Two Sigma WLB

Facebook fjrjdjek
Nov 4, 2018 18 Comments

How's the WLB for SWE at Two Sigma? I heard in general hedge funds can be pretty stressful with long hours, but have seen a few anecdotes saying otherwise for 2S.

How does the WLB compare to FB and Google?

Also is there an Up or Out policy like at FB?

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TOP 18 Comments
  • New / Data
    RenTec

    New Data

    PRE
    Google
    RenTecmore
    Work life balance is comparable to large tech companies. You can expect 40 - 45 hours if you're a software engineer (front office) or research analyst/scientist.

    If you're an engineer in the back office you may work closer to 50 hours per week.

    More generally speaking, work life balance at quantitative hedge funds is comparable to tech. A lot of people conflate hedge funds with other areas of finance (like banking), which is why you hear so many people (typically not in the industry) telling you the work life balance is poor. It's mostly not.

    That being said, there are exceptions. Citadel is known for having a poorer work life balance overall. And you'll generally earn more and enjoy your work more by working in tech instead of the back office of a hedge fund.
    Nov 4, 2018 3
    • Facebook fjrjdjek
      OP
      Thanks for your insights. What do you mean by an engineer in the back office?
      Nov 4, 2018
    • New / Data
      RenTec

      New Data

      PRE
      Google
      RenTecmore
      In finance roles which directly contribute to profit are considered front office. Roles which support the front office are back office. It's not a hard and fast rule, but generally quants (algorithm design) and developers working closely with them (algorithm implementation and optimization) are front office. The back office are infrastructure, IT, operations, internal software, etc.
      Nov 4, 2018
    • Facebook fjrjdjek
      OP
      What's the reason for the back office engineers working longer hours than front office? I would've expected front office to work more since it sounds like their work is more important and might have more immediate deadlines, but just my (incorrect) guess.
      Nov 4, 2018
  • Uber Uber|
    Two Sigma is like the Google in Hedge Fund
    Nov 4, 2018 1
    • New / Data
      RenTec

      New Data

      PRE
      Google
      RenTecmore
      No, not really.
      Nov 4, 2018
  • Two Sigma / Eng
    TwvJ62

    Two Sigma Eng

    PRE
    Google
    TwvJ62more
    9-10am to 6 for most teams in eng. With 1 hour lunch. No free food tho.
    Nov 8, 2018 1
    • Facebook fjrjdjek
      OP
      Sounds great. Do you know how 2S is able to keep wlb so good compared to other hedge funds like citadel? Even de Shaw supposedly has long hours despite being better than Citadel.
      Nov 8, 2018
  • Facebook wonder🍞
    way better than FB, super chill. team dependent ofc
    Nov 4, 2018 7
    • Facebook wonder🍞
      not sure, haven’t been on any bad teams. no official up or out, but if you can’t make FB’s promo schedule I would worry about being terminated based on performance
      Nov 6, 2018
    • Facebook fjrjdjek
      OP
      You mean you would worry about being terminated at Two Sigma if one can't make FB's promo schedule? If that's the case, in what ways is the WLB here way better than FB?
      Nov 6, 2018
    • Facebook fjrjdjek
      OP
      Hey @wonder can you elaborate on that last point? If you don't roughly follow FB's promo schedule at 2S you'll likely be terminated for performance anyways so won't that type of pressure and expectations make wlb just as bad as FB?
      Nov 10, 2018
    • Facebook wonder🍞
      i mean.. IMO that’s not what makes wlb at fb bad lol the promo to E5 is easy. but that’s just my perspective
      Nov 10, 2018
    • Facebook awtcdwb
      Can you share more about why the WLB at Two Sigma is much better than FB if it's not due to lack of an "Up or Out" policy?
      Nov 10, 2018
  • Microsoft Satyo
    You are talking about traders and quants....
    Nov 4, 2018 1
    • Facebook fjrjdjek
      OP
      Can you elaborate?
      Nov 4, 2018