Quant Trader Salary in India | How to prepare for Quant roles
ฝัง
- เผยแพร่เมื่อ 16 เม.ย. 2022
- In this video I have talked about some of the best quant firms in India, their salaries and how to prepare for them.
www.quadeye.com/
www.gravitontrading.com/
www.alpha-grep.com/
www.worldquant.com/home/
www.tower-research.com/
All the preparation resources are mentioned in the video.
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Follow me on Instagram: / shubham__cr7
Backstory: Tier 2 college student, came across this playlist a year back. Got so motivated that i got hooked to this domain. Prepped on Puzzledquant for a year, applied on all the top firms and hell yeah got an offer of 1.2cr a week ago. Blessed to have come across this video.
Bhai please please tell what to do how to proceed what you have studied and how to apply offcampus
congrats broo keep up that good work :)
hi bro,if u are comfortable,can you give your any social handle?i won't take much of your time.
How much is 1.2 cr? Internet said over $150k
@@chiomaobunadike3313 yeah around that only
No bullshit , straight to the point video. Thank you sir for the deep insights.
Thanks a lot!!!
@@CodingInterviewPrep Q1. You said you lacked quant experience. Can personal projects in quant-space count ? Could you recommend some projects ?
Q2. Since the bar is so high, would you recommend do masters in finance from Europe, or MBA Finance ? Can that help, other than working for companies like DE Shaw and Goldman Sachs ?
Q3. Do you have any examples of Quant people from Tier 2 colleges ?
Q4. What about firm like AQR capital ?
💯
I don't know how it happened, call it coincidence or what but i am also working at de shaw and recently i starteedtaking interest in quant role and therefore i came across your video. Glad to know about your experience and valuable info you shared. Hopefully it will help me a lot.
the name of the channel is like every random guy on youtube but content is so top notch that it's unbelievable, glad I found this channel.
Your channel is very underrated bro. Plz keep posting videos on Hft companies and other software companies and startups also ,apart from quant companies, as it is very helpful for me
👍
Thanks for your insights.
Thanks for watching
one of the company hired 3-4 people(all cs) from iitb for quant role in pre-placement ... 3-4 cr package and they go to hongkong or any other global financial centre
Q1. You said you lacked quant experience. Can personal projects in quant-space count ? Could you recommend some projects ?
Q2. Since the bar is so high, would you recommend do masters in finance from Europe, or MBA Finance ? Can that help, other than working for companies like DE Shaw and Goldman Sachs ?
Q3. Do you have any examples of Quant people from Tier 2 colleges ?
Q4. What about firm like AQR capital ?
4:25 that's just base salary, or do they get large bonuses like they do in india ?
Your videos are very helpful 👌 for me😎, thnx 🌈
I think you also asked about work life balance(got notification in the app).
The thing is I don't know about it because I've never worked as a Quant Dev. But to be honest if I was paid that kinda money I wouldn't really care about any work life balance.
@@CodingInterviewPrep i agree work life balance is a shitt until one is satisfied with his/her success.
Thank you so much for this valuable video and I really appreciate that. May I know how can I become a Quant Analyst or you say Quant Researcher? Can you share the name of any platform or website where I can learn Quant. I'm interested in this. Please help.
I am a 36, working as Electrical Engineer (Gov.Job). Can you please guide me how can I switch my career in quants.
Bhaiya How much Competitive Programming is required for Quantitative trading roles?
Sir any MCA (Masters in Computer Application) graduate who had worked with google in C++ teams can apply in HFT companies for quants role
Do we need to be good at competitive programming
😢😢😢😢vhai age matter karta h kya mai 25 ka age me btech complete hoga regiona partial dropper failure and class 8me 1years gap tha
I am studying in bsc economics..i want to study msc economics quantative economics...how I can get in quant trading industry..or quant research er please give me path
I am in IIT with economics, and hope this will be useful for intern prep
Good luck 👍
Bombay/ kanpur / kgp bro ?
They take only Btech bro. Sad but true. These quant companies does not even look at people other than BTech.
@@sherklokholmes-er4mw humare yaha msm or applied maths ke liye bhi open hoti h which is non btech
@@mlkgpta2869 ho sakti hai but leti hai Btech ko hi. Kabhi kabhi unko bhi nehi leti .
Sir quant companies also hire from NITs ?
I am from data science and statistics 1 St year student from IIT Madras is a machine learning intership mandatory to get. A job for quant profile
Please give the range of sre salries in these companies?
what are you using manacher algorithm for?
Hi, I have around 3 years work experience in Finance domain and no tech background. But I am really looking forward to study Quant ever since I heard about that. Absolutely no Idea where to start as I can see not many institutes teach that India. Also need a lot of technical knowledge. Please can you guide how and where to start. Much appreciate the time that you take out for this 🙏
The resources for building expertise in Quantitative trading are scattered across internet and different books. There's no single book or website which you could just refer for Quant. For beginners you could read and practice the things which I have mentioned in this video.
can you make some videos on Europe quantitative firms ..
I had already created a video some time back th-cam.com/video/k0-L_ddKfss/w-d-xo.html
Any international universities that are not competitive as IIT, but quant firms hire?
sir please guide like a boy in first year of college wanted a job in this so what pathways should he follow
we cant jump directly reading books and sloving puzzles. i think thats not right
sed even i dont know coading right now first i learn . sir please make the way for me
👍
I am a discretionary trader working in a prop desk and wanted to switch to algo trading i just wanted to know the skills required for it as in is python enough or c++ is also required and is there any specific course or degree which will be more than enough.
@Shubham Kamerkar aapse kuch doubts clear krne the aapse kaise contact kar skta hu
Trading teams hire for various roles. Some of them require very good knowledge of C++ and CS theory subjects like Quant Dev, Low latency Dev, Algo Engineer etc. Other roles might not require C++ knowledge and Python may be enough.
Is java good for quant roles or i have to code in c++ itself also can I get into quant after doing mtech from anytop iits cse?
No HFT firm uses Java for Quant development.
Hello sir, I am currently pursuing BBA, but I wish to be a Quant researcher. So What do I need to do to get into Quant researcher role job as a BBA student ?
They hire PhD or master students from maths background
Phd in quant subjects like physics, maths
Hi,
Is the Option trader role/ Derivates trader role and Quant trader role the same? And how are they different from Quant researcher. Pls looking forward to your reply ... Also, is salary consistent among the three trader roles I mentioned?
Options, future, equity are different asset classes. You can say that derivatives trader, equity trader, FX trader are subcategories of Quant trader. A Quant trader might specialize and only trade in 1 asset class. One can be equity trader. Another guy can be a derivatives trader. One trader might also be trading multiple asset classes.
Hello....do they hire for Data Analyst post? I have 1 yr experience in Data Science field.what is the salary range for DS roles? Also do Quant firms trade in derivative segment?? Do we have to learn about Derivative trading?? Idk much about Derivatives
Every top Quant firm trades in the derivatives market. Derivatives is a complex subject. Even after spending 4 years in finance I don't think I fully understand them. So yeah if you know about derivatives is good. If you don't it's not a big deal.
sir, Im pursuing M.Tech CSE from IIT delhi, qualified GATE this year and took admission. Preparing for Quant profiles. Do HFTs take post grad students ?
Did you find an answer ?
which quant earns highest ?
quantitative analyst vs quantitative researcher vs quantitative trader vs quantitative developer vs quantitative strategist
No idea.
bro can a non iitian also land in these type of jobs because in there carrer section they mention undergrad from top tier college
Yes.
How???
How??
I will create a detailed video for it sometime.
Hey, could you disclose the rest of the material, since I have completed a good chunk of the first 3 books. In the end, it turned out to be medium-hard (but not super hard). But I won't take credit for it, and I have only my JEE instructors to thank!
What was ur jee rank?
@@madara7305 Not worth saying.
@@tirthasg So u in college RN or what?
@@madara7305 I have graduated from a very good non-IIT
@@tirthasg Fir bhi konsa college , aur abhi kha aur kis cheez pe kaam kr rhe ser.
Sir , do a mtech student in IIT Bombay can get any chance for these HFT firms?
Please ask thi question from IIT alumni and placement cell folks. I am not an IITian and hence I'm clueless about this.
Please don't call me Sir!
Sir, u have forgotten the major one Nk securities
Yes. I know. I covered it in a separate video 👇
th-cam.com/video/QMDnrlQizsA/w-d-xo.html
I have been teaching quant since 12 years
Good to hear
roadmap to become a quant trader??
get into iit
Voice low use mic
Hello bhaiya im first year NSUT student (hope you know the college being a dti student 😅). My branch is non-tech but i want to join hft companies like tower-research as an SD/quant guy. I want to ask if i try off-campus will i have any chance if my skills is equal to an CS undergrad.
No
No
Aur hn bc nsit Wale yha kuda mt failao
Its tough. You can try thou.
Nope
How does a TIER-3 CSE student in Bangalore apply for roles in quant? I am in my third year of engineering, and would love to know if you could share some tips?
U can't
you cant
@@anaysingh-iitdelhi8955 who told don't demotivate him there are lot opportunities actually if coding skills are there he can ( not indian companies) but abroad companies like Jane street ,optiver and many hundreds of companies are there they give 150k dollars to 200k dollars that's pretty huge
@@deepakreddy1429 i didnt demotivated him I just answered his question , I had no such intention
@@deepakreddy1429 Jane Street and Optiver only hire fresher candidates from IITs and the count is very low as well. The guy who has joined Jane Street this year was AIR-3 in JEE Advanced and is AIR-1 on Codeforces.
And Optiver's interview is so hard and the bar is so high for Freshers that even top IIT CSE folks get rejected there even after impressive performance in the interview. Apart from that Optiver fires a lot of freshers in their first year itself of their performance is not upto Optiver's standard. And trust me the standard is very high. I mean you are working with some of the best Mathematicians and Programmers in the world.
TRC hires for quant roles not of sde from iiits?
I am not aware about this
No of working days in week in these companies???
5
1.I want to be be a future quantitative trader or researcher which degree will be better for me?
Cse or mathematics and computing
2. How is preparation for sde different from a quant role?is coding important for both??
What can be the ideal roadmap for a fresher in iit of mnc/cs branch for quant roles?
Plz reply or make a video and address these three questions...There are rare videos of these topics in India
1. CSE from top IIT
2. Maths and puzzles are asked a lot in Quant interviews. They are less common in SDE interviews.
Bhaiya i am doing BS Online Degree from iit madras so I am eligible??
I am doing in computing and data science
Bro u should avoid that online degree its extremely redundant and it is of no avail in the future
Are they IIT specific? Or like other tier 1 college students can also apply? Would the salary breakdowns be equivalent for both category students?
Yes other tier 1 colleges (like IIIT Hyd) folks have also cracked these companies. I don't know whether salaries will be at par with IITs or not.
@@CodingInterviewPrep i am grad passout 2021 at NIT EE , i have gone through alot of profiles and companies for quant /similar roles , does high cpi/cgpa is must and most of them like we're only looking for iits (as seen inprofile) but i guess i can do entry level quant profile as per thier JD .
Can ISI kolkata be considered as a tier 1 college?
@@AnkitKumar-vq7gxBe a tier 1 deserving guy..though ISI Kolkata is a decent institute
@@AnkitKumar-vq7gx Yes
what about jp morgan?
JP Morgan quant is way below these companies.
can teir 3 college student get chance in these companies??
Very unlikely
Not at all
Can a non tech student come in this industry ?
Lot of traders are PhD Physics, PhD mathematics etc. It's not necessary to be a computer science major in order to become a trader but you should at least be able to code in C++ and Python and have knowledge about data structures and algorithms
Hi, I am from IIT Kharagpur 2015 graduate and 7 years experience in Goldman Sachs technology role. I want to switch my role into Quant. Can you tell me what I should prepare for this experienced role?
Hi Sayanti! At your level of experience quant interview format varies a lot from company to company. For top firms it might be insanely hard as well. You need to know a lot of statistics and probability. You should be very fast in solving algorithmic challenges and puzzles.
Also some companies have an interview format like they will explain you a Market making or some other strategy and then you have to play game against them according to those rules and take positions to make profit or at least maintain a neutral position. Past experience helps a lot.
Hey do mtech in cse in iitd and iitb get jobs in these hft institutions
For core engineering roles: Yes
Trading roles: Probability is less. They prefer BTech from IITs
@@CodingInterviewPrep Sir M.Tech are allowed at all? If we have a good profile is there possibility? Asking about Trading Roles
@@sabujmaity5427 its very tough ....these firms want the top talent which they get in the UGs of these colleges as they had cracked JEE with good ranks which matters in HFTs, and PGs in IITs don't have good JEE ranks mostly
@@arpanchaudhary7470 Oh but after few years of experience we can try right ? Or is it hard and fast rule they are gonna hire UG from IIT only
@@sabujmaity5427 even with work ex they would hire people from top IITs with great JEE ranks, that's their strong hold criteria....nthin can replace that.
Can a Chartered Accountant & Cost & Management Accountant get this job ?
Definitely no
I think Accountancy and high frequency trading are 2 completely different games. Although if you are really really good at Mathematics then who knows you might be able to get this job.
Will a Masters in Mathematics from IIT Delhi help? Or is it just for engeenering students?
Not open for m.techs or msc, only open for btech or dual degree :(
@@aviralarpan7350 you mean mca student cant sit in the interview? they have to opt for phd right
Hello sir
I have doubt you are iitian???
Arey nhi yaar.
AIR - 2232 in Jee Advanced.
Aise Zip code jaise AIR valo ko top IIT nhi milta bhai 🤨
Hey sir ! I'm a first year nsit student is there any way we can get an opportunity get interviewd for qaunt roles for foreign companies such as Jane street, citadel and India companies too if I have good credentials + ICPC WF and good recrearch work in that field. It was seen that Graviton came to IIIT-A this year for trade analyst, I don't know why there is so much of discrimination, though package offered was above 1cr only. And same is with TRC they come to different colleges but never hire for Quant role, but only for sde role, why is that so and is there anyway we can initiate a process from within the company to switch teams ? thank you
For Jane street, Citadel try to get the referral. Also keep your LinkedIn updated. Their recruiters generally reach out to people on recruiter (they have contacted me a couple of times).
For quant roles, openings are less and companies already fill them by hiring from IITs. Hence they don't visit other colleges.
@@CodingInterviewPrep wait you got a offer from jane street or citadel for quant role ? last question If I go for a ms in some lets say ivy's, do I have a chance to get into these foreign firms?
and pls tell me one more thing if I make to ICPC finals would these companies find interest in me because a lot of people in these companies are icpc world finalist
I did not get a offer from them. Citadel's recruiter had reached out to me last year because they had some open positions. At that moment I had already joined Tower so I decided not to interview for them.
Just send referral requests to people even if you don't make it to ICPC finals. Don't think about whether company will show interest in you or not.
Regarding ICPC World finals, I personally think that it is a very big achievement to have and usually quant firms show lot of interest in it as their target is always to hire the top talent.
Can an MCA fresher from NIT get this job???
I don't know
Not at all
@@arpanchaudhary7470 & what if I get some certificate courses like CFA or CPFE???
@@whatsappstatusvideo5691 still no chances bro
HFT Don't hire from anywhere else at all
@@arpanchaudhary7470 from where exactly they hire bro??? & what should be the qualification for Quant? & which institutional certificate does they want???
Sir, can a student from a third tier college get this job after having internship in top company and having great coding skill? If not after graduation, then which companies should he target first and gain experience to finally get a job at these companies
Please reply sir
Nope, HFTs hire only from top IITs top branches...they are highly specific for the top JEE rankers.
@@ub_0108 hey can we connect on linkedin ? I also applied for intern position at one of the HFT and got test link from them .
@@arpanchaudhary7470 they take u for software roles
@@rishbahpandey8697 that is also highly highly unlikely and just too tough......only possible if u have some strong reference
@@arpanchaudhary7470 i see many sde from IIIT,BITs in HFT
is btech compulsory to be in these companies??
I'm not sure about this.
Can a BCA(3 year CS degree)
graduate get into quant roles without masters degree ?
I really don't know man!
Lol no
@@arpanchaudhary7470 😂
@@pawangope3297 even IIT Bombay CSE students don't get that job.
@@VishalMaurya LOL
how to apply for hft firms from iiit?
Many IIIT Hyd folks work at HFTs. I think some HFTs also do on campus hiring there. You can check with your placement cell
@@CodingInterviewPrepIs this on campus or off campus?
Hi Shubham - Thanks for putting this together and sharing! Watched this and other prep video of yours.
Question:
You've mentioned multiple books (combined >10 books if we count programming, maths, system design etc.). My guess is these books are to be used selectively and not entirely. Can you please share the topics to refer from each of these books? in a different video or in comment here - whatever is easier for you.
Thanks in advance! :))
Lot of important topics are there. Too much effort to type all of them here 😅
@@yogeshmishra2940 karta Hun yaar kisi din
@@yogeshmishra2940For C++
Templates, smart pointers, OOPs, move semantics and multithreading are extremely important
@@CodingInterviewPrep sir can you make a video for this ?
Can you check out this video which I created today: th-cam.com/video/vhjQtxzH9GM/w-d-xo.html
due to lack of maturity and awareness i missed my chance to get into IIT but i will make my self so skilled that even if i go for btech in Tier 3 i will try to become a good quant in these firms cuz i got insterest in this and i believe strong determination and hardwork can make anything possible.
But they hire from top iits
Yeah. But you could still get there after gaining some experience in some small/mid sized trading firm. Also the quant firms in Europe don't really care about your college tier and are way better than these companies. They have very strong market presence and also offer much higher salary and great benefits. Try for them.
Europe quant firms video link: th-cam.com/video/k0-L_ddKfss/w-d-xo.html
@@CodingInterviewPrep sir from iiits can they hire like iiit Hyderabad iiit allahabad....if not then can you tell about people who got hired as freshers in these Europe based firms
Tower does hire from IIITs. I do not have idea about other firms.
@@CodingInterviewPrep i've seen people from iiit in alphagrep, but idk whether that's off or on campus
Hey Shubham!
I've been trying to get in touch with you but your instagram link isn't working. How can I get in touch with you?
I'm inactive on social media so you can ask here whatever you wanna ask.
Thanks so much for the info…. Are you on LinkedIn..? Would like to connect
I've received your connection request (saw an email from IinkedIn). I'll accept it when I login next time. I'm rarely active on LinkedIn.
U are from IIT bro