A first seat, not a training program.
The firm’s graduate entry, across five tracks. Associates carry a defined piece of work from the first year and are accountable for it.
The distinction from the summer program is not seniority, it is scope. An associate is given something the firm would otherwise have to do itself, and is expected to own the reasoning behind it — sized, reviewed, and attributed like any other position the firm holds.
Tracks are quantitative in the sense that the work is specified before it carries capital, not in the sense that a model decides. The firm has no interest in a strategy nobody in the room can explain.
Open to master’s and doctoral candidates. The track matters more than the field: the firm has hired out of physics and statistics as readily as out of finance.
Tracks
5Quantitative Research
Signal construction, and the statistics that decide whether it held.
Systematic Strategy
Strategies specified as rules, and the evidence they are not artefacts.
Derivatives and Volatility
Pricing, hedging, and the surface underneath both.
Execution and Market Microstructure
How an order reaches a market, and what reaching it costs.
Portfolio Construction
Allocation across strategies, and the correlation assumptions it rests on.
Questions about the program, or interested when it next opens? [email protected]