How to break into tier 0 shops/funds like Rentech/XTX

I'm not delusional. I don't think I'm destined for these firms. This is more of a general curiosity of their hiring process post. The conventional wisdom collected from comments under similar posts seems to always revolve around needing a PhD in hardcore STEM from a top universities. But a decent chunk of the people at any reputable firms have that. So clearly that's not what distinguishes the people hired by the mythical tier 0s. 

Meanwhile, most firms have some sort of hiring pipelines. Most commonly, it's the internship -> full time pipeline. On top of this, firms will occasionally hire a small number full time grads and of course some experienced hires. The process is of course incredibly challenging, but theoretically paths exist. 

For firms like Rentech and XTX, however, it doesn't even look like they have an application portals for QR-like roles, whether it's internships, grads, or experienced hires. Is it just that they are not hiring? If so, how come most of the industry is hiring new talent whilst the top dogs aren't? Surely it's usually the other way around no? The other theory I've heard is that they only hire through headhunting and referrals. In which case, I am curious as to what one can do to get a shot. Obviously there is the elite STEM PhD, but again tons of people (most of the industry) have elite STEM PhDs. So what else would one need to differentiate themselves further?

6 Comments
 

If you were destined you would be talented enough to find this out or have them contact you. Within 5 minutes I found a public portal to submit a resume to rentech, took very little creativity with Google and URL’s Frankly this ego centric and messianic view on your life will get you know where, be humble, learn from others, ask thoughtfully, provide value.

 
  1. Rentech (and XTX) has no portal for QR roles (not just right now, I check regularly). 
  2. There is no ego here. No delusion that I am close to being talented enough to be destined for these firms (see first two sentences for the post). I'm merely interested in their hiring practices. And if they are not hiring for some reason, I think it's useful to understand why considering the prestige they hold in the industry. If you wanted to work in banking, and you found out GS TMT (I hope this is the right analogy) stopped hiring for years, wouldn't you like to know why? 
  3. If they are hiring, even if I'm not talented enough to work at these firms, I'd like to know what qualities they are looking for so I know what I should work on. 
  4. Asking thoughtfully and learning from others is what I intended to do with this post. My apologies if that didn't come across. 
 
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Ok…go on the career pages for the 3 top Ivy League schools and MIT…click on the shcool only job board…you’ll notice how it’s locked behind a student login portal…go to the URL…delete some stuff…there you go…there’s also pretty obvious “hidden portals” in the webpages if you understand imbedded links or how to access these…many more creative ways to get access…nearfield someone at an academic lecture you would presume has access to these places…there’s a mass repository of emails to and fro from banks with allocations to UHNWI for these funds…contacts, numbers and etc info is there…this generation lacks any scrappiness…if you desire knowledge you can attain it in today’s world…takes small amounts of creativity and curiosity…if you had 2% of the talent you need to perform at these places you’d be able to figure most of this on your own…not to mention…go build your own impressive research and publish it publicly…chongqing regions have inefficient supply demand pricing for compute and population demand is high…do some research here, make a lot of money publish and people will take note…go connect with some billionaires in the field…if you are impressive/have something unique to say they will chat…HRT and XTX execs are happy to chat

 

Many people there are good but not amazing, just like anywhere else. They got in early or were in the right place and right time. Rentech used to hire professors who referred others in their academic networks, but were not looking for any specific field, the phd itself doesn't matter. Many other firms copied their hiring approach with much less success. XTX has less than 20 people in their core team who were all with Gerko from the beginning, and hires only when someone leaves. You can try asking Gerko on linkedin, he will probably respond.

 

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