Got interview for data scientist at 2 sigma. What’s the diff between DS and quant researcher in 2 sigma? Do DS have chance to work on quant trading strategies? Any difference on the pay?
What does interview for DS at two sigma look like?
I heard the pay is a good amount lower, but it'll beat Visa.
how much can I expect? I also have interviews from tech companies such as Google Facebook LinkedIn, will it beat those?
What was the interview for DS at Two Sigma like?
Data scientist work is data engineering / cleanup / feature engineering. Quants do research and develop models. There is a slight difference in pay, just like there's a slight difference in pay between the data scientists and the people who work in the mail room.
That last statement lol. Are you either of the two? Can I dm you?
So DS has no chance to work at modeling? HR has lied to me...
So the pay at two sigma is QR > > DS > SWE?
No I would bet SWE > DS maybe equal. Some SWE are not paid well at TS, so it's hard to say.
Then it’s not worth going at all...
@OP- What's your resume like?
All ML, causal inference and AB testing. Nothing related to finance.
how tough was the onsite interview , were questions from LC hard ? medium ?
Having worked on 4 years on desk, I can tell you that it is not as simple as being a “quant” as you think to make strategies. Only a handful of quants actually make it a position that guides strategies. Rest basically models for risk, like a back office job. Most software engineers in FAANG makes way more money than those types of quants. The other kind of quants who actually make strategies that drive portfolio are on a different scale all together. They come from various backgrounds, including being traders, Algo engineers, stats modeling, DS etc... Oh yeah, unless you had experience cutting it out with the pressure and real thick skin, the money you make is going look like a burden pretty fast.
I second that. Been working as a Quant for 3 years now. Only a tiny population of quants actually drive portfolio. Rest others just work on creating new signals to enhance existing trading models or model portfolio risk or create dashboards for daily portfolio monitoring. And as the industry matures with algo trading, the latter category of quants are being considered as cost center rather than a revenue generator.
Looks similar to DS
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DS not as competitive I’m pretty sure. That being said, there are about ten tiers of companies between 2sigma and Visa, so you’re gonna take this offer no matter what if you get it.
"Ten tiers of companies between 2sigma and visa" made me LOL
How many tiers between Visa and Credit Karma?