Quant software engineer reddit

I'm very interested in the world of finance, I have a background in physics and CS (obviously) and I understand CS algorithms very well. For people 3-5 years out, the compensation range is quite wide with total comp going from 250k-500k+. Highly proficient in either C++, GO or Rust. Data Science vs. Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. Great Software Engineers can easily surpass 150k and even approach 200k in their late thirties, some found own businesses and go well above these If you want to express your strong disagreement with the API pricing change or with Reddit's response to the backlash, you may want to consider the following options: Limiting your involvement with Reddit, or Temporarily refraining from using Reddit Cancelling your subscription of Reddit Premium as a way to voice your protest. lifestyle, interest of technical work, culture. I'm 43. The interview question types are largely the same: LeetCode. 44K subscribers in the quant community. Once my year was up (I guess recruiters wait for you to work a year), I got requests for quant type positions at a few places (Citadel, DE Shaw, a few smaller firms). As an experienced engineer, you will have opportunities to mentor less experienced engineers even as you rub shoulders with other senior engineers in our…. IMC, Two Sigma, and some other places have a lot of Java as well as C++. 2. Eh I doubt AI/ML will be as impactful as the community expects. most funds are If finance does interest you and you have some math then can get into quantitative research but the pay is not going to be higher than what you'll get as a FAANG software engineer. Also, I think software engineer will be mainly taken over by machine learning and AI. Don't bother with financial engineering or cs degrees. The high paying jobs are very competitive and this is especially true for remote jobs. Modern quantitative finance interviews—researcher or developer—require significant preparation due to the level of technicality, as well as domain expertise involved. Would involve a a lot of C++/Java. Software Engineering Vs Quant . Software Engineer -> Quant Trader. It’s definitely not an unreasonable background for a software development position at a trading or finance firm however. We all know that Software Engineering is a very very lucrative field in the US. From $129,300 a year. Requirements: Background within HFT. there's basically two main types afaik: sell-side quant: these guys use math models to price instruments, calculate risk, forecast, etc. Quant traders at least do some quant work cause they are calculating expected values when they implement trades, and do basic mental math. They even say so explicitly: We don’t ask software engineers to do mental math, or math olympiad questions, or to contemplate logic puzzles I am starting my degree in software engineering in 2023 (a 3-year program), and I have become increasingly interested in the role of a quantitative developer. olympiad etc. . 36 votes, 35 comments. For experienced developers. reReddit: Top posts of May 2018. I graduated from a top state university with a degree in economics, worked in a financial research gig for about 2. Scientific Computing/simulations - Lots of Math there, especially numerical analysis. To make such leap, you’d have to be good. These processes work very well in cases where the cost of being wrong is very low. He is a 30 year software engineering vet (currently a Principal Engineer) and has worked on a wide range of projects, probably top 1-2% software engineering / computer science talent and elite at C++, but has never worked in the finance space. Dev ops at a trading firm could be interesting for you. Quants are mostly short term traders. It will be in the same ballpark to start with -but the salary levels at FAANG are well defined, salary progression at a bank is murky and heavily linked to your I'm working with a team of data analysts and software engineers who are a lot more senior then me, and starting out knew nothing about finance. 106 votes, 41 comments. Reume-Quant/Software Engineering. A quick synopsis of my career so far. Waise agar bhut hi chull hai HFT me kaam krne ki to ek treeka hai. Lead C++ Quant Developer. (average university, grade: excellent) Applied Mathematics Msc. They will recruit mostly through top schools. No real quant work going on there. Math major in Stanford, Yale, Harvard, MIT, Princeton, etc. It's harder to quantify you math ability on side projects or something which is why academics matter more. My interview questions did include multithreaded programming, stuff about CPU cache, and low I know most quant and software engineering positions typically ask for proficiency in both a scripting language like python and a lower level language for actual deployment like c++ and java. People in finance get jobs through name recognition and networking. Career Advice. but, similarly high performers at goog/fb can hit There is good opportunities for software engineers, we have some top tier tech companies in finance and stuff like Canva. if you have a decent math background you can probably get interviews for those roles as well. SWEs don't get asked math questions. trader/quant vs software engineer intern i have been looking at posts and it seems like the trader internship intervie at for example jane street are all math/stats based and they take people who do a lot of competitive maths e. Did a ton of math competitions (4x AIME qualifier). I’d say you’re probably a way of being qualified for the latter, there tends to be more of a focus on the finance/quant side than the dev side. will get your foot in the door since most of their quant researchers are hired there or were already in the industry. The responsibilities of that role are similar to that of an Investment Associate's, but with coding (implementing trade/investment logic, not building the back end or doing anything back-office SWEs do). Many people give up while learning. 400k TC. It should be emphasised that it is no longer possible to 'walk into' a quant role from academia or engineering. Although it’s still pretty far from quant. I wanna do a degree in Computer science or maths and computer science (joint degree, but haven't decided yet). are mathematicians not finance/business guys. (Almost all CS or math backgrounds. Anyone can get into a FAANG with prep, less so for quant finance IMO (although variance might be high). ) I'm the same as well, however I know very little about economics or finance, except at a basic level, but I've become fascinated with quants and hft, to the point Jan 22, 2016 · As to the Quant developer vs Software engineer question - the boundary is very vague, given the fact that guys with an MS in fin math or pure math or stat or comp science working comfortably on both sides of the boundary. I have recently been dabbling in c++, but I know it will take time to get it down packed and was considering applying for a masters in CS to make up for Software Development Engineer, EC2 Capacity Data Intelligence and Platform Team (CDIP) Amazon Web Services, Inc. You'll use more applied math than the average software engineer, but it is nothing crazy. How stressful are these analyst/quant jobs for software engineers? [read body] General. It combines skill, challenges, medium working hours that can be adjusted to own need and ambition and a great salary. I'm a Software Engineer at a large tech company based out of Seattle, WA. Depends on where you’d be working (Trading/Risk/something else) but broadly, you’d be responsible for implementing quant models and ensuring they are efficient and fast. Background: 36 yr old. Entrepreneurial mindset. This is the only thing I think could get you a Quant role at HFT. During the days of heavy speculative derivatives, only PhDs with Matlab/R/VBA expertise used to consume the space on the QR The annual total compensation for a quantitative developer can range from $100,000 to $200,000 depending on the years of experience, company, and particular role. g. Around 140k is salary, and the rest is signing bonus/yearly bonus. You should absolutely put "received return offer" on your resume next to the citadel securities line - it's one of the first things any firm you Interview Practice. Two Sigma, Jane Street, Citadel) vs software engineering at a tech company (e. I have been set on working on software engineering, and more recently have become interested in computational finance, but am open to similar roles e. According to my acquaintances, anyway. You can go from Two Sigma to Google, but not the other way around as easily. ago. Every company will need quantitative analyst in the next years, but not every company will need software engineer. The interview process tends to be a little different for a quant than for a software engineer - more focused on stats/stocastics than on algorithms. I’m a junior software engineer in a quant fund. Find more on echojobs. I am interviewing for that role, currently have 4 yoe as a software engineer in I will note that although the intern salaries/starting FT salaries may be similar, there is a significantly higher salary "cap" in finance relative to cs. D. Quant covers a spectrum from almost pure software development to being a pm managing a fund. There's a popular saying in BLIND and such apps, and even amongst my friends in US. Buy-side, sell-side. Hello! I recently passed the 80in8 and NumberLogic test by optiver (even though I totally flunked the 2nd one where I got only 50% of the Qs). Wondering if anyone could give their experiences on either venture Hi, r/quant community. The interview was almost exactly like my Google interview. The #1 social media platform for MCAT advice. New York tends to be a great place to start your career The financial world is much different. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. In the employer’s view If you work in a C/C++ shop or work exclusively in C/C++, quant companies will actively try to recruit you. I also know basic C++ and Python but I haven't used them a ton. They value the technical knowledge and will like that you went to school for finance. ) and a return offer from citadel (even in SE) would be enough alone to get you an interview for quant trader at my firm. Btw some quant developers role are basically data engineering while some companies have specific DE. Hey all, I'm a software engineer in another field, but I wanted to ask if there are any Quant software engineer in this subreddit that are willing to answer a few questions I have? comment sorted by Best Top New Controversial Q&A Add a Comment Optiver trader/Quant researcher 2nd round interview. Need a piece of advice preferably from I've interviewed and received offers at a few HFT/quant hedge funds and that wasn't my experience at all. You could also take a regular finance job and just automate as much you can given your skills. This is the first in a three-part series that will discuss how to form a self-study plan to gain a job in the quantitative finance industry. Software engineer jobs in San Francisco, CA area. e. The stability of the job is generally considered to be good, as there is an endless demand for talented engineers in finance. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. The position is basically a software engineering position. A subreddit for the quantitative finance: discussions, resources and research. Companies don't devote the resources to bring internal software to the same level of quality as the other tools software engineers use. What are people's thoughts on quantitative/software development at a trading firm/hedge fund (e. Software Development Engineer, EC2 Capacity Data Intelligence and Platform Team (CDIP) Amazon Web Services, Inc. Do you have recommendations on resources for software engineers specifically on trading systems development? Just to play devil's advocate, software engineers can be pretty demanding customers. £300k-£400k+ total comp package. Members Online Ima principle developer who has interviewed 50+ candidates for my company this year - my thoughts. This post will discuss how to self-study to become a quantitative developer. like the usual suspects: 2sig, janestreet, etc. Before my current job, I used to work on banking/finance software for a few years. Preparation for interviews is key. Seattle, WA. The pay in tech division in a bank is much worse. There are a bunch of classic interview prep books you'll want to check out (at least the tables of contents to get an idea). Okay, the pro is my life horizon will be greatly expanded, where I could network with different types of either tech or non-tech elite or excellent ppl. Members Online Any 2022 grads having a hard time finding a job? Quants have to have a more solid knowledge of mathematics and/or data science, and don't concern themselves as much with, say, software engineering practices as the software devs do. I sit on the more traditional side of quant finance, where I can tell you that AI/ML will never touch the money. I was wondering if anyone here actually works as a software engineer in these firms (as opposed to quant) and can comment on the general career/compensation progression - thanks! Any information about hours and attrition would be appreciated as well (for context I'd likely be in a non C++ position). FAANG+ is more like $300K to $170K for new grads (first year TC). The quant job has coding, but you're using it as a tool for data analysis etc vs creating software. While you do your stats and math focused undergrad, get very very good at c++ and Python. Software Engineer -> Quant. I believe it will be most helpful to engineer features. You're better off applying for quant analyst interviews across the industry - prep your stats Thanks! From my experience, BW tends to pay devs lower than citadel or HRT. Reddit . Post every hour. . Bonus points if it's not c++ or Java. Quant projects can very widely, from essentially software engineering in the finance domain, to conducting applied mathematical research. 🏢 Company: Quant 📍 Location: Riyadh, Saudi Arabia 💸 Tax Status: 0% Income-Tax! 🇬🇧 English Speakers welcome! 👉 Apply & More Details… Have any software engineers here made the move from a FAANG to a quant/systematic trading firm? These are some of the only companies** that can significantly top FAANG comp for an individual contributor ($750k+). I just completed a year in a company well known for their C/C++ prowess. There's also the classic Options, Futures, and other Derivatives by John Hull which will be useful. ) I'm the same as well, however I know very little about economics or finance, except at a basic level, but I've become fascinated with quants and hft, to the point There will also be design/algorithmic thinking concepts. It's not an easy field to get into. On call. Quant researchers are real quants. This is all stuff I've done at work: Build a simple FIX Engine in the language of your choice. I am interviewing for that role, currently have 4 yoe as a software engineer in Furthermore the main maths necessary in quant is probability, stats and stochastic processes. I constantly come across students from tier 1 universities join companies like Tower Research, Optiver, DE Shaw, JPMC, etc. usually working for investment banks. A lot of the time it's a feel-good word that makes normal things sound impressive. It's not about the hardware in your rig, but the software in your heart! Join us in celebrating and promoting tech, knowledge, and the best gaming, study, and work platform there exists. New here, so apologies if this has been asked before. Black, Scholes, Merton, Simons, etc. As such, I have a few questions for current developers about their day-to-day job, as well as questions in relation to the preparation they did to land the role they are in now. Crypto Trading Arm - HFT. Frankly, the finance part of finance (especially for quants) is absolute child's play compared to the tech. TC at Quant companies also grows more rapidly (some people making $1M+ after 4-5 years). For reference, my firm's new grad package is around 220k-250k. My current job is good, but no career prospects in the Work in tech for a bit and then get an associate role at a VC firm. Interviews tend to be more geared towards specific skill sets rather than the typical Leetcode regurgitation. true. Remote from Europe. This is a very simplified description btw. io Get a bachelor's in stats and intern at quant shops every year and collect offers and network contacts. Dive deep into finance industry, and try to become quant. Even amongst these two ML Engineer wont be too relevant since each quant team has a dedicated tech team to do this work. Preference : Master or more in Math, Statistics, Econometrics, Finance, (edge profile) MBA, (edge profile) Operational research, (edge profile) Engineering There are quant devs, which is what your referring to, but they are just software engineers who build the trading infra. Me - software engineer at FAANG, 4+ YOEs, top undergrad. data analyst/scientist. Sometimes there's no qualification and you have to read the description. Here's some ideas that go from software engineering to math. You'll want to crosspost this to r/quant and go find quant specific forums to ask. Job descriptions for quant developers include developing and maintaining programing libraries, creating numerical library components, performance I work as a quant trader at a tier 1 firm (JS, cit sec, imc, optiver, hrt, etc. Banks are often not renowned for consistent standards of development anyway, as each team often works on different codebases and platforms. one thing to consider though ----- those coveted quant/hft comp numbers are given only to super high performers. Award. These are all classes taught in EE with the option of taking even more advanced classes in the later years. Go to quant r/quant • by cppdoggo. 9. Venture Capital / Software Engineering / Quantitive finance? (Need career advice) Hi yall! As I approach my last year at Stanford, I would like to get some insight on whether I should pursue a career in venture capital, SWE, or HFT (High-frequency trading). The requirement is often a master degree with quantitative work experience in model development, or Ph. Hi people, I am currently working as a software engineer in FAANG, and am contemplating moving to the quant research careers in the trading industry via a Masters in Financial Engineering / Computational Finance. Imperial also has a ‘signal processing for finance’ module where you can learn industry specific knowledge. And you need someone to do etl and chasing vendors when they don't come in timely. 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. There are a lot of old guys that know the finance. Breaking into Quantitative Finance. AskEngineers is a forum for questions about the technologies, standards, and processes used to design & build these systems, as well as for questions about the engineering profession and its many disciplines. If your question is who’d be best suited for a quant research role then it’s data analyst and ML Engineer. My interview questions did include multithreaded programming, stuff about CPU cache, and low There will also be design/algorithmic thinking concepts. (graduated last year, did it besides work, average university, grade: excellent) Spent 15 years in various sectors as a software engineer. Subreddit for discussing careers in computer science, software engineering, and related fields, specifically pertaining to those of us in the UK. A masters is also highly favourable. You'll want to get some leetcode in as I'd like to transition from being a Software Engineer to either a Quantitative Trader or Quantitative Developer. Quant Finance- You can be a quant developer, lots of math there. Quantitative seemed like a interesting and exciting area to jump into, and I think a quant position would be a lot of fun. That being said, if you can get in and work at the right company, it's a good field to be in. reReddit: Top posts of May 30, 2018. C++ knowledge is not the absolute highest priority. Computer Science Bsc. The competition can also be fierce, especially for entry level jobs. Especially when your product sucks, and 95% of in house infrastructure/software products suck. in quantitative field that relate to finance and business. They may also use mathematical and statistical software packages such as MATLAB, R, or SAS. Senior software engineers might top out at 300k if you're really good, while quants are able to make it to that point much faster and may make into the 500k range if you're good. TC at FAANG+ can get to around $500K in 4-5 years if you're at the right companies with quick promos. Trading. BSc, Msc, PhD in a quantitative discipline. That being said, are there others out I'm working with a team of data analysts and software engineers who are a lot more senior then me, and starting out knew nothing about finance. Any career in quantitative finance requires a Want to be a quant software engineer : r/askSingapore. However, you can still make it if you want to. Software Engineers . The other two will concentrate on quantitative analysts and quantitative traders. A quant firm would ‘need’ all such roles. Get into some IVY League. I recently found out I'm actually quite resourceful with programming languages like python and powershell and want to be a quant software engineer as I have a background with losing money trading forex and winning money day trading stocks and Quant developers are skilled programmers, with proficiency in languages like Python, C, C++, C#, and Java. Full-time. Google, Facebook, Airbnb, Uber)? Specifically, what are the pros and cons in terms of: Professional development and career growth Learning opportunities 345 subscribers in the SFtechJobs community. Any posts or comments that are made by inexperienced individuals (outside of the weekly Ask thread) should be reported. Moving into a Trader or a Quant role after 15 yrs spent as a software engineer. Quant requires tons of data for automated/systematic trading. This community should be specialized subreddit facilitating discussion amongst individuals who have gained some ground in the software engineering world. The math, CS, stats, and soft skills are way more important. Hello, as per the title, I am an Aspiring Quantitative Developer but Quant requires tons of data for automated/systematic trading. Hey all, I’m looking for some advice on working in Quant or Software Engineering for Finance/ Hedge Funds. It is also expected that quant developers are somewhat financial maths savvy or at least understand the problems being solved. I just found out about "quants" and like the idea. But I think some hedge fund do recruit quants from even tier 2, JP Morgan had recruited around 2-3 guys from my college for quant role but salary is no where near quant at HFT. If you enjoy technology applied to real life problems without the hustle of getting funding like in academia you will find a job within the quant space that you will enjoy. PhD in Mathematics. I know someone who is trying to break into the financial industry as a C++ Quant Developer. Usually something like trading systems, algorithm developer, quantitative developer under the title of software engineer. capitalize “calculus”), but honestly anyone screening your resume for quant roles would probably realize you’re cracked by the time they’re done with the awards section and stop scanning there 😅 Pay is similar, the biggest difference is that the quant position is at a well-known bank, so has a recognizable name, whereas the SWE position is more directly relevant to SWE if I want to apply to FAANG etc in the future. There is good opportunities for software engineers, we have some top tier tech companies in finance and stuff like Canva. On average I’d say too quant finance are typically harder and longer interviews, and they look for more specific things. it's kinda hard to get a job in quant field now don't even mention specifically DE. When is the latest you can Probably wording (e. Want to be a quant software engineer. Problem is no one wants a grad so you might have to kick shit before moving across to an engineering role. That's just for quant developer/analyst roles. Also even for a tech role, I always would like to step Originally I was a computer engineering major and switched to Comp Sci where i focused more on webdev stuff (JavaScript, html/css, React, Java with Springboot, PostgreSQL etc). buy-side quant: dudes who use math models to Jan 28, 2024 · If you want the highest chances to get a quant job, make sure to take a STEM university degree: Maths, Physics, Engineering are best. reddit_user_10 • 5 yr. New York tends to be a great place to start your career Because all the 3 are different roles and require different skill sets. Yeah, there's everything from the range of pure high performance programming to assisting in high performance algorithms to algorithm develpment itself. reReddit: Top posts of 2018 44K subscribers in the quant community. Please help me by comparing the two lines, I need a few data points. 1. I worked on compliance software and mortgage valuation. software engineer - is it worth preparing CFA exams. I am a software engineer with extensive experience (10+ years and a good career in the field). most funds are As a computer science major, this path is sort of more clear and feasible. View community ranking In the Top 5% of largest communities on Reddit. Expert-Complex43. I recently finished my PhD in math (pure math), but was looking to make the move into industry. Your first job may not be at Jane street, but you can aim for less prestigious hedge funds/prop trading firms. The annual total compensation for a quantitative developer can range from $100,000 to $200,000 depending on the years of experience, company, and particular role. Trading roles are even harder to get into. quant is an umbrella term that basically just means dude who knows math and works in finance. If you need to do so some high-quality compression/codec work for an app - Lots of coding theory over there I guess. I now have to give the Zap N and Zap Q test. Crypto - If you like number theory. View community ranking In the Top 1% of largest communities on Reddit. "Quantitative" is thrown around a lot in finance, and can mean many different things. 5 years, then pivoted to Comp Sci. Reply. I'm curious to hear how they compete on the other axes, i. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Although there is no question about the quality of packages they offer, but how stressful are these jobs? 1. And in all honesty, the pure the only financial jobs that rival or (possibly, depending heavily on performance) surpass fb/googs will be at quant or hft places. It seems like the standard thing for a SWE in quant finance is to be really good at low latency/high performance C++ systems. I would have tried for quant in undergrad, but just never knew about it! My brain is much more suited to this kind of problem-solving than software Many quant developer were just software engineers in IT teams or in a non-financial team before working in the quant team. Most firms have a pretty wide gap between software dev and a quant dev. The Personal Computer. xp sg vy ex sy ag xh lu ub sa