Any positive/negative experiences? How to do it/prepare for the switch?
TOP 16 Comments
- New / Eng ryujehongIt’s pretty hard to get a quant or trader position if you are merely a software engineer in a tech company. Don’t even think about switching from software engineer to quant after you join hedge fund like Two Sigma, most people on their quant core team have PhD in math/physics/financial engineering from MIT, Princeton, Harvard, Yale, etc. The competition is fierce and that is where the real elites are. There is no point to be a software engineer in a non-tech company.
- New / Eng ryujehongPersonal investment is a very different story. There’s no way you can move the market by trading for yourself unless you are Warren Buffet and the like, but companies like those well known hedge funds and other major buy side players can move the market significantly.
- Also if you're in Seattle and serious about this pm me. We can start a once a week Meetup
- Square edtk24Assuming you want to stay a SWE:
SWEs will do well at HFT shops, which are basically tech companies anyway. Not a huge growth industry these days though.
The SWEs I know at places like Two Sigma are also pretty happy. Again, culturally similar to a tech company. As others have said, it’s difficult to convert to a quant role, if that’s what you actually want.
I don’t recommend going to a traditional hedge fund. The level of technical competence tends to be much lower.
- Revinate JPQGo for it. Just don't expect a top company from the start, nor to get to a trading desk with little market insight. Figure out what type of Quant you want to be. There are 3 to 6 depending on who you ask. High frequency trader is just one over-exposed type. There are other development heavy roles if you aren't so good with higher level math, nor finance.
In fact, try joining www.untapt.com it's full of Quant-dev jobs... but all on the east coast. Good luck.
- Statistically most hedge funds don't outperform the S&P 500. The only people who make money there are the partners who take huge fees rain or shine. A really good general analyst with a deep industry specialization in a hot field (e.g. healthcare) could easily make millions in bonus if they are right but quickly become unemployed if they are wrong.
Just remember, you only hesr success stories.