Selectivity of Top Prop. shops vs. BB S&T
Just how do these two different trading gigs compare in terms of selectivity?
I know the top proprietary shops like Optiver, Jane Street Capital, First New York, and Susquehanna mostly recruit at Ivy League schools and other top/target schools. A few non-targets manage to find themselves with offers from the top prop. shops each year though.
At the BBs for Sales & Trading I feel it is very similar, but the recruiting process maybe a bit more political and personality-based than some of the prop. shops which have been known to give straight technical interviews (absolutely no fit questions)
I have heard of people turning down Goldman Sachs S&T offers for Jane Street Capital and DRW. Jane also provides a $100K salary which makes things pretty nice.
So how do you think the selectivity compares?