Software at hedge fund

Mar 13, 2018 15 Comments

What's it like working for two sigma, citadel, Jane street etc in software? How did u make the transition from tech companies?
Not talking about quant trading/research

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TOP 15 Comments
  • This comment was deleted by original commenter.

    • Microsoft / Eng Faadu
      Can confirm
      Mar 14, 2018
    • Chase tjPE83
      Can confirm
      May 7, 2018
    • Microsoft / Eng HoneySingh
      Can confirm
      May 9, 2018
  • Amazon / Eng ᕕ( ᐛ )ᕗ
    I worked for a proprietary trading firm (not a hedge fund). The money and perks are good, but traders are the first class citizens, not engineers. Definitely a very interesting world though, exciting and technically challenging. You have to have a passion for it to do it long term.
    Mar 14, 2018 0
  • Spotify Rdhak
    I hated it, my friend loves it. People are generally trying to switch the other way, esp if they’ve spent some time in tech. All the former big tech people left within two years, most one and it was largely due to a large signing bonus. It really depends on the person and the team. Your hours will be worse and there are no delusions that you’re the cost center, but you can also have more impact. If you aren’t assertive you will get stepped on. You’ll most likely be in nyc which is a bonus.
    Mar 14, 2018 3
    • Mesosphere onsie
      Curious where does your friend work?
      Mar 17, 2018
    • Spotify Rdhak
      We both worked for the same one, so mileage varies
      Mar 17, 2018
    • Mesosphere onsie
      If you don’t mind then where did you used to work?
      Mar 17, 2018
  • Two Sigma / Eng jwchb
    It's not much different, still making whatever software that management wants.

    Most shops seem to have shit hours, but I don't so take that however you want.
    Mar 14, 2018 0
  • Citadel iamsparta
    Citadel is all about results - you can work from the moon as long as you're producing. I believe Two Sigma (jwchb can correct me) and other Quant driven places are similar. Jane Street is different because it's more trader driven.
    Apr 26, 2018 1
    • Chase tjPE83
      Are there quant firms that are dev driven?
      May 5, 2018
  • Citadel iamsparta
    Don't do it, unless you're in front office tech (low latency at a high frequency shop), or unless you're a type B and have a really high utility for money.
    Apr 24, 2018 0
  • This comment was deleted by original commenter.

    • Chase tjPE83
      With the bad wlb rep of citadel i’d be surprised if the wfh culture is prevalent. Maybe 2sig
      May 7, 2018
  • Microsoft / Eng Faadu
    Adding few more tower research, optiver,
    Mar 13, 2018 1