Hi, I'm physics postdoc interviewing at the moment with a (reputed) hedge fund / market maker, and I am realising now (mainly checking LinkedIn) that some companies are mainly hiring PhDs in their quantitative research teams (eg. SIG/DRW/DEShaw/TwoSigma/etc..) while some other firms have a majority (or at least a lot) of non-PhDs in their quant teams (eg. Optiver/HRT/JaneStreet/Virtu/TowerResearch/CFM).
Is there any reason for this? From an outsider point of view, the percentage of PhDs does not seem to correlate that much, if at all, with the success of an HFT firm. But the culture may be very different? Since the firm I am talking to is mainly hiring non-PhDs, that is worrying me slightly... Any thought or advice?
Is there any reason for this? From an outsider point of view, the percentage of PhDs does not seem to correlate that much, if at all, with the success of an HFT firm. But the culture may be very different? Since the firm I am talking to is mainly hiring non-PhDs, that is worrying me slightly... Any thought or advice?