New Grad 2022 Quant Jobs 💹 🐱💻
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✅ = Company offers role and applications are open → click on the checkmark for a link to the job posting
✔️ = Company offers role but applications are not open yet
SWE = Software Engineering or Quantitative Development
QR = Quantitative Research
QT = Quantitative Trading
Top New Grad companies (subjectively ranked based on perception, culture, program, prestige and pay):
1️⃣ HRT - Jane Street - Radix - TGS - PDT.
2️⃣ Citadel (Securities) - Headlands - Ansatz - Aquatic.
3️⃣ Five Rings - DE Shaw - Jump - Vatic.
4️⃣ Two Sigma - IMC - Optiver.
5️⃣ Akuna - DRW - SIG - Flow Traders - Tower - Virtu.
| Company | Location | SWE | QR | QT | Status | Notes |
|---|---|---|---|---|---|---|
| Akuna | Boston, Chicago | ✔️ | ✔️ | ✔️ | Founded by ex-optiver traders. Meritocratic culture where people are promoted quickly. On the flip-side, stress levels and pressure tend to be on the higher side. Also try to have competing offers otherwise they might low-ball you. | |
| Allston Trading | Chicago | ✔️ | ||||
| Ansatz Capital | NYC | ✔️ | ✔️ | Similarly to Aquatic, Headlands and Radix, a small but prestigious firm that is willing to pay more than most competitors. Fairly young firm. Uses Python and C++ for QR. | ||
| Aquatic | Chicago | ✅ | ✅ | 📭 Applications are open year-round. | Aquatic also has a Research Engineer position here. | |
| AQR | Greenwich | Cliff Asness's firm. | ||||
| Arrowstreet Capital | Boston | ✔️ | ✔️ | |||
| Belvedere | Chicago | ✔️ | ✔️ | |||
| Bridgewater | Westport | ✔️ | ✔️ | Ray Dalio's firm. Very unique culture. | ||
| Citadel | Chicago, NYC | ✔️ | ✅ | ✅ | 📭 Applications for QR and QT are open! | The hedge fund side of Ken Griffin's Citadel. The quants are mostly on the Global Quantitative Strategies team (GQS). |
| Citadel Securities | Chicago, NYC | ✔️ | ✅ | ✔️ | 📭 Applications are open for the QR role! | The market making arm of Citadel. The general perception is that the culture tends to be better at Citadel Securities vs Citadel LLC. |
| Cubist | New York City | ✔️ | ✔️ | The quant arm of Steve Cohen's Point72 hedge fund. | ||
| DE Shaw | ✔️ | ✔️ | ✔️ | Where Jeff Bezos worked before founding Amazon. Tends to be extremely school-selective, mostly recruiting from ivy leagues and similar. | ||
| DRW | Chicago | ✔️ | ✔️ | ✔️ | Perception is that DRWers tend to have a good WLB but teams are usually siloed. One of the first traditional firms that started going into crypto. | |
| Engineers Gate | NYC | ✔️ | ||||
| Five Rings | NYC | ✔️ | ✔️ | ✔️ | Founded by an ex-Jane-Street guy. Very school-selective, mostly recruiting out of MIT. | |
| Flow Traders | Amsterdam | ✔️ | ✔️ | Only offers internships in Europe. | Primary focus is on ETFs. Pay tends be lower than IMC and Optiver but the office is NYC instead of Chicago. | |
| G-Research | London | ✔️ | ✔️ | Also hires people out of the US. Very focused on research with a lot of people working on cutting-edge Machine Learning. A caveat about their culture can be found in this article. | ||
| GSA Capital | NYC | ✔️ | ||||
| Headlands Tech | Chicago | ✔️ | ✔️ | Founded by ex-Citadel people. Max Dama works here. Similarly to Ansatz, Aquatic, Headlands and Radix, a small firm that is willing to pay more than most competitors. Known to have a large focus on C++, both among QRs and SWEs. | ||
| HRT | Austin, Chicago, NYC | ✅ | ✅ | 📭 Applications are open year-round! | The Algo Dev role at HRT is essentially Quantitative Research. HRT's culture seems to be pretty similar to JS and pay is similar too. HRT has a bigger focus on ML with their dedicated HRT AI Labs. HRT, JS and Two Sigma are also known to recruit QRs out of undergrad. | |
| IMC | Chicago | ✔️ | ✔️ | Word is that IMC has the chillest culture out of the three big dutch firms (IMC, Optiver, Flow Traders). Pay tends to be in between Flow Traders and Optiver. Tends to be more focused on the quantiative side than Optiver and Flow. Has one of the highest intern salaries. | ||
| Jane Street | NYC | ✔️ | ✔️ | ✔️ | Founded by ex-SIG people. Tends to be more school-agnostic than other firms. Also offers a lot of first-round interviews. General perception of JS is that it has a very comfortable and quirky culture. Specializes in market making. | |
| Jump | Chicago | ✔️ | ✔️ | Fairly school-selective recruiting. Very engineering-focused with siloed teams. | ||
| Mako Trading | London | ✅ | 📭 Expressions of interest open. | |||
| Marshall Wace | NYC | ✔️ | ||||
| Maven Securities | London | ✔️ | ✔️ | Founded by ex-optiver traders. | ||
| Millenium | NYC | ✔️ | ||||
| Old Mission Capital | Chicago, NYC | ✔️ | ✔️ | |||
| Optiver | Chicago | ✅ | ✅ | 📭 Expressions of interest open. | Tends to have the highest pay out of the three big dutch firms (IMC, Optiver, Flow Traders) due their marble bonus system. Larger focus on traders. Traders generally tend to earn considerably more than SWEs at the Dutch firms, especially over time. QR roles are open for their Delta One team, mainly grad students. | |
| PDT | NYC | ✔️ | ✔️ | ✔️ | Founded by Pete Muller, collaborative but secretive culture (similar to Rentech). Internships are SWE + SWE/QR combo roles. New grad roles are solely PhD for QR. | |
| Peak6 | Chicago | ✔️ | ✔️ | The internships are geared towards women. The new grad roles are open to everyone. | ||
| QuantLab | Houston | ✔️ | ✔️ | |||
| Radix | Chicago | ✅ | ✅ | 📭 Applications are open year-round. | Founded by ex-Citadel people. Radix calls SWEs Quantitative Technologists. They don't publicize internships but they do select a handful of interns every year. Just email your resume. Rumor is that they offer the highest internship salaries. Culture is likely most similar to Renaissance. | |
| Renaissance | Setauket- East Setauket | ✔️ | ✔️ | The legendary OG quant fund (medallion). Good luck with this one. You can email your resume and they do interview normal SWEs sometimes but it's very unlikely you'll get an interview for any other role unless you're extra-extraordinary. | ||
| SIG | Bala Cynwyd | ✔️ | ✔️ | ✔️ | Has a huge poker culture. Fairly chill culture but pay tends to be on the lower side. | |
| Squarepoint | NYC | ✔️ | ||||
| TGS | Irvine | ✔️ | Used to only recruit grad students but recently started recruiting undergrads as well. | |||
| Tower Research | NYC | ✔️ | ✔️ | Pretty traditional portfolio manager culture. | ||
| TransMarketGroup | Chicago | ✔️ | ✔️ | |||
| Two Sigma | NYC | ✔️ | ✔️ | Founded by ex-DE-Shaw people. Collaborative and chill culture. The org is mostly composed of QRs and SWEs. More of a quant hedge fund, with a a smaller market making arm and a venture capital team. | ||
| Valkyrie Trading | Chicago | ✔️ | ||||
| Vatic Labs | NYC | ✔️ | ✔️ | Founded by ex-Jump people. | ||
| Virtu | NYC | ✔️ | ✔️ | |||
| Voleon | Berkeley | ✔️ | ✔️ | Specializes in Machine Learning and recruits college students for SWE roles but primarily recruits PhD students for research roles. | ||
| Wolverine | Chicago | ✔️ | ||||
| WorldQuant | NYC | ✔️ | ✔️ | |||
| XTX Market | London | ✔️ | Branched out of GSA capital. |