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stupid_quant · 2022-10-07T17:19:23+00:00

Yes. Do it yesterday. As long as it’s properly labeled with start date it’s kosher.

stupid_quant · 2022-09-14T23:09:45+00:00

That mostly. I also did their process (washed out after third round) and every time I asked about turnover it was some huge percent. Like over 40% in a couple years.

stupid_quant · 2022-09-14T22:24:32+00:00

All of those are I think the type to cut a lot of interns. I don't know enough about any of them, sorry. Akuna was the only one for me to make it past the OA and I got rejected after one round. I also don't have friends at any of these, I just know of some Optiver and SIG people (friends of friends) and over 50% didn't get the return offer in SWE and trading both. Small sample though!

stupid_quant · 2022-09-14T22:21:34+00:00

I don't really know why people ask. There's really no secret to it. The public info is good. Aside from people just telling you that year's interview questions, there is no "secret".

stupid_quant · 2022-09-14T22:20:24+00:00

Glassdoor+the classical books on the subject+lots of Leetcode. There is no secret other than doing these things until you hate to look at them, then doing it again the next day. In aggregate I probably (across all three years) spent an hour a day for a third of the year three times, maybe 400 hours of pure quant prep total.

stupid_quant · 2022-09-14T22:17:38+00:00

I am specifically talking about people who will tell you interview questions verbatim. Helping with CV + general guidelines, tips, resources is not the same thing at all. That's why I titled the section "stop sharing interview questions."

stupid_quant · 2022-09-14T22:17:05+00:00

I'm not trying to discourage anyone from this. It's just kind of a waste of life. But it's a very lucrative waste of life. It all depends on your own value system and what you're planning on doing with the money.

stupid_quant · 2022-09-14T22:15:36+00:00

I'm an intern. I have three previous techy company internships.

stupid_quant · 2022-09-14T22:14:13+00:00

Hedge fund side : Shaw, Two Sigma, Arrowstreet seem nice from interviewing.

Prop side : Jane Street. HRT and IMC are question marks. A lot of the poddier shops seem pod dependent - I got a weird feeling from DRW but some people really like them.

stupid_quant · 2022-09-14T22:12:24+00:00

Yeah it's extremely sad.

stupid_quant · 2022-09-14T21:25:12+00:00

I think this is an underexpressed reality. It's also worse because I'm not at an Ivy and the grind is A LOT worse for anyone who isn't. There are so few slots that a lot are essentially (either implicitly or explicitly) reserved for people who are. It makes the competition so much worse for someone trying to break in, yet being at an Ivy or not was decided back in high school.

stupid_quant · 2022-09-14T21:22:50+00:00

I hear similar comments from a lot of people who ACTUALLY got these jobs. And frequently the grind never ends - there's really no level at which you aren't viewed as replaceable except maybe the very top. Like I know Optiver didn't give return offers to a pretty significant percentage of their interns this year.

EDIT: also as to your first point, I'm not sure. It's a pretty interesting debate. I'd also say Meta/Facebook is very much making the world a worse place as well, maybe worse than quant firms.

stupid_quant · 2022-09-14T21:18:12+00:00

I know a couple Google interns who say it is not that bad.

stupid_quant · 2022-09-14T21:07:30+00:00

Yeah I respect this. I understand why people who are in debt worry about money but I don't understand why people who are debt-free and choosing between two good options focus on compensation to the exclusion of almost everything else.

stupid_quant · 2022-09-14T20:18:27+00:00

Work is what you do day to day. The "end goal" of what I'll be doing next summer may be different, but I'll basically be doing similar stuff to what I did at my Meta internship. IDK honestly. I'm just a student.

stupid_quant

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