Interested in trading... need some guidance.
I'm a college student who just finished my freshman year, majoring in CompSci and Math at a non-target. I've had my eyes on algorithmic trading and quant stuff for some time. This summer I'm interning at a start-up (data analysis/ analytics work).
I've looked through my school's alumni network, and haven't found much luck in finding alumni in finance. I've thought of transferring to a target (some Ivies- Penn, Cornell, Brown), or some semi-targets (UVa, Michigan, CMU, Rice), etc. I'm doing well academically- 3.9/4.0, and have some good ECs, so transferring shouldn't too bad.
- What do banks/hedge funds/prop shops look for when hiring traders? I'm interested in places such as Jane Street, Tower Research, RenTech, AQR, Two Sigma, D.E. Shaw, etc.
- What's the outlook for trading, say for the next 5, 10, 20 years? Is this a career worth pursuing? How have the post financial crash legal regulations affected the industry? Is this a sustainable career?
Fast Math skills and programming(C++ for the better shops) skills, additionally some statistics and modelling skills. But look a little bit more on WSO a lot has been written on this topic.
I've been brushing up on my mental arithmetic, and have experience in Matlab, R, C, C++, Python ,and Java. How does recruiting work out of non-targets?
Don't know I am not from the US. I do know some prop shops are mainly focused on skills instead of background/grades.
Incorrect. Most of the notable prop trading places recruit almost exclusively from a hand full of schools, specifically mit, u chicago, caltech and similar science focused schools.
Agreed. It's the same in Europe.
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