What the interns have wrought, 2022 edition
blog.janestreet.com
What the interns have wrought, 2022 edition
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Re: What the interns have wrought, 2022 edition
#2[flagged]
Re: What the interns have wrought, 2022 edition
#3[flagged]
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Re: What the interns have wrought, 2022 edition
#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.
Re: What the interns have wrought, 2022 edition
#5Jane Street discriminates based on what school you went to, during their hiring practices.
Re: What the interns have wrought, 2022 edition
#6Jane 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.
Re: What the interns have wrought, 2022 edition
#7Jane 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.
Re: What the interns have wrought, 2022 edition
#8Jane 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.
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)
Re: What the interns have wrought, 2022 edition
#9Jane Street discriminates based on what school you went to, during their hiring practices.
Why exactly is that "discrimination" and not, you know, simple evaluation? Is every company that doesn't hire based on a random number generator discriminating?
Re: What the interns have wrought, 2022 edition
#10Earlier 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)
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 on racial or ethnic grounds) is to be found; and the most regulated, monopolistic, or anti-competitive the field, the more such discrimination is found.