About to accept an offer with a NY based quant firm (think JS/HRT/TS, etc). I think having Microsoft on my resume has certainly helped open a lot of doors. Will it be possible to jump back to big tech if I have one of JS/HRT/TS on my resume and am working there? Do tech recruiters recognize these firms? Just want to ensure I’m not getting into a resume graveyard by accepting this. TC/YOE: 200/3 #jobs #faang
Used to have an easy time getting interviews at FAANG. They all went silent now. There's definitely a bias against finance folks.
What do you mean by bias?
Might have to do with them knowing that they can't compete with Jane Street...
Some of the people are right here and some are wrong. If you go into quants, tech companies will still hire you. If you go into Algo trading thats good as well. But my experience may vary as I am from India. I started in a small prop trading firm(I am trading since I was 15) in NY and then moved to quants and then later to tech.
So were tech recruiters able to recognize your trading companies and understand the work?
Yes, I have interviewed at a lot of companies and a lot of them did understand what I did and I had a genuine reason to change from quants to dev and I told my recruiter for MSFT that I am looking for a relaxed company with very good wlb. The company I worked as a prop trader for isn't that well known but it's very niche and pays very well. I shifted to quants midway to learn Algo trading and that's how I learnt programming.
You will have a tough time. HFT does not produce skills useful to technology companies. The culture is also very different and will be difficult to hide. You will need to explain why you choose to go into area solely for making money and enriching the already rich instead of building products that people use. It’s not a good look, basically. Finance has a generally poor reputation in SV and using your skills to play the markets instead of be a part of a team building technology product is just kinda side eye situation. Recruiters and hiring managers will not understand your work and you will have trouble selling your projects.
Is this true throughout? Seems like a bit of a generalization.
Do you want a probability distribution of people in HFT going back into tech? It’s called population mean
If you ever switch to finance make sure it’s a company where you see yourself staying for atleast 5 + years to make full use of the opportunity. There are garden leaves, non compete, etc that’ll fk up your career when you do what to switch back to tech. Like why would a rocket ship startup or cool team at fang hire you back when your skills have drifted over the years? Think..
Do garden leaves and non competes apply when switching to tech as well?
They don't. And high performance code and complex data domains also matter in tech.
FAANG won’t accept you because they won’t be able to match your HFT comp 😂
No I was BANISHED FOR LYFE
It probably depends. But I can give you my example. I'm a hiring manager for my team and I work with recruiting by looking into every single CV to double check their decisions. If I see Jane Street on your CV, you are being called to interview pretty much regardless of the experience.
Would all of Jump Trading, DRW, Citadel Securities also lead to a call from you?
Depends on the competition, number of openings, etc. But for most of these, no, not as easy as JS. Why JS? Because it's incredibly hard to get in, if you managed to work there, there's a good probability you're outstandingly smart and you deserve a chance at least, even though you likely did irrelevant job for our role. Maybe a couple of others match this requirement, but I didn't do due diligence of them (Jump Trading for instance) because I never encountered them on candidate's CV
Are you asking me? I would rank them slightly below Jump, DRW and CitSec.
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No one is gonna touch you after HFT.
Are you serious? I’m really anxious about it so it would be great to get a serious reply
Pretty sure Bloomberg is trolling. If you can get an offer at JS/HRT/Citsec type places then fb/g should be extremely easy for you too. Some unicorns also really like ex-quant 😉