Careers at Jane Street

At Jane Street, we recognize our employees as our single greatest strength. Recruiting is one of our highest priorities, and consequently Jane Street actively recruits superior candidates from top universities who have the drive and ability to help us achieve our goals. Current employees of the firm have graduated from such schools as Cal Tech, Carnegie Mellon, Columbia, Cornell, Duke, Harvard, MIT, Northwestern, NYU, Princeton, Stanford, The University of Chicago, The University of Pennsylvania, Tufts, UVA, Yale, and the Indian Institute of Technology. We're always looking for top talent, and encourage interested individuals to contact us.

Currently, Jane Street is hiring Assistant Traders, Quantitative Researchers, System administrators, and Programmers.

All employees receive highly competitive salaries, full medical and dental insurance, access to the firm's tuition reimbursement program, and access to an excellent 401(k) plan.

Jane Street is an equal opportunity employer.

Trading

Jane Street is looking for candidates to become Assistant Traders, who enter our training program and eventually become desk traders or floor traders on the American Stock Exchange, Chicago Board Options Exchange, or Chicago Mercantile Exchange.

Job Qualifications

The ideal candidate meets the following qualifications:

• A degree(undergraduate, masters, or PhD) from a top university.
• Has excellent quantitative skills, with a strong understanding of probability, statistics, and other advanced mathematics.
• Can communicate effectively with other Jane Street employees in a close-knit team setting.
• Is extremely motivated, competitive, and eager to learn.
• Can address and solve new problems quickly without being distracted by the often-hectic trading environment on a busy desk or floor of a major exchange.

If you believe you meet these qualifications, and are interested in learning more about a career at Jane Street, see if we’ll be visiting your college or university by checking our recruiting schedule.

Career Path

One of the many factors which makes Jane Street stand out from other trading firms is its commitment to professional development. Jane Street employees typically begin working for the firm as Assistant Traders, assisting more experienced traders during market hours by checking and hedging positions, researching new trading opportunities, constructing models to evaluate and price derivative securities, and executing trades.

After market hours, Assistant Traders attend classes several days a week in game theory, programming, mathematics, decision theory, and option pricing theory, learning directly from senior traders and senior management with many years of industry experience. Employees also participate in simulated trading exercises, where more experienced members of the firm can evaluate and comment on their performance. The Jane Street education program trains new employees in both the mechanics of trading as well as the mind set and critical thinking required to trade effectively.

Jane Street is a meritocracy, where career advancement comes quickly with professional excellence. When Assistant Traders attain a high level of proficiency in both trading theory and practice, they are promoted. Even after becoming full traders, employees continue to attend theory classes and mentor with more experienced members of the firm. Traders are also encouraged to attend relevant classes in finance and mathematics through the firm's tuition reimbursement program.

Quantitative Research

The Quantitative Research department brings cutting-edge technologies and powerful computer systems to the task of analyzing, optimizing and discovering new trading strategies. We're looking for people with a practical mindset and strong mathematical and programming skills.

Job Qualifications

We want people with:

• A strong mathematical background, including a good understanding of probability and statistics, calculus, algorithms, etc. We draw on ideas from everywhere we can, so broad interest and experience in a variety of scientific fields is important.
• A well-rounded programming background. We use a variety of programming languages, from C++ to python to ocaml --- so we need people who are comfortable learning new programming paradigms. Many of our systems are built in ocaml, so experience with ML or other functional languages is very useful. Applicants should have a strong UNIX background, and should be good at reasoning about the way computer systems work.
• A commitment to the practical. The quantitative research department is tightly integrated with our trading operation, and we work very hard to keep our analysis relevant. One of the big attractions of our work is the opportunity to apply serious ideas to real-world problems.
• Great communication skills. We need people who can explain things clearly and cogently, who can read dense academic papers and write clear documentation.

Career Path

Quantitative Researchers, or Quants, are tightly integrated into the trading operation, and have a similar career path. Employees typically begin as Assistant Quants, dealing with systems administration and basic programming tasks as they get the hang of our systems and learn more about trading. Quants attend classes and seminars in order to further their professional development. Assistants who attain a high level of independence and display a strong understanding of trading and our analysis techniques will be promoted. Further education is encouraged, both through the classes we offer and through classes offered at nearby institutions.