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Can someone give a tier list in terms of prestige of these quant firms for SWE. Is this tier list accurate ? Anything else we should add (these are the ones I know off the top of my head)? Tier 0: TGS Rentech Tier 1: Tower research Jane Street De shaw Citadel hrt Jump Tier 2: Square point Optiver Five rings Sunrise futures Feel free to add your own
What's tgs? @morgan Stanley are you fking kidding me citadel just became the most profitable HF ever and you are trying to derank it? Someone is salty.
Optiver tier 1
Not from what I’ve seen
@Virtu what have you seen? I think its alright for SWE.
There’s no prestige if 90% of the population has not heard of it. I’ve worked in banking and fintech, most people have no clue what Rentech or TGS is, let alone laymen that are in non financial sectors.
That's fine because prestige doesn't matter for those who don't get it anyway. You never work for them if you're already at that level, those around that level will know.
That’s one of these “if you know, you know” things. Imagine a supercar meet, here is the guy from Citibank in his Ferrari, here is the guy from Two Sigma in his Bugatti. And here is a guy from fkng TGS in Koenigsegg Regera.
First off does anyone here even know the difference between a hedge fund and a trading firm? You are comparing apples to oranges. And even within trading firms there are sub segments, like Optiver, IMC, SIG are good at options whereas Jump,HRT are good at stocks and futures. CS is good at both. Rentech,TGS, Citadel,PDT are hedge funds. It matters much more what you do at these firms, than which firm you are at. So many of these random tier lists, go get good at something instead of ranking these like usnews.
💯 what desk you end up has more variance than the firm
Wtf is tgs?
Why not ? Maybe I want more prestige than what I have now? Are you saying two sigma is good or bad ?
For SWE, it’s fairly limited since most play second fiddle to quants, but some may come close like quant/algo dev or fpga. For Rentech, the comp is solid, but not outstanding; the best part is being able to invest in the Medallion fund, especially in tax-advantaged accounts. TGS is too stealth, but from the data points I’ve seen, they beat the rest (including Rentech, but I’m not sure if you can invest in TGS since it’s a prop shop). Citadel (and Securities) pays out the ass in exchange for WLB; they also had an amazing year so I wouldn’t be surprised if their comp beats a lot of other Tier 1 offers. HRT treats their SWE as equals and WLB is solid for the pay from what I’ve heard (may be team dependent). The rest I’m not too familiar with, but Five Rings is solid for new grad and Two Sigma has the best WLB (even better than some FAANG) in exchange for FAANG tier pay up to senior/staff.
I think 5r is pretty prestigious among new grads, similar to JS? No idea about their comp or performance though
5R has a veneer of prestige since they basically exclusively hire out of prestegious schools. I don't know a lot of people that actually went to 5R over HRT, JS, CitSec, etc. I'd say its a notch below JS.
A quant at any one of these company >>> a SWE at any one of these companies. Among these firms you listed, what really matters is your job role, not the company name.
Square point? I though pay is low there. Also Optiver is same tier? Never heard of five rings, sunrise futures - are these new players? HFTs, HFs seem like such a small shady world in the dark corner. Not much info who is good, what are the pays, titles, bonuses etc
Add Jump+Susq. Imo CitSec should be lower.