The Archetypes at all Quant Firms (Janestreet, HRT, Citadel, SIG)
Source: Talking to people / reaching final rounds / getting offers / interning at these firms
Jane Street: The Savant
Jane street gives WAY more first rounds than any of the other firms, but that doesnt make it easier. With three rounds before the final round day, they are looking to sift through as many people as possible to find that one piece of gold (the savant). The savant may not necessarily have the most textbook background but they are undeniably a genius. They can instantly look at a complex problem and find some unintuitive reduction that makes it trivial. Likely, they can quickly do mental arithmetic too. They quickly process information and have it neatly arranged in their brain. In short, they are wickedly sharp.
Citadel: The Cookie Cutter
With the largest intern class of any of these firms, Citadel needs to apply scale to their recruitment process. They do this, by finding any students which fit their mold: Some olympiad experience in highschool, target school, took hardest classes in college and did well. They even ask their interns which classes they should search for as well. In the interviews, you will be tested rigorously on your fundamentals. If you have a strong understanding, you are likely to get the offer.
Hudson River Trading: The Oracle
Being so new on the stage and growing so rapidly, there is not as much data on what HRT likes, and how long it will remain this way. That being said, they seem to require extremely solid CS fundamentals, as well as the ability to, on occasion, have an epiphany. While Jane Street wants someone that can look at 1000 problems and find the .1% best solution to each, HRT wants someone who can look at 1000 problems, and find the 1 in a million best solution to just one. They value great depth in a particular research field/ subdomain as well. In short, they want an Oracle who can occasionally summon a stroke of genius.
Susquehanna (SIG): The Cheeser
All the "we love gamers" stuff on their website is not just marketing. Sig wants someone with an innate sense for games - someone who can quickly calculate the game theory optimal solution for a game, but then look their opponent in the eye, see a twitch, and know when to cheese them. Their final round includes playing games with other candidates, many of whom are highly ranked in chess, poker, and even League. Beat them all, and they will be convinced that you can cheese other market participants as a full time trader.
Akuna: The Human VLOOKUP
If you can process a huge amount of information manually without particular depth, Akuna is the place for you.
Five Rings: The JV Jane Streeter
It is actually probably just as prestigious / pays as well but being a Jane Street spinoff, I thought it was a funny name.
Comment blurbs for firms I left out (e.g. Jump, DE Shaw, etc)!
.
So basically all of them only hire math geniuses?
Thank god I'm a CS major and not something like financial engineering. Worst case I can just be an ML engineer
Worst case? RIP that's my dream career, could you elaborate why ML engineering in your opinion is not ideal?
Quae omnis non ut atque inventore voluptas consequuntur. Voluptas dicta quia consequuntur qui amet tenetur delectus quia. Necessitatibus tempora excepturi accusantium dolores voluptatem. Rerum deleniti harum quis et nam quae. Possimus eos quo atque omnis quia dolorem et excepturi.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Reiciendis rem accusamus aut eligendi exercitationem maxime nesciunt id. Quo tempora facilis optio et et ut in. Ut sunt accusantium odio non est atque voluptatibus. Et architecto et vel hic exercitationem non dolorem.
Aut consequatur voluptates sed delectus officiis illum harum adipisci. Voluptatem explicabo eveniet et exercitationem vel dolores sit. Est sapiente exercitationem adipisci velit inventore in ad. Rem veritatis perspiciatis ut iste repellendus dolor maxime. Et quis rem porro. Officiis laborum magni atque in sed consequuntur.
Sunt esse ut adipisci deserunt perferendis vitae molestiae. Voluptatem voluptas sed qui commodi quod.