SIG - Junior undergrad
Hey, I'm an undergrad junior and will be working with the Susquehanna International Group (SIG) as an Assistant Trader over the summer. I was wondering what people on here think of SIG. Also how highly is an internship with them viewed vis-a-vis a sales and trading internship at a bulge bracket bank, say Barcap, JPM, Citi or GS. The interview process was brutal, and they're big on education/poker so I feel like I will learn a fair amount.
Thanks for any and all insight.
Worked last summer with a guy who traded Eq. Derivs for them after S&T at JPM. They are a legit shop and they are well regarded. If your intent is to stay in S&T, SIG is top notch. Outside of S&T they are probably completely unknown.
I really enjoyed working with SIG as a cp. They are a good shop and nice folks.
1) You'll learn a lot with this summer, they do a great job with their internship program, although their emphasis on poker is way too overextended.
2) SIG is becoming more corporate as it becomes larger. I'm sure some will disagree, but you really want to be trading at a lean prop firm starting out. Think Jane Street with ~200 employees.
3) Other than prop at GS, I can't think of a BB that MIT students consistently turn down ft offers at SIG for. I see this as being relevant only because SIG recruits beyond reason @ MIT when compared to other schools.
4) Jeff Yass is still the shit, even though SIG is outside Philly
5) Relative to other prop shops, I'd rank SIG #4 (Behind Jane Street, DRW, and GETCO)
SIG is way bigger than ~200... hell even jane street is like sub 100's now
Is that not what I said? SIG is becoming increasingly corporate.
Jane Street is not sub 100. It was in the 190's a few months ago, hence the ~200. I consider that to be lean for the capital they have. Last I heard, they had just over 2 billion, but I say that with much hesitance.
SIG has most of their traders play poker for a relatively large number of hours per week and even has employees that are essentially poker tutors. They also love toting their star poker players (Bill Chen comes to mind). As an intern, you'll be playing poker at least 5 hours a week and will have a tournament at the end of the summer. Probability/Decision making with incomplete info can be applied in numerous games, that's just their recruiting edge.
What is so special about GETCO, I was under the assumption that it was just another high frequency shop?
"I'm a fly Malcolm X, buy any jeans necessary."
As a junior, SIG is a great place to learn to trade and like cats said, is well regarded w/in S&T. a lot of people dont end up staying too long though due to the payout structure and resulting opporutnity costs
beware of their 3-year noncompete from the day you start. they will milk the life out of you for the first 3 years for sub-par pay. after that, pay improves but there is still a 1-year non-compete from the day you quit. sure makes things difficult if you find yourself not liking the place.
what do you guys mean about putting alot of emphasis on poker?
5 hours is not much.
"they will milk the life out of you for the first 3 years for sub-par pay"
what do you mean by sub-par pay, how much are we talking?
I don't think any other prop firm makes poker as large a part of their culture as SIG, but a lot of top prop firms(JSC, CTC, DRW) like poker players as well.
Jane Street manages about 650mm, not 2 bl. And the starting salary is 100k.
Unless they recently dramatically changed first year compensation @ Jane Street I was told by a friend who works there that it is ~70k with an average first year bonus of 60k+.
650m seems very low, can you give more insight into how you know this or could anyone who knows post?
You're a freshman in college, so stop posting false information if you clearly don't know what you're talking about. Not to single you out, but it is absurd how much false information there is on this website.
Is there any recent data on SIG? How are they currently positioned?
I'd be interested too in having more information about SIG... more specifically how would you guys compare DRW vs SIG? Both seems to be big on market making, are there any specific difference I should know about? SIG seems to have a bigger brand name in S&T, would you guys say that SIG provide better "exit opportunities" then DRW? Is their market making class as amazing as they suggest?
Thx, hopefully some you guys can answer some of my concerns!
.
Looking for work and am interested in working at SIG. Does anyone know anyone who might get me an interview there? If so I can PM you my details and such.
Thanks, and sorry for the self promotion, but that's life.
You looking at Philly or NYC?
Talking to me Anthony?
Yes
I'm looking to hopefully get into the head office - I was lucky enough to have a conversation with an ex trader and she told me that probably the best opportunities were at the HQ because that's where the majority of the products are traded.
Also, if I'm not mistaken, at least a 3 month stint of the training takes place there anyway, but I could have gotten that wrong.
Why do you ask?
Because I know a recruiter in Philadelphia. Well, I have spoken with her before. But you don't want Philly.
OH....heeeyyyy buddy. How's it goinnnn? :P
But why don't I want philly? Is it just a bad place to be?
Like I mean is it that the city's not as cool as new york (cause I know that the city is like 1/3 the size of chicago, where I'm at, so that might be a little smaller that what I'm used to)?
Also, since you mentioned it, if it wouldn't be awkward to say hi to this person again, sending my resume her way would be a huge gigantic favor. If it's cool PM me and I can shoot you a copy!
PM me and I will give you her contact info. She is nice and responds to emails, but I do not know her to the point where my intro would carry any weight.
But yeah what's with the 'not filly' thing. Super curious now.
SIG assistant trader interview questions. (Originally Posted: 07/25/2013)
Hi all, I have a phone screen for SIG for an assistant trader position and was wondering what sort of questions to expect? If anybody had any info it'd be great. Thanks a lot, T
PM me, if you want some examples.
Yeah same, PM me. I have a few pages worth of examples
Hey Markov, Peyo, I've a SIG interview coming up and have went through all the glassdoor questions and could do with some new questions.
Since I'm so new I cant PM you, would ye mind pm'ing them onto me.
Thanks so much, CIT
Hi CIT, any luck on getting those questions? If so, can you please pass them along to me?
I have a phone screen next week.
Thanks, TT
Kids these days can't even google glassdoor
You need to focus on the typical probability/quant that can be easily found via google brainteasers
SIG Assistant Trader Program (Originally Posted: 09/09/2011)
They're not recruiting on my campus, what are the chances for me to get hired with them?
I feel like I fit their corporate culture perfectly... but I feel like if I just apply online, I won't even be looked at. How do I get the interview?!?
Network
i'm not sure that's going to work so well for SIG
are you majoring in something quantitative with a good gpa?
They are not recruiting on my campus either but a couple days ago I got an email from an alumnus that currently works there. Too bad they're only looking for full-time and I'm not graduating.
Anyways, the OP definitely has a chance. Just network your ass off and reach out to some alum that already work there and you'll probably get an interview with a good GPA.
Do you have something that makes you stand out from the other applicants? Have you played high stakes poker? Are you a chess grandmaster? World ranked backgammon player? Have you competed at a national/international level in a sport?
SIG gets a lot of applications. They turn away the majority of target kids. From a non-target you really need something big to stand out.
To trader530, got an phone interview this coming week with them. from a non-target for SIG 'impossible is nothing.'
Gekko, is this for their US office?
yes sir
mind if i ask how you got the interview?
I just applied through their website. Took my shot and got lucky.
Just apply. And alumni work there?
SIG first round phone interview for assistant trader internships? (Originally Posted: 09/29/2011)
I know to expect some probability questions but are there any specific concepts I should brush up on? Or does anybody have some specific examples of questions that I could PM? Thanks.
Easy probability problems. I would suggest you go through interview problems on Glassdoor.
Make sure you are well prepared with behavior problems. I stumbled on some of those.
Good luck.
1st round @ sig is straight probability type questions. They may even use the same question set in every interview.
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