What’s the difference in the interview process as well as daily work? What’s the difference in the compensation? Are they discriminating by location as well? (Eg people in California make way more that I make in London for the same job) Also, are quants better treated than SWEs there? TC 170k, 5yoe
quants are 1st class citizens at hedge funds and can easily have 1m+ TC on good years
Quant trading interview has no coding, it’s just stats and probability, brain teasers and some estimation/market making games
Lots of quant traders write code!! :)
For sure, was pretty happy after hearing about that from some JS traders :) Just wanted to point out that JS doesn’t test programming for quant trading interviews at least for internships in my experience and from what I’ve heard from JS traders.
Quants are always treated better than swe their the ones with that bring in the $$$$$$ not even comparable in job task wtf
Why do you say not comparable? It’s not like they are pure traders
Quants are mathematicians who use code to test their predictions and find optimal solutions. Swe are code monkeys who build tools to help others/showcase things. Not really comparable & being a quant has really high standards and usually requires a phd from noname schools or masters from prestige school