As a SWE, I interviewed with hedge funds from 01/2023 - 06/2023. I was rejected by all of them. With some interview loops, I smashed all their technical tests, and was still rejected. With one hedge fund, I passed round 1 of their technical evaluation, but did not pass their round 2. I've been consistently seeing the same spot advertised through LinkedIn. A 3rd party recruiter I worked with before contacted me out of the blue about 7 months after my interview loop with that hedge fund for the same position. It looks to me like this hedge fund can't find a person who fits their criteria perfectly. This tells me their round 2 is overly selective. I might be wrong. I've read that many hedge funds can pay so much that they are willing to wait on the perfect candidate. I guess that's what's happening here. Can people with hedge fund experience in SWE comment on my experience? I feel like I could do the job but their round 2 was asking for very specific things to the point that the fund isn't able to find anybody. And that's why this 3rd party recruiter reached out to me 7 months later for the exact same job. #hedgefund
Its not like tech where companies will hire if there is headcount and you pass the bar. You could do great but might still not get the offer if someone else has more specific experience for the role. Obviously don't be discouraged if you're doing well in the interviews, it just take more tries but you should always ask for feedback after getting rejected
This. HFs are just very selective, and passing the technical tests are a bare minimum. Since teams are lean, and risk can be high (bad algo can lose money), they can wait for the ideal candidate .
Many (smaller) trading desks try to optimize for PnL/head vs overall PnL hence they prefer to stay small vs unnecessarily expanding. Hiring to increase PnL/head is obviously much more difficult to do hence the bar can seem ridiculous at times (perhaps looking for very specific skill sets for an upcoming project, etc) Another way to look at it: lots of firms/teams are only passively hiring (analogous to employees only passively searching for jobs) and being very opportunistic in giving out offers
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Not specifically for swe, since it's hard to find company specific questions for quant firms, can you tell which topics were most tested? Dp? Was graphs asked?