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1) Very respected firms in their own place of industry and I'm sure you will learn a lot on both sides, but Bridgewater is known to be cut throat and from I've heard, management isn't expressive to ideas unlike DRW. Just cause you're a hot shot trader doesn't mean you'll survive at Bridgewater. The culture there is something else... And not for the weak heart. But you need to understand, DRW makes market, Bridgewater focuses on generating alpha. If I recall, I think Goldman Sachs hired a senior member from DRW to run their algo business. I mean these firms are well known on the street. Salary are high compared to their respected rivals, but listen... traders don't join these companies for the salary, its for the bonus...

 

DRW is the biggest player in the fixed income option space (they bought out Lehman's book when they were blown out in 2008). They do market making, less focused on the algo side but more on prop trading. Structure is more similar to a hedge fund(partners take the lion's share) than a typical prop shop. They did lose a lot of money last year on Brexit and partners were let go. Lots of rumor flying on that space so not sure its the best time to join, but still one of the best shops in the world.

Can't comment about Bridgewater.

 

DRW id say is overall a better place due to meritocracy. I spoke to Greg Jensen at WSOP and he was telling me a bit about their business and it seemed like alot of people contribute but no one stands out - even if your idea is great.

 

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