Had an insightful conversation with Rakesh about exploring the world of QUANTS. Grateful for his perspective and looking forward to a follow-up session soon!
Hi everyone, I'm here to help those aspiring to build a career in quantitative finance. With my experience leading teams and delivering solutions on front-office trading floors at firms like Citi and Morgan Stanley, I've gained a strong understanding of what top-tier systematic trading teams look for in their quant developers and researchers. I want to share my insights on how you can position yourself to work alongside leading financial professionals, contribute to cutting-edge quantitative strategies—focused on alpha generation and trading on new market signals—and succeed in these highly specialized roles.
Excerpt from a quant job advice pdf which I can share with you when you DM me:
"So, which are the very profitable hedge funds and prop trading firms that will hire at least a dozen quants every year? Note that the distinction is sometimes blurry because some prop trading firms are managing outside capital, and some hedge funds are investing or have opened prop trading divisions. A non-exhaustive list, with no pretense of being exhaustive:
● Balyasny
● Citadel
● Citadel Securities
● CTC
● DEShaw
● DRW
● Element
● Exodus Point
● FlowTraders
● Headlands
● Hudson River Trading
● Jane Street
● JumpTrading
● Millennium/WorldQuant
● Optiver
● PDT
● Point72/Cubist
● Renaissance Technologies
● Susquehanna (SIG)
● Schonfeld
● Squarepoint4
● Tower
● XTX
● TwoSigma
● Virtu
● Voleon
● Verition
And then there are many smaller firms that you may want to
consider: Walleye, Radix, Five Rings, Old Mission, Maven, etc. it's a very long, thin tail. I would guess that the total number of investment professionals here is 15,000. So, maybe 7,000 quants? And a demand of 700 quants a year? That includes everyone, from alpha research, to portfolio construction, to data analysis, to execution, to risk management."