HRT vs Balyasny
Hello everybody.
I am a quant researcher with 1 YOE in systematic equities where I used to work on strategies. I have two offers; the first is from BAM in a pod to do the same thing basically and the other on HRT on fixed income, but more on the quant analytics/swe side of the business where I will be in charge of building the fixed income analytics tools. garenteed TC in HRT is slightly higher but I dont think the final TC will be different unless I end up joining a failing pod in BAM. HRT also told me I can move into doing more alpha stuff in like 2 y. What would you suggest I do ? I like HRT culture more but I want to be exposed to strategies.
Best.
If you are joining a bam in systematic/ quant it will almost certainly be a failing pod
Do they have such a bad reputation for doing systematic stuff, their quant anthem program seems to be fine.
HRT no brainer dude
I dont know from personal or secondhand experience, but I assume hrt is a well run place where if you do a good job you can eventually move into something you want to do.
Pod blowup rates are probably like 80%. Not sure why BAM is bad for quant though, poor data infrastructure?
if it is 80% after 5 years, I am fine I will be all set for my next job by then
Except, given this figure and, assuming independence, I believe the probability of a blowout in a single year is quite high ~ 27.5 % :)
Anyway, it sounds like you're leaning towards BAM. Personally, I'd want to know the Sharpe and AUM of the pod, their track record amongst a host of other things, e.g. infrastructure, access to data sets, plans for expanding the pod before deciding.
are pod blowout rates really as high as 80%?
BAM is not bad for quants. Actually BAM is one of the big 4 multi strategy HF and aim to develop (like P72 and Millennium are aiming to) their quant side over the next years (they all have already started doing so, Citadel did the transition even earlier). BAM was initially launched for L/S , kind of similar to P72 in that way. Infra and data are on point (but this is the case for all the 4 big HFs). They are not famous for systematic since inception that’s it. Given the name prestige and the ressources of BAM, I believe systematics growth perspective there is very promising
The pod has done a good year, but they only have been running for a year. I know a rough oom of their AUM. Also it seems that BAM is willing to reshuffle people people when their pod bursts.
lol i am interviewing for same team i think ... sounds grim
Yeah it sounded that there is a very high likelihood of getting pigeonholed as a guy who doesn't know how to do alpha research and only knows how to price exotics.
any advice on the interview process for someone that's gone through it? apparently there is some kind of a python test. i never know what to expect tbh. is it data structures? what makes sense from a preparation standpoint?
sounds like overall not the best option but also i guess i prefer being prepared
just DMed you.
Anyone have any insight into the equities model test?
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