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Takeaways from the Jane Street bond prospectus

ft.com

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Re: Takeaways from the Jane Street bond prospectus

#11

Post by SkipperCat »

peterhadlaw wrote: post #2

They discriminate employment based on what school you go to, or at least they did circa 2013

Its mostly done as a way to filter job applications into a smaller set. When Google was the 'hottest' job prospect (many years ago) they needed a way to reduce the set of applicants down to a number where hiring managers could handle the load. Setting criteria such as having an Ivy League degree or a CS degrees with GPA over 3.8 was a logical way to achieve this goal.

That being said, if you went to a community college but also had 10+ years experience at one of their competitors (eg: DE Shaw, 2Sig, Citadel, etc), you'd almost be guaranteed an interview. But once again, thats another very small set of applicants.

Re: Takeaways from the Jane Street bond prospectus

#12

Post by keyle »

I love them because they keep the OCaml dream alive, but any company shouldn't have this kind of reach, especially in the realm of automation. This probably won't end well...

Meanwhile I'd love to know what their edge is... It's probably more than OCaml, although... ;)

Re: Takeaways from the Jane Street bond prospectus

#14

Post by pasc1878 »

peterhadlaw wrote: post #2

They discriminate employment based on what school you go to, or at least they did circa 2013

So do most popular companies.

they get many applicants for a job. So you have to filter those applications. One way is to recruit from known places where they have already got people from as they know it worked. Typically those universities also filtered on how good you were and so the average quality is higher from those.

Obviously there will be exceptions but not work spending time to find them. Recruitment costs a lot in time and money.

Re: Takeaways from the Jane Street bond prospectus

#18

Post by Ekaros »

actionfromafar wrote: post #16
hendzen wrote: post #9

Jane Street made 4.4bn net income in Q1 2024 w/ 2600 employees. Tether made 4.5bn net income in Q1 2024 w/ probably <50 employees.

There's a non-zero chance one of the companies is mostly legal.

I would put that to 100%... You don't make that much money without breaking at least some laws from time to time.

Re: Takeaways from the Jane Street bond prospectus

#19

Post by znpy »

SkipperCat wrote: post #11
peterhadlaw wrote: post #2

They discriminate employment based on what school you go to, or at least they did circa 2013

Its mostly done as a way to filter job applications into a smaller set. When Google was the 'hottest' job prospect (many years ago) they needed a way to reduce the set of applicants down to a number where hiring managers could handle the load. Setting criteria such as having an Ivy League degree or a CS degrees with GPA over 3.8 was a logical way to achieve this goal. That being said, if you went to a community colle…

> Setting criteria such as having an Ivy League degree or a CS degrees with GPA over 3.8 was a logical way to achieve this goal.

It wasn't a "logical way", it was an "easy way". That's classist at the very least.

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