We’ve analysed the career sites of 52 of the most prominent hedge funds and proprietary trading firms that employ quantitative investment strategies. This report does not seek to draw any conclusions about the health of the hiring landscape, or the impact of Covid-19, however, it does break down the number of open roles/jobs posted by location, job division and the changes in Q3 (July, August, September 2020).

 

 

Hirewatch-Q3-

 

>Stay on top of the Hedge Fund job market with GL for jobs

 

 

Open roles at the beginning and end of Q3

 

 

The total number of open roles at the beginning of July was 1082 compared to 1163 open roles at the end of September. The bar below shows a breakdown of open roles in each job function at the start and end of Q3 (not counting 'general submissions'). 

 

 

 

Jobs added versus removed

 

The below chart gives a breakdown of the number of jobs added vs the number of jobs removed per job function in July to September.

 

The most striking feature is in ‘Discretionary Trading and Investment’ where only 34 jobs have been removed compared to 81 jobs added. The only three job functions where more have been removed than added are: ‘Infrastructure’, Quant Development’ and ‘Support Functions’ (compliance, operations, finance, HR, Admin). The job function with the least difference between jobs added and removed is ‘Execution’.

 

 

 

 

 

 

 

Top 10 hiring firms

 

The top 10 most active firms in Q3 by number of job postings are:

 

 

 

Who’s hiring

 

The most active hiring is taking place across Software Engineering, Quant Investment & Trading and Support Functions (compliance, operations, finance, HR, Admin). The table below show the top 5 firms by job positing in these job functions.

 

 

Where are firms hiring?

 

The pie chart below shows where most jobs have been posted in Q3.

 

The location where most firms are hiring is, needless to say, the US. For ‘Production Support’, Asia and Europe is also a particular hot spot and the same goes for ‘Support Functions’. As the only exception, Risk & Pricing is more needed in Australia and Europe than the US.

 

The table below the pie chart shows a breakdown of job functions.

 

 

 

 

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Notes for the report

 

The figures were captured from the career sites of the below firms between 1 July – 30th September 2020.

 

It’s worth noting that not every firm posts all of their open roles on their career sites so the actual activity and/or number of live roles may be different. This report only seeks to analyse the publicly available information.

 

We will also caveat that just because a role was removed does not necessarily mean that it has been filled although it’s reasonable to assume that if somebody has taken the time to upload or remove a role there is a reason behind it.

 

 

 

Firms analysed

 

1. 3Red


2. Acadian


3. Akuna


4. Allston


5. AQR


6. Aspect


7. Balyasny


8. BlueCrest


9. Cantab


10. Capital Fund Management


11. Capula


12. Chicago Trading Company


13. Citadel Investments


14. Citadel Securities


15. Cubist


16. DE Shaw


17. DRW


18. Engineers Gate


19. Epoch Capital


20. Flow Traders


21. Gelber


22. Graham Capital


23. GSA Capital


24. GTS


25. HRT


26. IMC


27. IPM


28. Jane Street


29. Jump Trading


30. Liquid Capital


31. Marshall Wace


32. Maven


33. Millennium


34. Optiver


35. PDT Partners


36. Peak6


37. Point72


38. Quantbot


39. Quantlab


40. Qube


41. Radix Trading


42. Schonfeld


43. Squarepoint


44. Susquehanna


45. Tibra


46. Tower Research


47. Two Sigma


48. Virtu


49. Volant


50. Winton


51. XR


52. XTX Markets