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What the interns have wrought, 2022 edition

blog.janestreet.com

11–20 of 81 posts

Re: What the interns have wrought, 2022 edition

#11
post #4

[flagged]

Read the article, these are highly technical, generalized projects. That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system.

>That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system.

If you think they are getting paid to generate OS projects you aren't thinking about this very hard.

Re: What the interns have wrought, 2022 edition

#12
post #8
post #7

Earlier quoted context omitted.

This seems fine. There are some schools where it is simply not worth allocating your finite amount of recruiting resources. It by no way means that there are not super smart people at those schools, just that the percentage of students that fit your hiring criteria is too low to justify spending time at those institutions.

it's probably more like if your school isn't an ivy, stanford, mit, whatever you're resume goes right in the trash. also that logic is super self perpetuating and I imagine could be used to justify other worse forms of discrimination (not saying at Jane Street but in general)

False. When I was in college, about 8 years ago, Jane Street not only hired from our school, they came to our career fair on regular. I interviewed with them myself at the time for an internship, but fumbled because my combinatorics knowledge was severely lacking at that time, and algo wasn't quite up to par either.

My college was a public state school (Georgia Tech). While it is a great school, it was public and affordable (could be done for nearly free in-state). But it definitely was not some super difficult to get into exclusive ivy club or the likes.

So it seems like they indeer attend a rather wide variety of schools, given the size of their company. But they aren't a mega giant like Microsoft/Amazon/etc. that can afford to directly send people to recruit from almost every school in the US, their headcount was under 1k total iirc, and significantly.

Re: What the interns have wrought, 2022 edition

#13

Jane Street discriminates based on what school you went to, during their hiring practices.

Software development is an outlier in that companies don't tend to care where you went to school. Lots of firms on Wall Street will only hire from a few schools, or sometimes even a single school. It makes sense Jane Street would be somewhere in between.

Re: What the interns have wrought, 2022 edition

#14
post #12
post #8

Earlier quoted context omitted.

it's probably more like if your school isn't an ivy, stanford, mit, whatever you're resume goes right in the trash. also that logic is super self perpetuating and I imagine could be used to justify other worse forms of discrimination (not saying at Jane Street but in general)

False. When I was in college, about 8 years ago, Jane Street not only hired from our school, they came to our career fair on regular. I interviewed with them myself at the time for an internship, but fumbled because my combinatorics knowledge was severely lacking at that time, and algo wasn't quite up to par either. My college was a public state school (Georgia Tech). While it is a great school, it was public and aff…

When I was college shopping, Georgia Tech was near the top of the list for CS. I think it was actually at the top for robotics.

Re: What the interns have wrought, 2022 edition

#15
post #4

Earlier quoted context omitted.

Read the article, these are highly technical, generalized projects. That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system.

>That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system. If you think they are getting paid to generate OS projects you aren't thinking about this very hard.

Well, Jane Street paid them to do work they presumably wouldn’t otherwise have done, and that work appears to have made it into OS.

So Jane Street’s profiting from this work is irrelevant, they paid for it and we have it.

Re: What the interns have wrought, 2022 edition

#16
post #12
post #8

Earlier quoted context omitted.

it's probably more like if your school isn't an ivy, stanford, mit, whatever you're resume goes right in the trash. also that logic is super self perpetuating and I imagine could be used to justify other worse forms of discrimination (not saying at Jane Street but in general)

False. When I was in college, about 8 years ago, Jane Street not only hired from our school, they came to our career fair on regular. I interviewed with them myself at the time for an internship, but fumbled because my combinatorics knowledge was severely lacking at that time, and algo wasn't quite up to par either. My college was a public state school (Georgia Tech). While it is a great school, it was public and aff…

C’mon your counter example is that they recruit from Georgia Tech. How much recruiting does Jane Street do at UGA? George State? Spelman?

Re: What the interns have wrought, 2022 edition

#18

Jane Street discriminates based on what school you went to, during their hiring practices.

Why? That seems like a dumb way cutting of potentially very talented candidates. Seriously it removes over 90% of candidates, if not more. That seems unsound.

Re: What the interns have wrought, 2022 edition

#19
post #8
post #7

Earlier quoted context omitted.

This seems fine. There are some schools where it is simply not worth allocating your finite amount of recruiting resources. It by no way means that there are not super smart people at those schools, just that the percentage of students that fit your hiring criteria is too low to justify spending time at those institutions.

it's probably more like if your school isn't an ivy, stanford, mit, whatever you're resume goes right in the trash. also that logic is super self perpetuating and I imagine could be used to justify other worse forms of discrimination (not saying at Jane Street but in general)

Definitely not the case. I used to work there - lots of colleagues from outside the ivies etc. Lots of people who didn't go to college for CS, and in some cases did not go to a traditional college at all. Are there a lot of people from e.g. MIT? Yeah, because MIT is a good school and produces lots of people you want to hire.

Re: What the interns have wrought, 2022 edition

#20
post #4

Earlier quoted context omitted.

Read the article, these are highly technical, generalized projects. That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system.

>That they were paid for by an investment firm and then released as OS means _we_ siphoned value out of the financial system. If you think they are getting paid to generate OS projects you aren't thinking about this very hard.

They're getting paid as part of Jane Street's investment into their hiring pipeline. Then the internship projects got published as open source, which also benefits their hiring pipeline. There's nothing untoward about any of that.

At the end of the day, they feed their hiring pipeline, interns get work experience and some cash, and we all get some genuinely interesting open source projects. Win/win/win.

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