Basic EV/prob and some brain teasers. On top of that, Cap1 starting salary is around the same as intern pay, while SIG ADMIN MOD. Assuming you were asking for the the first one, SIG is probably the easiest to get into. okay, I'll keep practicing and I'll start the assessment too. Chicago, Illinois United States. Reload to refresh your session. First of all, how do people even compare JS/Optiver/Sig/Cit Sec in the same tier list as HRT/Two Sigma/Citadel when they do I mean pretty much every firm is a spin off of older firms. Hey guys, Please help me out. Can people who sat the test give a brief rundown of all the topics that are covered in the test? What quant firms are sports betting. 59K subscribers in the quant community. I know both IMC/DRW has the same pay for QT/QR for NG, and Cit Sec is paying more for QRs than QDs. It was Sig final round is quite tough (a big jump from their earlier rounds which are typically quite easy). Anyways, if anybody's gotten through this, what kind of score do you generally need to get passed through Sig (quant trading) vs Google vs coinbase. Reply. •. It's a graduate quant role. Have done these interviews in the past, though it’s been a few years it’s very standardized. Research in physics is quantitative research. SIG Trading Internship 2023 OA cutoff. Attention new and aspiring quants! We get a lot of threads about the hiring process, interviews, online assignments, and timelines for these things, To try to centralize this info a bit better and cut down on this repetitive content we have weekly megathreads for this content, posted Easy questions but try to reach the last 2 questions. Usually around 50%. recruiter was a lil weird but company itself seems like a great ETF shop. Jun 10, 2024 · I interviewed at Susquehanna International Group (SIG) (Durham, NC) in 2/1/2024. This is for a US position. what major are you? Most of the people I know interviewed for software engineering roles and haven’t met someone who interviewed quant. Interview Guide Books. And where we talk about "quant research" we really mean "quantitative research trading" or "applied trading quantitative research". There are two kinds of quants. We work very closely with other quants, quant traders and devs. I know there is a technical aspect but is it purely technical, or a combo of behavioral and technical, or if there was some finance, etc. DRW - Heavy math and data science emphasis. I just did the first one today and everything went well. Saw another comment on this sub that said it covered Calc 1 optimization, stats / probability, parametric equations and finding the maximum of a parametric function, etc. r/FinancialCareers. Akuna is an Optiver spin-off. Questions are pretty easy. Best. bonds, equities) and now had moved to crypto trading firms. SIG - Best WLB, heavy trader emphasis, great education. I think comp would start around $300k. ). 2. For more info go to /r/Save3rdPartyApps/ &#x200B; https://redd. Game theory rings true in everything we do. QRs get about the same as QTs and QDs get a bit less than both. There are still other areas of finance that aren't quant but involve mathematic analysis. Retention Rate - Completely market driven. Google SWE is easier to get than Sig Trader lol. It was 14 questions in 20 minutes and I had idiotically thought that no calculators were allowed. Where did the SIG trading internships go? I thought summer 2024 was out? 0 comments. As a Quantitative Systematic Trading Intern at SIG, you will work on projects that model the work of our full-time employees. I'd like to know if anyone else has done it SIG’s Quantitative Researchers hold advanced degrees from diverse fields including mathematics, physics, computer science, and engineering. Online Assessment： 9 probability and combinatory or logic questions, total 60 minutes. Showing 1 - 10 of 19 jobs. One of the hardest parts about getting into quant companies is getting the interview. At SIG, you will work alongside traders and software engineers to develop, test, and SIG FT is 200k base + 100k sign-on + 100k expected Y1 bonus. decision making in trading. So if we assume the average starting salary is for a 27 year old (21 undergrad+ 6 years PhD) and a base of 400-500k and TC 700k Now think about how much more an IB analyst can grow from a 21-27 age (high achievers can reach VP). ago. Quant Trading: SIG (Susquehanna) vs. At my former company (SIG), the traders were mostly straight from UG. Here's a detailed overview of SIG's 20-minute Quantitative Evaluation, for anyone seeing this in the future. We are experts in trading essentially all listed financial products and asset classes, with a focus on SIG Equity Research Associate Test. Browse our opportunities and apply today to a Susquehanna International Group, LLP quantitative-trading-strategy position. You have to response quick and precisely. Just 1 more to go, but we haven't discussed compensation at all yet. Annual Total Compensation: $70,000-80,000 (start), $150,000-200,000 (experienced) High Stability. You can expect both types of questions although a lot of it is upto your luck and the interviewer. I'm surprise u/zlbb put Domeyard on here but missed all the other good quant firms in Boston. 1 / 2. SIG is highly manual / semi-systematic, you learn a lot of game theory and decision making. SnooEpiphanies7080. I made it past the probability OA and I was wondering how the first phone screen was. This can be somewhat verified by looking at the job postings of NY firms as they are by The SIG had underperformed some of its peers within GIC, said the people, without elaborating. Quantitative Evaluation which requires you to finish 16 problems in 20 minutes. Other advice - Both have a wide remit, but i think SIG would exposuree to more elements of Apply for Quantitative Sports Researcher – Graduate Hire job with Susquehanna International Group, LLP Careers in Bala Cynwyd (Philadelphia Area), Pennsylvania United States. I would really appreciate some info/opinions about them with respect to: - Career growth (i. The maths we use is pretty varied. Jane street is a SIG spin-off. The real question is: is it possible to get it without PhD. ADMIN MOD. Get the Reddit app Scan this QR code to download the app now SIG Quant Trader Company Question I got an OA for SIG. When to discuss salary? (SIG quant) When should you typically discuss salary? I've just done 3rd round for SIG in Europe, they seem to like me a lot. Alright guys, posted this before but given recruiting us picking up happy to do it again since many found helpful. Do any of these (or any other quant firm) ever come here during for career fairs / office hours, and if so, when do they come? I don't think for office hours. Please delete this post if it is related to getting a job as a quant, causing with a change of being a quant, or getting the right training/education to be a quant. Find out how we use our favorite games to hone our skills and apply them to complex financial markets. I was wondering what people's opinions are. HRT is a SIG spin-off. Optiver probably has the higher ceiling, more turnover though. pushed to becoming an excellent trader) Wondering if anyone here could speak to career/comp progression/wlb at SIG vs. 7 hours per day (53. 51 votes, 13 comments. Just gonna make this post since I see a lot of people want to get into this industry, mostly for money. That's the part you're seeing on this reddit when you talk about best schools etc Then there's a slug of people working for banks, doing risk modeling, valuations etc. I certainly like that IMC is in Chicago which seems like a much better location than Philly. Any names, I am curious? Due to abuse of the General flair to evade rules, this post will be reviewed by a moderator. One common pattern I see is people building their own algorithm by blindly fitting Quant Trader Interview Preparation. Optiver. What can the average summer intern earn whether it be in quant trading, analysis, research etc. 5 Strategies in Quant Trading Algorithms. Interview questions [1] Question 1. Jane Street has some of the hardest interviews but is more generous in giving you chance (i. Quant researcher interviews include the trader's interviews topics + programming + possibly Machine Learning. Quant Trader is mostly undergrads without as much of a research background. I would not describe myself as a superstar, more like an average performer. If you get an exploding offer before applications open, you can contact them and they’ll push you through the rounds faster. At that point you sign a 3-year non compete(not rolling, if you graduate training April 2023 your non-compete lasts until April 2026. As one of the largest proprietary trading firms in the world, we trade our own capital at our own risk. The second ball you have a 2/3 chance of getting right. Of course most quant jobs are in traditional finance so over time so I've started preparing for quant interviews at such places. Nice vibe, not quite FO money but I never liked the look of the hours! There’s 5 main topics for trading. SIG Quantitative Evaluation Test I have to sit the evaluation test in about a week, but I'm in first year undergrad so will have to teach myself a lot of the maths prereqs. In general, the base was contained to $100k-$200k and the remaining was in the form of bonus, sign-on and performance. The quantitative questions were pretty easy. Edit: Also, the reputation of quant firms having bad WLB is NOT true for most of the top quant firms (though, it is true for a few). It's a small firm that you probably haven't heard of. Was at a recruiting event recently where a senior trader said "If A subreddit for the quantitative finance: discussions, resources and research. I've heard some mixed things about comp structure (especially with 3 year non-compete) but also some positive things about wlb. What about quant dev, which is somewhere in between? Quant dev is front office (converting models to high performance c++), so I imagine it would be pretty good. trading interview. JS is also paying QT/QR more than QDs. Brian (one of the ex-SIG, Goldman instructors) even helped me get an extra $125K afterwards. Most of the positions are either quant researcher, quant dev or just software engineer. If you arent sure what SIG is, it stands for Susquehanna International Group. The game of poker is valuable in more ways than you may think. In the meantime, the software engineers (SWEs) and machine learning engineers (MLEs) will start working on making the model ready to SIG is a global quantitative trading firm founded with an entrepreneurial mindset and a rigorous analytical approach to decision making. &nbsp; &nbsp; Go to algotrading. Jane Street and Citadel are currently like $550,000 for new grad. This sub will be private for at least a week from June 12th. r/algotrading. We’re big on competition, strategy, and managing risk – just like great gamers are. So I can't answer your question, but I was wondering how did you do in the previous two interviews to get invited to the onsite. I'm slowly moving into MM now that I'm given more reasonable fees because of my volume. ps33x. So you can find a few quant positions at almost any buy-side firm. Wondering if there is anything else I should prepare for or how I should best Apply/get referred -> Coding and/or math test -> HR phone screen -> technical phone screen (s) -> (virtual) onsite interview -> offer (contingent on reference/background checks but if you have work authorization and no criminal/civil judgement history this is a formality) Interview subjects: Coding/algorithms: typically easier than SWE positions. I’ve heard some bad things about Citadel (long hours - longer than SIG!). DM me if you’ve any specific questions about SIG or just want some general advice. While non-competes are common to protect firms' proprietary information and strategies, the duration and terms matter significantly. Quant Jobs : Brutally Honest Reflections. Best_Return_1420. I feel 20 min is small amount of time considering the fact that lots of questions are simple but lengthy. New York, New York United States. Any update? I am also on the same path. When I was preparing for my own interviews, I have noticed the lack of accurate information and so I will be providing my own perspectives. Questions were related to probability. Most days are between 10 and 12 hours. Adding math/stat won’t really help, you should try to do a PhD (or masters) in math If you are a graduate seeking advice that should have been asked in the megathread you may be banned if this post is judged to be evading the sub rules. Also known as a middle office quantitative analyst, or back office quantitative analyst. Building Foundations: The interview questions in these books might be challenging especially if you don't have a solid grounding in topics like probability, statistics, formal logic etc. SIG ;-) Seriously, I wouldn’t have any problem recommending SIG for front office development (ie, my role). The main agenda of this post is to get assistance with the SIG Quantitative Evaluation which is done through the 3rd party - MettI. Probably not paying the piper. From posts on Reddit, trading and research at SIG seem top tier, while regular SWE is meh. Career Advice. A subreddit for the quantitative finance: discussions, resources and research. Quantitative research is a misnomer. Progression - Don't split hairs about comp for these intakes. My friend got referred and so got OA mid july before the app opened but still took over a week for him. Weekly Megathread: Hiring, Interview and Assignment Advice. Requires a BSc, usually a BSc (Hons), MSc and PhDs are preferable. They are scientists. Could somebody help compare and contrast the Quant Researcher vs Quant Trader roles at a shop like SIG in terms of underlying skill set, workflow, career progression and ultimately comp? Wᴇʟᴄᴏᴍᴇ ᴛᴏ ʀ/SGExᴀᴍs – the largest community on reddit discussing education and student life in Singapore! SGExams is also more than a subreddit - we're a registered nonprofit that organises initiatives supporting students' academics, career guidance, mental health and holistic development, such as webinars and mentorship programmes. SIG has: - better training - better pay (way better in few years) - better exit 64K subscribers in the quant community. I’m from a non-target school and I am giving myself 1 full year to practice for quant Trader Interview before I apply. 4 - Repeating patterns -- 2,4,8,6,2 -- follow the pattern. Just wanted to know the average profile of the interns at places like Optiver, SIG, Akuna, 2Sig, etc. 7M$ in volume, mostly stat arb. Hey everyone, I am a former Wall Street trader and quant researcher. It was 1 hour and it had 16 questions. Feel free to ask questions about anything on your mind quant related. However recently at an alumni event I met multiple traders who'd done their time in tradfi firms eg GS and asset classes (eg. Each firm’s interviews will take about 3 weeks unless you have to go faster due to an exploding offer. Interview Advice. SIG Math test for "Graduate Quantitative Researcher/Analyst (PhD)" I appeared for their 20 min math assessment test. Take Akuna’s Options 101, free online) I interviewed with JS, HRT (algo dev), Citadel, Optiver, IMC, Flow, D. The issue is that these firms become harder and harder to start. In terms of new-grad prestige, five rings trumps optiver. I'd…. Add a Comment. If you are a graduate seeking advice that should have been asked in the megathread you may be banned if this post is judged to be evading the sub rules. I heard Akuna's interview is challenging ones but their offer is kind of lowball in comparison to Jane Street or Optiver. Does anybody know the cutoff for the OA for the trading internship? Definitely nowhere near a 100 i got like 30% wrong and I passed. I had offers for quant research, trader, and dev, and have noticed that the dev offers tend to be skewed towards base, trader offers tend to be skewed towards bonus, and research offers The whole industry is moving towards quantitative methodologies even if they aren't 100% driven by a quantitative process. You’ll also be working on primarily banking stuff at Cap1 vs implementing trading algorithms or improving low latency infrastructure at SIG. 1. The offers ranged from $250k-$500k. If you’re doing trading roles then IMC is more of a data science role, SIG is super black box-y for traders and kind of like a bank environment, Optiver and five rings are the closest to one another. Do you not enjoy what you're doing now? You can also look into some areas of risk management that aren't quant focused as math backgrounds are looked upon well there, areas like valuation control or product control, areas like that. 2023 is coming to a close, so time to post total comp numbers. I haven’t heard anything good or bad about Virtu. Got an invite to take SIG's online 20 minute quantitative evaluation. 2023 Quant Total Compensation Thread. They are a quantitative based trading firm and one of the largest market makers in the derivatives market. SIG First Phone Screen Trading Internship. I already accepted coinbase for the summer but I have offers from Susquehanna (quant not swe) and Google. If I end up staying a non-decision making quant (basically low-rent data scientist + premia for a more specialized skill set…) it’s whatever. Have a gaming/sports betting/poker culture and view on trading. Sort by. I was wondering if you know of any Poker competitions that SIG or other firms like Citadel, Optiver, DRW, CTC etc are hosting this year or early next year? Any suggestions would be great. If/when you graduate training(can be from 6 months to over a year), they renegotiate your contract. … I am interested in SIG or other quant shops but am relatively foreign to that side of the business. I'm not sure if professional shops like SIG or Jane are that permissive. 12. I got offers at 2 shops. OldHobbitsDieHard. A 3-year non-compete does sound quite restrictive, especially in the dynamic field of prop trading. Only gets tricky when it gets to superday, because they only take one out of every group they interview at a time, and you really have to stand out. Choose whatever you want but do not compare "quant off-cycle for Barclays" to "Quant Trader for SIG". A place for redditors to discuss quantitative trading, statistical methods, econometrics, programming, implementation, automated strategies, and bounce ideas off each other for constructive criticism. Thanks. giving you a first interview) compared to Citadel. Quantitative Systematic Trading Intern – PhD. Hours. Our quants apply their problem solving expertise to real-time trading opportunities within the capital markets. SIG Internships. SIG: Trading Online Assessment for discovery day? So I just took the online assessment for SIG's trading (internship) and did pretty mediocre. The Quant Research group was the home for PhDs. Hi guys, I'm going to take the SIG Math Test for an internship. Although SIG has a nyc office it seems the quality of their internship there is lower. • 1 yr. The videos do a pretty great job at teaching from first principles how to answer prob/betting questions and the interview q bank is a good way of mastering skills. MembersOnline. Unlike SIG's other, more in-depth Problem-Solving Assessment (9-12 questions, 60 minutes), here you will need to work fast. Alameda, California United States. Below is a copy and paste from the previous - feel Companies like Citadel, Jane Street, Hudson River Trading, DE Shaw and Two Sigma all pay an insane amount for talent. Citadel securities is a much better place to start full time. You will also go through a comprehensive education program and interact with The whole point of my post is to clear up a misconception. aim the crypto space, Wintermute is an Optiver spin-off and Alameda is a Jane street spin-off. Optiver- Probably the fastest comp growth. Probably quant trader and quant analyst as well but I haven't seen the offers for those. The first ball you have a 50% chance of getting right. Citadel is highly automated, most of what you do will be very quantitative / data-driven research => these skills SIG Online Math Test. One of my friends runs a small quant fund (formerly was part of a larger fund at a firm like Jane street, citadel etc. the caller will be from HR and ask 3 questions on basic I am about to take a similar test and I would like to ask you some questions if you don't mind. More siloed trading style. New grad (Bachelor's) quant dev offer $330k, AMA. Realized the thing with slaving away to get rich is, once/if you do get rich, you’ll have to reckon with the lack of identity outside of work. After Matt Greenwood, the chief innovation officer of Two Sigma, the New York-based hedge fund, said a few weeks ago that mid-ranking quants are in a slough of despair, a New York recruiter says hedge fund quant developers on $600k probably need to prepare for a pay cut. This is primarily because SIG trades very different from Citadel Securities. Just as a comparison, Cap1 is doing $61/hr, while SIG is doing $100/hr plus a $20,000-27,500 sign on bonus for interns. Conditional probability of selecting a good/qualified candidate based on prestige is why. Some of these do involve non trivial maths, but they’re largely ‘done’. Culture - My experience is SIG is pretty good in its euro bases. MinuteHeight2384. Hey guys, I've been getting fond of Poker lately and I hope to get into a top QT firm. The best site I have come across for developing smoothing yourself into quant-style Most quant traders come straight out of undergrad, we recruit mainly from MIT, Stanford, Princeton, Caltech, and Harvard for undergrad (I know a kid who got in from UPenn undergrad but he was part of the M&T program), unfortunately NYU won’t make the cut. The reason I have written into this forum is to gain additional knowledge on the application stages, which I am aware are pretty rigorous. Undergrad Theoretical Physics (not particularly well), worked for a couple of years in QA for a fintech, masters in Financial Maths, been working as a consultant and quant dev for a fintech (middle office focus) for about 6 years now. The pay at SIG is certainly higher, but that's not the most important factor in my intern search. Each question is straightforward, but you need to go pretty fast. r/quant. Typically, for <2 YOE. I'm open to either quant or swe but I'm not too familiar with quant. Yeah ig it takes some time. Sports Analytics at Susquehanna International Group, LLP Careers “It's not easy being a hedge fund quant or quant developer. We use poker to teach new traders about decision . At the same time, if you fail too hard your first interview they might blacklist you. Quant trading recruiting megathread. Quant companies will ask much harder questions, on average, than FAANG+. If you have a PhD you would probably want to go into Quant Research/Systematic Quantitative Strategist roles at SIG. Feel free to submit papers/links of Externally the titles seem important, internally no one cares (from my experience). Appears to be a little more cutthroat in culture. Shaw (quant analyst), DRW, Jump, SIG, Virtu, Akuna, Five Rings and landed 3 offers. Interns + Co-ops. 5 hours per week). Edit: I currently run about 2000 trades a day with 0. Hi, Currently on my 4th round: Online Assessment, about 15 statistics problems Talk to a HR, also statistics problems Talk to another HR, only…. I would assume performance is team/product dependent. quant trading interview. You signed in with another tab or window. But I had to solve 14 problems in 20 mins. • 19 days ago. Sep 16, 2018 · 17/6 dollars - You’ll always get the last ball right as your sampling w/o replacement. Aggregate of Quant Interview Prep Resources. Generally speaking in this space, unless you’re on a very new team, we already have models for all of the core problems. I found trader interviews involve mental math, probability & stats, behavioural topics. The data scientists/quants will start deploying the model into a testing environment that is sequestered from the rest of the trading floor, and they'll start testing it on live data over a short period of time. Also Five rings has NYC so there NG Firm Tier Lists Are Misleading. -. While some of the world’s best-known quant funds managed to deliver stellar performances during a challenging 2022 – raising the bar for similar strategies – the industry is having a more difficult 2023 even as global stocks rise. It's 1 hour long and will ask about probability, combinatorics, and calculus. The test is conducted by Indian test provider Mettl and is comprised of around 16 math questions. I got the 20 min OA and I was wondering what the questions were like and what should I study? I don’t remember exactly when I applied and they don’t send a confirmation email but I know it was over a a week until I got my OA on 3rd or 4th of August. it/144f6xm/ I've failed too many coding assessments to count, but with persistence things work out in the end. Just completed my take home test for SIG, which is the first step in the interview/hiring process. All SIG traders participate in extensive training to hone their quantitative ability by improving their decision making, game theory, and quantitative modeling skills. You switched accounts on another tab or window. On average I work 10. OTOH, FB and Amazon are known for having horrible WLB. . Work at a quant trading firm, and from what I have seen here, there has been a lot of advice that seems to be misguided. Found in investment banks, and commercial/retail banks. • 8 min. Interview. Areas would be covered: Markov Chains, Bayes rules, Porbability, Steps to go accross in Squares. other prop trading shops that hire out of undergrad. While I was still a student, I paid probably too much attention to the Reddit NG Firm tier lists but after working full-time as a QT for a while I don't think they're all too accurate. Received a fulltime quant dev offer with a minimum guaranteed first year comp of $330K. Bala Cynwyd (Philadelphia Area), Pennsylvania United States. 10 votes, 12 comments. Keywords. Option theory (this is for places like Optiver/Akuna, but always good to know. Hoping to make it to the next round. Our quantitative traders compete in the financial markets by leveraging their quantitative skills to take calculated risks with our proprietary capital. Most of them are classical questions and not very difficult, I solved all of them but was not passed. Mar 17, 2024 · I interviewed at Susquehanna International Group (SIG) (Sydney) in 2/1/2024. I just started a job at a bank and my total comp is $275k. I received full-time offers to both places for quant trading, and I'm struggling to choose. Got maybe 1 LC style question in Yes. Hi guys! In a few weeks, I have my final round interview for the quant trading role at SIG. Almost every firm starts either in July or August of this year for the cycle next year. More importantly however, the behavior of reddit leadership in implementing these changes has been reprehensible. Got hate for this last time, so I'll just repost without offering anything, since I'd like to help the sub. Firms I will be applying are perhaps Akuna, IMC I am looking for a Summer 2025 internship at quant (Jane Street, Rentech, IMC, 2sig, etc). e. One tries to make alpha directly. Quant Trading thread. The range is quite large - the minimum is 7 hours, the maximum is 13. I'd pick Sig Trader as it has much more compensation and internships/new grad Apply for Quantitative Trading + Strategy jobs at Susquehanna International Group, LLP. The term exists in qualitative research fields, so the label is there to contrast explicitly. I think I read somewhere that Jane Street summer interns were getting around 25k for 3 months (plus flights and accommodation paid assuming you have to travel), but that was a while back and was anecdotal. Happy to help. How long did it take for u to hear back? US SIG Intern Openings. Marble system makes comp one of the best and very transparent. SIG pay is so bad Company Question Granted this is in AUS so pay is a bit lower, but I saw for SWE's with a couple years of experience, pay is 120k USD (according to Levels). It took less than 2 weeks tho. Behavioural and technical - pretty standard prob questions, similar to the OA Quant Trading in a Nutshell : r/algotrading. Jane street, optiver, sig etc hire lots of people who try to use math and cleverness to make money. Sydney, Australia Quantitative Trading + Strategy. A quant researcher at a prop shop or fund can reach that but they also expect a phd. okay because I just did the practice question and it felt really easy! SIG phone interviews are easy. Finishing up my bachelors in CS (and math minor) this year and finished my job search for full time. As I come from a non-quantitative background, things are more challenging so I need more time to prepare. Unless you own a significant stake in a firm or are significantly overpaid its probably in your interest to share this to make the market more efficient. You signed out in another tab or window. This is a collection of things in rough order of importance. You are working for the people actually working in quant finance. From my experience trading on SabioTrade, flexibility and the freedom to pivot are key. The questions are pretty easy (2 leetcode easy I think) so no need to worry. For reference, I am a quant researcher at a systematic hedge fund. You are not working in quant finance if you are a software engineer at a quant finance firm (and you are not paid as if you work in quant finance, and there isn't as much stress as if you were working in quant finance). E. ve yj ue xt tu jg gz xn mx wo