Jane Street vs Optiver Internship (Summer 2023)
The title pretty much sums it up, what's the best of the two firms for a summer internship (with the goal of getting a full-time offer afterwards) ?
It seems that Jane Street has a better culture and a lower turnover, while Optiver seems to have better compensation in general. Does anyone have knowledge or advice ?
Not sure about intern return rates. But better overall is definitely Janestreet. Not sure if Optiver has better compensation ( I guess it is more transparent due to marbles), but I have a friend who joined JS recently and they beat Citadel and DE Shaw offers greatly.
Well both firms are done with summer internship recruiting a long time ago. Are you still deciding?
I don't think so, I got both offers this week.
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I heard Optiver pays more whenit comes to senior level. You wouldnt have to worry about the comp first. Both are great opportunities though..
I think the JS return offer rate is usually ~60% and Optiver is ~70%. JS first year TC gaps Optiver by a good amount (600k vs 400k) but I think the biggest differences are the culture, with JS being more chill/friendly/nerdy and JS being in NYC vs. Optiver being in Chicago. Your location can have a big impact on your quality of life so that's something to consider.
When did JS go to 600k for first years? That doesn't seem right
Was definitely possible/likely in the stellar COVID years. Would guess this sort of comp is less likely as things quiet down.
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