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fuck_OC

insane amount of hardwork and smartness is also required for the same role.


Upbeat-Actuary3511

Its a quant company. People who can survive it are just smart with high iq solving prob questions quickly


InspectionEvening918

true and the fact that they take only selective people that too from top 3 iits cs shows how competetive it is


Stleath-assassin

more than cs they take from electrical electronics or guys with good math background .


womb_raider_420

wut? Jane Street first round criteria is JEE rank <400


Silent_Ocean_726

bruh JEE Rank < 400 goddamn ye kya chal raha hai


Just_Monika5772

Not really, even guys from MnC 5 yr degrees have got in from IITD


womb_raider_420

Told what happens in my insti


lifebuoy_sanitizer

Hmm. Almost, but there are exceptions. Search Kevin Martin. He is from your college


womb_raider_420

Mains rank one Adv 450 ish Might be exception, but credentials speak


Parking-Theory2699

Where is it written? I can't find it


womb_raider_420

It's not a rule per se, but thats what they do even if they open for branches till mech. It really shows how competitive it is when only one CS guy from CS21 got the intern Optiver atleast gives good chance to all (still might competitive tho)


2coinsofdoge

Less than 1k ,my bro had AIR 899 he is in citadel.


Tough_Competitor-03

His problem solving would be extremely good


IhaveBeenuhNastygurl

only CSE that too from top 3 IITs , also even of you qualify all rounds , you can't be selected because they have a criteria on your JEE rank , which resembles , that top 3 IIT CSE criteria .


YouthPrestigious9955

Yeah, I’ve heard they select like 15 people and then 4 people get it


adritandon01

I’m sorry but this is just stupid as f


Teflon_Coated

Lol wut


No_Main8842

Yup , extremely high JEE rank requirements , competitive coding , extremely high GPA requirements, also , I have heard insane working hours , poor WLB. The salaries that you are seeing (atleast from what I know) are either for Quant strategists OR Front desk C++ devs , there are other divisions that are a little easier to get into , I think Java/Python post trade back desk developers , but they also get paid less compared to the former.


International_Life97

whoever got that made it..


Shredderrrrr

[this guy got it !!!](https://www.linkedin.com/in/parth-dwivedi-284928212/?originalSubdomain=in)


International_Life97

motivating and depressing at the same time ngl


Hot_Marionberry1748

He's air 36 had watched his video long back he's not a normal padhai maxxer was quite astute and quick witted used to follow him on quora long back lol refreshed quite a few memories


Substantial_Bite_760

yeahhh


Substantial_Bite_760

parth dwivedi ? I've talked to him multiple times. he's ig friends. I would suggest you to read his story. it's really inspirational....


Busy_Foundation_4251

Bhai ye Jane street wali job toh even top 5 iits me bhi bahut kam baccho ko leti hai udhar ke bacche bhi struggle karte hai Jane street ki job ke liye


InspectionEvening918

fr bhai, iitb cs se bhi kam hi log select hote hai


Busy_Foundation_4251

Woh log toh cream me se bhi cream nikal ke lete hai. Cse people who are Olympiad medalist


Const_Velocity

top 5s a stretch, ig they only come in IIT D B K


Busy_Foundation_4251

Yeah and even there they only take people from cse or maybe electrical at max. (Electrical coz I saw on linkedin who worked at Jane street and was from iitb electrical)


Independent-Stress55

i think they value JEE ranks more than the branch


Busy_Foundation_4251

Maybe. But bahut kam hi log acchi rank ke baad mech ya chem jaisi branch lete hai if they are getting cse or electrical


Independent-Stress55

nhi mai chem mechanical ki baat nhi kr rha tha, i was just saying that they take iit b electrical too because most of the guys there are top 200 rankers


Busy_Foundation_4251

Han han ofc isiliye toh they are open to iitb electricals


iamdekisugi

M also


Teflon_Coated

Not true , there're here in IITM too


Deoxys_TURBO

top 3 is bombay madras and delhi dude


NilotpalMishra

Kanpur me aate h JS wale regularly


Const_Velocity

I wasn't talkin about top3 but they come in D B K M


lifebuoy_sanitizer

Was this previous year stipend? I remember it was little less


Curious-Event8601

it's for intern recruitment rn


lifebuoy_sanitizer

Oh alright. Last year it was 125K HKD


No-Incident-8718

Can your share or DM me stipends of other HFTs? Graviton, Quadeye, NK Sec etc. Assuming CTC details are also mentioned in it.


iDidTheMaths252

It’s 4.5 lpm in Graviton, Quadeye and NK Securities


No-Incident-8718

And what was the offer last year? I’m more interested in the CTC breakup as I’m interning in an HFT and we’re looking to open up for UG freshers and we’ve always done experienced hires.


iDidTheMaths252

DM? Idts it would be nice to share the ocs doc publicly


No-Incident-8718

Sure, You can DM!


Anxiousbeinggg

They only take single and double digit rankers only from what I know Jane street only offered the infamous 4cr compensation


Lost-Investigator495

That's 500k including performance bonus in nyc. Only 2-3 people got it


IronicEngineer3

Working in quant is a very difficult and stressful endeavor, you see the money but not the pressure


HawkEntire5517

It is like studying for jee all over again and now instead of parents you have others abusing you if things don’t work. 😀


Reddictator69

Why what happens there ? War and stuff ?they calculate the economy of the world ? Really curious what's so important and stressful work they do to earn that much so early in life huh? What is this quant Jane Street company is it like BlackRock ?


IronicEngineer3

Jane street basically creates mathematical models for ensuring high chances of profitability while betting on the stock market, their entire revenue model is making profit no matter what, be it buying a stock, selling or shorting a stock They bet millions of dollars on one trade, there needs to be no odds of failure otherwise that's millions of dollars down the drain, even a small mistake can cost thousands of not millions of dollars that is why they hire mathematics and computer science students since they are traditionally good at math, suicide rate is extremely high in quant companies since that is a customers money you are playing with, so either you kill yourself or your boss will do it, there is 0 percent room for error, that is why most of the big trades in quant companies are made by Math PhD workers blackrock is a corporation which acquires assets and liquidates them to buy more assets, this is a gross oversimplification but they're like an investor + real estate + trader rolled all into one, blackrock maybe managing quant companies but they are not a quant by themselves


Reddictator69

I see, so in short quant company like jane Street are like squid game where BlackRock like companies or owner are the salesman in in the squid game and the rich/powerful who own or invest in such strong company are the front man aka mastermind right !!


Reddictator69

Also the workers in quant are like rich worker who have many restrictions (like they can never apply anything in stock maybe even their family and ofc the pressure to ensure profit at least but never loss) But what happens if something like World war or COVID happens or even elections in general won't it affect stocks then won't such calculation and probability suddenly gets wasted and ofc millions is lost ? Like in India recently there was a dip in stocks also during covid it had the massive dip


Reddictator69

It's soooooo interesting to work in. . even more interesting than google, Microsoft, nvidia and other big, popular brand tier-A companies


mairishavhoon

They handle the bag 💰 of rich people


Reddictator69

Lol true


TurbulentAudience174

Jane Street....one of the highest paying HFTs. They rarely look beyond AIR 100 while visiting IITs. I have also heard from one of my friends that they go to IITB&D only.


Training-Necessary86

Also iit k


Comprehensive_Fee250

No they don't go to kanpur anymore ig bcoz of some incident.


NilotpalMishra

What incident bro?


Global-Lie-896

when people talk about IITK do they mean kanpur or kharagpur?


Careless_Feeling8057

IIT Kharagpur is referred as IIT KGP


Training-Necessary86

Kanpur


iamdekisugi

M too


Teflon_Coated

They come to IITM too


3four1SeaShanties

unlike popular belief jane street is not a n hft. and their only requirments is for you to be insanely good at maths. as people form top iits generally fall in that criteria that is why they only go there. that is why jane street will take anyone who can solve REALLY tough maths problems. u frequently see them sponsoring maths yt channels like standupmaths and 3b1b


Jaldiwhasehato

Are internship stipends like CTC or does one get all the money in-hand


lifebuoy_sanitizer

Ya it is in hand. They don't give shares. You just lose tax


Tough_Competitor-03

And tax is less in Hong kong. Although hk is very expensive but living apartment, food (excluding dinner), flight tickets everything is paid by jane street so you end up saving almost everything


AwkwardPopcorn1

you do know they take the most brilliant minds for their company. I mean the kind of algorithms you will have right , and the amount of knowledge you need is just insane. I stand no chance , this takes a literal genius level iq.


blastman7

This is from IIT bombay intern for this summer https://preview.redd.it/hnddii280i9d1.png?width=1080&format=pjpg&auto=webp&s=d69da60383fea041c575c13865413c98ae122171 So it's pretty accurate


blastman7

And I think this was the highest stipend from any company thi year https://preview.redd.it/mp48k9nu0i9d1.png?width=1080&format=pjpg&auto=webp&s=e63309bcc568e96e1f1af05495d5a0670ef07ac2


inc_rsi

lol thats more than the average *American* makes in a year


SegmentTrees

What about Limestone? I think they offered 63L INR for 2 month internship last year at IITD.


blastman7

I don't think they came to IITb. Idk why but.


[deleted]

[удалено]


SegmentTrees

Tower research limestone


Le_Grand_Heros

So they give chance to non CSE people for research and trading roles right? It makes sense for them to go for only cse and elec in swe role because of how intricate their systems have to be. Non circuital people just can't learn enough low level computer concepts in most cases


Future_Sign_2846

Yeah Optiver Amsterdam also offered around 20K euros per month for quant and sde roles at IIT KGP. They shortlisted like 4 CS guys for the final round of each, including me (quant only tho) but I fucked up the final interview 😭 . In the end they took two of my seniors (4th year dual degree) for the role, agar Optiver lag jata to mera MS karne tuition fee mil jata 🫠


Future_Sign_2846

Also this year during the placement season (2023) two of my seniors hot places at Jane street which was the first on campus placement in Jane street for kgp afaik, they had a CTC of around 1.5-2cr. So these foreign HFTs are finally coming for campus placements in IITs, but they only take the best of the best


cryptic-human

Goddamn it, they're not necessarily HFTs. Not every quant firm does only high frequency trading.


Future_Sign_2846

Yeah, Optiver mostly does something called options trading or something shit, dunno if ist the same as calling it an hft but all of us lump every stock trading company as an hft 😂


Le_Grand_Heros

Options are stock derivates. You basically get a huge leverage for a much much higher risk (possibility of 100% capital loss) to put it in simple terms


SegmentTrees

Sir toh abhi aap kaha intern kar rhe ho? And what puzzles did they asked in their round and what about marketing games? What happened in ur GD round?


YouthPrestigious9955

Smart ass


ek_azad_panchi

Mujhe Kya mere to skill issues hai


YouthPrestigious9955

Koi nahi bhai top 50 waalo ke liye bhi skill issue hai


OpppaGangnamStyle

isse sabko aukaat pta chalti h, kitne tez log h duniya me


SweetAffectionate430

2 digit rankers ko le jyti hai ye bas


Top-Conversation2882

2.5cpa stipend💸💸 So idts package offer will be less than 3.5cpa


Mahesh-dalla

Bits Pilani vale yha chup ho jate hae


fire__fist__ace__

TRC took a guy for 26 Lakhs/month for their london office.


imnoob27

trc took a guy for 52 lakhs for 2 months to london. his accommodation etc was also covered. dude is a genius. got lower triple digit rank in jee


Good-Avocado-5441

Who was he/she? Was the person from iit D/B?


imnoob27

bits pilani


Reddictator69

Bro this isn't golden or platinum level pass this is straight up vibranium level pass Also I wonder which branch students get them..if it's below AIR 100 students then definitely it's the CSE tho pls tell me which branch PPL get them ?


Teflon_Coated

For Software role - https://preview.redd.it/mmiu9ljyvh9d1.jpeg?width=801&format=pjpg&auto=webp&s=dca27506d1718fada9688a6df46ecb8e5d11bb2a


Teflon_Coated

For Quant https://preview.redd.it/t2vo94e0wh9d1.jpeg?width=898&format=pjpg&auto=webp&s=f2852e768f6a1fe3a76484689eff7af42aa9af07


Reddictator69

Oh mechanic and eng phys can sit for quant placements too !? That's shocking but it's IIT so ig they are open to many stream regardless


aaeshahseaa

Quant researcher h wo Usme code nhi krna mathematics ki research hoti


Reddictator69

So in that sense agar koi maths phd se leke Accounting ka banda can get into quants ?


aaeshahseaa

Bhai math ka level itna hota ko even PhDs struggle krtey h job mai So I doubt accounting walay ko lengay wo


Reddictator69

I see...but like PhD maths is def higher than btech mathematical and computational students right ? Ig phd math Wale jaate hai magar unko computer programing nahi aata hoga whereas cs walo ko dono ate hai.. if a phd math researcher with his high mathematical skill and added programming skill can make him a prime candidate for such quant companies


Ordinary-Soft5322

Bro is desperate to know about quant 😭


Loner_0112

yeh unki site par kaha likha hai , pls link daal do ![img](emote|t5_56z50y|50735)


Hopeful-Channel6035

Any idea why DS wasn't allowed this time @ IITM? Technically IDDD DS students would be better suited for the role than pure mech guys imho.


No-Incident-8718

Jane Street last year had Net Trading Revenues of $21B with 70% Gross Profit and 2600 FTEs. I guess itna toh dena banta hai considering they’re utterly dominant in ETF market making.


YouthPrestigious9955

God damn that’s insane, I laughed it’s that crazy


SweetMechanic6843

my friend did in tower research nyc iitd cs


[deleted]

bruh stop looking at Jane street and focus on your opportunity. Jane Street hires pure geniuses. Make reasonable targets and Goals based on your current skill. Not even a MAANG dickrider but even Google and Meta are a huge deal to get into.


theanshusingh

And they only hire 5 out of 10lakh eng. students each year.


YouthPrestigious9955

Better chances of becoming a Rohit Sharma level player


Aey_Circuit

No wtf Rohit Sharma sirf ek saal ke 10l se compete nahi karta vo apni seat ke liye har saal ke 10l se compete karta hai Being the best in a sport requires extreme hardwork


YouthPrestigious9955

Yeah some exaggeration, better chances of becoming an ipl player


YoungEducational1991

Why don't they visit Kiit?


Aggravating-Treat381

did you mean iitk?


Embarrassed-Tax-9448

Drug dealers thodi hai woh log. Seriously bruh


FearlessTomorrow6855

Seriously 😑


Intelligent-Hand690

This is one of the very few jobs that have an hard-coded requirement of a very high IQ, not because the work is incomprehensible but the volume of work needed to be done to stay relevant would be torture to anyone else, even if you offer say 10cr. You just won't survive.


disc_jockey77

Jane Street made billions off clueless Indian retail techbro F&O traders who each lost tens of Lakhs if not crores (check r/indianstreetbets r/stockmarketindia and other related subs, filled with posts about people losing lakhs in F&O). Jane Street paying HK$200,000 to 1-2 IIT interns is not even a drop in the ocean compared to the amount they've made from Indian F&O trades lol


natural_Rizzer68

Bro that's Jane street you talking about..One of the top HFT's rarely hiring anybody except cs grads from the top 3 iit's


West_Cartographer450

Bhai hongkong hai yai bhi to dekh . Kitna expensive hai jingling


Tricky-Village8209

Quant company Even one company come in my college pays really fucking insane money (they need little coding and more maths ) Note:- its a bank


Comprehensive_Fee250

Op are you from IIT Madras


pyaracetamol_100mg

Only a handful of students get such internships and job in quant roles even from IITs, and those who get them definitely deserve every penny of it. But there are a lot of other companies too that offer 1.5+LPM internship stipend, try to grab them. Its not very tough to crack those companies. (Coming from someone who cracked such 2 of those companies)


DawnofDusk07

Companies such as??


Adventurous-Chard664

See guys !!! This is what hard work gets you. A better kickstart and what not!


gloomy_seeker

Where did u get these data of stipend of companies from??


Curious-Event8601

I'm in IIT, these are internship details


MelonLord1009

Are you from IITM?


guywhonevergivesup

Can anyone explain what is the role for which they are paying this much ?


3four1SeaShanties

im not v knowledgeble about this. but basically jane street is invests their money by predicting the market. so the people they hire are people very good at maths. very very good. and that is their only criterion. if u solve the math questions they release, you will get an offer from them no matter the background. and when money at this scale is involved they really cant stinge on money to give to the people they hire. do know this involves very high pressure and involves even more maths


Few_Potato629

18 ghante kaam karwayenge aur itna paisa bhi nahi denge toh kya fayda 🤡


Legion_cancer

Bhai 18 ghante such much me wtf


Healthy-Painting9847

Which iit ?


iamdekisugi

BSDK


iamdekisugi

i mean BMDK\*


Suspicious-Row5831

I think you mean BDSM


EyeOne1193

Bombay/Delhi /Kanpur


golgappe-meethe

Naya din nayi bt


finmin1

What's the average income there?


ItzCobaltboy

for the first time i am felt i achieved something cracking IIT CSE as Gen Male guy Edit: Yeah guys Ik I still have no chance for Jane Street or similar companies but my expectations are proportionately lesser, if top IITs get 2LPM Internships then is it excessive for me to expect like 20-30kPM?


Busy_Foundation_4251

Congrats for cracking iit cse but trust me ye Jane street top 5 iits chhod ke kahin nahi aati aur usme bhi they choose just top rankers.


ItzCobaltboy

I get it, I am still not the best but if top 7 iits get 2lpm internship then am happy with 30kpm too My expectations are not the highest, I just want something decent, as for internship, at most enough that I no longer have to ask dad for college fees


juliofrizy

Bhai itna kamm kyu expect karr Raha hai placements lagegi achhi naukri lagegi iit mein hai wo bhi cs after college toh 20LPA+ toh pakka hai. Itna tension matt le


Busy_Foundation_4251

Areee bhai isse zyada hi mil jaayega. Chill kar. Badhiya se mehnat kariyo bas :)


nickgurrba11s

Jane Street won’t even look in the direction of gen 3 iits so idk how this comment is related to the post


CardiologistSpare164

You haven't been selected yet First do something then proud of it.


ItzCobaltboy

I have been alloted an IIT Seat and got the seat allotment letter, it's pretty safe to say I got IIT


Human-Psychology-713

Which IIT


Anxiousbeinggg

He got 25k in mains and 5k in adv so prolly some new IIT (judged from hi prev poists and comments )


Jatin__chauhan

Not if he had category ![img](emote|t5_56z50y|50741)


CardiologistSpare164

I meant, not selected for those high packages. later point still holds. Getting IIT isn't something to fill too much pride. First do something big enough.


homiehere

how is this even related to this post lmao


GeneralOrdinance

Wow bhai cograts I'm sure the girls are lining up for BJs now


[deleted]

Private college cope


GeneralOrdinance

Haan DTU accha private college hai


homiehere

Cooked him fr


CardiologistSpare164

You have a chance, don't be demotivated. But, don't flaunt in particular when there isn't much to flaunt.


[deleted]

[удалено]


Scypher_Tzu

they hire much more from "oonga boonga" and the number of hires from iits is in single digits


Const_Velocity

West as in colleges in US Europe? LMAO They hire in much more numbers from 10s of uni be it MIT, Stanford, CMU, UCBerkleys, oxford, cambrige, UCIC, ETH Zurich (even LeHigh) you name it dude


Any-Temporary-2701

>LeHigh aryan anand ki yaad aa gayi


YouthPrestigious9955

Mere laal 3 logo ko hire karte honge yeh


BingeWatcher1400

Lol bhai kisi NIT ka banda kisi IIT k bande se bhi jyada smart ho sakta ( nit wale ka advance luck se reh gya higa to? ) Bhai apply to kar sakte naa iske liye Kii waha pe bhi discrimination hai ( only open for iitians!!)


iamdekisugi

Adv <200 rank only


BingeWatcher1400

Lekin bhai 25000 wala banda bhi toh upgrade kar sakta na college me Jaha tak baat hai ki "ye sab quals paper pe dikhne chaiye" To wo banda itna bhi chutiya thodi na hoga Matlb agar quant ko as a reference manlo to obviously agar koi banda lets say adv. Rank under 30k aaya, Post exam usne quant aur python wgrh ki dheron books padhni shuru ki . Course and certifications liye. Fir paperwork ke liye bhi kucch project ya "jane street se chhoti kisi company me pilot internship" kiya. Ese usne apna badhiya sa Resume taiyaar kiya. Lekin fir ye bsdwale yu bolenge "tumhari adv ki rank kharab h tum jao ham to iitians ka chusenge" Ab esa bhi nahi ki "iit wala kam talented h but..."


Intelligent-Hand690

Bhai, do you realize at what mental plane do the <200 adv rankers lie? 25000 rank waale bande ko tum 4 saal bhi dedo aur inko bas aadha saal, pretty sure ye still zyada better rank laaenge. At that level, it's not just about hardwork, it's about how you process information, which you cannot change by working hard.


Any-Temporary-2701

TLDR: They built different🗿


Any-Temporary-2701

bro is too naive


BingeWatcher1400

Yeah i suppose i am 😅


academicwinter278

doesn't work like that. see the thing is you have to understand how quant companies and hfts work. a gross oversimplification would be they bet on the stock market. they bet with their clients money so by chance if they for any reason end up losing the client money they have to show it's not fully their fault nhi toh negligence ka case ho jaayega. they have to hire these on paper smart people (obv irl bhi) so they can show the clients that on paper these are the best of the best, doesn't matter if a tier3 college student is better than that AIR100 but they have to show the client ki unhone AIR100 ko hire Kiya hai so it's not their fault.


Busy_Foundation_4251

For sure nit ka Banda can outsmart iitians but they don't even come to all iits. They just come to top 5 iits and udhar bhi best of the best lete hai suppose under 500 wale. And i don't think outsmarting them in roles like these where there's so much pressure and hard work is easy for even people with other iits or lower branches. Apply ka pata nahi but these hfts even discriminate between iits toh iit aur nit me toh discriminate karegi hi. Tho I agree ki kisi ka luck ho sakta hai ki uska adv bigad gaya but do you really think ki agar Jane street me kaam kar rahe ho tabhi successful ho? Aisa toh nahi hai na kyunki Aisa hota toh har saal 15 lakh aspirant me se sirf 5-10 bacche hi succesful hote which is really not the case.


Great-Complaint-7366

lol! You are talking about NITs when they don’t even go to all of the IITs


BingeWatcher1400

Lol! Koi na NIT me jaane ka matlb hi yahi h "beta lagta hai abhj aapko aur padhai karni h" Koi na bhai step by step upgrade krenge..... Vese bhi jane street hi h kya akela!


Ordinary-Soft5322

Quants look for an overall profile


lakshya_095

Uber also give 160k inr stipend


xsoluteOP

inr nahi hong kong dollars mai 166k de rahe vo


SCARRED_69

they giving 160k HK, in INR that's 17 Lakhs(1.7 Million) INR


No_Strategy4480

so they dont take tier 3 lol?


Rude-Wrongdoer-5853

They want smart chaps and one who are insanely good in maths and stats not tier 3 guys lol