What do prop firms like to see?

Seandalberg

New Member
Getting my BS in mathematics and I've been meticulous in my course selection.

I'm trying to choose a grad school. UChicago, UIUC, and Baruch are obvious choices. But are there any other programs I should include in my list of apps if my goal is to maximize my chances of getting into a prop shop?

Also, do you think they'd like an applicant from a different sort of quant program such as Duke's master of quantitative financial economics?

Thanks!
 
Last edited:

Onegin

Active Member
C++ Student
I can't speak to prop shops, but here's a good starting point . . .https://quantnet.com/mfe-programs-rankings/

Also, it's not clear the 3 you list would be the 3 most obvious for me. One of those, definitely, another, potentially, but the third has a solid but not stellar reputation. . .
 

Seandalberg

New Member
Thank you. Yeah I've been through the rankings. But I also know prop trading is hard to get into from any school so I'm trying to tailor a bit. I assume you speak of UIUC. I mentioned them because they seem to have at least a few go into prop trading every year, and you don't see that in every program. Being near Chicago can't hurt.
 

quantsmodelsbottles

Active Member
From my experience prop firms are more concerned with how smart/quick you are, and there's less focus on pedigree. Not that that isn't important somewhat but the most important thing is passing their coding challenges/brainteasers/interviews.

UChicago is probably the best out of the three you listed, not to mention it gives you proximity to the myriad of Chicago prop firms.
 

IntoDarkness

Well-Known Member
most top prop shops hire smart undergrad. interview is usually loaded with brain teasers and probability questions. they also throw in concept you may not know and try to see how you respond by relating it to things you are familiar with
 

Simon.ZY

Member
UChicago definitely gives you the best chance if you want to get into a prop shop. Location is the key.
 

Seandalberg

New Member
Yeah thanks guys. Chicago is my first choice. If RIsk.net is any indicator, their acceptance is reasonably high (17%). And given that probably 20-30% of those denied don't meet the base prerequisite education requirements, with the right coursework and some hard work, I should be able to get a decent shot at them.
 

Onegin

Active Member
C++ Student
Good luck! Is Chicago the best place for prop shop recruiting because there are more prop shops in Chicago, or the curriculum is particularly well suited?
 

Seandalberg

New Member
The curriculum looks fairly bomb, dude. They have a class SPECIFICALLY for quantitative forex strat which is something I'm particularly interested in. Kind of a unicorn.
 

HowDerivativeKL

Member
C++ Student
Location is pretty irrelevant. They give you online assessments then Skype/phone interview. All the advanced concepts you learn in grad school aren’t really covered in the interview. They just test brain teasers coding and probability. They only care about how smart you are and for some companies your coding ability.
 
Top