Where does CTC stack up among trading firms? My impression is it’s around the same tier as Akuna, is that wrong? How is the comp for new grads? I’m currently interviewing for (quant) trading positions for summer 2021 internships and wanted to get a feel for how CTC stacks up since there’s not much info on it. #chicago #finance #trading #quant
I would put them in the 'upper tier' of large MMs with core business in options. Akuna more 'middle tier' IMO though latter has grown headcount quickly. CTC well-known for keeping low headcount relative to size of business b/c they are a 'culture-first' shop, and wanted to ensure over-growth wouldn't hurt/dilute culture. Akuna comparatively newer, and leaned on the fat years to drastically grow headcount (as well as ops) fast as possible and grab experienced employees from wherever ASAP. But revenue per employee looks quite different, etc.
Thanks for the response, do you know anything about compensation progression at CTC? If you know anything about compensation for quants and traders that would be amazing. Unfortunately the new grad compensation was relatively low compared to other firms (~215k first year).
IMO, this comparison is absolutely spot on!
ctc call their traders “quant trader” but it’s really more high tough based
Hi, thanks for responding! I have a new grad offer from CTC for the quant trading analyst role. I was wondering if you’d be able to let me know about compensation growth. When/how good do you have to be to hit 500k? When/how good do you have to be to hit 7 figures? I can DM you if you prefer to keep things private.
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Hard to compare CTC to anyone else, it's pretty unique. But they are larger than Akuna and growing
Do you feel CTC is collaborative? How would you describe the culture since it seems to be rated pretty well on Glassdoor. Also, do you mind PMing or commenting total compensation numbers for new grads, I can’t seem to find solid info on this. How is compensation growth at CTC?
@chifin okay if I DM you?