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What the interns have wrought, 2020 edition

blog.janestreet.com

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Re: What the interns have wrought, 2020 edition

#81

Post by jolux »

kyawzazaw wrote: post #77
jolux wrote: post #71

I completed the interview process at Jane Street last year and received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges, claiming they had decided instead to fill the position I applied for with internal staff. Their recruiter handled it with a high degree of professionalism but the experience left a bad taste in my mouth nonetheless.

Maybe I am not too familiar with it (although I have heard interns negotiating for pay with Akuna). I thought intern compensation is pretty much set. Did you have counter offers to negotiate?

It was an engineering position, not an internship.

Re: What the interns have wrought, 2020 edition

#82

Post by rtlfe »

jolux wrote: post #71

I completed the interview process at Jane Street last year and received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges, claiming they had decided instead to fill the position I applied for with internal staff. Their recruiter handled it with a high degree of professionalism but the experience left a bad taste in my mouth nonetheless.

What kind of position was that for? Must not have been a generalist software engineer if there was only one slot available.

Re: What the interns have wrought, 2020 edition

#84

Post by kyawzazaw »

Barrin92 wrote: post #50
geodel wrote: post #25

Earlier quoted context omitted.

It need to be pointed out because there may be like grand total of dozen companies which uses OCaml so it is something remarkable. It is like paintings from famous painters in billionaire's homes. Now for me and may be for lot of people stuff from Bed Bath and Beyond is just fine on our walls. So for ultra-rich / successful/profitable company might see beauty in Ocaml but most of the world runs fine on run of the mil…

>but most of the world runs fine most of the world doesn't run fine. If airplanes were built like your average software stack they'd drop out of the sky every other day. Development practise at a place like JaneStreet is an example how things ought to be done. I really dislike the analogy of Ocaml as some sort of esoteric billionaire tool. It's just a sound language that everyone can understand, it's not even particu…

What development practices do they have that is unique to them?

Re: What the interns have wrought, 2020 edition

#85

Post by jolux »

rtlfe wrote: post #82
jolux wrote: post #71

I completed the interview process at Jane Street last year and received a verbal offer after my on-site which they then proceeded to rescind while we were discussing pay ranges, claiming they had decided instead to fill the position I applied for with internal staff. Their recruiter handled it with a high degree of professionalism but the experience left a bad taste in my mouth nonetheless.

What kind of position was that for? Must not have been a generalist software engineer if there was only one slot available.

I’m a little wary of disclosing in case they read this but it’s probably rare enough that they would know from the description anyways. I will say it’s a software position and it remains on their careers page as open.

Re: What the interns have wrought, 2020 edition

#88

Post by IshKebab »

fractionalhare wrote: post #29
maest wrote: post #12

Earlier quoted context omitted.

It's rarely the case that Technology sees those kinds of bonuses; that's most common on the Investment side. And yes, even places like Jane Street separate between Investement and Tech.

In HFT (and often stat arb) the front and back office dichotomy doesn't apply as much. Basically anyone doing nontrivial engineering work has an opportunity to share in the profits of the firm at Jane Street. They don't need to be a quantitative researcher or trader.

That isn't the case at the few London HFT companies I've applied to. They had a clear division between quants and everyone else.

Re: What the interns have wrought, 2020 edition

#89

Post by geodel »

Barrin92 wrote: post #50
geodel wrote: post #25

Earlier quoted context omitted.

It need to be pointed out because there may be like grand total of dozen companies which uses OCaml so it is something remarkable. It is like paintings from famous painters in billionaire's homes. Now for me and may be for lot of people stuff from Bed Bath and Beyond is just fine on our walls. So for ultra-rich / successful/profitable company might see beauty in Ocaml but most of the world runs fine on run of the mil…

>but most of the world runs fine most of the world doesn't run fine. If airplanes were built like your average software stack they'd drop out of the sky every other day. Development practise at a place like JaneStreet is an example how things ought to be done. I really dislike the analogy of Ocaml as some sort of esoteric billionaire tool. It's just a sound language that everyone can understand, it's not even particu…

> If airplanes where built like your average software stack they'd drop out of the sky every other day.

I missed to add C/C++ to my list. That would have covered real time systems you mention.

> Development practise at a place like JaneStreet is an example how things ought to be done.

As much I agree Jane street is doing cutting engineering for their domain, it seems unrealistic that rest of the world is unaware of good software engineering in generic usecases.

Re: What the interns have wrought, 2020 edition

#90

Post by jeffbee »

closeparen wrote: post #78
jeffbee wrote: post #57

Earlier quoted context omitted.

Another thing the HN orthodoxy rejects is that professional investing and trading can make money above monkey-dart levels, despite the abundance of evidence that it does.

This assertion is about funds that are open to the general public. No one doubts e.g. Renaissance’s Medallion fund.

OK but it's still just false. Go read this obituary of Richard Gilder who recently passed away. He founded a firm that gave ordinary retail investors consistently high returns for decades.

https://www.gilderlehrman.org/about/richard-gilder

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