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Great for quants, bad for tech

Software Engineer
Former Employee
Worked at Squarepoint Capital for 2 years
July 14, 2019
London, United Kingdom
2.0
Doesn't RecommendPositive Outlook
Pros
  • Good profit growth
  • Interesting projects if you are on the right team.
  • Ability to invest into the fund if you are a quant
  • Large bonuses if you are a quant
Cons

The below concerns the tech side only!

  • A lot of people seem to do nothing; inefficient communication between teams; teams split in a siloed way and isolated from quants.
  • Really bad bonuses regardless of the performance. Even big banks pay more.
  • Tech workers have the same restrictions as quants on personal trading, and resignation notice but no way to invest into the fund and no garden leave.
  • In many cases there is micromanagement which gets in the way.

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