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Hi all despite strong signals (Akuna 201, competitions, advanced projects, actual research under well-known profs) I’m not getting many callbacks and obviously no offers. I’m a non-Asian international student, OPT-eligible, with no need for immediate sponsorship as I’ll become a permanent...

Hello all, I'm a senior from a high school in Southern California. I want to study Computer Science and Economics and hope to enter either Software Development or Finance someday. I am interested in potentially pursuing Quant or IB but am not sure which college I should attend in order to better my...

Hey there, I am a student going for a bachelors in computer science, and I need to choose between these two unis. My plan is to do a masters at a better uni like cambridge / imperial in advanced comp sci / machine learning after the bachelors (I want to try get into quant) So far, my take is that...

I am joining HRT/SIG/JS/CitSec this summer as a QR intern. I want to maximize the probability that I get a return, how do I go about preparing? I have a backgound in applied math and have interned previously at a BB (exotic options desk). Not sure what desk I will be on this summer.

Hi, I'm in the process for an internship at Flow Traders, with my end goal being working in the HF or Market Making industry, preferably on options based on what I currently know. I was wondering what the consensus on FT was ? I have read that because they hedge almost everything, traders are not...

I’m a freshman studying Mathematics at a top liberal arts college (think Williams, Amherst, Swarthmore, Pomona) and considering a double major. I’m torn between two paths and would appreciate any insights: Economics for Investment Banking → (Maybe MBA) → hopefully Private Equity. VS. CS for...

Plz ignore the title - I'm currently working in a qualitative investment research role at an institutional investor, covering a sector (think Healthcare, Infrastructure, Industrials etc) I majored in a humanities subject in undergrad, broke in through networking, and picked up econ concepts on the...

Hi everyone, I'm a grade 13 student applying to UK universities and would greatly appreciate some advice from those of you with experience in quant trading or quantitative finance . To give you some context, I’m predicted a 44/45 points in the IB with the following subjects: Maths HL : 7 Business...

Hey all, Long time lurker, first time poster. Just hoping to get some advice from you guys. I am an Australian student looking to break into S&T/Quant in the UK (dual citizen). I have a Bsc in Economics and am completing a MSc in Comp Sci (graduating in Dec 2025), both at an Australian target which...

I am studying Applied Mathematics with a minor in Economics in a non-target school and in my freshman right now. I will be starting my CFA from next year as well. Are my subjects good to break into Quant ? Would Data Science be better than Applied Mathematics? Would WSO be worth it joining with my...

From what I've read is that though the comp for quant is quite good from Day 1, they aren't generally promoted to PM. Is it true?

In advance I just want to say thanks for any help. Currently, I'm doing Accounting and Finance at LSE but I have the possibility to switch to one of the following course: Economics Finance Econometric and Mathematical Economics(This is a slightly niche and new course so I'm hesitant about taking it)...

Hi, I am currently a 2nd year (joined as an undergrad) at a tier one prop trading team that focuses on high frequency trading. I am pretty good at the current job due to strong math and programming background. However, I feel like if I keep working at my current position, I will never get the chance...

I'd like to know the similarities and difference between hedge fund (Citadel, Squarepoint, Marshall Wace) quants and prop shop (Jane Street, Optiver, DRW) quants. The factors I am most interested in are 1) Job responsibility (how do these guys make money for their firm and by extension themselves)...

ChatGPT Hello Chimps, I'm currently finishing high school, and I've already applied to two Swiss universities. The main reason why I'm writing is my concern about which one to choose. On one hand, there is the University of St. Gallen, one of the target schools, especially in the DACH region, but...

I am studying STEM at a target. I wrongly pursued IB and find it brain dead and monotonous but will be working in this field due to chasing what everyone else was chasing at some strong banks. I really want to pivot to trading - especially quant if possible. Currently I am thinking about picking...

The question is pretty straightforward - and is focused on banking salaries, although contributions on HF or proprietary firms is also welcomed. I find there is barely any data out there on what salary you can expect in Madrid if you work for a global bank in their GM division. Variables to account...

Good day, Can anyone comment as to the relevancy of non-quant portfolio managers, prop shops and market makers? Is it even possible to extract any alpha in the short/mid term with all of these quants? Are there any examples of non quants that have persistently collected alpha even ~75% of the yes...

I'm a first year maths student interested in the Trading/Quant side of finance. I heard that probability and stats questions are all very popular for internship interviews. Unfortunately statistics (and stochastic processes) is not done at my university until the second year, so I won't be formally...

I am considering a career as a hedge fund/quant analyst, but eventually I wish to exit into PE. I heard chances are pretty slight but what if you go to some of the best (Citadel, Point72 etc)? Thank u!

Hi everyone. I am pretty new to WSO so just wanted to get some career advice. I am current an undergrad at an Ivy studying applied math and compsci. I was interested in getting into the quant space but I am also still keeping my mind open to ML or data science roles in the tech industry. I recently...

Hey everyone, I recently graduated (this year) with a masters degree in renewable energy systems engineering (mix of electrical and mechanical) from a RG university and I landed a job in an insurance company in what is essentially a data analyst / scientist position. However, I would like to pivot...

Trading SA at top BB or institutional sales & trading intern at top quant firm for landing a credit trading job post-grad. Catch is that the chance of a credit desk for intern placement/return offer is very limited at the BB - on the other hand the quant firm offer is more sales focused but all...

Hi there, I am looking at applying to Masters programs in the UK for 2024, with my end goal of becoming a quant. I am trying to gage whether certain Masters Degrees such as 'Financial Mathematics' and 'Statistics' are considered as good programs to have for breaking into quant with someone with a...

Has anyone heard back from Virtu for the summer 2024 trading internship? I applied with a referral about a week ago but have heard no communication from them, all I know is that it's supposed to be a trading OA.

Hey, so typically in the UK larger universities like UCL and Imperial or even maybe Oxbridge tend to do these compsci masters who are only available for undergraduates who didnt study compsci, math or physics. As such, its more targeted towards humanities and social sciences undegrad I was wondering...

The short answer is yes. Background, there are plenty of jobs in the Quant Trading Realm. This is because banks, MM, and prop shops plan to give about anyone or every one the chance to interview in hopes of finding the .001%. While Quant Trading is in the Finance Realm, they are against hiring those...

Hello, I work at a well known buy side firm as a trading developer (in Tech). Recently, I was asked to move to a Quant dev role in a Central risk book team (in business). The move is coming up in two months and I am told the new team uses Python/Java/KDB etc. Would really appreciate any advise about...

For a quant researcher at a centralised firm like citadel sec/ de shaw/ two sigma, if he writes up a strategy and actually earned money, will he take full credit for it? For example, the firm will give 10% pnl as bonus. The strategy itself is his original idea and he carried out the full research...

Which role is better for a summer internship: Morgan Stanley Institution Equity, Derivatives Trading & Structuring Goldman Sachs Asset Management, Quantitative Investing Strategies I am looking for a more quant focused role and ultimately hope to end up working at a quantitative position at a hedge...

Hi, I recently got admitted to the Villanova School of Business, and as of right now I believe I will be paying full cost. I currently am committed to go to UConn for finance, where it will cost me around 40k/yr. Nova is around 80k/yr, and I am getting around 25k/yr from my parents. I plan on...

Hello, I'm currently a high school senior and have recently been struggling to select a career path. I have a great affinity for econ, math, and cs/problem solving and would like to combine these interests through my career. I've looked into PE, IB, MBB, and Quant roles and am not sure which one...

Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...

Hi all, I'm writing this post because I just had my annual review and promoted to Senior Actuarial Analyst and currently trying to weigh my options. My TC went from 80k to around 100k and I have 2 YOE. For those who know the actuarial space, I am 1 exam away from ASA and pretty confident I can get...

Mental math stages are quite common when looking for a job as a quant or trader. MathHeads is a dynamic game designed to enhance your mathematical abilities and analytical skills. Available on both desktop and mobile devices, MathHeads uses gamification to make math learning more engaging and...

I am doing the Citadel spring programme called ' Discover'. It has a quant challenge. What can I expect to have on it? How do I prepare for it?

I am preparing to enter Investment Banking after graduation, but have always been interested in Quantitative Trading. However, my undergrad degree is non-technical. If I wanted to pursue a Quant career, what route would I have to take? (Is a coding boot camp sufficient, would I have to enroll in a...

I have received the following 2 internship offers, both in London: - Quant Strat at BB (GS/JPM/MS) - Pricing Quant at HF (~$15bn AUM) Both opportunities are very interesting, pay about the same, and should be relatively easy to convert to a full time offer. I was wondering if anyone can offer some...

Hi. I want to apply for master of financial engineering. Ideally I want to be a quant trader at prop shop/ hft. I do not really know what school I should target. I am planning to apply for MFE as fresh out of bachelor grad. Here's my background : - going to state school, well known but very average...

I am a Math major and had data science internship experience. I feel my academic strengths, interests and personality point toward quantitative analysis and quant trading as a career. I have taken Finance courses, so I can prepare and apply for IB internship too. Would a quant internship or IB...

Hey guys I've seen a lot of compensation threads for IB and S&T folks but nothing really for quants at banks. I'm entering as an Associate 0/1 at a Big 5 Canadian bank for some strats team (team selection not finalized yet). I was just wondering what the typical annual/performance bonus is for front...

Do any quant hedge funds outsource research (consultant) or offer remote roles. I want to take full advantage of geographic arbitrage. ~2k/month rent in London = ~60k+ earned income at marginal tax when earning over 100k total.

Is there a definitive list of quant hedge funds/market makers with exposure to/interest in crypto? If not I will start: GSA Capital (Bloomberg /news/articles/2021-10-26/quant-hedge-fund-gsa-capital-joins-the-rush-to-ride-crypto-boom) G-Research (Kaggle /c/g-research-crypto-forecasting/) Jump Trading...

What is the current 1st year compensation outlook for new quants holding PhDs at either hedge funds or market makers? A data point I have for a market maker (for any grads/no PhD) is €25k sign-on €75k base €125k 'variable pay' - not sure if this means your potential bonus is capped at €125k...

I will be interning at a top investment bank in either structure or trading. Which is better for buyside quant research roles in the future?

I am conflicting between Barclays S&T and Citi Quant at the moment. I am interested in derivative trading. From my understanding, both position are rotational program, however, I am not entirely sure if one can rotate to a trading position for Citi Quant. I would like to learn more about the...

I am a master's student at a great engineering school in a quantitative finance discipline, finishing up this fall semester. The quant internship I had this summer came back with a non-quant job offer, and a part-time offer for the rest of the semester. I accepted both, because I thought the...

I'm an incoming QR intern and was wondering which desks might be best for a new hire. I know there's equities, fixed income, futures, and options. Got a really good feeling from the options people but that's a small sample. Looking to optimize both pay and culture. If I wanted just pay I'd have gone...

Hi, I'm a rising sophomore at a target studying math who's currently interning at a quant hedge fund. A few days ago I was offered a return offer which included working during the school year and then receiving a FT offer once I graduated. (This was strictly meritocratic. I had no connection to this...

Excluding the top 15 quant HFs, how can I find smaller shops in NYC/CT? My background - engineering degree, started in tech for 6 years, landed a developer/research role at a quant hedge fund for 4 years, switched to research at an AM for 5 years, now looking to go back to a HF for a QR role. The...