quants-n-traders

[keen grove]

Yea she didn't understand anything about what I said

[oblique orbit]

Anyone know how imc launchpad recruoting works like how many rounds of interviews?

[royal forge]

is this insight?

https://www.insightinvestment.com/

ah

seems pretty good

based on linkedin

[summer stratus]

one, and it's easy. But try to do well during the event

[ocean gazelle]

this is the move

put any heavy quant projects on the qd one, big tech hiring managers generally don’t like to see heavy amounts of finance-y/quant projects

it backfired for me this sem

[uncut steeple]

hey guys have an inquiry - if you are turned down for a role at one location can you apply for the same role at another location (eg. NYC, Sydney)

[lost stratus]

Did a tech hiring manager tell you this?

[ocean gazelle]

Yeah

They questioned my interest in big tech as a result, especially since I’m not a junior who’ll convert to FT immediately

[lost stratus]

What did you say to them questioning your interest in big tech?

And did you apply as a non junior?

[ocean gazelle]

didn’t say anything, I had some QD projects on my resume and a small QD role prior to this season

[ocean gazelle]

Yea

[obtuse flame]

Feels like Tesla

[royal forge]

hes connected with the headhunter who joined this disc 😂

[rose holly]

which headhunter joined here lol

[ocean gazelle]

he's connected w max dama lol

[ocean gazelle]

nah

[royal forge]

Yeah they’re legit

[vague forge]

whats a headhunter

[broken thorn]

whats a headgatherer

[royal forge]

@forest cobalt 2s website is shit

[royal forge]

way too much stuff going on

https://fiverings.com/ is much nicer

[scenic bison]

deshaw got the nicest

[royal forge]

yea agree but doesnt fit my narrative above 😂

not a simple website

[scenic bison]

yee

[keen grove]

https://1mb.club/

I'll work for any quant firm that appears here

[rose holly]

except when you try to apply

oh the guy above me said it

[royal forge]

The one comment about reneging😂

[glass kettle]

have you applied?

[rose holly]

WHAT

who are you

[lost stratus]

Is BAM bad/not performing well/pay less?

[fast mountain]

Reminds me of this: https://endtimes.dev/why-your-website-should-be-under-14kb-in-size/

<14kB gang

[uncut steeple]

man

getting smoked by 2024s

@noble creek @regal sorrel https://github.com/evilpegasus imagine getting smoked by a guy with a handle name 'evilpegasus'

notwithstanding all the work he's done that's a damn good punchable face

not bullying - just stating my opinion

maybe he's a cool guy in person - I wouldn't know

[tulip sapphire]

Mans really tryna throw hands with someone out of their league

[uncut steeple]

just a perfectly punchable face from only the pictures, all im sayin

[tulip sapphire]

Unless @uncut steeple has any QR offers, MF gaps them resumes wise

He’ll probs make more than most people in this channel, I think being top of a good BAM pod makes way more than avg at 2s

[odd vector]

interesting for sure, seems worth to stay at citsec unless they really want the best internship experience (since as far as im aware js really does have the best)

[odd vector]

a few friends know him irl and say hes great

[tulip sapphire]

TIL good bam pods hires non-PhD QRs

[long raft]

Do pods share devs between them or is a dev only working for one?

[wheat isle]

I just got Coinbase internship offer for summer, should I reneg Amazon for it? Wondering if it'd help meaningfully for passing resume at HFT

[lost stratus]

Are you unable to move it to fall?

Coinbase is also liked by quant firms since its also financial oriented, so it has that over amazon

[wheat isle]

Haven't asked, do you think this is the move?

or at least a move

[lost stratus]

I got my coinbase offer as summer the same time, early april 2 years ago and they let me move to fall and i did another big tech for summer, cb definetly helped with getting a citadel interview

Idk if anything has changed since about off season stuff

I would assume its the same so you should ask

[wheat isle]

Also to give context, I did Amazon last summer, my current pending offer for this summer is return intern offer. I'm doing Datadog currently this Spring as well

But yeah I should email about Fall

ty for that advice

Or I was thinking just doing 2 internships this summer

[empty burrow]

what school do you go to?

[wheat isle]

If you don't mind me asking are you at citadel now?

[lost stratus]

T150+

[lost stratus]

No i didnt pass onsite :/ i blame rng and interviewer, but i was close

[oblique orbit]

Anyone do IMC launchpad?

[wheat isle]

That's unfortunate, hope you ended up somewhere you're happy at tho

[royal forge]

💀

[short patio]

cb is not > amazon think they're equal

but if you renege then kinda is a dick move to your manager

[rose holly]

cb > amazon cus he already has amazon

[short patio]

then again u do have zon on resume already

[short patio]

true but like 2 big n vs 3 big n is incremental

me personally I'd go zon if I enjoyed the team / culture otherwise cb

[rose holly]

Yea

It doesn’t rlly matter

[short patio]

reneging is dick move tho

not that he shouldn't renege but

only renege if you have good reason to

[rose holly]

Not sure if cojnbase is worth reneging amazon for

Move amazon to fall since cb doesn’t do fall

[atomic briar]

generally amazon doesn't give a shit about renegers

but also I'd be concerned about coinbase stability

[atomic briar]

they'll live

[scenic bison]

theyre not doing fall this year

i was an intern last fall and I asked them and they said no

imo id do cb but im biased, if you already did zon unless the team was sick I wouldnt return. Theres a lot of cool teams at cb that could orientate your resume to wherever you want to end up at

if you care about return tho probably amazon, 2022 return rate was like 40% 💀

[gentle meadow]

I didn’t get return

😔

[scenic bison]

is what it is

dont even need it mf

im doubling my return and giving it to the next intern

[gentle meadow]

trueee

[lost stratus]

Idk i got it from quant recruiters...

[dusty jetty]

@lost stratus have you interned in quant before

[lost stratus]

No

[dusty jetty]

will be interning this summer?

[wraith wolf]

in the zone throwback

with ur pfp

[dusty jetty]

im sure youll get there bro

keep manifesting

[rose holly]

Don’t remind him 💀

[dusty jetty]

so you got 17 interviews at quant firms and failed all of them?

@lost stratus im confused

[lost stratus]

Define fail?

[dusty jetty]

you did not get an offer

lmao

sorry

[lost stratus]

Why do you categorize that as fail lol

[dusty jetty]

cuz isnt that the point of interviewing

out of those 17 interviews, how many did you get from cold emails?

[lost stratus]

I think all

[dusty jetty]

thats pretty impressive ngl

[lost stratus]

Yeah but common to do well on interviews and not get offers

[dusty jetty]

not if you apply early enough

cuz that happens when headcount is filled, freezing etc

were you emailing in August?

[lost stratus]

I didnt get any interviews from big / well known firms like cit hrt js...

[dusty jetty]

huh, interesting. yeah i mean i think you need to go to a target school or prev top tech experience to even have a shot

[lost stratus]

Yeah

[dusty jetty]

i mean that cold emailing strategy of his is pretty cracked, ig he just unlucky at this point

[lost stratus]

But the top tech thing doesnt always work i guess especially in bad economy / job market

[dusty jetty]

well amz still hired a shit load of people if they applied early this cycle

like no waitlist and shi

if applid in aug 2022

[lost stratus]

Like for intern or ft? Ik alot of ft ppl that got offer rescined and Amazon is on a hiring freeze now

[dusty jetty]

intern intern

FT, they fucked over a lot of people

[rose holly]

Radix simp needs amazon to get quant

The amazon -> citadel pipeline

[wheat isle]

idk I think they'll live lol, doesn't affect their pay afaik

and I feel pretty meh about Amazon, I just took return because I was too lazy to do interview shit last fall

Also technically I'm not Amazon, Audible

It's also hard to feel bad reneging when these companies give 1-2 week deadlines

[broken thorn]

doesnt radix have something like roblox

[winged aurora]

Oh yea these firms are quite elitist ngl and there's a min GPA requirement

Gotta have a moderate first class GPA at least

[shut willow]

GPA doesn't affect the decision process nearly as much as having competitive programming/math experience, at least based off of what I have seen.

For SWE/quant qualifications at HRT/Jane/2-Sigma.

[lost stratus]

I think the thought that they are elitist in general is true

[glossy sparrow]

Homie is in HRT lol I think he knows what he's talking about

Nick

[cyan sparrow]

Agree

But they are correlated

@split dirge thoughts on hrt

[shut willow]

Cutoffs will always exist, however, at that level of competition a good GPA is pretty much already expected.

[cyan sparrow]

I concur. This seems to be the case, while there may exist exceptions these only serve to prove the rule.

[glossy sparrow]

Yea but he prolly knows more than us like what lol

[cyan sparrow]

Are you posing into question the authenticity of my banter within this forum?

Goldman s&t gaps

[split dirge]

bruh

uh itd be cool to land it even tho i prob wont ever

[lost stratus]

@cyan sparrow are you an swe at cantor fitzgerald

Do you know if they do quant work

[cyan sparrow]

CMO trading

[lost stratus]

What is that

[cyan sparrow]

@split dirge explain

[split dirge]

i genuinely remember reading this somewhere

lemme jog my memory

isnt it like u sell mortgages as an investment

but its multiple mortages or single i forgot

probably single?

[shut willow]

Having an internship of esteemed quality is definitely an enthralling attribute for quant recruiters, however, specialization in fin-tech / unicorns is much more likely to matter based off of admission statistics. To rephrase, there is no singular attribute but rather an amalgamation of many that probabilistically increase your chances of success - whether that be in receiving an interview, or completing their interview process.

[glossy sparrow]

Yo Nick have you made a decision on Coinbase?

[shut willow]

Not yet, I have till Thursday to make an 'educated' decision.

[glossy sparrow]

which way you leanin

[shut willow]

Towards reneging, however, I am unsure.

[wheat isle]

oh you have coinbase offer too, who would you be reneging

[scenic bison]

Hrt

[shut willow]

I currently work as an algorithmic developer at HRT, however, I am based in the London office. I am also a current graduate student pursuing a master's degree in computer science at UIUC. As a result of the latter I applied to a Coinbase internship and qualified as a candidate, and thus would receive the Visa sponsorship required to work in the United States.

Priority at the US offices will almost always be given to Visa/citizen holders within the United States. I have asked, however, I am almost always met with a deterring response.

I am mainly to blame for my situation. I only applied for three internships this year, and as a result am in this proverbial boat as a consequence of my laissez-faire mentality.

[scenic bison]

Tbh you probably won’t struggle getting a job later on

I’d say worth if you really want to be in the us

[shut willow]

The compensation in the US compared to over here is significantly disparate, thus the complexity of my decision. In terms of salary, being a software developer over here is relatively equivalent to an above average career in any field.

Recreationally or Professionally?

I'm sorry I don't understand.

[glossy sparrow]

Have you ever developed any successful algorithms?

[lost stratus]

How big is HRT's post-trade org/team? And are they distributed across offices or is there one that has a bigger presence with them

[shut willow]

From what I have seen, occasional cross-collaboration does exist, but in my experience rarely do we interact with firms in other locations. Algorithmic strategy, however, is something that is shared.

[shut willow]

Professionally speaking I am in consequence of non-disclosure agreements, so I can't quite speak towards it. Recreationally a group of coworkers and I have developed a strategy with a current tested 63% success rate with a 83% backtesting rate, however, markets are fickle and there's no telling whether we are on to something or just lucky, but most likely lucky.

[glossy sparrow]

Outside of the US are there any other locations you would like to work at?

[shut willow]

I believe HRT has locations in Mumbai and Singapore, so I guess there. Lol.

[uncut steeple]

does citadel demote people?

[shadow estuary]

yeah to no job

[uncut steeple]

wtf?

[shut willow]

I laughed noticeably loud at this.

[shadow estuary]

there arent really levels at least for swe, so if ur just not performing well u tend to get let go

[shut willow]

Typically demotions aren't frequent in quant firms @uncut steeple. There's a high likelihood that perhaps your friend was not performing competitively enough or requested to be moved to a different department.

[uncut steeple]

i see

[shut willow]

Yes. From what I hear their work-life balance is incredibly poor, if you value that.

That's good to know, typically unpleasantness and overbearing in the workplace is subject to being the highlight of conversation and thus as a result the underlying niceties aren't fully grasped.

[wheat isle]

Yeah, I know people who have worked at Citadel and have a fair WLB (50 hours a week)

[shut willow]

50 hours a week is relatively considered a good WLB across the board, especially at quants/FAANG.

[wheat isle]

that's not good at FAANG lol

When I was at Audible most people were working 5-6 hours a day. And for Datadog I'd say FTs average 35 hours a week

[shut willow]

I can only speak for myself, however, when I interned at Google last summer I was working numerous 50+ hour weeks, as were my mangers and coworkers. However, it is entirely likely that my subjective understanding is an outlier in the underlying.

[wheat isle]

what org were you and what were you doing?

[shut willow]

I was developing SDK 'applications' for Google Cloud.

[wheat isle]

I was about to ask if it was Gcloud

Gcloud is notorious for poor WLB

Any of the cloud groups are going to have it worse

Gcloud, Azure, AWS

[shut willow]

Ah I see, it's good to know that it isn't the norm.

[wheat isle]

if I search gcloud on blind (not saying blind is perfect metric lol)

first 4 results

[lost stratus]

What do you mean by other firms? Isnt posttrade a team at HRT?

[wheat isle]

unfortunate tho, sorry to hear that, many people at Google and FAANG end up having fantastic WLB and I wouldn't rule it out

[shut willow]

That's actually very interesting, I guess I should have joined YouTube instead.

[shut willow]

Other HRT firms.

[runic grotto]

You might have learned dramatically more in g cloud, would you say that?

[wheat isle]

bruh unlucko, Youtube has insane WLB

[shut willow]

I definitely learned a lot, it's crazy how different working in the market is vs. schooling, however, I had a great time nonetheless, and hope to return one day.

[obtuse flame]

Surprised about DataDog, heard WLB wasn’t great for a tech company

Like at least 40 hours a week

[wheat isle]

aren't you literally interning there rn lol

also it's team dependent

and if you're chasing promo or not

[obtuse flame]

Not now lol but just heard stories of ppl staying late because they mess around during the day

[lost stratus]

What are the other hrt firms?

[shut willow]

I'm referring to other HRT locations, such as those in the United States/Singapore/etc.

[wheat isle]

lol dm me

if you want my take

[scenic bison]

ik someone that talked to a lot of the interns and so many of them didnt care about the outcome of the internship because a lot of them were past big n and wouldnt take the return

[runic grotto]

Did they just take the internship for the free money

[scenic bison]

probably and since its offseason

[runic grotto]

Remote too?

[scenic bison]

nah I think it was in person last year

[shut willow]

To call me an expert in the field of algorithmic development is fallacious on a number of predisposed accounts. I will state however, my opinion which shouldn't be misinterpreted for fact. In my opinion being an algorithmic developer isn't as illustrious as it sounds. Most of the time is spent editing existing frameworks and designing architecture, however, occasionally researchers develop samples that warrant practical testing, so in that case you would most likely use a language like C - or OCaml if you worked at Jane Street - to develop a prototype that would then be put under rigorous testing. As far as practical use cases outside Fin-tech I am unsure at the moment where the latter understanding is required. Most software development requires a minimal understanding of financial models or complex algorithms and thus wouldn't translate as well in other fields. I hope my rudimentary explanation was enough to satiate a fraction of your curiosity, I am not qualified to give an in-depth breakdown, but I am sure there are others here that would be more than happy to assist in furthering your understanding.

[uncut steeple]

this is in depth

[cyan sparrow]

💀

[opaque sable]

do these gpa cutoffs I hear about apply to experienced hires as well or just ng?

I’m starting at a smaller trading firm in september with a less than stellar gpa and wondering if that’ll outweigh it when I try to jump to one of the big boys lol

(for swe)

[fickle latch]

@shut willow hello 👋

[winged aurora]

Doubt so experienced quant devs are always in demand

Hardest thing is stepping into the field itself

[long raft]

The only problem of switching at a later point in time are non competes 🥲

[opaque sable]

Yeah not looking forward to dealing with that when I leave lol

[opaque sable]

good to hear

[raw bramble]

how hard/realistic is it to get a job at an hft/quant/trading firm/hedge fund if I start my career as a soft eng at bbg?

[weary path]

damn in this economy? What asset u guys trading?

[opaque sable]

i know almost nothing about this industry so idk tbh

it's a "market maker"

[winged aurora]

Trading didn't get hit that hard tho

[weary path]

dont know many small hfts that survived

[weary path]

i see, crypto i would guess 🤔🫡

[raw bramble]

@opaque sable you got any idea bout this?

[opaque sable]

im reading about it and its just a bunch of buzzwords that i dont understand 😂 so its of no use

[opaque sable]

no idea

[raw bramble]

congrats on mako. how's the pay and loc?

[opaque sable]

but bb is probably better than most for getting into it since its finance related

[opaque sable]

london, not gonna say the tc here but it's good

[raw bramble]

nice im also based in uk

[opaque sable]

oh cool i can dm you

i just dont say it here cause we're gonna get americans calling our salaries peanuts lmfao

[raw bramble]

haha yeah cool

i mean god bless the muricans in some way. otherwise we would be making real peanuts at our local comps

[broken thorn]

do rich europeans employees exist?

[raw bramble]

apart from optiver i dont know of any

[opaque sable]

not by cscd standards

[raw bramble]

nice!! how long do you reckon should i stay here till i make the move? I was thinking of at least 5 yrs?

[broken thorn]

how about 2-300k tc mid or late career

[opaque sable]

yes, faang and trading

oh cool! might be working with them, it's a pretty small office

[raw bramble]

ppl from my course graduating at the same time as me got pretty lowball offers. in the range of £30k - max £60k

i see. what makes the move hard for me is the supposed job security + wlb at bbg (havent started yet). and id like to join trading firms as a sse. but yeah lets see how it plays out

[winged aurora]

only bad thing about bb is that their tech is old af

[broken thorn]

thats so wacky to me, shouldnt there be a similar level of competition driving wage growth overseas? especially cuz EU

[winged aurora]

so going to senior position will be the best route

[broken thorn]

oh you used pounds for money :realization:

[raw bramble]

i mean c++ is old af too but it is in high demand from finance big bucks companies

[winged aurora]

yea i heard from my friend they just recently started moderning their tech stack

not talking about the language

[opaque sable]

yea the highest person i know has a ~£61k offer at jp morgan, there's apparently someone in my year at jane street which is like £200k+ but idk them

[raw bramble]

i get your point tho

you based in the uk aswell

[winged aurora]

i know this director of engineering at bb that just jumped to a trading firm in london

i think in 2022

[raw bramble]

37k$ to max (by a stretch) 74k$

[winged aurora]

so defo quite a few ppl jumped from bb to trading

[raw bramble]

thanks @winged aurora and @severe talon seems like not that much of a crazy idea to switch after some yoes

[raw bramble]

reckon this

[winged aurora]

yea and the pay isnt too bad, i know a senior at bb whos a senior swe now

hes about 150k pounds after bonus

[broken thorn]

i meant
"why cant you drive wages with competition and switching jobs, europe has the EU"
"oh wait, hes british"

[raw bramble]

do you know what the tc bump looks like after first yoe?

[winged aurora]

not so sure about that i didnt rlly ask much but he's a senior swe after ~3 years at the company

[opaque sable]

to be fair, we still have the highest wages in europe for now (switzerland doesnt exist ) but we'll see how long that lasts

[winged aurora]

yea i dont think bb changed their TC much over the past couple years

[broken thorn]

neither does Lichtenstein

[opaque sable]

liechtenstein probably has less than 10 developers in the whole country

[raw bramble]

you mean new grads start at £90k?
I got a £80k offer + relo..

[winged aurora]

sounds about right for bb

my friend was only 75k base tho

yea about right

[raw bramble]

same for me

[winged aurora]

the rest was the same

[raw bramble]

so for me is £87k (including relo). and then should I be looking at £95-100k next year?

[broken thorn]

thats really high purchasing power even by america standards right?

[opaque sable]

£87k is a lot, you can live very nicely in central london

[winged aurora]

i think this is pretty reasonable

[raw bramble]

will do when i start

[broken thorn]

we need to make a yuppie col calculator so we can london-pounds to SF-dollars

like SI units

[raw bramble]

there is some website that does this and takes into consideration the COL

[opaque sable]

lol

[broken thorn]

dont these usually give insane results like 40k in kansas = 400k in nyc

[raw bramble]

@severe talon at what company you at rn?

as a swe or a quant?

nice nice. keep it up

i appreciate the open community we - as soft engs - have here and on blind regarding exp and tc

no other industry has something remotely close to this afaik

[opaque sable]

#international is mostly uk

[winged aurora]

yea at least with ppl who r gg to working at uk

[opaque sable]

yeah im pretty sure everyone who speaks there has accepted an offer in london

lol

[raw bramble]

oh btw i was for some time in Germany. Wages there are laughable. The EU just doesn't have a strong soft eng culture.

[raw bramble]

and they're almost never open to discuss tc. thus they all get screwed over

[broken thorn]

what do smart, greedy, risk averse people do there instead?

[raw bramble]

move to the US 😂

[broken thorn]

😂

[opaque sable]

or commute over the border to switzerland lol

[raw bramble]

i suppose found a startup or go to some of the faangs in EU

[broken thorn]

how easy is it to go from <rich country americans arent prejudiced against> to america

[winged aurora]

ngl i only know SAP based in germany

[broken thorn]

like germany uk

[opaque sable]

almost impossible without L1 or student visa

[raw bramble]

i knew some ppl who got offers from them. sap pays less than 60k EUR for new grad..

[opaque sable]

but if you're in a big company then it's not hard to get L1

[broken thorn]

thats crazy, i cant imagine any demagogues complaining about educated british immigrants

[raw bramble]

"these fking british are stealing our bananas and leaving us peanuts"

[winged aurora]

UK recently had this talent program to attract international freshgrads

guanratteed 2 year visa to hunt a job at uk without needing an offer first

[broken thorn]

get those beans and toast trucks off the side of my street!

[winged aurora]

if u r in the top unis

[long raft]

I mean there is a high demand for software engineers in Europe. A lot of countries even declared software engineers as “scarce good”. The problem is that they still pay shit 🥸 (don’t forget the employer many European countries pays you salary + additional taxes, which can be sometimes up to 30% of your salary)

In the Uk it’s apparently “only” 15k for a 100k salary.

https://uk.talent.com/tax-calculator?salary=100000&from=year&region=Great+Britain

Not saying it’s justified they pay us less 😂

[raw bramble]

where are you based?

[long raft]

Europe (sorry not sharing specifics) 🥲

[stone hornet]

what site is this?

[opaque sable]

numbeo

[weary path]

G-Research base is also 200k for quant research btw 🙂

[weary path]

tf i though js paid a lot more than that gg

[weary path]

wages are also not great here 😦

[opaque sable]

in switzerland? it's the only place where you're gonna get near-us level salaries

i've seen 200k for new grads in google

[weary path]

think this is very hard and prolly not L3. 150-170 is the usual at google

its roughly 1/2 of US i believe.

[opaque sable]

isnt google like $190k for ng in the us without nego

in london its like £90k

[weary path]

ah wut i thought a lot more in HCOL

[long raft]

90k base or 90k all in?

[opaque sable]

tc

levels has like half the postings around 90k and the other half at 110 so maybe im wrong idk

[long raft]

Maybe they bumped up the tc 🤔

Or people just enter their gbp salary and some enter gbp to usd salary

It’s so hard to find accurate date for London(and other Euro countries) , because of different currencies

[long raft]

Do you by any chance know palantirs? I have heard they are one of the few tech places that pay really good in London.

Did he/she intern there before? And how was/is the tech?

[opaque sable]

yeah thats what i've heard from palantir as well, like ~£110k

[long raft]

Yeah I watched a lot of product videos when I interviewed there it looked kinda interesting tech wise 😂

[opaque sable]

palantir have never put me past the cv screen in any year lmfao

[long raft]

I liked the Ferrari part 😂

[long raft]

I got moved to karat without OA. Had recruiter call and 1h later I got rejected

Everyone I spoke to had OA -> karat -> recruiter -> …

But maybe they changed it

[opaque sable]

1 hour 😭😭

[long raft]

Mine was karat -> recruiter call -> crying in the shower

Last step I Solved all the problems without help 😎😂

After this hard season I was a master in crying 😂🥸

That’s harsh…

[rose holly]

yo

[neat junco]

Anyone interviewed with linden shore?

Wondering how many rounds in total, and are they good?

[winged aurora]

I did all the interviews for palantir but died at the hiring manager round

They mainly use Java

Quite cool ngl

It was karat -> HR -> 2-3 technical -> hiring manager (also technical)

The interview for their delta and swe is exactly the same, so u can easily swap within palantir as u wish which is quite cool

Hmmm about there, my friend's TC at their NYC office is about 150k USD, looks about the same

[tulip sapphire]

@rose holly it's joever, Turing test has been broken with prompt eng

wait hold up you have your prof on discord 💀

[obtuse flame]

TC is that low? I thought palantir is 200k+

[rose holly]

i have a lot of my profs on discord

at least the CSC ones that aren’t ancient

[winged aurora]

Maybe their stock price fluctuates

But palantir wasn't that high

I think their base + yearly bonus etc minus stock is all around 120k USD. The rest of the packages like sign on and what not depends on ur nego, and rest is stocks

[tulip sapphire]

csc?

my friend got >200k from pltr

idk if he nego'd

[fast gazelle]

i wonder if pltr ever beat the market

[winged aurora]

Maybe my friend didn't nego as well so it's 200k

He didn't have another offer at that moment so maybe that's why

[rose holly]

Alexandr Want

[fast gazelle]

alexandr quant

[broken thorn]

wuant

[uncut steeple]

anyone up

[long raft]

It’s somewhere in the world right now 6PM so I guess 🤔

[uncut steeple]

many tropical places I presume

I just saw the linkedin of a guy

we attended the same clss

hes 25, and a VP PM at PIMCO now

I read that PMs take in a % of AUM as bonus? is this true

absolutely wild

[long raft]

I don’t Know. But it you know him and he’s a nice guy you can connect and ask him 🤔 why not get first hand experience

[uncut steeple]

don't know

yeah the flat mgmt fee

but he went from MFin straight to buy side PM

no prior IB exp. or finance exp.

Mfin isn't even a 2 yr mba

really makes me want to go back to school again

[winged aurora]

my comp has a profit sharing scheme where employees take a % of company profits as bonus. depends on ur level and what not the % is higher

[winged aurora]

this is cracked

[uncut steeple]

yeah but a flat % on say a 100mm portfolio is crazy

[winged aurora]

yea for sure

hardly see ppl going stright to pm without any exp

usually hf wants a track record of Sharpe ratio and what not to be a pm

[uncut steeple]

wonder what the progression is like

[cerulean elm]

PM aged 25? Insane

[long raft]

Sounds like a nice place to be 😂

[rugged rampart]

rentech

[weary path]

No this is peanuts after costs. you can barely employ 3 people at 150k each with that. I know a guy who runs a fund that has around 100-200m rn

usually HF operate at a 20/2 basis, 20% of the profits (if any) and 2% management fee.
The 2% management fee at a 100m fund usually barely (if) covers costs.

so the only real way of making money at 100m AUM is to actually… make money 😂

[long raft]

Uber plane 🥲😂

[broken thorn]

rent

[weary path]

2% mgt fee is the entire revenue. There are insane broker fees and other middle man costs that come into play. On top of that a huge chunk of the revenue also goes to the company to pay for cross team services like infra, offices etcz And then the PM has to use whats left to pay their teams salaries and themselves. You will be lucky if this boils down to over 100k per employee. At 150m at a small fund with 4 people the management fee boils down to an avg salary of 110k.

the usual revenue split between desks and company is around 30-50% to the desk and 50-70% to the company.

[broken thorn]

120% revenue split

[uncut steeple]

qringe is right (30 low end + 70 high end et etc)

thats really interesting though

[uncut steeple]

but imagine you scale this to 1B+ with the same team

that 2% is now 20mm

[weary path]

indeed but if you are able to acquire (and maintain) 1B AUM im assuming your fund is doing well already

[frank goblet]

is there a website showing which quant internships are open, i.e js, hrt, optiver, yada ya

[broken thorn]

is pratt csc accurate

https://github.com/pittcsc/Summer2023-Internships

[raw glen]

to an extent - i mean you can always check the link itself if a position is closed anyway

[quasi orbit]

are you allowed to use itertools during interviews

[twin cloud]

yes

[royal forge]

😂

[uncut steeple]

no softies

I will take that job at citadel , pls dm op for me

[proper wedge]

anyone knows point72?

[winged aurora]

Yea point72 is pretty big

One of the big players out there

They also have a systematic arm called cubist

Kind of like how millienum has worldquant

Their academy program is quite prestigious based on my knowledge

[proper wedge]

Thank you!

[proper wedge]

The asked me to provide a cover letter. Do you have any suggestions about it?
actually I dont have much quant background

my experience was mainly in math/statstics and computer science

[short patio]

provide a CV stating both your interest (demonstrated with evidence) and qualification

[proper wedge]

Thank you, but I dont think I can show much evidence of my interest on it

[short patio]

then simply lie and say you've always been interested in it from a young age and then dig yourself deeper into the lie

half joking

[proper wedge]

thank you! I see

I think they were looking for someone with machine learning knowledge and I just applied

[broken thorn]

you love machine learning because most interesting problems cannot be solved for the global optimum. finance is one of these problems

[signal bloom]

Class Suggestion for Junior
Numerical Methods or Managerial Finance? (time of these two classes conflict)

[grizzled osprey]

managerial finance hands down

i took numerical methods this term and its super boring

basically a bunch of algos to solve problems in calculus

well not solve but rather approximate the solution

[signal bloom]

Okay, Will take this in account

What does Managerial Finance help on?

[grizzled osprey]

idk, but im sure its more useful then NM lol 😜

[lost stratus]

they have an oa but idk anything else past that

[dry sequoia]

tiktok person

[lost stratus]

omc is one of the firms that can $400k new grad its pretty good

but wdym among other firms

like in terms of recruiting / resume screens?

swe

yeah definetly

its up there

[proper oracle]

When does new grad positions for quant traders open

[broken thorn]

how much can one trader lose before getting fired

get hired to sneak into competitors company and sabotage

[rose holly]

absolute fire

[keen grove]

need

[lost stratus]

What are all the firms that have shoes or footwear

Ik optiver shoes were given to ppl who made final right

[neat junco]

omc very solid

I was rejected after the hr round which is weird

[wraith wolf]

i got just socks

and stroupwaffles

and a mug

[keen grove]

someone across from me in the library has a physical copy of the green book lmao

[vague chasm]

what was the overall interview process like? pre interested in them

[neat junco]

i think there should be another phone round and 4-5 rounds of onsite

hopefully i will know next season

[vague chasm]

Damn, are you a sophomore then?

Or recruiting for new grad next season

[zenith sleet]

for new grad it was hr, tech phone, 3 rounds in person onsite (2 tech 1 chat with cto for swe)

i liked their environment, very smart but friendly and passionate ppl

[twin cloud]

citadel

you can choose between allbirds or nike airforce

[vague chasm]

ouuu that's cool, were the technical rounds lc-based and are you from target? they dont seem to be hosting recruiting events where im at 😦

[last herald]

Same

The mug was kinda ass but the stroupwaffles were gas

[zenith sleet]

tech rounds had a bit of lc but mostly computer architecture and c++, my school is t150 lol

[lost stratus]

What is your background/past internships like?

[scenic bison]

crud

[rugged rampart]

Fr

[lost stratus]

Were there any quant firms you didnt get an interview from?

[final garden]

Whats the best job to Intern at

As a Data Scientist?

[zenith sleet]

yea js hrt 5r radix etc

[fast gazelle]

i think he should've left amazon off the resume

[zenith sleet]

yea, i got resume rejected from js 3 years in a row

maybe school not good enough for swe or i didnt get into icpc finals idk

[last herald]

In what sense? Performance stuff?

[tulip sapphire]

expect it to be an infosession ime

you should not expect to see any improvements wrt recruiting chances accounting for correlation

[short patio]

it's radix isn't it

don't think all firms do

[rose holly]

Wow

Do you go to MIT

[short patio]

probably recruiting tactic right

just wine and dine you

and get you to apply

[rose holly]

They’re bribing you

[short patio]

doesn't mean much

[rose holly]

They might give you a red envelope

[short patio]

that is kinda weird tbh

u should ask how they got it

maybe through ur friends / prof 🤷‍♀️

or shady online websites

[long raft]

I wish to get invited to a dinner 😦

[short patio]

be cracked

[long raft]

Skills issue 😦

[short patio]

no unicorn? i would be shocked if you don't have relevant swe exp + t5

[short patio]

stop bitching and start grinding tbh

no other way to get better

correct, specifically with >= 1B valuation

you likely have very relevant experience and go to a t5

jump sure as hell won't come knocking on your t30 school

they like UIUC very much

forever school gapped

I was being facetious, obviously it would be nice to go to t5 but I'm fine

just that it would help for quant firms 🤷‍♀️ it is what it is

[golden cargo]

take T to be the set of all t5 students. Then there exists a subset, C ⊆ T, of t5 students cracked out of their minds. This set is non-empty and bounded. Take an arbitrary student *c *⋹ C, and we take you, s, to be an element of the set S of all students at all universities. We will prove that the difference c - s is infinitely large.

[broken thorn]

arbitrarily large

c - s = 1/epsilon

[golden cargo]

sure, or just generally n/m where m approaches zero

[broken thorn]

epsilon or no deal 😡

you will regret these wrods when i beome crack

[ocean gazelle]

jump’s uiuc fetish pisses me off

As someone who transferred out of uiuc cs

[runic grotto]

what did you transfer out to

[broken thorn]

bruh deleing messages

just make an alt account at that point

[ocean gazelle]

another t10

for scholarship reasons

[plain arrow]

Not at uiuc

But do quant firms have a pref if ur in grainger or not?

Or do they not care?

Honestly every kid should apply cs + x at uiuc no matter how stupid u are

That’s the advice i’d give any hs lurkers

CS + Animal Science

😋

CS + Geography would actually be interesting

[static musk]

im cs+x and heard back from a lot of quant firms idt it matters

but grainger cs is way more selective so im sure some of them know at least

[plain arrow]

W

Yea prolly not

Honestly avg recruiter for tech prolly thinks cs + x is double major

They might think ur like extra motivated

[static musk]

yeah i’d agree

the jump recruiter i met with said they liked the comp e majors here but not much beyond that

[final garden]

Whats the most accurate website for Quant salaries?

[final garden]

How?

Like apply through LinkedIn to a bunch of jobs?

[winged aurora]

Large part of quant tc is bonus so it's hard for you to find accurate numbers

[cerulean elm]

You don't need to be a T5 to break into a quant company

Tried and true tested method of getting in in undergrrad is just dual majoring math + CS somewhere half decent and doing undergrad research

Quant firms are honestly just looking for a proclivity to being heavily inclined towards creating clever solutions to hard problems, and the type of person that enjoys doing that enjoys doing mathematics and computer science of their own volition, and don't necessarily chase TC

Wanting to "become a quant" is a trap in that sense

You can't really treat it like medicine or law, because it's a lot harder to generate alpha than it is to be a doctor or a lawyer

[broken thorn]

what if im this but gpa is low (3.4 or 3.5)

[ocean gazelle]

iirc this only applies to qt/qr

qd = cs fine enough

also double majoring in math has largely diminishing returns if ur just doing it for the sake of recruiting

[cerulean elm]

It sitll helps to double major math even for qd

[cerulean elm]

Disagreed heavily

Double majoring in math makes development of the type of skills used in industry significantly easier than if you just majored in CS

You're still working on the implementation of mathematical models at the end of the day. Someone who majors in math and understands the mathematics quants use, even to a primitive level, will run circles around their equivalent CS majors

It still beats being a cs major

Most of the people at my old firm were physicists / mathematicians, including the devs

You can't really get that "it" factor just by being a leetcode donkey

Past a certain stage you have to be really good at solving hard problems, and mathematics prepares you to do it very well

[cerulean elm]

You're just fine imo

Math + CS at a regular school > CS at a top one

At least for QT / QR / QD

For FAANG I do not think so

Quant industry is addicted to math majors though, and that won't change anytime soon

[junior lance]

Is CS+Stats sufficient at a mid tier ivy?

[cerulean elm]

Yeah

As long as it isn't straight CS

Stats will push you closer to understanding the type of mathematics used in a more modern quant environment

Nobody is really using all that fancy mathematics as much anymore, it's largely just done with a rigorous understanding of probability and statistics, at buyside firms at least

[junior lance]

Yea stats seems like the right choice. It was either stats or math for my second degree and I choose stats

[cerulean elm]

Sell side quant places like GS rely far more on ODE's, PDE's, and Monte Carlo sims

They like pure maths a little bit more

But your comp is gated sell side imo

Unless you get a lot of promotions

Your typical quant funds like Jane Street, Two Sigma, HRT etc...all prefer people with very strong skills in probability, time series analysis, statistical methods, and all the classic stochastic calculus shit associated with quantitative finance

And you'll get a better grasp of that in a stats course

We did cover that in my maths course, but that's because I went out of my way for stats electives

And I honestly don't think my understanding of it is too sharp

If you haven't done abstract algebra or analysis, do that

[junior lance]

My requirement is 5 high level math classes so I can likely take all of them but I'm not 100% sure which to prioritize

[cerulean elm]

I don't know what kind of undergrad degree doesn't teach you those by sophomore year

What are they doing at ivies nowadays smh

[junior lance]

I'm a bit behind 😂

[cerulean elm]

Real Analysis is the foundation of a solid half of upper level mathematics courses, and is absolutely the foundation for getting an intuitive understanding of probability. It's a prerequisite to truly grasp stochastic calculus

Do analysis

Abstract Algebra is eh. You should be doing it in undergrad but you can get away with not doing it if you have strong linear algebra skills

Of the two, Abstract Algebra is far easier imo

[broken thorn]

not quite math tho, phys

[junior lance]

I have some friends in physics pursuing trading internships over the summer at worst it's slightly worse than math but quant industry harbors great respect for physics majors

[ocean gazelle]

I strongly disagree for this, sure math develops ur reasoning and creativity for algorithms and general quantitative stuff, but it simply doesn’t apply to the day to day work of the average QD

there are certain QD roles that are more trading heavy, where math could be useful, but that’s not the usual case at all

the math found in most cs curriculums suffices for QD

obv take what I say with a grain of salt and since I’m only speaking from what I’ve heard and seen

[ocean gazelle]

not necessarily

[cerulean elm]

The day to day work of a Quant dev can be picked up on the job, problem solving talent cant

The lc hards top tier funds ask for for QD positions is just a proxy for mathematical ability anyway, all my old friends who did mathematical olympiads can ace LC hards in less than 20 minutes

Intentionay practicing LC is just a poor imitation of the real intelligence its testing for

[cerulean elm]

To do the day to day tasks yes, but you need contextual awareness

[broken thorn]

based

[cerulean elm]

They want the best to perform those tasks, and that's usually those with the best mathematical ability, because at the end of the day CS is honestly just applied math

[broken thorn]

i want npc proofs instead of leetcode

give me stupidly abstract max flow reductions

[cerulean elm]

If you're really sharp at proofs you'll find leetcode easy

That's the honest truth

[broken thorn]

im number theory gapped for a good portion of the LC hards

[cerulean elm]

Real

[broken thorn]

i think ur right for the most part, but coding up a graph is something u need to learn beforehand too, doing a DFS requires like 8 variables to input

[cerulean elm]

LC skill is meant for the mathematically apt, as is quantitative development past the really low level stuff (whom tend to be EE's who are cracked at a different kind of mathematics)

[broken thorn]

ye

[cerulean elm]

What kind of structure are you DFS on

Jesus

[broken thorn]

when u need to include hashmap of visited nodes, cur node, edge list and graph representation, distance count, etc

[cerulean elm]

If you need all of those things for a solution it certainly cant be optimal

[broken thorn]

it can certainly be cleaner, but simulating an entire will still give correct time complexity

[cerulean elm]

How much lc you be doing jesus

[junior lance]

Yes I 100% agree, I noticed that the people who do or did well in competitive programming are really strong in math.

[broken thorn]

very little tbh

[junior lance]

A lot of the high ranking competitive programmers often place high in math competitions like putnam

[broken thorn]

finding soln 😄
coding up soln 😢

[cerulean elm]

People who say maths isnt necessary to be a good software engineer are coping

Since when can you be an engineer without maths

Wtf

[junior lance]

You can be a decent one without much math, but to be a great enginner you should have solid+ math

[broken thorn]

modeling stuff is needed for both math and CS, u can get by without it in cs but ur gonna have a hard time simplifying the dependencies and interactions down in order to understand them

[junior lance]

Project Euler can help with any math gaps

I picked up things here and there from it

I covered a sizable portion of my school's number theory class just from it 😹

[broken thorn]

what is project euler, a number theory focused version of codeforces without the competition?

[junior lance]

Yes.

The first 50-100 problems are good practice. I don't have enough knowledge to tackle the rest and they take a long time to solve if you don't have much time. However the first 100 or so are great practice and fun

[broken thorn]

sweet

ooh interseting

this stuff cool

like i conceptually know how to do it, just would also be annoying to write algo for but would help me with my coding skills too

[cerulean elm]

Yoooooo

Insane

Found you again

I'm a Quant now

[thorny gate]

do you have any resources outside of college classes to get good at proofs that make you better at LC

[junior lance]

Any Algorithm Analysis class will be good.

Introduction to Algorithms, the standard book is great for proofs that will make you better at LC.

Covers greedy proofs, DP proofs, hard graph proofs, etc...

[thorny gate]

do you guys take any advanced algo analysis classes, i already did the required one for my college but advanced ones feel overkill

[junior lance]

Overkill is better than underkill 🤷‍♂️

It's better to stomp problems than to just be on the margin.

[thorny gate]

facts

[amber veldt]

how helpful is placing well at citadel data competitions in recruitng

[thorny gate]

ik a guy who won and then got rejected in leadership call

[amber veldt]

damn tough

whats the leadership call

god thats brutal to get rejected after onsites

[thorny gate]

thats me

[cerulean elm]

Solve the problems for Axler's linear algebra, Tao's analysis, maybe an abstract algebra book

It honestly isnt that derp

Most upper level math topics reveal themselves to be very intuitive with rock solid fundamentals

Just solve questions in math textbooks with clear answers

I dont like Rudin

But I do like Tao's analysis, it's a fantastic book

And I like Axlers a lot too

For sys design have a read thru data intesinve applications

And for low level stuff just be decent at linux, read an os book, and know c++ to a decent level

If you can do that you're cracked

[cerulean elm]

Passion is grown through competency

[thorny gate]

so for QD interviews would u say if any math shows up it would be more on the proofs side instead of stats

most of my QD interviews in the past have been LC, but i got crushed by one induction problem

[cerulean elm]

Yes

You won't get asked stats unless role is ML adjacent

Though I've been asked basic stats before for qd

It's not common

[broken thorn]

to me it just seems like u truncate the bigger digits

which is modular arithmetic i guess? mod 10^10

[proper wedge]

where can I see the interview questions of quant?
I mean CS has glassdoor
btw have you read the two books A practical guide to quantitative finance interviews and Quant job interview Questions & Answers?

[junior lance]

Most people have read the green book yes. To get an idea of interview questions you can ask people who have interviewed at the firms you are interested in. IIRC Green book may or may not be sufficient depending on your interests.

[solemn talon]

anyone knows if grad degree helps with HFTs for dev roles?

[neat junco]

No

[cerulean elm]

Yeah

You got an internship?

[cerulean elm]

You can likely solve it under closed form with some number theory solution

Ah nice

Where you got hited

Hired

Give one of three

[broken thorn]

premature optimization is the root of all evil :3

n^2 is fine for n=1000

[cerulean elm]

CRACKED

3 huge names

Tho I think I know which one

[thorny gate]

why would you simp for palantir

also has anyone else been asked proofs in QD

[plain arrow]

i work at one of these companies: Dollar Tree, HRT, or RenTech

[cerulean elm]

HRT difficulty is overrated

I made it to a final stage with them not so long ago without doing any prep

Tower research however

Or drw

Yeesh

[cerulean elm]

Yes

[final garden]

HRT is crazy

Ive seen salaries of like $120 per hr as an intern

😭

[ocean gazelle]

wb them?

[plain arrow]

he means tower's hard asf

[ocean gazelle]

oh wtf that is not what ive anecdotally heard

had a friend ace tower for summer 23 last week lol

prolly

[plain arrow]

in what way were they harder than other firms?

jc

[ocean gazelle]

qt?

ah he did qd

[cerulean elm]

I did qr with drw qd with tower

[ocean gazelle]

prob team dependent like chaewon said, but my friend had zero c++ exp either

[cerulean elm]

C++ exp is firm dependent on their strat

[ocean gazelle]

he just asked to skip the c++ section of the interview

[cerulean elm]

Ngl

[ocean gazelle]

tower is a c++ firm no?

and they're hft too

[cerulean elm]

My old employer fucking nobody needed c++

[cerulean elm]

Idk

[ocean gazelle]

i know tower's strats are very hft oriented

and i spoke with a core dev working on c++

so i assume it cares for c++ exp

he'll prob be working on a mid-frequency team tho, since i doubt they'd let someone on the hf side skip c++ questions

[cerulean elm]

Used to be quant dev

Quant analyst rn

[last herald]

How’d you make that switch?

[cerulean elm]

Do a math major

[last herald]

I am, I meant specifically what you did lmao

[cerulean elm]

I just have quant dev exp, took courses on stochastic analysis and financial modeling, then applied and passed interviews

That was it

[last herald]

so not an internal transfer, had you been working full-time as a qd for a while or was the experience internships?

[cerulean elm]

Yes, I spent a year as a qd

[last herald]

can I dm you some more specific questions

[final garden]

Where did you take/find these courses

Do Firms care at all about Coursera/UDemy courses?

[thorny gate]

probably just college courses

[winged aurora]

I got offered quant analyst last time too for NG. From my experience the interviews place more emphasis on stats and financial knowledge, usually with a round dedicated to it. but if your workplace is a quant shop a large portion of it is still coding related. I rmb I did live coding and they asked some SQL and pandas things as well

Not a v big diff in interview process compared to QD

Mainly just foundational math like probabilities and distributions in my case, as well as things like financial products and how they work

[winged aurora]

They won't check all the mods in ur transcript I think so long you know and can answer in interviews u r ok

[winged aurora]

It's not necessary to be proficient in c++ for a lot of the NG roles out there based on my knowledge, cuz a lot of trading firms have internal training programs to bring you up to speed in the first couple months at least. That's why in the interview processes they usually let you answer questions in python or Java as well. It's more impt to be able to solve questions, cuz that's hard to teach

But having good solid knowledge in c++ is definitely a plus for sure

[lost stratus]

what places have you seen that let you interview in java?

the only big ones ik are 2s, citadel, jane street, and IMC, what are the others?

[cerulean elm]

University

[cerulean elm]

Sure

[winged aurora]

From what I know millienum and worldquant, point72 and cubist, DRW etc let you use programming languages other than C++ in interviews

[lost stratus]

o rit

[lost stratus]

is cubist part of point72 or does it function as its own entity away from point72 stuff

same question for millennium/worldquant^

[winged aurora]

They both function separately with their own HR and what not, and use their daddy's money to run their strats

[lost stratus]

are there any other firms that operate like this?

[final garden]

How important is Java?

[lost stratus]

@winged aurora do you happen to know if Tudor group / Xantium group are separated in the same way?

[lost stratus]

imc and 2s are probably the only firms (idk if there are any others) that use it for a majority of their codebases the others are team dependent

[winged aurora]

I am not too sure only familiar with them

[final garden]

Could I still get a job at TwoSigma without Java expierence?

[lost stratus]

he already said that lol

[junior lance]

Just curious, it seems that a significant amount of discord users in the CS and Quant space are enamored by the user trameski8. Why is that?

[rose holly]

Hooper is @solar axle alt confirmed

[solar axle]

No it isn’t

[junior lance]

Thanks.

[solar axle]

I deleted it

[junior lance]

Ah.

[solar axle]

I just wanna be happy :((

[scenic bison]

same

[rose holly]

I am also @solar axle’s alt

[gentle meadow]

trameski

u got citadel and google?

[fast gazelle]

they’re coping

probably got piped at citadel

[final garden]

Citi has to be one of the worst jobs to apply for

They ask for so much

[keen grove]

who?

[final garden]

Bro obviously citi bank

[uncut steeple]

citi custom cash 5%

best overall cash back I think

until you become a real baller and get the amex plat

[night topaz]

do all trading firms verify GPA?

from yall's experience

[swift mantle]

You have to send a transcript later so probably

[winged aurora]

Not just trading firms I think a lot of tech companies also do background check

Like ur criminal records, internship history, education transcripts etc

[obtuse flame]

Trader intern or full time traders?

[proper wedge]

sorry Im very new to this, I have two questions
first of all, how to find a complete list of quant companies?
I only know names such as Jane Street and Point72 at the moment

second, if I submit my resume to Jane Street, will I immediately get knocked out?
If there is a possibility to pass the resume stage, how should I modify my resume? I think the resume channel is for SDE?

enlighten me pls

I need enlightenment

[shadow estuary]

what does knocked out mean and of course there is a possiblity to pass because how else would they employ people, we dont have any details about you

[proper wedge]

Thank you. There are so many! I dont know if they sponsor visas tho

Im mainly looking for chances in Hong Kong 'cause Im a Chinese

Thank you! What does T20 mean?

I see, thank you

lol headhunters recommended me a company called PandTong in Hong Kong, I dislike its interview pretty much

didnt know Jane Street and Point72 have offices in Hong Kong until recently

the headhunters are pretty useless

Thank you, I see
I will check if each of them has an office in Hong Kong

or do they sponsor visas and I can directly go to the US? I need to search to collect more information about it

I see

so I aim at their offices in Hong Kong, or other areas in Asia

I finished my degrees in Asia

btw do you know where I can get advice on my resume for quant firms?
it might be hard to polish anyway tho because I do lack relevant experience

no but I think it is interesting to try it

to see how far I can go in the interview

If I post my resume on the resume channel can anyone give me advice if I want a quant job?

I will try it if my post is for quant

oh btw I sent my resume to two sigma before and it didnt move at all

do you mind if I @solar crest when posting it?

[shadow estuary]

do not trust levels

that is very likely fake

[proper wedge]

if I understand correctly, to prepare for QR interviews is like preparing for data scientist interviews, in which you prepare lc problems, math/stats and machine learning questions right?

and I should refer to the green book and the red book

[broken thorn]

in faang those ppl usually like

invented GAN

[proper wedge]

10+ YOE vs under 5 YOE

[lost stratus]

Thats not me lmao

[lost stratus]

My list is mostly us based firms

But athena capital research has a HK office

Hilbert technologies has a beijing office too

I think i saw some china quant firms on linkedin but i didnt rly look into it deeply since im in the us

[proper wedge]

Thank you, I see

do you think the small private hedge funds are worth applying?

I dont know if the term private hedge fund is correct

I see, thank you

[lost stratus]

Sometimes yes, there are some good ones out there, but there's also some new / tiny ones that are not really and can fail easily

[broken thorn]

gotta distinguish from public hedge funds like norway 😂

[last herald]

there are not real salaries lol

they pay well, not that well

at least not with only 2 YOE

[nocturne estuary]

How 2 get into HRT

Ok thanks

[junior lance]

Anyone here have experience with the Bridgewater Investment Associate role?

[nocturne estuary]

pass the interview

[junior lance]

Thanks Magic!

[finite sand]

i'm pretty sure these are actually real

since algo dev = quant research

but these are also likely the top end of the spectrum

[final garden]

I mean I guess if your really talented and can develop an algo that makes a fund billions I dont see they cant pay you $2.2mil

Btw the compensation is $300 or $350k base and like $1.8mil bonus

Its like 90% Bonus lol

[shadow estuary]

do u think a select few at hrt making millions with minimal yoe would decide to post their salaries on a tech website within 10 days of each other

[finite sand]

yeah who knows

from my understanding, base is generally capped at like <400k or something

[opaque sable]

it's real, one of those postings is me

[broken thorn]

im thebbonus

[final garden]

"Levels.fyi requires a proof document (Offer Letter, Pay Statement, etc) before publishing Verified Salaries. Compensation numbers published are within close margin of the real number (modified slightly for further anonymity)."

Modifies it by adding $1,500,000

[cerulean elm]

If you have the skill to make that kind of money at a firm you should just build a startup or focus on the dev gig scene

You can make 10x the money for one tenth of the effort with a little business sense

Quant companies are places to start a career imo

Not live one out

[cerulean elm]

Probability theory is drilled heaviest

[final garden]

What you mean dev gig scene?

Can you got into further detail

[cerulean elm]

I have friends that do things like design work, automation for companies etc. Private clients met through internet connections and the like. They typically either develop some sort of super specific micro-saas for some business or do some sort of business thing where they market building landing pages and charge each client 1k, then spend a day building it on webflow

There's a whole underground scene of devs pulling obscene money doing things like these

If all you care about is money I don't know why you wouldn't just build some business sense and do that over focusing on specific technical implementation details and skills that ultimately don't make you money

Because as long as you're an employee you're making someone else more money than you're getting paid

The people here won't want to hear it but there's enough people half as smart as all these fancy quant devs and quant researchers pulling way more cash

Hyperfixating on technical skills for TC is an idiot's game

[final garden]

Thats wild

[obtuse flame]

For trader intern it can be that they didn’t get return offer, since I think RO rate is ~50%

[obtuse flame]

I think decent cases are they pass js trading Interview because they had a good stats class and intuition, but didn’t get ro and can’t pass other interviews. Tho it’s true that a lot decide trading isn’t for them

[winged aurora]

In a lot of HFTs quant traders are primarily coding as well so if they pass the interviews it means that they have the fundamental to switch to swe as well

I guess that's a flexibility in HFTs since so many roles are heavy on coding

[uncut steeple]

GOOGLE!

[split lintel]

👩‍❤️‍👨

[cerulean elm]

https://tenor.com/view/cat-dancing-lol-funny-left-right-gif-7872234

[odd vector]

i remember there was specifically a competition last year amongst a small circle to see who could post the craziest fake offers on levels for hrt and a few other firms without them getting removed

but again obviously those offers are hilariously false

[junior lance]

Do you have any experience interviewing at HRT? What's the difference between Algo Dev and Core Dev. I've heard from friends at school that Algo Dev is essentially a Quantitative Researcher position.

OS questions? I'm preparing for the roles next year.

[odd vector]

algo dev is qr, core dev is normal swe, core dev has historically asked stuff that has been covered by ostep

[junior lance]

thanks!

Any other trivia I should cover over the summer?

[final garden]

lol wtf

[last herald]

having submitted data to levels, they do not do a great job of validating info lol

[junior lance]

They exaggerated the Cutler Group offer lmao. IIRC it was a 6 week internship that they extrapolated and got an egregious number.

[last herald]

yeah I've noticed similar things with internships

some places they count bonus/housing in hourly, other places they do not

some places they take hourly and expand monthly even if it's part-time

etc.

[final garden]

Whats the most accurate website for salaries then?

[last herald]

still levels lol

but especially if companies are either kinda memed (like hrt in this case) or very small, I would validate with people you know that work at those companies

[final garden]

Im 18 I know no one in the Quant space

[junior lance]

.fyi is generally accurate for large data sets. I wouldn't worry about using them to check salaries for well known firms.

However for small firms the numbers are likely inconsistent since TC is negotiated on a case by case basis.

[odd vector]

on average its still levels, but friends or salary data in discord.gg/csmajors is best

[final garden]

Thank you

[winged magnet]

do you know what the difference is in interviewing between algo eng and core swe

algo end is qd right?

[odd vector]

yep

[odd vector]

yeah the second phone interview changes for intern, for ng the diff is more significant

[winged magnet]

do they ask probability or stats?

[odd vector]

not for the intern interview

[winged magnet]

thanks

[odd vector]

theres trivia for both roles since both roles have the same first interview

the entire first round is posted on reddit

the second round seems to have been easy from what friends said, it was the first round that was tough

i didn't pass the first round for hrt since i don't have any os knowledge fwiw

ill learn it sometime later

[junior lance]

I heard it's rough even if you've taken OS 😹

[odd vector]

nah some of my friends self studied os and said it was fine (although they had seen the reddit comment with the interview content which definitely helped)

[junior lance]

Is the comment still up? I'm struggling to find it

[odd vector]

seems to have been deleted, nvm then

[long raft]

Doing things like that only hurts the community. Like there is no benefit from doing this. There is no pay transparency and sites like levels at least give you a starting point.

[odd vector]

i agree and i was not a part of that, i was just saying i heard about it through the grapevine and wanted to provide an example of how levels is being worsened

[long raft]

No worries I just wanted to point out why nobody should repeat it 😂

[winged magnet]

what would you say changes in the second phone

i thought hrt second phone was just lc

[ocean gazelle]

do you rec ostep or os concepts 10th edition for os trivia?

or what's more used ig

[junior lance]

OSTEP is preferred I believe.

It's seen as a panacea for OS 😹.

[ocean gazelle]

damn ok, i'll look into it

it doesnt cover distributed systems at all right

but its more readable afaik

[junior lance]

It does

https://pages.cs.wisc.edu/~remzi/OSTEP/dist-intro.pdf

[short patio]

it's like a one chapter thing

it's not a distributed systems textbook

[ocean gazelle]

alr cool, i'll read that instead

[zealous pendant]

Anyone done the process with Valkyrie for QR?

[neat junco]

You can apply for algo sde

It’s easier if you don’t know os

[neat junco]

Tbh I think junior levels don’t care too much about distributed

As long as you have the high level ideas like sharding/replication, load balancing and fault tolerance

Smth like paxos/3pc overkills

[solemn talon]

Anyone know how is the algo software engineering interview different from core dev at HRT?

[neat junco]

More algo

[solemn talon]

like more leetcode?

[neat junco]

Yes and some cpp/basic os

[solemn talon]

ohh nice, so very similar to core dev

[neat junco]

Not really

[solemn talon]

but competitive programming is not required to pass the OA/interviews right? lol

[neat junco]

Not required

At most lc hard

[solemn talon]

isnt core dev also lc, cpp and OS?

[neat junco]

Idt they ask lc

[solemn talon]

ohh okay, thanks for the info mate 👍

[broken thorn]

how big of a difference do you think 3.48 vs 3.5 is for quant trader applications? im one class away from 3.5

dont some places have cutoffs tho?

i thought cutoff was 3.5 (maybe 3.6 tho) at citadel, and lower at other places

opposite of grad schools then 😂

[short patio]

It’s not a cutoff but like the type of person that passes the interview also easily gets a 3.9 without trying very hard

[broken thorn]

makes sense

[opaque sable]

me and my 3.0 gonna be at jane street in a year just u wait

[broken thorn]

was just thinking about ur banner

want to pass resume screen so i can fail my interviews instead of never getting any

[opaque sable]

be a cool guy like me and fail resume screens and also interviews

[last herald]

When I talked to cit trading recruiter she said she personally throws away gpa under 3.8 😭