Working at jane street reddit Have read the interview process is quite tough/competitive. ) and Jane street looks like a very interesting option - solve complicated real world math problems using functional programming language :) Sounds like a dream job! I have two questions: However, Jane St can trade fully-hedged strategies in equity market through writing/redeeming ETFs. It is possible that top quant firms dislike mfe graduates and don't want to sponsor the students who are mainly from China, but the truth is closer to the fact that getting a job as a quant trader Know someone working at Jane Street: was top 40 on the Putnam. The latter is especially attractive for people with portable strategies that can work within a hedge fund/asset manager (usually low-mid frequency arbitrage and event strategies, HFT/market making doesn’t lend itself well to this). a smaller company like JS is able to leverage talent by playing to the strengths of their people in a way big tech cannot match. News articles, academic work, topics for debate--this is intended as a place to explore Islamic finance. versus at 2sig there is a defined career trajectory (get promoted to a after x years, b after y years, etc. A quick google would tell you that Jane Street loves OCaml. 300k base pay is for experienced hires. I say this as a former Google intern, and I have many friends who interned at JS. Takes some real intellectual hp and sustained dedication to gain the CS and math knowledge needed for quant job at Citadel, HRT, Jane Street Reply reply Automatic_Big2735 Tough question tbh, not sure how likely you can go to step soph given you already got freshman offer but rejected it, STEP is the more general choice since you’ll be doing more SWE work, but if you want to increase your chance at JS specifically, then JSIP is better, looking on LinkedIn the work you do at JSIP is still substantial but a previous JSIP fellow is now incoming at step. From the UK third year student now so first applied when 18. Hey! I would like to eventually work at a company like Jane Street or Two Sigma as a software engineer. , COO, Chief Risk Officer), buy-side PM at quant/systematic funds are common exits. Jane Street uses mostly functional programming with Ocaml. Most don’t ask that you have a lot of financial knowledge and they won’t quiz you on it, but they care a lot about your motivation (why them and why this area of interest), so here knowing some I did a BUNCH of dice game problems. Jane Street and Citadel will hire from plenty of universities (would probably need a top 10 uni at least for internships/new grad though) and companies if the work you did/the skills you've shown in your CV align with what they're looking for. In the meantime, if you'd like to learn a little bit more from Jane Streeters who work in a variety of roles, check out our series. idk whats wrong with my resume. im receiving coding challenges and call backs from hrt, jump, akuna but i really wanted to interview for jane street. I'm not a math/CS/quant/etc. u frequently see them sponsoring maths yt channels like standupmaths and 3b1b CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. 1k interviews, 165k employees) Stripe: 0. Because the pricing model for SPY/VOO is just the cost of the constituent stocks, and Jane St is allowed to issue more of the ETF ( unlike stocks, like options ). Now 21. I work in tech and I WFH so I drive a modest car (since I don’t drive much) and live out of a cheap 2-bedroom apartment 30 minutes from the city (since I don’t need to be close to the city). HRT is a SIG spin-off. While turnover happens, it is usually as a result of employees deciding it's time for a change / pursuing their own ideas rather than being 'churned' out. I had the chance to meet the engineers, traders, and bizdevs at the company, and I can definitely say that they are really humble, want to learn a lot, and generally really smart. They aren't the biggest but they have the "best people". why these interviews tend to be described as difficult I am completely aware that my chances of working for Jane Street are close to 0 (especially as they reject most people straightaway without giving them a chance by some kind of tests, let alone by an interview, which is kinda weird). This rating has decreased by 2% over the last 12 months. Work life balance is good, culture for dev interns is good (for trading interns several of my friends didn't enjoy the fact that trading interns are completely isolated from the full-time traders, this isn't the case for devs), but you'll be coding in Ocaml as that's all Jane Street uses How to get into jane street/hrt/fr etc I’m currently a sophomore who will be at one of either (datadog or amazon) over the winter and one of either (optiver, imc, or dwr) over the summer. You'd probably be doing enterprise development for them, which is much less prestigious than front-office exposure. Got rejected. the first three points, jane street is all great at. Quite frankly I'm really pleased, but I've heard the interviews are brutal. Everyone in the finance/Wall Street knows about them. highest guaranteed 1st year JS offer for a new grad i've seen was 900k in 2021 (expect lower for 2022+), which included sign on. More practical towards quant / trading imo. but the sort of increased opportunities after 5 years isn't really that clear; i guess i'll have to carve out my own path by showing what I'm good at which I don't know is what yet. I mean pretty much every firm is a spin off of older firms. Also, went front to back on greenbook, heard on the street, and then grinded HMMT and AMC probability questions. expected bonus should be somewhere in the ball park of base pay for new grad. that is why jane street will take anyone who can solve REALLY tough maths problems. Being versed in the hedge fund space should be helpful. Take the number of available spots, divide it by the success rate after initial phone interviews, divide it again by the number of (serious) applicants. Jane street. I've gone through former Jane Street questions (e. Jane Street is unheard of wlb in the fintech space; I'd 100% recommend working there if you prioritize wlb heavily but you still want very high tc (afaik our tc is the best available to the average developer rn). Jane Street will absolutely not ever invite you back if you show yourself to be so far out of your depth that they have no idea how you even got the interview. My friend at Jane Street told me that what people will do is that they will intern at Jane Street after they graduate and already have a full-time job and this tends to be the better way of working your way into the company if you are roughly 1-3 years out of college. But if you’re into that go for it. We would like to show you a description here but the site won’t allow us. 0, and some cool but not huge projects. It's also impossible to know those numbers unless you work in HR at Jane Street. It’s like working anywhere else if the work load overcomes you then you’ll either make it up or eventually get let go. My dream city is New York City, so for my junior year internship I really want to work at one of the nyc trading firms (js, fr, hrt etc). Do you want to work in quant, or straight software dev? If no, then assume that any SWE you'd get at Jane Street isn't going to be the flashy Quant Developer position. I'm an incoming CS (+math hopefully) freshman at a T-100 US university. Akuna is an Optiver spin-off. Jul 29, 2024 · I have an upcoming final round interview for a SWE full time role at Jane Street. It’s pretty competitive though. 14 (349 interviews, 2492 employees) Citadel 0. If an average developer were hired at jane street, would he/she also only "need" to work 9-6? This isn't true, especially if you have industry experience. Jane Street is the best of the three in terms of reputation. It's not a prerequisite to work there, but if you'd actually looked, you'd know that already. 11 (324 interviews, 2835 employees) Does anyone have a potentially reasonable explanation for this? But you have to admit that Quantitative Traders need to be naturally intelligent becuase the job requires that. Be professional and sharp. We saw this when trading firm intern offers topped off at 96/hr in 2022, but Optiver raised to 112/hr in 2023. Oct 29, 2015 · I just had a first round interview with Jane Street for a research intern position, and I needed interviewer prompting/help on every single question to get the right answer. I want to start from an early age as to how I can boost my resume, strengthen it, and make me appealing to such companies. Jane Street: 1. new grads are usually in the 200-250k range. However, I am a freshman in college right now and am currently learning on to code. aim the crypto space, Wintermute is an Optiver spin-off and Alameda is a Jane street spin-off. major (just finance), but passed the pre-tests just off the mental math and stuff. Any research. Don’t work there but have some understanding of their work. They are super quick in terms of responding, usually around 24 hours. ) and opportunities will just come naturally with that It's been a year for me in State Street. I applied to Jane street about a month ago, have gone through 3 phone interviews, and am invited to the on-site interview stage. It can be seen a mile away if someone knows wtf they're talking about or is lying through their teeth. And i know guys from my uni who worked for HRT and some guy from our uni has worked for jane street as well. 7k interviews, 43,798 employees) Microsoft: 0. I’ve seen them hire quite a few Ivy League math For SWE, Jane Street has a bit better reputation in terms of engineering quality. Jane Street and similar companies don't hand those positions out unless you are extremely qualified. For other fintech companies, it depends. , Haskell, OCaml, lisp, etc. If you’re smart enough to land offers at wherever you end up clearly they think you’ll be fine. Any advice is appreciated!! they can leverage talent in a way that big tech cannot. Does Jane Street have faster connectivity to other venues with similar products, and so they can aggressively take against makers knowing that the market is already higher or lower elsewhere. The people featured in these videos jumped at the chance to tell you firsthand what makes Jane Street a rewarding place to work. Question was to return indices of a string that appeared exactly once in two given lists. Fair. I'm intrigued by the fact that they primarily use OCaml for the sake of code clarity and from what I know the culture seems pretty good. The only real difference is you’re more constrained to working around market hours. less focus on pure runtime and more or style. However, if you simply don't make the cut or if you mess up the interview(s) but are still a competent person and potential future candidate, they'll mark you down and you're actually a I think you can work at top fintechs even if you aren’t from top 10. unlike popular belief jane street is not a n hft. g. I am barely curious about which company is regarded as the best by people in the industry. My “unbiased,” uneducated take on prestige for JS and HRT as a total outsider to HFT is that I perceive JS as being more “prestigious” partially because it seems to have a bit more nepotism involved and hires more from a set of expensive private universities (with Waterloo as an outlier as it’s public), while HRT seems significantly less nepotistic and less school-selective Working at a Jane street as an engineer means you can likely work at any top tech company you want. Feel free to ask more :) EDIT: This is general advise not related to any given company. Almost nothing about this online but I know someone who got an offer from JaneStreet and some others after doing a preparation course for a trading Interview at Wall Street. This subreddit is for all those interested in working for the United States federal government. I am 32 years old and might want to relocate to New York for personal reasons. Is it really heavy on mental arithmetics? What else should I go over? Many thanks in advance! I had an interview there once, for the same internship. I fell in love with functional programming (e. Idk I might be overthinking it. I know they have more coverage for certain "assets" like Bitcoin, since they are an Authorized Participant on all BTC spot etfs in the USA. Optiver is known for a better culture and work life balance. 2k interviews, 656 employees) Facebook: 0. Also the fact that Jane Street only has around a 1000 employees doesn't need much explaining to understand why very little people get to work there. Do your research. Know the difference between two sigma, citadel, de Shaw and Jane street. Bloomberg more media / product focused. Also, do some research. as a result they are willing to pay big bucks for top talent because they know I wonder how much of this is because the wlb is good and how much of it is because the hiring bar is super high so everyone working there is highly intelligent and efficient. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. they are far better engineering wise than facebook/google. on glassdoor) and I could solve pretty much all of them instantly. and their only requirments is for you to be insanely good at maths. Though you may get some tough leetcode questions, what they're mainly gonna look at is your ability to talk through a problem, explain your thoughts, and see that you ask questions regarding certain assumptions for The point of a blog post like this is to give information to people who have already answered for themselves the whys of wanting to interview at Jane Street. 89% of employees would recommend working at Jane Street to a friend and 76% have a positive outlook for the business. part of this is because of the functional aspect of ocaml which makes mutable data structures moot. Now this might seem pathetic but the Jane street onsite was the first interview I ever had in my life. I am currently interview for Jane Street as a SWE Intern for Summer 2023. He did it online at Udemy, Google ‘Mastering Wall Street Trading Interviews’. Is there anyone with some previous experience who would be willing to give any advice? Any help would be appreciated. Either way both insanely good on the resume. Most people working in Jane Street / Optiver are either Olympiad medalists or brilliant IIT graduatesI mean, hardwork will give you a good paying job, but 500k+ salary at these sectors requires you to be smarter than the smart guys I'm at a target, applied sophomore year with good experience, 4. Reviews from Jane Street Capital employees about Jane Street Capital culture, salaries, benefits, work-life balance, management, job security, and more. sign on depends how much they want you. That being said, JS has one of the longest and most difficult interview processes - you might have 2-3 more technical screens before an on-site. It is a good organization. Don’t take this interview lightly. I do also know, however, that it's notoriously hard to get into. We look forward to connecting with you again! Once hired, people very rarely leave Jane Street-- I've met several employees who were hired straight out of college, and have stayed at the firm for over 20 firms (and are still there to date). Citadel is a brutal place where they fire people for fun. Not really. Jane Street has an overall rating of 4. 83 (1. my smart ass usamo/usaco/usapho science fair finalist shit friends complain that they don’t do any meaningful work in big tech. The money is very good though and if you survive you can make serious money. Since the application process itself is often nothing short of herculean and time-consuming to boot, this place is meant to serve as a talking ground to answer questions, better improve applications, and increase one's chance of being 'Referred'. as people form top iits generally fall in that criteria that is why they only go there. 05 (9. Ie zero-risk options market making. Citadel quickly followed with 120/hr and Jane Street called up interns to raise their offer to 120/hr Work that is expected of you: if a trading firm offered the same salary as a tech firm, nobody would join the trading firm. My dream company to work for is Jane Street Capital in the New York office. The grads also tend to be nearly exclusively from high ranking schools, the most common being Carnegie Mellon. I don't work at Jane Street, but I feel like the chances of someone on this thread working there and seeing this post are low so I'll give general interview advice. jane street is one of about one companies in the world that takes functional programming seriously and two sigma has a netbsd developer pretty high up. hm they changed the name to trading desk ops engineering for more appeal, it’s rly just trading desk ops. 4 out of 5, based on over 613 reviews left anonymously by employees. Got the "keep us in mind for next year" or whatever rejection but they actually do mean it; I did Faang that summer instead, they reached out my junior year and I got a phone screen. Know someone else who got an offer from Jane Street: head TA for functional programming / does PL CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Jane street is a SIG spin-off. I would ideally like to be a SWE at a firm like JS, Citadel, HRT, Akuna, etc. The reason that it took me a month to reach the final stage was I was travelling around Europe during this time. it is heavily operational but the pay is good but you’re the least paid on the trading floor so idk if you’re okay with being seen as the person that couldn’t be a swe but some tdos have turned into swe some have no coding background at all coming in. They all acknowledged that you work extra hours typically, but learn a lot and have time to do things outside of work. First of all, don't try and bullshit your way through an interview. That's roughly how easy/hard it is. After that, I studied some game theory and focused specifically on open-ended games bc Jane Street loves those for later phone rounds and somewhat for the onsite as well. My school i like top 4 in Canada for CS. that are known for quant. Jane Street does tend to cut a lot of people before the interview, so getting one is a good sign. I got called for phone interview, and now progress to the final round? They ask me for an entire free day, and I was wondering what to expect from the interview. kinda want to resend my reaume with a different email in case i got auto filtered Seconding Jane street. this candidate had a competing offer from citadel HF. But for quant trading, Jane Street is top tier. For Jane Street, I think, there are still just Leetcode problems (at least in the first rounds, for swe). If I had the choice it's JS. yminsky already does a good job of describing what Jane Street does, and it's not boring work: high-performance, real-time trading with exacting requirements for correctness. I work in custody operations mainly on trade settlements you can gain more knowledge on the operations part of the IB and asset administration, Safekeeping, and and custodian banking. Genuinely want JS for the "right reasons" I liked my time in their office ,liked my interviewers and questions asked, think I would enjoy the work. The issue is that these firms become harder and harder to start. 13 (5. i don't Trading desk head, partner-level/C-suite roles (e. Solved it brute force with tiny amount of guidance but couldn’t think of best solution (I realized what it was once they started explaining) and I also did not study big o enough so stumbled a lot when asked about it. Jane Street has a harder interviewing process though. Yeah but either I got a return offer in which case they suspect I’m using them for negotiating leverage, or I didn’t get a return offer which is a bit of a red flag (not sure how hard it is to get a return offer from Jane Street, but still it’s a sign that I didn’t perform well enough to impress them). Jane street looks for very fast coding + extremely clean code. xwdey ygmwbdjc kppq iwp ydrspg bix oqspbe oogd qwzkc exdsmg