Jane street quant researcher reddit. ) in their sydney office (joining another one soon).

Jane street quant researcher reddit Notable Experiences: I’ve done a SWE internship for Google/Facebook this past summer and I’m going to return as either a SWE or Data Science / Quantitative analyst intern. you just don't get opportunities like that through any kind of general application process. I have this senior quant researcher coming to my university soon and he only has an undergrad in Theoretical Physics (from a top 3 uni). I have seen several posts and comments on this sub referring to the books by Hull and Shreve and discussing the use of stochastic calculus in quant finance. as Quant traders, how much preparation did you have? If you are a researcher, I think you need an inherent natural level of talent to even come close to doing the stuff they do. g. Share Add a Comment. FWIW quant trader gigs can be as good/better than quant research jobs at those sort of places. u frequently see them sponsoring maths yt channels like standupmaths and 3b1b If you are a graduate seeking advice that should have been asked in the megathread you may be banned if this post is judged to be evading the sub rules. Exit opps Let me explain. Basically what I'm trying to say is you need some way to stand out. I've What topics do they ask in interviews/OAs other than basic probability? Say, out of the following list of stats/probability topics, how many did you encounter at least once: more "esoteric" random variables (e. Trading desk head, partner-level/C-suite roles (e. For an average performer deciding between both firms, Jane Street will probably end up paying more. He told me, the best way to work for HFTs is to either be from top IITs with 9+ cgpa or have experience from foreign/American trading companies like Jane street. I also have quant aspirations but since I do not belong to iitb iitd iitk or iitm cse programmes I don’t think even look there is a use of time. Money will probably be no object to you if you get a quant offer. People here work incredibly hard during the day, but when they go home, they have the freedom to disconnect from work and Something like a third of resumes that I've seen have cover letters. Open menu Open navigation Go to Reddit Home. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. Work environment and peers. Well, I am doing my bachelors in comp sci/data sci. A subreddit for the quantitative finance: discussions, resources and research. Weekly Megathread: Hiring, Interview and Assignment Advice Does anyone know what the process is for Jane Street - Graduate Trader/Quant How typical is quant -> research / applied scientist- e. 22 votes, 17 comments. my team has a very high success rate. I revised my probability and permutation & combination topics. Jane Street Quant Research Interviews . In Fall 2016, I applied to a quant trading firm (Jane Street). "Jane Street Group was ordered to detail the secret Indian options strategy it alleges two former traders took to their new jobs at Millennium Management to the Manhattan federal judge overseeing Jane Street released a game called Figgie which is a recruiting tool. Thanks to everyone here :-) I recently had final round trading internship interviews with both Jane Street and IMC and did not get an offer from either. The thing that was distinctive about my Jane Street interview experience was that they made me do mental math - problems that would be easy if you wrote them down, but the interviewer said I had to do everything entirely in my head. It'll be somewhat heavy on signing bonus though (altho if u can stay ur regular bonus will compensate it disappearing). Or check it out in the app stores JP Morgan, RBC and has another internship lined up for DRW as a quantitative researcher. Not 15 months later it all blew up and he is on the hook for fraud or worse. I would have tried for quant in undergrad, but just never knew about it! My brain is much more suited to this kind of problem-solving than software engineering. 3 of the 4 rounds were on an interview by Jane street On the non-quant research role side of things absolutely. Have read their probability and markets interview guide but was Puzzle/problem solving nerds are often impulsively dismissive of Wall Street and all things associated with it, so having a puzzle page not only attracts the kind of talent Jane Street wants, but also immediately dispels concerns that, as a finance company, they might be a The former is certainly doable with a solid CS resume, a lot of hires that go into quant dev at Two Sigma/Citadel/Jane Street also recruit and get offers for Big N companies like Google and Facebook. The latter is especially attractive for people with portable strategies that can work within a hedge fund/asset manager (usually low-mid frequency arbitrage and event strategies, HFT/market making doesn’t lend itself well to this). Part trader, part engineer, all encompassing Jane Street is also a place that respects people’s time outside of the office. Sort by: These top mfe programs place a majority of their graduates into bulge brackets and not quant firms. ) There was also a bunch of the usual quant stuff. Da Vinci came in 2021-22, IMC in 2022-23 and TRC London came for SI in 2022-23. And this guy is one of the smartest in my country. Many of the core concepts you may encounter in our interviews are covered in this pdf. Quant Trading recruiting, US or UK, is from top ugrads directly. Based on my experience interviewing for quant trader / quant analyst (or junior quant researcher) and quant dev role, these are essential if you want to increase your chances: Solid programming skills, grind leetcode in python/c++, especially DP/Greedy. 53K subscribers in the quant community. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. Note that an 80 page version of this pdf used to exist, but it seems to have been Hey I interned at a market making quant firm (SIG, Optiver, IMC, Jane Street, Akuna etc. Or check it out in the app stores     TOPICS. 1&2 went well, the third was medium but the fourth onsite interview was dreadful. I just got an interview from Jane Street, and I go to a no name Canadian school (581-590 QS Ranking), lmao. 90K subscribers in the quant community. why these interviews tend to be described as difficult I've been interviewed by plenty of quant firms, and I always researched their interviews beforehand and talked to my mates who interviewed there. PhD quant here. just as school-selective as their quant jobs? I'm NOT talking about 'quant trading' or 'quant research' jobs at all, SWE strictly. TEAM. Thanks so much! Get the Reddit app Scan this QR code to download the app now. Open to both academic and applied research. Probably you can get a quant job in Goldman Sachs/BNP Paribas or Nomura from other branches/other IITs, but these aren’t really HFT firms and they don’t pay as much as Optiver and tower research. I’m also doing research with a grad student. For quant roles, only way to get in is possibly with experience. ) Can I expect similar level of pay in a quant research job? What companies offer best EV? (I've heard of only a handful Jane street, DE Shaw, SIG) What's the WLB of a quant? Building a ton of connections with other strong kids in your school is a #1 priority. I really like Jane Street, no complaints at all--culture is good, being a trader there is genuinely First of all, I wouldn't have gotten as far as I did without the information on this sub-Reddit. From there you’d just have to perform well. Can be important if your story is more confusing -- a fighter pilot wanting to do quant research requires a little more insight into plans and motivation than a math/cs major with two trading For quant research PhD is much more of a requirement, more because it shows an ability to do high quality research on long term projects than because of any specialist knowledge. Join the team that makes it happen. With that being said, I have absolutely no clue what to expect or what I should prepare, so I'd appreciate any information or advice. AFAIK only TRC, Da Vinci and IMC have hired from Pilani before (mostly only for software dev rather than quant). That is, be good at CS and you can score these through a standard interview process. Software Engineer -> Quant Trader Me - software engineer at FAANG, 4+ YOEs, top undergrad. 74K subscribers in the quant community. Sorry I can't help the people DMing me. Or check it out in the app stores For those of you with offers from Jane Street, Citadel, etc. I'm not a math/CS/quant/etc. Never changes that much but a small nicety that makes you seem more organized. Gaming. I am completely aware that my chances of working for Jane Street are close to 0 (especially as they reject most people straightaway without giving them a chance by some kind of tests, let alone by an interview, which is kinda weird View community ranking In the Top 1% of largest communities on Reddit. Please delete this Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. you'd also learn all you need to learn about Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. that is why jane street will take anyone who can solve REALLY tough maths problems. Or check it out in the app stores   I can only recall 4 rounds that were relevant to what the job would entail. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! Quant industry thankfully isn’t like Consulting (McKinsey, BCG, Bain) or IB (Goldman Sachs, Morgan Stanley). Or check it out in the app stores Are SWE jobs at Jane Street, Citadel, HRT, etc. Members Online Jane Street Avoids Disclosing Secrets to Millennium in Dispute View community ranking In the Top 1% of largest communities on Reddit. I enjoyed the first 3 very much 323 votes, 61 comments. So you can find a few quant positions at almost any buy-side firm. What else should I read/revise for it? What kind of questions can I expect if anyone applied for a similar position? my research has been pretty impactful and I'm very good at designing research plans for my juniors. You can learn about Jane Street's internship postings here. For lateral entry (as a quant) in these firms you ehhh. Is it worth pivoting in quant? I have a graduate degree in mathematics, and I have high level experience in math as a student (international math Olympiad. 1) The recruiting unlike popular belief jane street is not a n hft. Typically this role is the lead at prop shops (some that stand out as being pretty trader focused include Jane I just had a first round interview with Jane Street for a research intern position, and I needed interviewer prompting/help on every single question to get the right answer. Jane Street generally offers 2 internships cycles — one in the winter, and one in the summer. Tips on recruiting for quant trader roles: see title. After Matt Greenwood, the chief innovation officer of Two Sigma, the New York-based hedge fund, said a few weeks ago that mid-ranking quants are in a slough of despair, a New York recruiter says hedge fund quant developers on $600k probably need to prepare for a pay cut. and stuff like that. and their only requirments is for you to be insanely good at maths. would like to have a shot at trading but im also looking into cs phd programs. . Find out what Researchers are responsible for at Jane Street, what working functionally means to us and more about Got offered quant dev as full-time but also passed interviews as quant analyst. Internet Culture (Viral) Amazing Quant researcher is just what Jane street calls quant developer. I got into virtual on-site round at JS and was wondering if this would be the final round interview? What should I Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. The bonus can grow as your tenure grows. If you are doing research for the sake of getting noticed by a trading firm, then don't do it. ) in their sydney office (joining another one soon). Some questions I have: Based on this information what should my next steps be? Are my courses relevant to quant research roles? But you have to admit that Quantitative Traders need to be naturally intelligent becuase the job requires that. Hard to say how many new grads these firms hire but I’d estimate it’s in the low Following a recent salary increase, sources say that starting salaries for researchers and traders at Jane Street have been increased to $275k. Now this might seem pathetic but the Jane street onsite was the first interview I ever had in my life. 81K subscribers in the quant community. I don't know anything about Jane Street, but I'm sure that their senior quants are well compensated. Fortunate enough to land a first round for the Quant Research intern role. Jane Street Quant Researcher Intern Interview . I personally know a quite some of ppl switching from Google to HRT/Jane Sreet/Tower Research/Jump/Shaw as QR / Trader Jane Street's name is better (lookup "HRT" and see what the results are of, if you don't believe me) so if you want a company that has good fallbacks into the tech industry, JS will get you much farther. I recently applied for jane street internships received an email about some online maths test (4 Q in 30 min). I'll get asked dice probability questions you Among Investment banking, Sales and Trading, Quantitative Finance (Quantitative trading and quantitative research, quantitative development etc. Jane Street did a great job developing out this game! It is coded in Rust so some experience there is recommended but the level of knowledge needed isn't *too* bad I built out 2 player frameworks, but strategies are interchangeable between the two of course (event_driven can get quite crazy tho if the event produces multiple orders lolol): I think it's Jane Street - I know they're paying >£170k base to some people in London now. Get the Reddit app Scan this QR code to download the app now My background: I am a Master's student in the US in a CS related field. Most people working in Jane Street / Optiver are either Olympiad medalists or brilliant IIT graduatesI mean, hardwork will give you a good paying job, but 500k+ salary at these sectors requires you to be smarter than the smart guys Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. It teaches you the math/probability/stats Get the Reddit app Scan this QR code to download the app now (Heard on the street, complete guide to quant finance interviews, etc. Hello, there! I just saw the post "Significant Quant employers" and thought that it was time to update it since the topic interest everyone and is dead and not being updated. The goal is to think about UX research broadly and consider studies from related/overlapping disciplines (e. However, from online forums and youtube, I heard that once I mess up their interviews, they There is nothing like The Quant Guide on the internet — this course and platform is literally designed by 10 senior quants at Jane Street, Citadel, HRT. Get the Reddit app Scan this QR code to download the app now. There is much more prestige and much better compensation both right now and in the future. For a quant researcher the final round involved 4 interviews: brainteasers similar to previous rounds, brainteasers more mathematically involved, programming, trading game. From what friends at both companies say, the work at Jane Street involves more in-depth mathematics and modeling than at Optiver. Second and third had a betting game (only betting on certain outcomes, no advanced math or economics at all, formulated as a probability game) where you had to make the best strategy in multiple scenarios. Since, on some venues, the fill information is disseminated earlier than the publication of time and sales of done deals. , COO, Chief Risk Officer), buy-side PM at quant/systematic funds are common exits. That being said, it's certainly possible to come in as a trader or software dev then transition into quant after 2-3 years on job. Researchers at Jane Street are responsible for analyzing large datasets using a variety of machine learning techniques, building and testing models, The ~400k first year offer (including 75-100k sign on, so not recurring) is now standard at top shops like Jane Street Capital and HRT. conditional probability problems with dice or coins. A smattering of titles have been reluctantly adopted in recent years, but internally they are little used and people rotate around the firm to keep things fresh. Reflections from a senior quant I would like to add my reflections as someone who has worked as a quantitative researcher for several years since I feel that input from individuals that are actually working in the industry is sorely lacking here. In other words, they never speculate on the value of a stock like 2sigma and RenTec do, and try to avoid being exposed to the risk of holding assets in their books. CSCareerQuestions protests in solidarity with the developers who made third party Anyone here have experience with JS Quant Research interviews, specifically the coding ones? I kind of have an idea of what the math/probability/game theory questions are like, but looking for a better sense of what kind of programming questions they ask for Quant Research (as opposed to SWE). 18 votes, 26 comments. Or check it out in the app stores   Does Jane Street blacklist applicants? I’m interested in trader/quant researcher/SWE role, and was planning to apply as an intern upcoming cycle. Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. Many quants regard Jane Street to be the pinnacle of the quantitative trading world due to its position as a global leader in ETF trading and reputation for advanced quantitative analysis. If you want to be a Quant Researcher, then you'd definitely want some sort of advanced degree. Valheim; Genshin Impact cs undergrad too at a t20. I was a trader but also worked very closely with the Edit 2: JS didn't even bother interviewing me for any position for Summer 2023. gamma/beta distributions), hypothesis testing (z-test, chi-sq test, t-test, etc)/confidence intervals/p-values, markov chains, martingales/OST, parametric inference, In this post, we’re sitting down with a student who landed a quant trading internship at Jane Street for the coming summer. I have two offers one for a quant trader role and one for a researcher role. Anyone here have experience with JS Quant Research interviews, specifically the coding ones? I kind of have an idea of what the math/probability/game theory questions are like, but looking for a better sense of what kind of programming All the roles I am applying are Quant Researcher (aside from JS which is hybrid trader/researcher), Jane Street: Based in HK. Quant researcher interviews include the trader's interviews topics + programming + possibly Machine Learning. They look for a buy price higher than a sell price and make money off the difference. It's named after Jane Street in NYC, which apparently is named after Jane Gahn who owned a bunch of property in NYC back in the day. Quantitative Researcher . If you somehow were able to play that game to a very high level I assume you would get an interview. Please feel free to DM me as well. So if we assume the average If you care about location, Jane Street's only US office is in NYC while Optiver is in Chicago too. To me, these questions require practice so I thought I would post these questions here as sample questions so that future 5 years non-industry research experience, apply for graduate quant researcher roles? as title says -- I do quantitative research in academia and some fraction of my skills are certainly translatable to the quant role, but with no industry experience am led to believe i Just to clarify this is for Quant Trading and not Quant Research right? As for prep, Heard on the Street: Quantitative Questions from Wall Street Job Interviews will also help. I’m also not in CS, but what does that matter 💀 Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem there is a lot of overlap between people interested in academia and people who come work on quant research at Jane Street. It is pretty rare, though. and are designed to give you a deeper and more nuanced look into one of the many aspects of what trading and research can look like at Jane Street: Jane Street, the quantitative trading firm, takes its name from the street in Greenwich Village, Manhattan, New York City. ,) and whichever company gives you a shot, work your butt off to rise through the ladder. I just had a first round interview with Jane Street for a research intern position, and I needed interviewer prompting/help on every single question to get the right answer. Reply reply sinsinsin1234 Jane Street and Citadel will hire from plenty of universities (would probably need a top 10 uni at least for internships/new Jane Street Group was spared for now from having to share trade secrets with former traders it sued after they left for a rival firm. I had an interview there once, for the same internship. I am aiming for companies like Jane Street, Citadel and the likes. Imagine how hard it is getting into jane street as quant trader when applicants with perfect scores can't even get into these top mfe programs that don't even place well into quant firms. Jane Street Quant Research Intern Interview . One of my long distant cousin works for Graviton. in STEM + 5 years as a quant. I have heard that someone from an IIT got a Hong Kong internship from Jane Street but nothing more, the probability of even getting an interview is low. What happens to the more ambitious people? Share At Jane Street for example, traders do all desk specific research. It's also impossible to know those numbers unless you work in HR at Jane Street. Or check it out in the app stores I had the pleasure of engaging in a fascinating in-person discussion with a senior quant researcher at Citadel Securities. Incoming freshman here. Furthermore, Jane Street is renowned for its open View community ranking In the Top 1% of largest communities on Reddit. Quant research interview guide: an interview guide for quant research (not quant trading) roles. Like 80% of people applying to a quant finance role know "how to code," probably 50-60% "trade on the side. Find out what Researchers are responsible for at Jane Street, what working functionally means to us and more about an internship in Research. 88K subscribers in the quant community. Nope. Not quant in general just Jane Street/Citadel/etc. Beyond that, They don't pay me anywhere close to my value, given how much I've made the firm (my group has made the firm over 1bn and just my IC work makes investors a couple hundred mm per year). You will be at the top Currently torn between a few jobs for a new grad starting next yearmainly deciding between trader at Jane Street (interned there in the past), algo developer at HRT, quantitative researcher at Two Sigma, and quantitative researcher at Citadel. Optiver, Jane Street, etc. I'm surprise u/zlbb put Domeyard on here but missed all the other good quant firms in Boston. Quantitative Research at Jane Street. Had four phone interviews and then the oniste with 4 interviews. I received an email today confirming that I have been invited to a phone interview that they have said tests my Get the Reddit app Scan this QR code to download the app now. Citadel made 28B gross last year, and returned investors 16B net of fees. I think, in View community ranking In the Top 1% of largest communities on Reddit. Or check it out in the app stores   Nevertheless its Jane Street, 2 sigma, Hudson River Trading. He became a quant analyst, then jumped to senior quant developer in 3 years, and then in 4 years became a senior quant researcher. S. Did a ton of math competitions (4x AIME qualifier). have enjoyed research and it seems as if many hft/quant firms are cool w grad school View community ranking In the Top 5% of largest communities on Reddit. Nothing too special on the resume other than research and teaching assistant positions + some projects that won awards at hackathons hosted at another Canadian school (=27 QS Ranking). From what I can I have heard that people end up retiring in 30s or work as a quant trader until the end of their careers. I've gone Quantitative Research at Jane Street. US District Judge Paul Engelmayer on Thursday said Jane Street does not need to share a court-ordered disclosure with former traders Douglas Schadewald and Daniel Spottiswood and Millennium Management. I'm on track to be a quantitative researcher intern in Citadel for summer/spring 2021. Share this job . Companies like Citadel, Jane Street, Hudson River Trading, DE Shaw and Two Sigma all pay an insane amount for talent. I do not know much about the intern salaries there (or at least the range), I only know they are (relatively) high and am really curious about the numbers. A quant researcher at a prop shop or fund can reach that but they also expect a phd. I’ll have 3 SWE internships, 1 research paper, and 4 projects (mern, ios, c++/quant theory, and end to end chatgpt webapp). Currently completing a Masters in Theoretical Physics, with a paper to be submitted to Physical Review by the end of the year. I think there are lots of good Quant researcher roles where the work life balance is pretty good for 12 votes, 11 comments. Jane Street Interview Interviews Hi everyone, I'm a student going into my second year of mathematics at university in the UK and recently applied to Jane Streets quantitative trading 2023 summer internship program (London). My question is, is this a common route taken? Is he an exception? Get the Reddit app Scan this QR code to download the app now. The Pay is insane ($450k), they hire some of the smartest people. 83 votes, 63 comments. HKG, Full-Time: New Grad Job description * Required fields Get the Reddit app Scan this QR code to download the app now. But I think that has more to do with the kind of problems people enjoy solving. offer opportunities in a variety of disciplines — quantitative trading, machine learning, software engineering, quantitative research, strategy and Hi, so I just recently got informed that I'll be moving on to the final round (in-person) for quant trader intern at Jane Street, and I really want to make the most of this opportunity. Some of my mates say that the upside and career trajectory (comp) is better on the quant trading side compared to quant research 3-4 yoe. I added a new Category (Crowdsourced / decentralized) and kept the Optiver and Tower Research hire from IIT Bombay only (not even Kanpur Kharagpur Madras), and from CSE/EEE branches only. If you work in any decent firm then what you achieve matters more for your income and ability to get hired elsewhere than the “prestige” which is primarily shorthand for “places new grads with no experience think are cool” A community for sharing and discussing UX research. Quantitative Research test. More importantly however, the behavior of reddit leadership in implementing these So as the titlr/e says, guys here who were able to bag internship or full time roles in the quantitative trading firms ( DE Shaw , Jane Street , tower research capital etc ) either for Software or quant roles By the way, Jane Street is a little different they do high frequency arbitrage. The #1 social media platform for MCAT advice. I applied to Jane Streets Quant Trading internship in 2019. as people form top iits generally fall in that criteria that is why they only go there. The internship is a great way to secure a full-time job. (e. in tech? role, and asset class. Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. Work life balance. major (just finance), but passed the pre-tests just off the mental math and stuff. Questions about Quant Research Jane Street internship . 20% of Citadel's investors are employees, possibly more (and the amount invested in the fund grows disproportionately with seniority/role), so in total citadel staff and board made 12B fees + Instead, Jane Street almost resembles an anarchist commune, informally led by a group of 30 or 40 senior executives. quant research, quant trader, and developer. They had me take a HackerRank test for which I was told it was going to be on 'basic math and probability'. You clearly don’t know what you’re talking about, the job title for optiver and jump trading is quant developer. How was the interview? Any tips? Thanks! Related Topics Careers Financial career Careers comments sorted by I think I read somewhere that Jane Street summer interns were getting around 25k for 3 months (plus flights and accommodation paid assuming you have to travel), but that was a while back and was anecdotal Hi, so I am thinking of applying for a quantitative trading/research internship for 2021 (know it is a long way, but prefer to think in advance), and looking mostly at HF/prop shops in London. Hard to say how many new grads these firms hire but I’d estimate it’s in the low hundreds. Quantitative Research. October 13, 2016. This is including all technical roles i. If we're talking USD, 500k is reasonable at the citadel and `Jane `street. Apply. Not the headquarters but still has a few hundred employees and a very big quant team. No, internship 3 rounds before onsite. , market research, medical anthropology, public health, design research). You can move to other firms like two sigma or Jane street with your experience. I'm planning to apply Jane Street this fall and will see how it goes. Or check it out in the app stores Highest starting salary I know is 450k as a quant trader at Jane street. 80000 hours quant trading guide: a pdf giving an overview of quant trading (not quant research or quant dev). Trading, Research, and Machine Learning. Everyone applying to a quant finance role has a quantitative major. - pro: Low tax, high payroll, low turnover, good WLB, better culture (collab), brighter people and solid internship program. If you’re after quant research at Jane Street / Citadel tier, there are certainly no more than a few hundred (probably closer to or less I’ve been working as quant researcher as a well known prop shop, considering pivoting for personal reasons. That's roughly how easy/hard it is. This site uses cookies to help us learn and improve. I'm currently a sophomore looking to apply for quant internships this summer. Try to check glassdoor especially some top tier prop trading firms such as Jane Street, Akuna, Optiver, IMC, SIG, Citadel, etc I found trader interviews involve mental math, probability & stats, behavioural topics. He boasts an impressive academic background with a BSc, MSc, PhD, and post-doc in mathematics, specializing in probability S: Jane Street / HRT / Jump / Citsec A: Optiver / XTX Markets / 2Sigma / 5Rings / DE Shaw B: IMC / SIG / DRW / Tower Research C: Flow Traders / Da Vinci / Akuna / Valkyrie In some forums I‘ve read that TGS and RenTech are sort of regarded as the GOAT quant firms, but I know noone who knows anyone working there. Most of the positions are either quant researcher, quant dev or just software engineer. Internet Culture (Viral) Amazing Jane Street Quant Research Intern Interview . Jane Street Capital is a quantitative trading firm with its headquarters based out of New York City. Quant Traders and Quant Software Devs typically only have bachelors degrees. some of the most stellar careers I've seen (and you've read about) involve a college friend pulling you to a 10 person new firm called Jane Street. **New to research? View community ranking In the Top 5% of largest communities on Reddit. Researchers at Jane Street are responsible for analyzing large datasets using a variety of machine learning techniques, building and testing models, creating new trading strategies and writing the code that implements them. 400k TC. there's more overlap in a back office quant role, but it's still not a big enough overlap to offset someone with the equivalent number of years in industry I am a Master's student in the US and have received an offer for a Quantitative Researcher Intern at a prop shop/hedge fund (similar to Jane Street and Citadel but less prestigious). I’m pretty familiar with the MIT MFin program (went there for undergrad) and have a close friend who went to Princeton MFin so can only speak on those. It says rising junior for me because I’ll have junior status and will be taking upper div courses. If you plan on staying their long-term then HRT is better TC-wise though both have competitive pay especially compared to some other firms. I’ve never done quant finance so I’ll leave it to others to tell you how to prepare for that. Hey guys, anybody else also interviewing for the quant research role? I looked online and it seems like round 1 is probability questions, but there isn’t much info for rounds after that. Copied! About the Position. PDF Probability and Markets Guide. They said the first round is a 20-30 mins (but could go up to an hour) interview where they will ask me math and probability questions. MIT’s MFin program can be quantitative as MFEs if you want to (just half the people don’t want to be quants). First round had 2 probability problems, not very difficult. e. The ~400k first year offer (including 75-100k sign on, so not recurring) is now standard at top shops like Jane Street Capital and HRT. Someone has linked to this thread from another place on reddit: [r/4xtrading] Jane Street is stumbling. The founders chose the name as a nod to the vibrant and diverse community they aimed to cultivate within their company, mirroring the Anyone here have experience with JS Quant Research interviews, specifically the coding ones? I kind of have an idea of what the math/probability/game theory questions are like, but looking for a better sense of what kind of programming questions they ask for Quant Research (as opposed to SWE). Quant Researcher/Trader: $400k - $5M Quant PM: $1M - $20M. I would advise to not even look at Jane Street or any other quant firm because they’d instantly reject you based on your JEE Adv rank and as someone else mentioned very few people get the job. Of the quant firms out there, I'm guessing around 30-40% of them or so are adamant about recruiting PhDs only, but plenty of the big players out there (including DE Shaw, Two Sigma, Citadel (Securities), HRT, and Jane Street) do consider all degree levels. I got a Jane Street Quant Research Internship interview. First would like to note that I think the concept of “resume material” for a full time QR position is pretty dreary. - con: Is there any?Its prob hands-down best choice for me. " Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. I am aware of PMs getting paid +$50M in the most successful teams Quant Developers: $300k - 1M Welcome to FXGears. I was dropped from Jane Street's quant research & trading application processes, but I'm currently being considered for Sales and Trading. Quantitative Trading. That's a better role but it's a trading role, not research. Quant trader researcher or developer, any wear suits in office? Quant firm is going be better in the long term. Does Jane Street have faster connectivity to other venues with similar products, and so they can aggressively take against makers knowing that the market is already higher or lower elsewhere. Books I've started looking at: Option Volatility and Pricing, Natenberg Python for Data Analysis, McKinney Frequently Asked Questions in Quantitative Finance, Wilmott Let's please not confuse Quant Research and Quant Trading. I just finished 2nd-year (of 4 years) bachelor's degree in Artificial Intelligence at Edinburgh. The two former Jane Street Group traders accused of stealing an Indian options-trading strategy for Millennium Management countersued their old firm, saying they left because they were . Probably quant trader and quant analyst as well but I The whole industry is moving towards quantitative methodologies even if they aren't 100% driven by a quantitative process. We are looking for quantum-inspired algorithms Summer Associates to work at the Quantitative Research at Jane Street. Now, consider, at the time this was a 28yr old man, who had sat at Jane Street, moved into crypto, started his own trading firm, then his own exchange and had VCs handing him billions in funding. mod tools, and other features not found in the first party app. Jane Street is a whole another beast. Entry-level software development engineers are now on salaries of $250k. Quant trader comps are insane, but it’s for a good reason. Skip to main content. ) and Data Science (Either in tech industry or finance or F500), which would be a lucrative option - In terms of - Compensation (Base+Bonus). “It's not easy being a hedge fund quant or quant developer. academic research != quant research and there are very few things that overlap. For some reason people act a bit funny about naming companies like this but in reality it's only maybe two or three firms that will make such Jane Street is a quantitative trading firm and liquidity provider with a unique focus on technology and collaborative problem solving. ughoyt ijezip dfla jzutjz pkr aupxc vzcfpi jfl tbofdcep hifac