Understanding D.E. Shaw
As an outsider looking in, I'm interested in learning more about D.E. Shaw - particularly how the firm is perceived relative to other HFs, its culture, and the types of positions available to post-MBA folks. Any and all answers are welcome, thank you!
D.E. Shaw isn't really a place that hires MBAs much. Their strategies are mostly quant/systematic, and lend themselves more to PhDs who research/implement them. You might get a trading job with them with just a bachelors, though, if you're really smart. They do also dabble in a few other things like private equity, but I'm not sure if they hire specifically for those roles in any special way.
Spot on, unless you work in exec as some of their trades need someone to check the banks for prices. But most of the guys are PhDs or just clever blokes. No MBAs really... Unless you are going to be selling the fund, but in this case I hope you have a massive amount of contacts already. Their London office is pretty cool as it's in Marylebone so you can essentially live right next to the office and be in a decent neighborhood. Also the guys who work there are really decent people, and just an all around great company if you manage a job there.
D. E. Shaw culture (Originally Posted: 02/16/2013)
Wondering if anyone had any insights on their culture (besides smart, collaborative, and technologically astute).
Thanks for reading.
Can you give your background info? I am interested to know what kind of bios make it to DE Shaw.
I had two friends in D.E. Shaw, and they are all very typer-A personality with very driven attitude toward works.
i'd also be very interested to learn about your background. also, what position did you apply for?
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D.E. Shaw was my dream job coming out of college. Got to the final round but fell short. Puked in the bathroom after the interview because I was so mentally drained. To get a front-office role there, you basically have to be a genius.
Thanks guys for the info, much appreciated. So I'm getting smart and driven, sounds about right :).
D.E. Shaw - Famous for its highly intelligent staff? (Originally Posted: 01/26/2010)
It seems that D.E. Shaw is very famous for its highly intelligent staff who work as quants at the firms.
How's trading like at this firm?
bump
Intelligent and "socially backward" seem to be used interchangeably at this firm
Smartest and best paid amongst the "BB" hedge funds. You will work your ass off.
DE Shaw - Another example of mathematical sophistry (Originally Posted: 10/13/2010)
Ha ha ha. Yet another example of mathematical sophistry; building investment decisions on a house of cards.
Did they go bust or something?
The worst part is they post their jobs everywhere but it's near impossible to land an interview
their on the front cover of WSJ. read it.
they do hft.....
That real estate deal they made cannot possibly make sense to anyone. Buying 55,000 acres in the middle of nowhere to build a ton? What the fuck?
how do you know there isn't oil underneath ?
Judging by the fact that its been owned for 300 years by a Native American tribe and that DE Shaw is about to let the loan default I would say that option has probably been explored.
Yea, why does DE SHAW have SOOO many god damn information sessions? It damn near impossible to get a job there.
what school are you at and what are the positions @eokpar02?
D.E. Shaw - Any opinions on the firm? (Originally Posted: 07/24/2007)
I did a search, and read all about D.E. Shaw. So to be clear, Is this HF all about quant strategies as far as it's securities investing goes? No fundamental analysis?
Any opinions you'd like to add about the firm are welcome too!
before having interviews with them I had the impression that they care only about quant stuff. However, one of my interviewers was an MBA without a solid math background as he claimed, and another one was a chick that claimed to hate math. Both were traders if I remember well. On the other hand a guy that ran an informal presentation at my school, a PhD (also a trader) was joking about not seeing anybody in DE Shaw reading the WSJ in contrast with other shops...
Most of the large HFs are very diversified. DE Shaw is no exception. Their website is very good and should answer all your questions. You can see they run both quantitative and qualitative stats (their takeover of FAO was very visible).
http://www.deshaw.com/
yeah but the FAO project was on the P.E side of the firm, I mean for the HF.
http://www.laminardirect.com/
Mostly a mezz/stretch debt pocket for D.E. Shaw.
Read the website. It is very clear.
De Shaw Prop (Originally Posted: 02/08/2008)
Hey everyone,
So, I've got an interview with DE Shaw prop. Obviously, DE Shaw is an amazing firm and quite prestitiguos. However, I was just curious if the prop trading program is a good place for an undergraduate to start. I'm a pretty quant guy, but obviously their models are above most mortal men.
My question is: as a prop trader, do you have independence to make your own decisions, or are you merely fulfilling strategies that the black box models spit out? Do you learn skills that you can carry over to other trading positions (say at a bulge bracket) or are you merely relegated to the skills necessary for DE Shaw.
Thanks!
Equities is execution only, model driven.
Energy, risk arb, distressed are mostly discretionary.
Fixed income is a combo.
for the normal summer analyst program, do you have any say in what you will trade? or is it rotational?
I believe you do have a say in where you would like to be placed. Energy may be best for you, as you say you are quantitative and interested in discretionary strategies.
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