DE Shaw vs. Traditional HFs
Hi all,
I recently received an offer for Summer 2020 for a prop trading internship at DE Shaw. I have interviews at other firms (Jane Street, Bridgewater, Akuna, Citadel, etc.) but am fairly certain about accepting DE Shaw's offer. I'm wondering how the DE Shaw internship experience/exit opps compare to those of these other firms. Also, what desks are the best to work on at DE Shaw if I want something that's more qualitative than quant-y?
Hi Intern in HF - Other, whoops, looks like nobody chimed in here.... maybe one of these discussions below is relevant:
More suggestions...
Fingers crossed that one of those helps you.
Following up on this to see if anyone has any input :)
I don't know anything about desks at DE Shaw but just accept the offer. The only firm on your list that I would consider instead is Citadel, but you can't wait around for something that's not guaranteed. This is an amazing opportunity, good job.
Thanks! I'm planning on waiting for a week or two to go through with all the interviews I'd previously scheduled. From what I've heard about Shaw, their culture seems like something I'd enjoy working in and I like that I'd have a chance to do non-quant work in a tech-y atmosphere.
From what I've heard about Citadel's high turnover and ultra-competitive culture, I'm not sure whether that would be something I'd enjoy as a career.
In general, what are good ways to go about choosing a desk to work on? This would be my first experience at an HF, and I'm not sure how to decide which would be a good fit for me.
I'm surprised you're allowed to wait that long to respond to an offer. Honestly, I have no idea how to pick between desks. I'm not fortunate enough to be in that situation. However, I hold people as the most important. Whoever you'd prefer to spend the most time with is my recommendation.
OP, which city is this for? I'm applying right now to their London internship and kind of freaked out when I saw that they are already giving out offers. Is your offer for the US?
Yes, this is for a US office.
Thanks, and congrats on the offer!
DE Shaw is not a prop firm....they are a hedge fund with a quant slant
Yep! They do have prop trading roles, though.
actually they do a bit of everything like citadel
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