Learn Python? | Incoming L/S Equity Summer Analyst at Citadel/P72/Millennium

Is python a plus for an entry level fundamental L/S analyst at a big pod to have? Seems like it may take tasks of your team's hands and make them efficient? 


For perspective, I'm a current econ student at Oxford/Cambridge and have been fortunate to get an offer for one of those big 3 pods in fundamental L/S equity for a summer role. I have zero coding skills - it worth it to build a basic level of aptitude in python before I start? I'm keen to, at least in some sense, be of genuine value to the team I'm going to be in, although net I do recognise that I will be a burden. 


During the interviews, a PM said that python was something he did not have a skillset in and liked it when analysts could automate things in that way. 

 

Good skill especially if there isn’t a data scientist on the team, but modeling is more important t

 

Hello, am in a similar position too HAHA.

Agree with most that modelling seems to be the way to go. Even though I had a previous IB internship, I don’t think my modelling is good enough, so been honing that when I can.

I think if your modelling is pretty polished, always good to learn something more? Though I think effort may be better spent on pitching some stocks on your own/general reading up into companies and books. Python may not be THAT helpful as these large MMHFs have their own data science people/programmers helping out for the pods (From what I hear from Citadel and P72).

Good luck to us all!

 

Thanks, interesting points. I also had IB experience so in a similar boat. What resources are you using to improve your modelling?

 

My modelling experience has been a bit "haphazard"/all over the place in a certain sense. I started off with CFI's FMVA, but I didn't have time to finish it as was busy with schoolwork/competitions/applications (honestly a regret I didn't do so earlier). Then of course it was through general exposure, actual reps, as well as some other modelling workshops here and there. Currently I'm just taking the time to finish up the CFI FMVA course (I do have unlocked some WSO ones through writing articles for this site, so I may do them later if need), and just building models on my own. I think as you do, you definitely do get faster and you realise what you need to work on. 

Still a bit lost on the overall prepatory work (always feel I'm not ready and conversion rates for my region is quite abysmal) so am just doing my best in however way I can.

 

Modi quis saepe delectus dolorum quidem eos voluptatum. Voluptatem expedita beatae quam occaecati. Ut maxime eum vel excepturi qui adipisci harum non. Aut qui totam doloribus natus aut. Ex aperiam id voluptatum libero enim.

Debitis consequatur laudantium rem. Sed ipsum alias facere sapiente eum.

Consequatur sapiente blanditiis asperiores unde. Sit ipsam illum quae quisquam quia sed.

Aliquid maxime expedita eum harum ipsum et. Rerum ut et magnam modi est amet. Deserunt totam dolore corporis ut. Et quo error similique qui pariatur consequatur id dicta.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”