Is two sigma still hiring? i have interviews with citadel, jane street and headlands but I am also really interested in two sigma.
Heard that they have slowed down hiring.
Why? Aren’t they making money hand over fist right now?
No idea, just heard it from someone in the industry interviewing right now.
Can someone explain in one line each these 2 questions: 1. What does 2sigma/DCW/Citadel and these other finance guys do? 2. Why are they talked about so much in the tech SWE world compared to finance Giants like Goldman Sachs or Bloomberg or American Express? Is it purely because of high TC?
1)HFT 2)TC and prestige
1) A hedge fund (Citadel, Two Sigma, DE Shaw) manages assets of outside investors (mostly) by speculating in multiple markets. These aren't the high frequency, algorithmic trading parts although they are quantitative Jane Street, Citadel Securities, etc. are market makers and arbitrageurs where trading is mostly automated and they don't take long positions 2) TC and prestige (high bar). Some people actually like the problems as well even if they aren't very inclined to finance itself
I have some bad news... They pretend they are hiring like normal but they practically froze hiring.
How do you know that?
False
Hiring is still officially happening but hiring bar extremely high rn. I refered many of my laid-off friends (most of them very high performers) and none of them have gotten thru. Mostly because we aren't growing anymore this year and given the awkwardness of hiring we just plan on waiting till after.
That makes a lot of sense! I guess I’ll try next year if I’m still in the market :)
anything changed this year?
More than one division had layoffs this year, so...
Tsi has had layoffs?
I don't think this is true. What other division besides the one mentioned on the blind chat?
iq?
Never officially took the test
He means if u were interviewing for the insurance division (two sigma insurance quantified) they did a bunch of layoffs and are scaling down
You wouldn't want to consider 2S if you can get offers from Citadel/JS. It's a tier lower.
But much better wlb
Jane street for sure Citadel comps u more but hourly it's the same and they're more dickish so I'd say it's a balanced tradeoff of what you want
TC/YoE?
Do TS/Jane Street/Citadel only hire quant devs? If not, is the comp similar for all types of roles? Do they interview from non Faang?
All of them have a regular dev role as well. And afaik all hire from non faang, but college and GPA might matter for Citadel
Off topic but the Headlands website looks pretty similar to the Citadel website lol
All 3 founders were long time Citadel guys. There are a lot of funds started from former Citadel people that use similar strategies and this is one of them. Apparently they also use similar marketing.
Do they follow Citadel's high TC too?