some sort of galaxy brain or 5head emoji added
for when my idea overflows back into being stupid
but dont you need a derivative for gradiaent descent? or is there a discrete version of it?
(discrete being the points are disctrete, the coordinates are not discrete)
how to find neighbors
thats assuming we can input any points into func
the domain of the func is only the points given
im not a math major sorry 
a bunch of x,y coords with a value of how close they are to the correct answer
im sorry did i contradict myself
brute force is o(n) where n is the points, cuz you can pick a random point and then calc distance from every other point, then check all the correct distances
can we be faster?

anyone hear back from deshaw fellowshio thing
oh wait thats cuz my original question gave a "closeness" number and we ddint know how close that was right
so we didnt start with a list of all points?
is that what u thought i meant
what if we got a "closeness" number like this:
we know there is a maximum value for being the correct point, and a minimum value for farthest point, and the function is always positive derivitive
where closer is ALWAYS higher, we just dont necessarily know
i did encounter
but the "closeness function" is my eyes seeing how red something is
basically sporcle had this "find the element" quiz where you guess periodic table elements and it tells you how close on the periodic table to the correct element it is by being redder the closer u are
so this is me doing the algorithm in my head rather than coding it, kind of like this stack overflow post
im color blind

gg
Does anyone know anything about the comp at G Research, GSA Capital, Squarepoint.... Was wondering about Europe based funds.
Also I know SQP let's you invest in the fund does G research and GSA as well?
Either Entry level and experienced QR and QD
new grad QR is 200£ base at GR, bonus on top
Thanks, I know base numbers, but looking to get a sense of bonus ranges: entry level, 2-3 yr, and 5+ if anyone has heard anything. Also, what, if any, portion is deferred? (is deferred invested back into fund?). Can you co-invest if you choose? Lock-in on deferred, etc
Do you have offers from these firms?
yeah i think they even publicly advertise this, at least they do that heavily in their talks
afaik GR is a family office so dont think employees can invest. No clue about bonus numbers 🤷🏽♀️
cant think if a single good reason 🤔
One of my colleague got locked in the Interviewing room when interviewing with G research
Competing with these firms actually. Making sure my clients in UK stay competitive
😂😂 but ive been told their process is “fair” whatever that means
Before entering and leaving the building, you are weighted
Their non competes are super sticky. I just recently placed someone out of there
our of GR? one guy we hired had to wait 2 years cuz of the GR noncompete
how did you bypass this 😭
hi...can you add me to this please!!
They enforce it for most people and yes that person had to wait 2 years lol'
too crazy man 😂 did he have an offer and then waited two years or did he take the plunge before securing any offers?
bog you should ask Google if they have a non-compete that allows you to still get food at their canteen
IMC hired a G Research person? QR or QD?
Had an offer than waited 2 years lol
he was let go a while ago, he was a qr
ah nice
He was let go from G Research or IMC?
actually idk, all i know is that he came from GR and had to wait 2yrs and was gone before i could meet him.
My guy is chasing the garden leaves
now that you mention it 🤔🤔🤔🤔🤔🤔🤔🤔🤔
LOL never well maybe sometimes haha
Nah, most of the people I place I pull from competitors or tech. My clients only hire the best.
G doesn't enforce non compete I think. Maybe for special roles like AI engineers
They definitely do
ask them man, tell them to include the lunch
I meant G doesn't have non compete periods
For regular SWEs
But for other types of non compete. G will enforce I agree
“Highly competitive compensation plus annual discretionary bonus” is always written on their website 😂
But have to admit the “Lunch provided (via Just Eat for Business) and dedicated barista bar” is the best selling point 🫡 finding good lunch is so hard 🥲
does anyone know the imc return rate for qt?
Yeah totally get you! You save the time running around searching for a good spot to eat. You have a balanced meal instead of just junk food. And it makes you happy 😂
y’all spend $20 a lunch ??
yes 🤔
What do you get for $20?
you cant put a price on free food
usually asian
yeah i guess
That makes a little more sense ig
It’s so sad
I guess I made the right decision in not considering my akuna offer xd
this name goes hard
so ur saying if i say i have radix offer i will get a bunch of simps
Human equivalent of ddos attack
Yo lowkey if we wanted to annoy someone a lot, we could process an offer for them and mention their discord tag

Hypothetically if there was a radix simp
What would he be like
Would he ignore everyone’s advice and apply to no name firms
Quant rizz is real this is proof
Guys by the way did you know that Ken Wins from breaking bad is actually Ken Griffin
Nah sushi got internships but got banned for trolling. I think the particular incident was when they said Amazon was rescinding interns
Now that I think of it, there are near 0 active people in the server that have not landed internships at a big N tech/quant company
💀
Yeah they do
Ig it's an information gap
I agree it's insane
I also made that assumption
But I suppose it might not always hold
i mean no tech company is rigorous
they test basic udnerstanding of data strtuctures
thats it
no algos nothing
Just base?
P cool how just the base at top quant firms beats FAANG
Makes it way easier to pick them
they dont test REAL algos
bfs is not an algo
its an intuitive concepts
same with everything big tech asks
occasionaly might need djikstras or prims
but realllyunlikelyl
Hating on lc interviews again?
@small owl semi related to earlier convo, in algo class today we learned how to find shortest distance between any two points in any dimensionality in nlogn time
the points can be floats
because you can actually combine subproblems in linear time even if dimensions are larger
for 2d do by pre sorting by the second dimension (y) and then ONLY checking 7 points closest by the y value, insanely cool proof for why its always 7
sorry not binary search, finding smallest distance betwen two points
pigeonhole principle narrows it down to 11 or 7 depending on how smart you want it to be
still linear time to compare all possible points tho, which should be n^2 if brute force
its divide and conquer
its faster than n^2
nlogn
combine subproblems by setting d=min(prob1,prob2), then find all points less than d away from center line between two subproblems
then compare all possible points between them that can be shorter
the craziest part is getting the single point comparison down to constant time with pigeonhole principle, make a grid of d/2*d/2 squares and ruling out 7 points on the opposite subproblem above and below guarantees no shorter pair in the combining step
I’ve been getting lots of headhunters on LinkedIn
Is it good to connect and speak with them
But what do they really do I dunno it is scary
I think they just reach out and be like
they wanna help place for NG right?
company pays them a fraction of ur salary as bonus (doesnt come out of your paycheck), the bonus woudl normally have gone to a recruiter at the company itself
bit of a waste of time if you are NG in a target school. But might be beneficial later, at least i hope 😅
Why is it a waste of time if you're a NG at a target? Cuz you can directly apply?
yeah
Did anyone do the Akuna Capital math assessment on HackerRank?
*get the job with the highest payout for headhunter referrals
Take Optiver for example, their referral is ridiculously high. I think even highest in the industry
Wot
but direct apply is like u may or may not hear back, versus hh is a gaurentee you hear back + anywyas the offer you end up getting is the same pretty much
and the hh is probably helpful to help u get a higher offer
Did anyone do the Akuna Capital math assessment on HackerRank?
agreed i was assuming most at target schools pass the cv screen, i may be mistaken
Using every possible move to land a job in this market 🥲
Certain shops don’t have a built out recruiting system
Idk like spark, tgs, and other small places
Does spark have a website? Never heard of them
The only spark I know is the open source project for big data processing / ml 😂
I know a guy who got reached out but he is like imo
What’s the lowest bar then
For qr or swe
bruh
Ur sentence should’ve been “me and some people I interned with got reached out”
Facts... HH do this all day for a living and these firms understand that. They know the HH is not going to send them scrubs to waste everyone's time.
What’s imo?
international math olympiad, in my opinion
Got it
There are some really established search firms that work very closely with these firms. We placed the Head of research at TGS, the president of Cubist, Head of ML at Worldquant, and the list goes on.... These are very long established relationships. We help them hire their best people.
Can freelance headhunters help freelance developers?
I work very closely with TGS and can make intros there as well as others top firms.
I work with Spark too. Their team was at my office literally last Thursday.
They work with search firms that are good at what they do. We are the only firm that do research projects with TGS. They don't trust any other firms,
wish i didn't get skill gapped with 0 awards 💀
Are there any quant firms out there that have their own super computers or at least access to one? Are there even use cases that justify the cost?
I just got access to a Nvidia a100 for my masters thesis and it was so fast 😍 can’t imagine going back to my crappy laptop 😂
some firms have their own HPC clusters
Do you by any chance have names and know for what they use them for? (The only thing that comes to my mind is maybe training of models or simulations)
I've seen a UK firm having 6k GPUs
Yeah I remember that from xtx
Signals mining
300B aum
aum isn’t rly a good signal, there are articles that directly say how much they made in 2022 tho
Everyone’s levered anyways
And certain strategies u can lever a ton more than others
Like any currency trade probably has roi below 1% relative to aum
I agree aum is not perfect. But it's great to estimates profits per employee
If you have at least 10% return, you probably have at least 10B of net profits for the firm
/ ~300 employees
10% roi when levered implies like >100% roi in ur own capital lol
It would be super interesting to see benchmarks on their system. Like I took few HPC courses and read a lot of the theory but seeing this in reality is mind blowing 😂
I mean on the aum 
Or did I misunderstand
10bil lol

I would assume Xtx is prop lol
What matters is the final capital you have not leveraged
So aum is just how much they’re levered by
10% roi is extremely high for the trades they do tho
It’s like .33% roi which is still very good
I think you are right
.33 or 33%, not .33% tho
No, like their trading strategies have roi of .33%
They lever up
Which directly multiples roi
If u like factor in borrowing costs or w/e
So maybe non borrowing roi like 2% or w/e and then u lever up 100% and borrowing fees bring down roi to like .33%
i know Tower has one
idk what they use them for though
2% yearly roi on unleveraged capital?
That seems low

Fx and equities trading has low roi
They have good sharpe tho
So u get good rates when u borrow for these trades
Depends on your strategy
Idk
I think the vast majority of players are getting the same order of magnitude of edge per trade in these spaces
Like fx each trade ur avg edge is in pbs lol
So 1/10000 percentage points
Or 1/1million in terms of notional
Again, depends on what equity/FX and related derivatives you trade + your strategy
I don’t rly agree small hft centered shops don’t rly focus on LL options and all hfts in equities and fx space have more or less all have the same strategies and edges but w/e agree to disagree
I'm not talking specifically of HFT firms but more of quant firms in general
Where you could do for example startarb, ML trading
Yes I didn’t think I conveyed any negative connotation
Like ur allowed to lever up so much cause ur trade’s risk is very low
Similarly you could have a trade that generates greater roi but typically brings with it higher var, meaning you’re not able to lever up as much
Does anyone at quant leave the office at 3?
You don’t go to quant for WLB lol
Exactly
@floral locust @half ginkgo cc
Yes they are nerds
No
I’ve never met Yahkub in person so maybe
bro gresearch pays like half of icelands energy bill (obviously exaggerating). They and XTX have one of the biggest clusters ive heard about
how fun is the work?
i would inquire into what you personally find fun about it
so, what do you personally find fun about quant work?
It's not about fun. I would say the work at a quant firm is equally fun as the work at another company (on average).
Why some people like this field is because it's one of the most meritocratic and the ratio monetary reward/effort is one of the best.
if we expand fun to capture other positive indicators of wellbeing such as spending a larger proportion of your time in flow, or a sense of accomplishment
does quant work in your experience perform well with respect to these metrics?
Compared to what?
If we compare being a quant trader/dev to being a swe at a random company, I would say working as a quant will have a better sense of accomplishment
In terms of WLB, it will be worse for sure
By how much tho, it depends on how efficient, mentally and physically strong you are
Don't forget you could retire very early

there is little evidence to suggest that early retirement is desirable as far as long term satisfaction goes
so it isnt a factor i consider in my decision making process
different people of course value different things however. its still nice to hear about other peoples experiences despite them not necessarily being compatible with my system
I’d hazard a guess and say extremely dependent on your team/company culture and current tasks, at least as a trading swe
sometimes my tasks are neat sometimes they’re boring af
And then there’s just organizational overheads and stuff like that which are annoying
Yeah now that i’m working fulltime i actually really like that metric. If you theoretically spent all 8 hours in flow state that feels amazing
Work that puts you in flow state requires brain cells but that’s how your day flies by and probably means your work is interesting
I’m not a hyper FIRE gremlin either but if you’re even considering quant (the highest TC ceiling), how is early retirement not a factor? You’re optimizing along 2 axes i guess, which is 1) how to make most money 2) while being tolerable work
But in ur case u bumped #2 up in priority so it’s - how to max out feeling good at work, then respectively max out money
How is the happyness grind going?
I would say most quants i know don't really consider early retirement, also wouldn't say they are hyper-optimising to make the most money for themselves
ngl i feel so bad for ppl where its a grind
but maybe culture in the US is different?
i think it mgith be ego too big or something but im fine even when i should be unhappy
wait do you work at Jump?
Why?
Meta 
focusing on being happy takes mental energy away from everything else
Why would it take energy from everything else?
Trying to be as happy as possible takes energy yes
if it takes effort to be happy for one person and the other person is naturally happy thats fucked up
for the first person
float?
yeah because the money for quant or swe at quant in US is like uhhh its own tier
i'm not a quant simp but i have seen those numbers and it's mind boggling
More like a u8
i optimize for a life well lived and longterm satisfaction. in practice this means balancing axes of development conducive to raising my baseline emotional wellbeing and lowering the impact of uncertainties and setbacks
income in excess of what's needed for stable growth, modest savings, and achieving the rest of my development needs; means relatively little to me.
since that income threshold is attainable virtually anywhere you work in tech, it becomes more a matter of finding meaningful, fulfilling work and relationships
it just so happens that i'm mathematically inclined, which is how quantitative fields ended up on my radar
That’s a lot of big words for you just wanna have your cake and eat it too. You want good money and good wlb and want it to be sustainable. So when you come here and basically ask if quant wlb is good then people will give u simple answers cuz it’s a simple question, but now u gave us a mountain of context for your personal thresholds/priorities so uhh idk what to say except yeah some people hate working there and some dont, and some dont mind the money and some love it
I think the only real insight i could give u is that there’s no natural law of any universe that says excess of money necessarily means compromises in other areas
There could very well be workplaces that let you have ur cake and eat it too
you asked a question of how early retirement isnt a factor in my decision making process. i answered it.
i wasnt looking for insights, i was looking for reports of other people's lived experiences
im gathering information from people who work as quants, their thoughts on how fulfilling they find their work to be
i've observed the opposite and that the ones with egos cant back it up., but also small sample
ok im also confused then
lets agree to agree
If you have the opportunity to work as a quant, maybe give it a shot and experience it yourself
If you don't like it, you can always quit
It's not a lifetime decision
Do you have ego?
no ego and no backup 😭
No merch to flex with, so no ego 😔
soon im getting my shoes
I have an imc bucket hat
incredible assortment of merch
cannot wait for my imc shoes and my imc socks
I have an hrt bucket hat
Thanks to @fickle latch
And 4 hrt shirts 
😍
willing to trade 4 socks for bucket hat
only have one shirt and one hoodie 😦
of hoodie?
Your quant merch outfit
i have talked to some of them and they all mostly say its normal swe work just
i am not
notice the first two words in my nickname 
@broken thorn vote
🍌 code monke
🐍 script kiddie
💼 quant daddie
I would say the work at a quant firm is equally fun as the work at another company
i think there is clearly an argument to be made for it being more fun to be working on a product that people will actually use
most people who go into CS (who arent in it for money) really care about making cool products with technology
and while you can definitely work on super cool trading algorithms (not even core but also processing optimizations), you definitely lose out on the aspect of having people who use your product (instead youre more like tech support for quants)
personally i think that's why quant swe roles pay more than big tech: to make up for the loss of making stuff for users when competing with top talent with big tech
it's diff when it's sth you would actually use
yeah but unlike quant, SRE and devops dont need top talent so they dont see the high salaries that follow
and are often grouped with IT at tech companies
the former is creating new stuff, the latter is moreso maintaining
if youre maintaining stuff then you probably arent going to be doing anything cool
otherwise yeah you can be doing cool stuff
It is not a clear argument imo.
I know many people (including me) that mostly care about solving interesting problems and much less about working on a "massively customer facing" product. There are as many interesting problems in algotrading than tech and the feedback loop is usually shorter in algotrading.
Infra engineering as a swe is one of the most interesting area imo, trading or not
Being able to handle billions of users on a platform at a tech firm or transactions in nanoseconds at an hft firm sounds interesting to me. But at the end, it's team and company dependant, that's why I'm saying it's equally fun
I enjoy building dashboards and cleaning data @rose holly
tx in nanos that's a good one if you're software side 
Srry at work rn can’t talk
agreed, more arb there
Csgo skin trading
Why trade for bps when you can trade for %s in those markets 
I mean in tf2 trading there were market makers
forgot what it was called but they literally bought and sold whatever items had a somewhat legitimate price
right scrap.tf
anyway if you're like a teenager with liquidity, brains, and programming skills, somehow becoming a virtual hat/gun salesman sounds like not the highest EV play
depends if u had the right skillset at the right time being in the skins market was freelo
It also was not a fair marketplace since market participants weren’t nameless like orders on an exchange
So reputable parties just got to do all the volume compared to non reputable ones
Yea idk how big csgo was/is. I only knew the dying tf2 scene lol
csgo betting was the place to be! most liquid market to date
Anyone interviewing with cubist rn?
For ng
Having some concerns about their process
i did for fall internship
Is Cubist's fall internship app still open?
Cubist
i interviewed with cubist before few months back for some data team
but i got some bad vibes from the interviewers
I see. Which team and position is that?
Is this for quant developer
could u elaborate?
banks are insured right
for like a few hundred k
but what if ur mega rich
isnt it optimal to make thousands of bank accounts so u are insured for all of ig
its the data team as dev for data toolings & databases
but the ppl were just giving condescending remarks throughout the interviews
lol
ye thats morw realistid
still do they rly have like 200 accounts just for insurance purposes
theres some companies that maximize bank insurance which likely those ppl would use
MaxSafe is one
lolll i think same thing happened to me for p72 teams
They probably hold it in government bonds
Or wealth management through a large bank or hedge fund
(Who probably hold any cash percentage in US government bonds)
That’s basically money
A dude rejected Jane Street for radix trading trader intern, wonder the reason behind it outside of radix being more exclusive, not much info on radix and the little info I found say they aren’t top top
literally just a reddit comment talking about their pay so disregard that lol
they're just too secretive
their hiring is interesting, looking at linkedin some full time hires don't have prev quant exp/isn't from super target school
ah ya quant tech, they're mainly ops?
rippp
these ppl aren't really THAT cracked
QR intern that isn't super cracked: https://www.linkedin.com/in/nikhilkokra/
so i think you have a shot
at least their prev exp is not the worst to get lmao
for direct ng hire it still feels not bad?
like js and hrt are mainly intern returns
but radix does so many external ng hires
yeah rice is a target somehow lmao
they're great don't get me wrong
but not quant target
this year hrt didn't hire many ng compared to past
js is like <10 in the past years
same 
what i heard too
how so? 🍵
oh rip i wonder why they acquired them then
yeah wouldn't be surprised
also big W for ppl who joined sun trading for 6 months and then the firm got acquired by hrt lmao
easy pipeline
this is not really a metric i would consider, there is no obvious benefit a phd would provide in HFT, although one could possibly argue otherwise in more longterm quant funds.
Does someone know how to add/announce a future position to LinkedIn? 😂
I have seen people doing that but LinkedIn doesn’t allow me to add a job I will start in few months
people usually just add "Incoming <Position> at <Company>" with the current month as a start date
Oh you mean as Slogan or as an actual Job?
either or both
Ok thx! 🙂
My friend got an interview at Radix, probably harder to pass interview than get the interview (assuming you have big N or other quant firms you probably get an interview)
Radix doesn’t rly care that much about past exp, they do value research tho
There does exist a transcript and references screen that is nontrivial to pass halfway through the internship similar to other academic shops like Shaw
need a high gpa and prevoius job references?
hihi id love to connect w people who got in to jane street fttp
have yall EVER seen "not enough information given" be the correct answer to any multiple choice ever in any context?
yes
i've seen it a few times with those "john is taller than mary etc etc" and then the question is "is mary taller than george" or something
No
interesting, definitely makes sense there
if i were a professor i would mix a few of them in every semester so you couldnt get any more guessing ev than you deserve
you can get so much ev if you know how to guess properly
sometimes there are questions like:
A/B/C D/E/F G/H/I
A F G
B D I
B F H
C E H
option C will be right 80% of the time
because they don't want you to be able to get the correct answer just by knowing one of the three questions
so look for the one where all the choices are repeated somewhere else
i dont understand what this matrix means
three subquestions with three choices each
like the question is :
What happens to reaction A when X is added: it speeds up; it slows down; nothing
What happens to reaction B when Y is added: it speeds up; it slows down; nothing
What happens to reaction C when Z is added: it speeds up; it slows down; nothing
And then the choices are:
- speeds up; nothing; speeds up
- slows down; speeds up; nothing
- slows down; nothing; slows down
- nothing; slows down; slows down
yeah that makes a ton of sense
also jsut rhe classic
a: 15
b: 4.6
c: 4.6*10^-6
d: -5
its b 80% of the time
yeah
that ones very commonly known tho
urs can be guessed as c by the same greedy algo tho
"guess the soln most like the others"
some of these people interviewed me and they are for sure cracked.
its shares 1 in common with all other answers
also whenever an answer seems a lot vaguer/less specific than the others it won't be right
the teacher just ran out of ideas for another wrong answer
another thing in big multiple choice tests esp for science is that the answer for question 5 will be accidentally revealed in question 27 or something
Profiles are not a very good metric. There is a ton of JS traders with 0 prev experience. Also if you look at Headlands, it is the same type of backgrounds.
im still seething from my 5th grade worksheet where 2 gave soln to 1 and 3 gave soln to 2
never made a full recovery
the biggest trick of all though is in normal exams, never leave a question blank. if you write two paragraphs of nonsense that is vaguely correlated you will often get a couple points out of pity
THIS is how you make a mult choice question
AP Physics C throwback
do not ask why me as a 6th semester physics major is taking physics 2
we do a little smurfing
i have no clue but i would guess D, 133 seems like a number easier to get to than 103 or 113 or 123
what is the answer
d
nice
thats a good guess
makes sense that a clean fraction is answer so thats a great guess
4/3
400/3 i guess
i would have guessed E if there were any 7s involved in the question
but with 6 and 40 133 makes the most sense
@timber fiber you are correct lmfao
actually idk if u can solve or just narrow down to 2
"but 2 is neutral" is something you can deduce without any brainpower
jane street C tier confirmed 🫡
o interesting it was e this time, i guess they didnt do it default
traditionally*
yep
jane street on the same tier as credit suisse is hilarious
its just asking the directjon 3 particles go in a magnetic field
why does mit gap everywhere else so hard
Yes
c++ is king surely
Yes but rust is easily 2nd place
I’m a rust dev so could be cope
The lang requires skill and the knowledge transfer/sharing with cpp is there
I do know people who went from rust at tech company -> quant tho
The pipeline can happen
😂indeed, dk why they always pick the cheapest category at the career fair
What sources?
Just 1 personal data point + my team has worked with quant shops and heard that they like rust + @pearl spade knows more
Are we talking abt quant dev/swe roles?
Can you provide some quantitative metrics?
contradicting @hasty hill its en eh
for generalist firms like citadel/imc etc ull be fine
bog needs sharpe ratio, pls provide
for specialist firms that test u on their languages like py/cpp (hrt/akuna/jump sometimes/etc) ur going to have to branch out from rust
I heard jump has many teams exclusively using rust

for experienced roles yes
for intern/ng roles theyll test u generally with sometimes 1 cpp/py specific interviw
imc tests python and sometimes even cpp🤔
akuna/jump(sometimes) tests u by lang
And java
no IMC OA was completely language independent and their final was Java but u didnt need to know it
unless are u EU?
yes i work there
yea usa is language independent
for swe idk for qr we test python
I had the option between java/cpp/python during my OA
oh mb i was talking swe for above everything ; should have clarified it
what about R?
ill tell them to add R and remove everything else
firm dependent
akuna cpp will make u use cpp, jump for my specific team let me use any language, imc made me use java
keep doing python and apply to the python roles
i switched from cpp to python just for LC
wait u got rescinded?
dont worry abt akuna they always had issues with profitability
this is like contradictory tho right
how you gonna disrespect the python kings and queens like that 😦
oh so like less toxicity in general
prolly CTC
the less toxic a firm is the less toxic the people prolly will be
and ive heard good things abt CTC with their collaborative unique culture
uff i’ve heard about this, sounds awful.
janestreet is big on gambling but never heard anything sexist from their side
i realised im too stupid to bet
i bet on the number of michelin star restaurants in my country TWICE…
and lost both times
🤦🏾♂️
We need to do the sport betting project
It's going to train you 
🙏🏾🙏🏾🙏🏾 i prey
hows it going n3
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