Jane Street discriminates based on what school you went to, during their hiring practices.
Dunno about this, I did my MSc at McGill and got interviewed by Jane Street (twice).
What the interns have wrought, 2022 edition
21–30 of 81 posts
Re: What the interns have wrought, 2022 edition
#22Earlier 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…
sorry my list should've included some public schools georgia tech or cal berkeley. my point they would be more preferential towards top tech schools
Re: What the interns have wrought, 2022 edition
#23Earlier 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…
GT is a top-5 engineering school in the US across many different disciplines, it's not just any public state school. A lot of places recruit heavily from them that would be less interested in other state schools (including most other state schools in GA).
EDIT:
Some context for people unfamiliar with GA: GA Tech, historically, was the public engineering university for the state. For other public universities with engineering programs, most of them were distance versions of GT with students transferring to GT for the last couple years into the 00s (changed by the mid-00s with some students finishing at the host university but graduating with a degree from GT). UGA has only had a College of Engineering since 2012. But prior to that, since the 1930s, UGA had no major engineering program outside of agricultural and a couple other things, with the primary focus of engineering education in the state being at GT.
Other schools had other focuses, but not engineering until very recently.
Re: What the interns have wrought, 2022 edition
#24Earlier 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)
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.
I think this is more in regards to university recruiting, especially with internships? I have no doubt about your experience with post grad hiring, college name doesn't matter as much after you have experience under your belt
Re: What the interns have wrought, 2022 edition
#25Jane 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.
You know there's a very well known joke that it's hard to get fired as a trader for underperforming the market by buying Apple, well it's hard to get blamed for hiring a bad intern if you hire him from MIT.
Re: What the interns have wrought, 2022 edition
#26Earlier 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)
That's fine. Considering the business Jane Street engages in is highly competitive (maybe even the most competitive in the world), if their hiring practices cause them to have lower productivity, the market will force them to correct their practices or go out of business. In fact, historical evidence shows amply that the more competitive an industry, the less discrimination (of the sort that we talk about now, like o…
I highly doubt a multibillion company engaging in more widespread recruiting practices would be the difference between them succeeding and failing
Re: What the interns have wrought, 2022 edition
#27Pretty impressive projects, did they only have 3 interns though?
> And once again, the program was bigger than ever. We had 122 dev interns globally, coming from 42 different schools and 13 countries. As the program grows, it gets harder and harder to summarize it with any degree of fidelity by picking just three projects.
Re: What the interns have wrought, 2022 edition
#28Jane Street discriminates based on what school you went to, during their hiring practices.
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.
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Re: What the interns have wrought, 2022 edition
#29Earlier quoted context omitted.
That's fine. Considering the business Jane Street engages in is highly competitive (maybe even the most competitive in the world), if their hiring practices cause them to have lower productivity, the market will force them to correct their practices or go out of business. In fact, historical evidence shows amply that the more competitive an industry, the less discrimination (of the sort that we talk about now, like o…
I highly doubt a multibillion company engaging in more widespread recruiting practices would be the difference between them succeeding and failing
Why not? Having a company with multiple billions of dollars doesn't in itself produce any returns without high quality labor to work it, especially in competition against other such multi-billion dollar companies. It might not fail this quarter or next, but inevitably they'll be chased out, if in fact the recruiting practices lead to lower productivity.