Why do they say 179,000 million instead of 179 billion? Is that common in their industry?
Billion has wildly different meanings. https://en.m.wikipedia.org/wiki/Billion
Takeaways from the Jane Street bond prospectus
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Re: Takeaways from the Jane Street bond prospectus
#52> Double the profit per employee than Google > Average TC of 900K > Several unranked billionaires it makes even OpenAI / Meta ML SWEs look underpaid
SWE who have deep subject matter experience are super valuable to these firms. Folks who understand how to write low latency code, FPGA work and other stuff like that. But the real money is in figuring how "how and what" to trade. Once that's done, the SWEs can bang out the code.
Re: Takeaways from the Jane Street bond prospectus
#53They discriminate employment based on what school you go to, or at least they did circa 2013
Re: Takeaways from the Jane Street bond prospectus
#54Re: Takeaways from the Jane Street bond prospectus
#55Why do they say 179,000 million instead of 179 billion? Is that common in their industry?
Re: Takeaways from the Jane Street bond prospectus
#56They discriminate employment based on what school you go to, or at least they did circa 2013
You can't claim to have diversity if everyone did the same courses in the same schools.
Re: Takeaways from the Jane Street bond prospectus
#57Re: Takeaways from the Jane Street bond prospectus
#58I 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... ;)
If you want to hire the best and willing to pay that is no longer a concern
Re: Takeaways from the Jane Street bond prospectus
#59If I remember correctly they are also by far the biggest poster child for OCaml, right? Blub Paradox at play here?
These days, starting or running a financial business with less popular languages is, well, less popular.
Re: Takeaways from the Jane Street bond prospectus
#60Earlier quoted context omitted.
> 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.
To a certain extent, you are correct. However, companies like Jane Street need to filter and doing so based on colleges is the most efficient when other factors are all equal. Top tier colleges strive to base their admittance on performance and strive to be racially and culturally diverse. This gives Jane Street the ability to say they filter on the same criteria. I'm all ears if you have a better system that is more…
But not socio-economically.