Live data from Hacker News

What the interns have wrought, 2022 edition

blog.janestreet.com

71–80 of 81 posts

Re: What the interns have wrought, 2022 edition

#71

Is anyone else blown away by the level of talent in this younger cohort nowadays? We have interns and juniors doing solid mid level work.

Their interns are easily the top 1% of CS students in the US. Some of their interns who attend CMU already have OCaml experience, as CMU uses OCaml for their compilers course. Some of their interns have interned at other trading firms.

Re: What the interns have wrought, 2022 edition

#72

Earlier quoted context omitted.

if not in : skip_interview_entirely return False ...as opposed to give every person a fair chance based on merit.

That's not Jane Street's process at all. I know first hand people from schools you've never even heard of that got internship offers, and I also know first hand people from MIT that got resume screened out. I'm not going to claim that there is no school bias at all, I don't know the finer details - but it's definitely not explicit as you describe. There are a lot of comments all over the internet (including this thre…

In the trading industry, DE Shaw and Five Rings are the two places that care about school prestige well into someone's career. All other firms don't give a crap about it once someone has some experience.

I went to a crap school in India and a mediocre US school for my grad work, still got interviews at trading firms as a new grad and an industry hire. Currently working at one right now, so I can say that I have seen it first-hand.

Re: What the interns have wrought, 2022 edition

#73
post #71

Is anyone else blown away by the level of talent in this younger cohort nowadays? We have interns and juniors doing solid mid level work.

Their interns are easily the top 1% of CS students in the US. Some of their interns who attend CMU already have OCaml experience, as CMU uses OCaml for their compilers course. Some of their interns have interned at other trading firms.

The OP stuff is brilliant (I guess) but it's small libraries. It's not "senior" work that manages a lot of complexity and deployment risk and $MM cost/benefit tradeoffs, it's hard/smart small work. Exactly what you want smart juniors to do.

Many seniors would never be able to do the stuff in the OP.

Re: What the interns have wrought, 2022 edition

#76

Jane Street interns get paid very well. It's one of the few companies that probably actually compensate interns at the level of their output. These seem like cool projects. Good for the interns.

No offense but just out of curiosity have you ever had interns working under you in the past?

Re: What the interns have wrought, 2022 edition

#78

Jane Street interns get paid very well. It's one of the few companies that probably actually compensate interns at the level of their output. These seem like cool projects. Good for the interns.

No offense but just out of curiosity have you ever had interns working under you in the past?

I havnt managed them directly but I've worked closely with two. One who was pretty much the friend of the owner and pretty useless. One who was really incredible and got a return offer right away and finished a full project while there.

Obviously not all interns are equal. I guess I should have clarified that I meant at companies like Jane Street which have strong internship programs. They have difficult interview processes, pay very well, and interns actually do interesting work.

Re: What the interns have wrought, 2022 edition

#79
post #34

Fun fact: Jane Street interns get paid $96 / hr. They're one of the top paying internships! https://www.levels.fyi/internships/

That is high pay - you interrupted my expected post of saying other companies pay well. Most big companies (faangs but not just them) I've worked in have paid interns pro-rated wages slightly below a minimum starting pay, so maybe the equivalent of 75k. But 96/hr is 200k annually. I agree that's very high pay for an intern. Do they pay beginning devs that much? And the next step is how much for a regular experienced dev.

Re: What the interns have wrought, 2022 edition

#80

Jane Street interns get paid very well. It's one of the few companies that probably actually compensate interns at the level of their output. These seem like cool projects. Good for the interns.

No offense but just out of curiosity have you ever had interns working under you in the past?

The high level of compensation for these specific interns reflects their high level of talent.

It's extremely difficult to get an internship at a company like this. These aren't run of the mill interns who are coasting through college and trying to check the internship box.

Post reply on HN