Most prestigious companies on Wall Street (+consulting, hedge funds, private equity, prop trading, quant finance)

Google Aphrodite
May 4 15 Comments

(tier 1 based on brand name, reputation, resume value, and selectivity)

111 VOTES ALLOW MULTIPLE SELECTIONS
VOTE VIEW RESULT

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TOP 15 Comments
  • Rentec has just one vote, like most polls people don't know what are they even voting for, SMH.

    Edit: Golden Sachs, lmao
    May 4 8
    • Yes. DE Shaw is tier 1 and yes, GS people voting themselves and others based on what they see in media lol.

      And the whole point of prestige comes from the scarcity, like if the probability of getting in is 0.05% in a company that is killing it with money, then it's more prestigious than others. Also revenue generated per employee is a good metric
      May 4
    • Google Aphrodite
      OP
      Ditto with Blackstone and McKinsey. Overall, the false positive rate is moderately low, but the false negative rate is higher. Even if Goldman has a lower hire rate (due to spam resume submissions) than, say Evercore, most people probably have not even heard of nor are they qualified to apply for the latter.
      May 4
    • Off the topic - how do you remember false negative and false positive definitions on top of your head? I am always confused trying to recall the 'confusion matrix'
      May 4
    • Google Aphrodite
      OP
      false positive = mistakenly selected
      false negative = missed from selection
      recall = % of truth being covered
      precision = % of covered being true
      May 4
    • Thanks. I have grinded it a couple 100 times. FPR = FP/ TP + FN umm wait I am confused lol.

      This is helpful 😊
      May 4
  • Rentec with two — blind is blind outside of tech.
    May 4 0
  • Google Aphrodite
    OP
    Apologies in advance if your favorite XYZ company didn't make it into the elitism rankings.
    May 4 0
  • Susquehanna International / Eng Kristaps11
    There’s too much secrecy behind the financials of firms to know who’s really killing it and who isn’t. That and the pay band at most trading firms is insanely insanely wide.
    May 4 3
    • Google uzaname
      Not really. People know each other and talk. If you are with one if them you will have b-school buddies in most of the others.
      May 4
    • Susquehanna International / Eng Kristaps11
      You can know generally how well your firm does on a year by year basis and you can know exactly how well your desk does, but for the whole picture where all streams of revenue are taken into consideration (MM, arb, retail order flow, etc etc) really only extremely senior people will know.

      DRW probably had a better 2017 than the likes of JS and HRT but no one can know for sure, and most people wouldn’t think DRW is more “prestigious” than them.

      As for basing speculation on talent, that’s kinda tough too because you have very talented people from firms with very strong historic performance taking management positions at mediocre trading businesses pretty often.
      May 4
    • Google uzaname
      Fair points
      May 4