Old Mission Micro Internship Program: A Deep Dive
Old Mission is a financial firm that emphasizes learning and collaboration, offering a unique environment for individuals seeking to build a successful career in the financial markets. Transparency, openness, collaboration, and intellectual humility are integral to the company's DNA.
Learning by Doing: The Old Mission Philosophy
At Old Mission, the belief is that the best way to develop skills and a successful career in the financial markets is through "learning while doing." This approach allows individuals to gain practical experience and apply their knowledge in a real-world setting.
Flat Hierarchy and Accessibility
Old Mission fosters a flat hierarchy, where ideas are valued based on their merit, irrespective of the employee's tenure. This structure encourages open communication and allows individuals to contribute their insights freely. The accessibility of team leaders, including the firm's founders who are present on the trading floor, further promotes a collaborative environment.
Investing in Talent
Old Mission recognizes that investing in talented people is a valuable strategy. The firm provides resources and opportunities for individuals to grow and develop their skills, contributing to their success and the company's overall performance.
Comprehensive Educational Program
Old Mission offers a world-class educational program for all employees. This program provides a foundation of knowledge and skills necessary for success in the trading industry. However, the company emphasizes that the most valuable learning experiences occur on the desk or through informal conversations within the office.
Read also: The Story of Universal Bakery
Key Elements for Success
Old Mission believes that success in the trading industry requires a combination of factors: elite classroom education, mentorship, and the opportunity to experiment in a production environment. By providing these elements, Old Mission aims to equip its employees with the tools they need to thrive.
Additional Information on Quantitative Internship Programs
For those interested in quantitative internships, here's a compilation of notes about various firms:
- Fully Systematic Firms: These firms rely heavily on automated trading strategies.
- Bridgewater Associates: Founded by Ray Dalio, known for its unique culture and interview process.
- Citadel: A trader-led shop with a strong presence in the market-making space.
- Citadel (Hedge Fund Side): The hedge fund side of Ken Griffin's Citadel, with quants primarily on the Global Quantitative Strategies team (GQS).
- Point72: The quant arm of Steve Cohen's Point72 hedge fund, known for its selective recruitment from top universities.
- DRW: Known for a good work-life balance (WLB), but teams may be siloed.
- IMC: Based in Amsterdam, offering SWE roles. US internships are for traders, with a primary focus on ETFs. Pay may be lower compared to IMC and Optiver.
- Optiver: Also hires people outside the US.
- SIG: Another options market maker.
- Ansatz Capital: Founded by ex-Citadel employees, willing to pay more than most competitors. Max Dama works here.
- HRT (Hudson River Trading): The Algo Dev role is essentially Quantitative Research. HRT's culture is similar to JS, with a strong focus on ML through HRT AI Labs.
- Jane Street: Known for a chill, tech-like culture, specializing in ETF market making and using OCaml as its primary programming language.
- Jump Trading: Founded by ex-SIG employees, more school-agnostic than other firms. Known for a comfortable and nerdy culture.
- Rentech (Renaissance Technologies): Very engineering-focused with siloed teams. Takes 4 total for a winter internship. Very trader led.
- Millennium Management: Founded by Pete Muller, known for a collaborative and secretive culture similar to Rentech. Recruits college students for mainly SWE but some SWE/QR combo roles (dependent on team).
- Akuna Capital: The internships are geared towards women.
- Radix Trading: Founded by ex-Citadel employees, calls SWEs Quantitative Technologists.
- DE Shaw: The legendary OG quant fund.
- Susquehanna International Group (SIG): Has a huge poker culture. Fairly chill culture but pay tends to be on the lower side, especially for SWEs.
- Tower Research Capital: Perception ranges anywhere from JS to RenTech tier. Extremely trader led.
- ExodusPoint Capital Management: Founded by Ex-Millennium people.
- Tudor Investment Corporation: Focused on macro trading and discretionary strategies. Known for its founder, Paul Tudor Jones, and its emphasis on research-driven approaches. Mix of quant and discretionary trading styles.
- Two Sigma: Founded by ex-DE-Shaw people. Collaborative and chill culture.
- GSA Capital: Branched out of GSA capital.
Read also: Understanding College Calendars
Read also: Key Considerations for Scholarship Missions
tags: #old #mission #micro #internship #program
