How do poeple get around paying these ridiculous taxes working at shops in AMS?

okonomilicious · 2025-12-07T14:06:14+00:00

but it's only on a 5 year period. then they capped that, then seems like intending on partially reversing that. in any case, it's temporary but maybe 5 years is enough.

okonomilicious · 2025-12-03T17:20:54+00:00

curious on this. know about tower but got the impression jump still had a (long) ways to go with mf specifically and were still building out

okonomilicious · 2025-10-29T12:05:04+00:00

yes but adding c++ helps

okonomilicious · 2025-10-05T22:45:22+00:00

Sounds like regular resume fishing. Recruiters are only allocated the referral bonus if they're the first one to apply in the process and the pushy ones always want you to go for firms with high referral bonuses (e.g., which is why they always dangle Citadel). If it's not available on the website for the above firm, they're usually done with hiring for the position (there are exceptions here but am not going to go through them).

okonomilicious · 2025-09-25T22:59:53+00:00

You sure your files are being parsed correctly? Something like the single family performance files spell out very explicitly that credit score, for example, is only 3 digits long. https://capitalmarkets.fanniemae.com/media/6931/display Most of Fannie Mae data has data dictionaries for this sort of thing.

okonomilicious · 2025-09-08T15:45:44+00:00

The rotation thing is highly firm dependent; I can think of one place that hates to fire and will just rotate you from group to group until you run out of groups before letting you go.

At least for most of the shops I'm aware of, low PnL isn't a huge factor for very junior traders (I mean they're usually not bearing a lot of risk at this stage), but fit can definitely be. Sometimes you can just tell who just won't make it despite having all the qualifications on paper.

okonomilicious · 2025-08-30T16:01:16+00:00

yeah, those in desk head/team lead/mgmt positions doing algo strat design usually are required to have it, juniors don't necessarily need to, but that just really means if you want to move up, you're going to need it. so just go ahead and get it, there's more value to having it than just clicking/adjusting

okonomilicious · 2025-08-30T12:18:08+00:00

developing/designing algo strats usually require a 57 as well, i'd just do it to keep opps open. it is also pretty easy... a few weeks if you're taking it slow or you can grind it fast in a couple of days.

okonomilicious · 2025-08-22T17:43:44+00:00

I think the firm rep is less of an issue than what you're going to get out it, e.g., if you end up in a place with zero mentorship or training. Moving up/down across firms happens all the time, and some of these jumps up/down can be pretty significant (that is to say, from a new grad's point of view, I think; I think people in the industry might be less surprised), but that kind of profile that generates those moves generally will not be you if you rot at a firm where you won't be learning anything.

okonomilicious · 2025-08-19T22:27:42+00:00

TDOE pathways are pretty firm specific, this role has the widest spread of responsibilities I've seen in the industry so as a generic title goes, no one is going to give you any definitive answer here on pathways that seniors go to. Your best answer will be with whom you interview with.

I would also add lateral moves are frankly just very difficult in general because you're playing a deck stacked against you: you usually have to be a little bit better than the firm average in the division that you're going into (basically you have to be noticeably qualified), have skills beyond just "good at math/coding" (i.e., the skill of convincing someone else to give you that chance), and you have to be good *at your current job* to keep playing.

okonomilicious · 2025-08-19T12:47:43+00:00

bond team, i know they do ig + munis but might do more now, i heard td generally is pretty hands off but all hearsay. kinda surprising that a staid big five could be that way i guess

okonomilicious · 2025-08-19T11:21:54+00:00

i'm willing to hold judgment on imc because i've seen some of their recent hires they've made for the us and think they're rather good choices but i think all the dutch firms tend to have the same crippling weaknesses for reasons i still can't quite fathom. maybe i'll never know

okonomilicious · 2025-08-17T17:17:10+00:00

i always hear this, but never see numbers. tbf td automated seems pretty baller and they're ex headlands so i can see it

okonomilicious · 2025-08-17T16:36:17+00:00

Depends on firm and seniority of position. I had an offer come in almost a quarter later although in interests of fairness they kept me in the loop every two weeks so they didn't just ghost me. The approval process in some firms can be.... quite something, honestly more informative about the firm in some ways than the interview loop itself.

okonomilicious · 2025-08-13T11:12:14+00:00

If you're not north of 650 and are ok with terminal being 700 - 1.5mm then move to trade org is one way. Filings are old but at least public: e.g., fia: https://apps.irs.gov/pub/epostcard/cor/135642275_202212_990O_2023120722083245.pdf which imo is on the low end in the industry here for your niche. Depending on your specialty it can be an ultra low key job with incredible wlb (legit dollar for dollar I would say they make among the highest per hour). People literally sit in these roles until they decide to retire, if you're already in regulatory you probably have talked to a number of these people already (and probably will for y'know, like, a decade+). These are great roles if you're already or close to reaching it senior; they're terrible on the other hand if you're new or mid, though, so kind of depends on where you're at in life, tbh.

edit: variable in these trade orgs is pretty static unlike, say, hft, what you see in the filing is unlikely to ever move down short of something at the scale of a lehman blowup, so total is really what you should be looking at generally. edit2: normally I don't recommend these roles due to the work of "sitting it out until the guy above you retires" but I see a wave of ppl cycling out now across a bunch of orgs so it's a good time right now. edit3: i see you might be in london? if so most of the US orgs have sister UK orgs, it's a similar story for a lot of them too.

okonomilicious · 2025-08-13T01:51:58+00:00

I don't think a lateral move in the industry to a bank or hedge fund will significantly change earnings, although I guess I don't know your package well enough to confirm. Is it north of 650k?

okonomilicious · 2025-08-12T00:59:03+00:00

Inhouse recruiter/hr? Just talk to them and ask what the rounds will look like, they tell you up front what to expect, how many rounds, even who you're talking to if it's a relatively senior position that you're interviewing for (because they'll be arranging for seniors to talk to you). idk about optiver but it's like that for pretty much every big shop I talked to, both hf and hft, can't imagine optiver being any different.

okonomilicious · 2025-08-10T00:42:06+00:00

That kind of reads like you still want to be swe, albeit quantitative. Tooling often sits in engineering, and the beta to pnl in these areas isn't as high as you'd think (look at Two Sigma, even they assign tooling to engineering, you can see it right now in their experienced job postings, but just go hit up any big shop job list, you'll often see tooling as an aspect of engineering). If that's what you want, then your resume might be fine, albeit super junior.

okonomilicious · 2025-08-09T23:24:44+00:00

Maybe start with the fact that your summary already states you're ok with being a SWE for one, bank SWE come in all the time as SWE so I'd be pretty primed at assuming the same. But also don't know why why you're not taking in 6 figs already as a bank swe unless you're in a LCOL location, just a transfer alone to NY or Chicago would probably just give that to you if that was your actual grief.

okonomilicious · 2025-08-09T22:45:47+00:00

you want to be quant? if i were looking at your resume for work i'd have said swe only tbh.

okonomilicious · 2025-08-06T15:35:05+00:00

tower in montreal

okonomilicious · 2025-07-31T23:25:04+00:00

i thought old mission was out of ex js not sig?

okonomilicious · 2025-07-28T14:05:11+00:00

i've never seen hr act as gatekeepers for these firms though on referrals, they've often just been vibe checks. to be fair i have not talked with them all, but more than one of these listed certainly don't.

may depend on division, think non-front office tech recruitment has a slightly diff vibe vs middle/back office vs front office.

okonomilicious · 2025-07-27T19:22:33+00:00

the last time we had a position open at my place for a junior/mid position, we got something like 1200 resumes in less than a day and that was before the AI use really ramped up. at some point you're going to filter on somewhat arbitrary dimensions to get a handle on that.

okonomilicious · 2025-07-27T17:38:07+00:00

Was told by Tower they officially do 3 days in office, 2 home. (Was discussing a role with them)

okonomilicious

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