Jane Street's Hiked Salaries for Quantitative Trader Internship

The firm recently posted an offer of a whopping $145,000 for their #quantitativetrading internship. They're notoriously difficult to land a position with. Often, PhD grads are hired but JS has also hired students, including from CUHK, who have exceptional math backgrounds. In this post, we’ll give you a quick intro to the firm, detail what they look for in candidates, and provide #interviewtips to help you get a #financeinternship or #gradjob with them.

Here's a quick look at the firm:👀

JS is a liquidity provider as well as a #quantitativetrading firm that places a strong emphasis on technology. It works in trading financial products such as currencies, options, bonds, futures, commodities, equities, and ETFs. They also provide institutional brokerage and analysis services. Their more finance/technology-centric areas include:

 

◼ Trading and Research 

This department develops trading strategies, signals, and execution methods. Traders work closely with researchers to create strategies and manage trade decisions, whilst researchers work on optimising models.

◼ Technology

They develop systems and tools that clients + employees utilise. In their office, they work on the server infrastructure and physical network, as well as data centres and platforms for their trading floors.

◼ Institutional Sales and Trading

They collaborate with top asset managers and institutional investors and hire staff who have strong capital markets knowledge, and excellent communication and client management skills.

◼ Finance 

Comprising several teams such as Accounting and Banking (amongst others), they work closely to ensure the smooth internal operations of the department and support Jane Street’s critical functions.

◼ Business Development and Rotational Development Program 

This is a cross-departmental program and those who join will be able to do rotations with up to 5 teams to gain a more holistic understanding of the company.

 

Yes, they do hire overachievers, but here's a breakdown of skills you'll need to whet:

✅ quantitative skills

✅ mathematical acumen

✅ business sense

✅ problem-solving skills

✅ sense of accuracy

 

Interview tips:

▶️ You’ll likely have a phone interview, then an on-site one so be prepared.

▶️ Sharpen your technical skills, especially in programming.

▶️ Enhance your numerical skills.

▶️Practice answering technical/logic-themed questions. Example questions as provided by JS include: “A number of exchanges require market makers to continuously quote within certain percentages of the best bid and offer. What is the purpose of those requirements?” and “How many pennies are there in Manhattan?”

NOTE: These questions are EXAMPLES only; they state they don’t use these particular ones mentioned here in interviews anymore.

▶️Practice articulating your reasoning with clarity and precision.

--------------------------------------------

We help university students like you to get into Investment Banking, Banking, Property/ Conglomerate and Advisory/ Consulting.

Follow us on Instagram (ig: HKCareers / ibankcoaching) to know insider tips about grad job / internship hunting.

Visit https://bit.ly/hkcareersaboutus to know more about the result-based career coaching program