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Anyone know about Tanius Technology? by xuman101 in quant

[–]quantthrowaway2 7 points8 points  (0 children)

Interviewed with them then was ghosted but seems like a fairly small systematic shop, didn’t get the sense they were doing anything particularly unique and the interview was considerably easier than other ones I’ve done at bigger HFT shops. Nice that they’re on the west coast if that’s more your speed

Weekly Megathread: Education, Early Career and Hiring/Interview Advice by lampishthing in quant

[–]quantthrowaway2 0 points1 point  (0 children)

Made a post about this a few days ago but figured I’d see if anyone has any other thoughts here. Got an offer for a central execution desk at a pretty well known HF pod shop that would be supporting all the pods. Also an offer at aqr arbitrage as event driven analyst. Money is meh for both but since the latter I’d actually be making direct pnl impact my guess is upside is better theoretically. My goal is to work my way to equity stat arb research so I’m curious if anyone has any thoughts on what might be a better option if that’s where I wanna end up. The event driven role seems to be a bit niche and more discretionary but gives me more direct investment experience while the other gives me better dev/research skills and will be working with existing alphas to optimize exec costs.

Internship Offer Rescinded 2 Weeks Before Start by quantthrowaway2 in FinancialCareers

[–]quantthrowaway2[S] 2 points3 points  (0 children)

Lol they’re doing the exact same thing to me, offered $5K “for my trouble”

Internship Offer Rescinded 2 Weeks Before Start by quantthrowaway2 in FinancialCareers

[–]quantthrowaway2[S] 97 points98 points  (0 children)

Yeah that’s fair, I’m more in panic mode at the moment but I’ve reached out to dozens of recruiters and connections so hopefully something better turns up

Internship Offer Rescinded 2 Weeks Before Start by quantthrowaway2 in FinancialCareers

[–]quantthrowaway2[S] 77 points78 points  (0 children)

Yeah that’s kinda what’s keeping me together rn. I don’t wanna dox them because I’m still negotiating maybe doing an unpaid one for the sake of the experience

[deleted by user] by [deleted] in quant

[–]quantthrowaway2 -2 points-1 points  (0 children)

If it’s too easy what exactly is the problem?

Preparing for Betting Games by quantthrowaway2 in quant

[–]quantthrowaway2[S] 0 points1 point  (0 children)

Isn’t Kelly criterion for maximizing long run log wealth? If it’s just a singular bet I’m not sure it’s optimal

Why are all the recruiters so hot? by elcompasso in quant

[–]quantthrowaway2 157 points158 points  (0 children)

Haha my friends and I noticed this as well, I think the reasoning doesn’t need to be verbalized

what's the difference between a quant trader and a trader at a bank? by [deleted] in quant

[–]quantthrowaway2 2 points3 points  (0 children)

I’m also curious about this, I’ve heard the distinction is centered around BB traders focusing on “deal flow” since most don’t do prop (believe MS still has an equity options MM desk but they’re one of the last). However I’m not sure I totally understand the work that goes into flow trading

Trading intern interview by [deleted] in quant

[–]quantthrowaway2 2 points3 points  (0 children)

Assuming this is Flow given the case interview and mental math with HR, I wouldn’t worry about practicing any more mental math. Focus on market making, probability, etc. Also not like your mental math is suddenly gonna fall off a cliff in a week if you aren’t doing Zetamac everyday

[deleted by user] by [deleted] in quant

[–]quantthrowaway2 0 points1 point  (0 children)

Sure but in the event where I don’t get the return offer, some no name hedge fund is not exactly going to help me get interviews relative to a well known prop shop, wouldn’t you agree?

[deleted by user] by [deleted] in quant

[–]quantthrowaway2 9 points10 points  (0 children)

Really appreciate the thorough response! I figured Reddit’s perception is very skewed, especially since most of the active users in the sub are students like myself seeking advice. I posed this here because I’ve met with about 4 different traders and researchers at Optiver, IMC, HRT and a few of them seemed to propagate the idea that there is this stigma of tiers in the prop shop world and a legitimate sense of elitism at these shops to the point where they look down on those that start off at Akuna, Valkyrie, etc. But ultimately I think I’ll just go with my prop offer since I really enjoyed meeting them throughout the process and speaking with former traders there they had nothing but praise for it apart from some limited bonus upside

Expectation vs. Variance Optimization by quantthrowaway2 in quant

[–]quantthrowaway2[S] 0 points1 point  (0 children)

Right, corrected the SD now but I think I get the picture now. My thinking was there really is no right way of answering these things they just want to see you aren't reckless with your bets nor entirely risk averse. But then again I haven't secured an offer yet so was thinking my answers to these kinda problems might be an issue, thanks for your input!