Amazon, Go to company page If it’s a personal ranking, what factors influenced your placement choices? I'm pretty sure you are not in the prop scene right now.
or Want to Unlock by signing in with your social account? They have low turnover for a reason. His interest in financial markets, combined with the excitement and energy he experienced on the trading floor got him hooked on Optiver… If we consider also the ones of the last 2-3 years, I am probably closer to 60-70 applications and 5-6 interviews, but I did not record enough data to make a graph that includes past years. Well, this only refers to the applications I have submitted during this academic year. As a new user, you get over 200 WSO Credits free, Contribute to the database and get 1 month free* Full online access! Now, the firm is struggling, and management is awful. I disagree with this (judging by your 2 points i'm guessing you are an Optiver trader who just created an account). Go to company page Is this based on general reputation/perception or a personal ranking? right now, short of literally pounding on every single door (network, coffee chats, email, linkedin messages...) you can find, you most likely won't get into the recruiting pipeline for banking (might still be able to, but slim chances really). I am trying to automate Microsoft skydrive so i can make use of the folders. Optiver, None of those. You are never going to get wrong with both firms in the prop trading scene. 11 thoughts to get you started, Suck it up: 8 Steps to Getting through 100+ Hour Weeks as an IB Analyst, Podcast: E139: Everett Cook (Rho Business Banking) - 10/20, Financial Modeling Boot Camp -- New York City, 10/21-10/23, Podcast: E140: Rob Petrozzo (Rally Rd) - Investing in your passions - 11/3, Financial Modeling Boot Camp -- New York City, 11/17-11/19, Financial Modeling Boot Camp -- New York City, 12/02-12/04, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). Great firm though. Optiver vs DRW NYC for Summer Internship? I turned it down because I wanted the BB pedigree and network and did not want to live in Chicago. I kinda got a weird vibe from Optiver when I interviewed with them, I can’t speak for akuna or imc, but TC is pretty exponential at Optiver but like all trading roles, is highly subjective to performance.
Especially internationally. Optiver focuses mostly on option market making and a little bit of statistical arbitrage (dunno exactly about drw but I heard they handle various products). So get out earlier. Where is the one where you send out 300 applications and get no interviews? The Optiver guys absolutelly CRUSHED it in 08 and 09, which is understandable since any vol trader with half a brain did well during those years. While I know that growth is variable, how much can a median employee make at all these firms 3, 5, 7 years down the line?New grad offers at each are around 225-300k tc depending on competing offers/negotiationTC:0#quant #quanttrading #trading, Go to company page This means that the value of 30 for the applications refers to the whole left node (the long dark blue vertical bar), and not only to the upper flow that goes directly to rejections. Have any of you guys ever battled with any addictions? In this type of graphs captions refer to nodes (i.e.
Prospective Monkey in Investment Banking - Mergers and Acquisitions">, Intern in Investment Banking - Mergers and Acquisitions">, Getting an S&T Return Offer - A Survival Guide for Future Interns, 1st Year Analyst in Sales & Trading - Equities">. investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. what do you mean by quant trader, and can you elaborate on your preference? DRW is the better firm, from my point of view. i think the biggest downside however to considering a career in chicago is the NYSE opening at 7:30 am chicago time (or was it 8:30? Plan your career in the wide world of finance. Depends on what you want to trade. In reply to what do you mean by quant by EnergyTradingHopeful. Akuna Capital, How do you compare the trader/quant trader roles at these firms for new grad? AdRoll, Go to company page In reply to i think optiver hands down by Reinhard von L…, from what i've heard, Optiver has great perks in terms of office space and housing over the summer Honestly, the hardest part is done now.
Two Sigma, Go to company page See you on the other side! there's also the issue of prestige if you care at all, i think being in chicago is also a big deal, because if you're serious about prop trading, it might allow you to do more networking this summer. The guys I know who used to work there all left after their bonuses. It doesn't really seem appropriate to ask this, but the answer I've gotten was that it varies. I graduated last year from a semi-target uni with no internships, having a very difficult time securing anything... Are you also in Europe ? Drw more like a hedge fund where a few partners take all the cash. Making it through the application process to an internship offer is (IMO) the hardest step of the (typical) process from college to FT IB. Go with Optiver if you want equity derivatives; go with DRW for fixed income and commodities. Get instant access to lessons taught by experienced private equity pros and bulge bracket
Citadel Securities, Go to company page However, at the same time I am very happy to have worked hard for years and to have achieved my objective all by myself - great confidence boost and shows that hard work pays off. WSO depends on everyone being able to pitch in when they know something. Great firm and culture, lot of respect for what Donny Wilson built up. Honestly, the hardest part for me was seeing people with not very brilliant academic results and bad social skills getting offers at BBs thanks to friends or family while I was busting my ass off.