Exit Ops for Equity Stat Arb
Consider: quant trader position. Equity stat arb, holding period on the order of days. Mainly US and some international equities in the major overseas markets.
The job is to create, backtest and implement high Sharpe stratgies.
Checked the search function, couldn't find answers to these questions:
- How long is the learning period for a job like this? Ie, after X months, they kick you out if you don't come up with a winner. I'm guessing X = 6?
- What's compensation structure like? What % of the PnL should you get? If you are a fresh Ph.D., what salary should you expect?
- What are the exit ops? Unlike a BB flow desk it seems like you are training in a very narrow skillset and product set.
All opinions are welcomed but I am particularly interested in those of people working in the industry.