Between top fundamental HF's (like Tiger Global, Lone Pine, Coatue, Viking, etc), vs top Quant HF like Jane Street, DE Shaw, Citadel, where is comp higher? What about after 5 years? Where is there more upside?
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No. Stop it
Why is everyone downvoting it’s a serious question… :(
Should I go to Miami or Vegas for my next trip? Which one has more attractive women? What about future wife potential? Thanks.
the SM’s listed are more in line with taking a trip to heaven and the quant funds are more like to some Caribbean island.
hahahahah
Numbers?
From what I’ve heard, in a 30%+ year like 2020 for tiger, analysts are making mid 7 figs and partners multiples of that. Just do the math with what 20 IPs… thats way higher than Jane street, on average
Second this
They have what $40bn in their public mkts strategy? A 50% year means like what $2bn split across 20 folks? 25bps or 2bn is 5 mil…50bps is 10 mil and 50bps is tiny
Do execution traders and other members of these firms make similar numbers?
No lmao
Irrelevant, because no one will ever have to choose between those two firms since no one will ever get an offer from both of them. They hire for completely different skill sets. You don't get to decide which one you'll work for -- even in the unlikely event you're qualified for one, you certainly won't be qualified for the other. Inspect yourself and ask if you are a math/computer person (janestreet) or a stockpicker (Tiger). Then apply to that firm but don't waste your time applying to the other firm trying to be something you're not.
Fundamental HF's still have openings for quants. They don't do automated trading strategies but need experts on things like NLP and credit card data
As said above the comp for these quants/data analysts seem to be much less in fundamental firms. Do you agree?
I generally agree with your point, but I do have to say I know someone that got offers from both (albeit 4 years apart, Jane Street out of undergrad and turned it down for MFPE, and Tiger/Viking/Lone Pine after PE). He’s always said the process for Jane st was much harder, but the process for the HF was more selective. Don’t know exactly what that means, but that’s how he’s phrased it to me.
JS will give very many applicants a first assessment then screen them down through progressively harder problems in lots of rounds. Idk what elite HFs ask in interviews but I doubt there are a lot of extremely difficult questions (with objective, verifiable solutions) they even can ask - so they therefore only interview people with a certain pedigree in the industry. This is the best indicator they can get. So JS will have “harder” questions but the HFs will interview fewer people.
Jane Street and companies like that just spam really hard math/programming questions until there are only a few applicants left. Multimanagers don't really have the time or the infrastructure to recruit in this manner so the questions are easier but the odds are lower.
Citadel runs plenty of fundamental L/S between Ashler, Surveyor and Citadel Securities. I don’t know why they get put with DE Shaw always it’s a totally different business.
Agree Citadel is more l/s than quant but doesn’t DE Shaw also have strong fundamental l/s teams?
Because citadel securities is one of the prop shops everyone wants to work for and the two are easily mistaken
Any thoughts on Citadel's fundamental L/S division? (not the quant side)
Currently Jane Street comp is like 400k guaranteed for new grads.I'm not sure if those fundamental funds really recruit seniors at the same rate.
5 years in, decent amount of traders cross 7figures.
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