I watch science focused videos on YouTube pretty regularly, and in the past week, I have seen two videos by different Youtubers that were were sponsored by quant hedge funds (one was sponsored by Jane Street, the other by HRT). Never seen that before.
But I think it goes to the fact that quant firms want to hire students who have a natural love for STEM, and not seeking these jobs just for the money. It’s the same reason quant firms sponsor so many in-person math competitions (such as HMMT and PUMaC) for high-schoolers. They are just getting their name out there early.
Here is one of the videos, which is about the maximum height of a siphon. The Jane Street sponsorship starts at 13:54.
Agreed. Most people who are successful seem to have top notch Math, Stats, Physics, CS backgrounds. I also think its a brutal industry for people who are in it just for the money. Also the reason why a lot of people vanish from the industry after 2-3 years.
With respect to JS, they put out a lot of different opportunities for the truly curious to engage - the JS Puzzle Page being one of them. Its such a non-recruiting focused activity that likely attracts the truly interested kids and I suspect those who participate consistently and/or finish high on the leaderboards have a lot better shot at making through the resume screen filters, and the tough interview process.
You should treat QR roles as the relevant role at Two Sigma. @hebegebe would know more concretely.
I think there is likely to be significant overlap between the 25k and 32k applicants. And I think the entire market is between 500 and 1000 roles per year. The odds are not terrible.
But, I also suspect that there will be a decent amount of overlap amongst the offers. So the odds are worse than what they look like above
Full time rolls are maybe half that number.
If possible, I would also separate out the risk taking roles from the non risk taking roles. The nature of work and the comp path can be somewhat different. I suspect they split roughly 50/50 for risk/non-risk roles in the hired pool.
If you are exceptional, and if there are other extenuating circumstances, I’ve heard this happen — eg you are finishing up a PhD. Or you are exceptional and you are semi retired from the firm. It also means that you won’t be in a main line operational role that requires you to work market hours. And anyway pay is not proportional to hours worked.
One of the key constraints to part time work is that a lot of the work is collaborative teamwork, and you can’t be working 20’hours when the team is working 40-50 hours.
I would also not characterize a less than 50 hr work week as relaxed. Those are separate things.
I am surprised UChicago is becoming so pre professional . Almost like UPenn. And they don’t even have a regular engg school — some of which is useful for a QD.
The MSCF program at CMU always existed. It doesn’t mean they were able to place a large number of kids into the trading firms anyway. I am not sure in what ways this program will be better / different than that. The Chicago firms sponsoring the program are small 500 person firms. Not sure they have the bandwidth to absorb a 30 person class.
Like pretty much all colleges, they’re a business. As long as students think they’ll get a leg up by enrolling in this program, they will — and UChicago cashes the checks.
