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?Move for a Quant Trading role or apply again?
Hi guys, I'm in a bit of a difficult situation and I hope someone here can give some word of advice. I graduated from a good uni last summer and am from London and hold an offer for a Quant Trader job in Amsterdam. The place is ok, good enough to learn and start a career, but not my dream company....
Reading list for incoming QR role at top trading firm
Hi, I will be joining a top trading firm for a graduate QR role next summer and was wondering what kind of books/topics are most effective to look into as preparation. Note I have a CS background and it is not decided yet which desk I will be joining (however, the firm is not one of the very...
Education required for algorithmic trading
Hello all, I’m a freshman in college currently pursuing a BBA in a top public program and planning to dual degree with computer science on a data-analytics heavy track. As I understand, the expectations are quite different for different “quant” roles, and I’m a little confused on what is...
GMV of top equity quant funds
Would be interested in the GMV of the equity book of top quant funds (and the risk corresponding to that size- I would assume most funds are running ~1-1.5% annual risk on GMV) and also the 2023 performance if possible. I am specifically interested in the following funds: 1. Citadel GQS 2. PDT...
How much profit is your company (your employer) making off of you(the employee) per hour/day/year? Capitalism
If the client/customer is paying the company (your employer/NOT YOU) say $200/hour to work with you (the employee): 1. How much profit is your company (your employer) making off of your labor? Per hour/Per day/Per year? 2. Does your company charge more money per hour to the clients depending on the...
SIG final round
I have had final rounds for quant trading in the past, but never been successful. I have just received SIG final round for quant trading, does anyone have any tips on how to prepare and what their process is like?
SIG vs Jump Trading
I have offers from both Jump and SIG and am wondering how these 2 firms compare. Does anyone have any thoughts on one versus the other? E.g. some thoughts on career & comp progression/growth, working environment/culture, etc. Any input would be highly appreciated. Note I am based in Europe and am...
Renewed Interest in Finance Late in Undergrad -- Advice Needed
Hello all, I am currently a junior majoring in quantitative economics with a 4.0 -- basically economics with some advanced stats, graduate level econ, and advanced math. Two years ago, I transferred from a target school to my state's flagship (a non-target) due to personal family reasons that have...
Decision: Jane street summer intern VS Optiver intern+full time
I am facing a decision between Jane street (Hong Kong)'s summer intern 2024 vs Optiver (Shanghai) summer intern (2024) + conditionnal full time (as long as I go there I will be guaranteed a full time return offer). JS HK office has previously 50% return offer rate, while I am guaranteed a full time...
Masters in Statistics for Quant Trading Role?
Some background, I am a data science student at a T-7 CS school and one that is well regarded for Math and Statistics, although the school as a whole would be considered a non-target for most high-level positions. I want to break into Quant Trading and I know for a fact that my school has great...
How to become a (institutional) trader after age 30?
I'm curious about the path to work as an institutional trader trading on behalf of the big banks, funds, prop funds, etc. Could you use an MBA to pivot into this career field? Are there traders on the institutional side that aren't quantitative? I've seen job postings for traders but a lot of those...
Past Prop trader - Looking for a partner Quant Developer to start a fund
Hello I am a former prop trader and now Investment Analyst in a Asset Manager in London. My aim is to co-fund my firm with the help of the right partner. My strategy is applicable to both daytrading and swing trading, mostly stocks and futures. I am looking for a Quant to join me in the vision and...
Engineering degree into quant
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...
Graduate Early FT BB vs Stay and Try to Land Internship at HF?
Rising junior here, Currently at a BB interning as a quant. I like my team and work, likely will get a FT offer; however, my goal is QT work at a HF/prop trading (similar work, more $$ in my mind). I have the option to stay in school an extra semester or two, and recruit for QT internships for 2024....
Do You Need to be the Second Coming of Jesus Christ to be a Quant Trader?
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...
UBS Quant Trading Intern (2024) Sonru Interview
Anyone done this yet or know anything about it? Wondering if it's gonna be technical or how it'll compare to other hirevues given that UBS goes from this straight to a super. Also, is it worth networking at this point, having already gotten the Sonru? Would it help at all?
MS Quant Trading (IED) vs. GS Quantitative Investing (QIS)
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...
Career Crossroad: Actuary or Try for Quant?
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...
Risk to Quant Strat
Hi All, An introduction: I am a Junior at Ivy League School studying Operations Research/Quant Finance/CS. I was extended an offer by top BB bank [GS, JP Morgan, Morgan Stanley] for consumer credit risk - not in corporate or market funct. unfortunately. The role seems challenging and a majority of...
What school of MFE program should I target?
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...
Should I Pursue a Summer internship in Quant Trading or Investment Banking?
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...
Physics vs Maths&CS for Undergraduate
I'm a first year attending Imperial College London and studying Joint Mathematics & Computing (integrated 4 year master's degree). I am considering switching to physics because I believe I will enjoy it more I will probably get better grades - I'm struggling with pure maths and do not have the...
opinions on IMC (2022)
Been looking at quant firms, and I was curious about IMC (for a QT/QR role). How does it stack up to the rest of the quant trading companies in terms of: 1) prestige and recognizability (and by that, I mean how well-regarded its traders are in the industry, not whether some layperson would know what...
Infrastructure/support for Quant pods in MM platforms
Hi, I was wondering if anyone knew the amount of infrastructure/support that is typically available for quant/systematic PM/pods in MM platforms (millennium, citadel, cubist etc). I’ve heard its quite bare bones - as in “you just get computers and are expected to build up from there”. I would...
Received a Quant HF FT offer as a freshman, would like some advice
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...
How is Aquatic Capital Management?
Does anyone have information about the performance of Aquatic Capital (aquatic . com)? Anyone been through the interview process? Finding it hard to get info from the usual sources.
Trading Off-cycle internships
Hey everyone, I've ended up with some unexpected free time and am looking for off-cycle trading internships from October to April. There don't seem to be many resources out there with lists of off-cycle internships, particularly in quant, so has anyone got any suggestions? Thanks!
Cornell Double Major Advice for Quant Role
I've committed to Cornell CAS and I was looking to get some advice as to what I should major in. I plan on majoring in math, and due to the structure of the major and its requirements, it's relatively easy and common to double major. The second majors I'm most interested in are CS and econ. I'm...
FAANG vs Prop Trading
Deciding between two junior year internship offers. The trading firm is very unknown, but I'm told first year TC will probably be around 150K - 175K. SWE is Amazon. Points I'm considering: Compensation is a lot more variable at the trading firm, and I've heard career path is hard to manage if I do...
Dublin quant salaries
From what I can gather, trading firms in London and Amsterdam like Jane Street, Optiver, Flow Traders, ... offer graduates a total compensation that comfortably clears six figures. Does anybody have insight into how the pay in Dublin shops (Virtu and SIG) compares (maybe broken down into base, bonus...
Questions from a Prospective Quant
Hello, Brand new account but have been a lurker at WSO for a while. I am currently a high school senior and am quite interested in going into quant trading or related area. Any insight or wisdom into the following questions would be much appreciated: 1. Best Major/minor combinations for an aspiring...
Looking for a mate to train with for quantitative trading interviews
I am looking for a person to train with for quantitative trading interviews. I think that It would be funny and profitable preparing interviews with someone, by zoom/call! If any of you are interested, please reply below Let me know, Thanks
Advice on becoming a quant/ Is this realistic?
For some background, I’m 23, graduated with a BEng Mechanical Engineering in May (GPA 3.38/4.2, (2.1)). And am due to begin a one-year MSc in Financial Economics at the beginning of February. My goal is to start my first “big boy,” job as a quant in January 2023 (hopefully finding a job before...
How to get an interview from Quant Trading firms such as Jane Street (UK)?
Hope everyone is having an enjoyable holiday. I've been using this site for a while now and this is my first post - I don't want this to come across in a tone of arrogance. I am a final year undergraduate reading for a mathematics degree at a UK target (i.e. Oxbridge) and really want to pursue a...
Advice for Student Looking to Get Into Prop/Quant Trading? List of Places to Work? Prep? Hours/Pay?
UChicago undergrad here planning to major in econ and computational/applied math -- anyone have a list of good quant places to shoot for internships at? I have heard the interview process is hella competitive but that pay and worklife balance is relatively good. I am worried about the exit...
Crypto.com Math Test
Has anyone here completed the Crypto.com math test for any of their quant related roles (trading, research, dev)? Curious to hear thoughts / experience.
Hedge fund vs. Big Bank offer for quantitative finance internship
Hello - I am facing a decision for where I would like to accept a Summer internship (summer before senior year), and am not sure what is best for me in terms of a career development perspective. I am a Computer Science major looking towards quant finance, and am deciding between Balyasny Asset...
Intern at S&T BB vs Technology at Man Group (for quant trading career prospects)
Hello all, Little background about me: Studying undergrad Maths at top UK uni (penultimate year), aiming to break into quant finance firms (prop trading/market making/quant hedge funds) for quant trading type roles Got through to mid/late stage interviews with a couple of prop trading firms for...
My algos are up 75% YTD. (Post Update)
In May I posted on this forum seeking advice on how to sell my algorithms (that were up 57% at that time) to a Hedgefund. The algorithms recently closed near the 75% mark (74.8%) so I thought it would be time to update those interested on what I did with the advice I got in May. The TLDR of the...
Tips for getting first round interview at quant trading firms?
I am very new to this website. Just want to preface this post by saying that I do not feel as if I deserve a job at these top quant trading firms, but I would like to think I have what it takes to make it to the first stage... My question is, what can I do to improve my chances of getting a...
Which prop trading/MM shops are worth turning down top BB trading offer for?
Quick question: Which prop trading / market making shops would be worth turning down top BB (JPM/GS) trading offer for? Not going to be more specific, but given my educational background, I think I would fit in better at prop trading/ market making shop... (obviously a much higher barrier to entry,...
Move from HF to Prop Shop?
Do you guys think this is generally a bad idea? Currently working @ Platform (millennium, citadel, p72, schonfeld type) Payout is ok, and I dont mind taking stress + working long hours, but I dont see much forward here - I dont find much learning opportunities. The opportunity is there, but I need...
Want to be a quant - looking for course advice
Hey guys, I'm interested in becoming a quant and going into trading at a prop shop or IB (whatever I'm able to get). In regards to my qualifications - I'm at a GO8 Australian uni (top 30 in the world) studying actuarial studies + mathematics in a double degree, with a quantitative finance major. I...
My algos are up 57% YTD. I want to sell them.
I’m an engineer trading prop using algorithms I built. I’m currently the top trader using these algorithms, and looking to sell them to a hedge fund to move on to my real life passions. But, I do not know where to start. Has anyone sold algorithms to a HF here or purchased algorithms for a HF?...
Best jobs with exit opportunities in S&T? + good books to keep learning?
I’m an American thats finishing my degree overseas in December this year and because of the unique situation + losing my internship to covid, I feel like it’ll be really hard to secure a trading job right put of the gate. I got really lucky in that my school allowed me to kind of build a degree...
Level of CS required for quant hedge fund
I am currently a high school junior looking to study mathematics at a (hopefully top) university in the UK or the US. I want to work at a quantitative hedge fund company like Citadel, and I was wondering how much CS I would need. Is it enough just to know how to programme with languages like Python...
Quant Trading / Quant Research
Hi WSO - hoping someone can shed some light on these two areas of finance. I've found bits and pieces of information, but no detailed breakdown of the two. Understand that there's also some variability in what the titles mean at different firms. Particularly interested in learning: What do these...
Best UK Master's course to become a quant?
Hi all, I'll be graduating from a decent UK uni this year with a BSc in Mathematics. I've been given 3 conditional offers for: Cambridge MASt Applied Mathematics, Imperial College London MSc Mathematics and Finance, LSE MSc Financial Mathematics. My ambition is to become a quant, and I realise that...
Quit my job?
Hi, I am a 1st-year analyst at an active quant fund in AM. Getting paid 75K which is not high but decent enough to pay my rent. People are nice to me which is mostly because they are genuinely nice people but also because I get most of the actual job done. I see very little growth potential at the...
To get jobs at HFT firms is it better to have a double major
I got to a top 5 cs school (think UIUC/Cornell/GT/UCB) and i was wondering if it's worth getting a cs/math double major.
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