What the interns have wrought, 2020 edition
blog.janestreet.com
What the interns have wrought, 2020 edition
1–10 of 219 posts
Re: What the interns have wrought, 2020 edition
#2Damn. You gots some sharp interns.
Good show!
Re: What the interns have wrought, 2020 edition
#3Let me know if I'm wrong, but it seems like Jane Street is going contrary to the HN common belief that a lot of things should be "buy" instead of "build" and yet they are quite successful
Re: What the interns have wrought, 2020 edition
#4For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth.
It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years).
They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
Re: What the interns have wrought, 2020 edition
#5Bravo for not only having internships that matter, but highlighting them as well.
Re: What the interns have wrought, 2020 edition
#6Let me know if I'm wrong, but it seems like Jane Street is going contrary to the HN common belief that a lot of things should be "buy" instead of "build" and yet they are quite successful
The particularly niche they operate in means that "buy" isn't really an option for them, the stuff they'd be buying hasn't been commoditised yet (and arguably much of it couldn't be since in doing so any advantage it gave you would be immediately diluted).
It's a case of an ellipse peg in an elliptic hole.
Re: What the interns have wrought, 2020 edition
#7Let me know if I'm wrong, but it seems like Jane Street is going contrary to the HN common belief that a lot of things should be "buy" instead of "build" and yet they are quite successful
Yep, and they use OCaml! I always feel like I have to point it out since people do not think much of it, have lots of misconceptions of it, and so on.
Re: What the interns have wrought, 2020 edition
#8For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth. It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years). They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
> Engineers there routinely make well over $1mm/year.
Do you have a source for such claim ? data from h1b salary [1] tells that senior software make 200k base, and here [2] they explain that the average salary is 440k
[1] https://h1bdata.info/index.php?em=JANE%20STREET&job=
[2] https://news.efinancialcareers.com/fr-en/307393/jane-street-...
Re: What the interns have wrought, 2020 edition
#9For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth. It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years). They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
> Engineers there routinely make well over $1mm/year. Do you have a source for such claim ? data from h1b salary [1] tells that senior software make 200k base, and here [2] they explain that the average salary is 440k [1] https://h1bdata.info/index.php?em=JANE%20STREET&job= [2] https://news.efinancialcareers.com/fr-en/307393/jane-street-...
Wall Street jobs are very very performance bonus driven.
Not unusual for bonuses to be 5x or more salary in a good year.
Re: What the interns have wrought, 2020 edition
#10For those who don't know, Jane Street is one of the best performing algorithmic trading firms on Wall Street. Probably the largest Ocaml shop on earth. It's a lucrative job for strong programming talent. Engineers there routinely make well over $1mm/year (edit: after a few years). They are similar to Two Sigma in tech focus and talent, which is a more well-known firm.
> Engineers there routinely make well over $1mm/year. Do you have a source for such claim ? data from h1b salary [1] tells that senior software make 200k base, and here [2] they explain that the average salary is 440k [1] https://h1bdata.info/index.php?em=JANE%20STREET&job= [2] https://news.efinancialcareers.com/fr-en/307393/jane-street-...
In finance the money is in the bonuses, which on a good year can easily exceed the base.