QuoteOriginally posted by: LTrain >> I just got a phone interview request for the Bloomberg interest rate >> derivatives quant internship. I was wondering what types of questions I >> should expect on a phone interview.Internship?? Means you get the privilege of working at slave wages AND the opportunity to fetch coffee in the morning.Does the fact that Bloomberg has some top names in their quant team mean any thing to a new member joining their team in terms of learning experience ? I can see why people are being so critical of Bloomberg pay, but surely there must be some incentive of working a research environment like what they have ? Any comments welcome.

QuoteOriginally posted by: EscapeArtist999Chaotic, is it at least a 9-5 job for that kind of money?Well from what I know so far, it is more like 8-6...but weekends are free.

QuoteOriginally posted by: chaoticramblerQuoteOriginally posted by: LTrain >> I just got a phone interview request for the Bloomberg interest rate >> derivatives quant internship. I was wondering what types of questions I >> should expect on a phone interview.Internship?? Means you get the privilege of working at slave wages AND the opportunity to fetch coffee in the morning.Does the fact that Bloomberg has some top names in their quant team mean any thing to a new member joining their team in terms of learning experience ? I can see why people are being so critical of Bloomberg pay, but surely there must be some incentive of working a research environment like what they have ? Any comments welcome.I do not know about their Quant team, but in their IT team C is the main programming language. All their internal api are basically written in C and most of their server apps used to run on Solaris. Also one must learn GTK to develop screens for their terminal. If they use the same technologies in their Quant team, then be prepared to spend most of your time on learning and debugging. It is very difficult to leave after few years in their IT, because banks don't want to hire for your programming skills. But the working environment is very relaxed compared to banks and it is reflected in their pay.

QuoteOriginally posted by: EEGradOne of my PhD CS friend was offered 100k+15% at Google+(1400 :350/year)stock options, which are now not that great due to the soaring pricesMy Google contacts tell me that (1) They got 25% bonus even though their target was 15% for the last 4 years, and (2) their underwater options were reissued in March 2009 at $308 strike with a new 4 year vesting period. At today's stock price your PhD CS friend has more than $400,000 worth of options vesting between March 2010 and March 2013. That is an automatic $100k bonus for the next 4 years. These numbers are quite a bit better than the ones I posted. Looks like Google pays much better than Yahoo/Microsoft/Facebook.

QuoteOriginally posted by: ArthurDentThese numbers are quite a bit better than the ones I posted. Looks like Google pays much better than Yahoo/Microsoft/Facebook.A lot depends on the particular job. Microsoft pays CS Ph.D. *really* well, and the CS Ph.D.'s that work there love the environment because some of them get to work on pretty much anything that they want to. The deal here is, this is money, work on whatever you want, and if you find something then we own it.Facebook isn't interested in basic CS research. Yahoo is pretty clueless, and the fact that google pays pretty well is why google is kicking their rear ends left and right.

QuoteOriginally posted by: chaoticramblerDoes the fact that Bloomberg has some top names in their quant team mean any thing to a new member joining their team in terms of learning experience ? I can see why people are being so critical of Bloomberg pay, but surely there must be some incentive of working a research environment like what they have ?There is one really big advantage in working for Bloomberg in that you can talk about what you are doing. If you are an interest rate quant at an IB, and you come up with a new interest rate model, the first reaction of people is to stamp "TOP SECRET" on it. If someone at Bloomberg does something like that, then the situation is that it's better if you let the world know about it. One consequence of this is that it lets you develop your own "brand name" separate from Bloomberg which is difficult if you work at an IB.

QuoteOriginally posted by: finalguyHow many phone interviews do you need to pass to get an onsite for Bloomberg?Typically one. It's less of an interview than a quick screening.

QuoteOriginally posted by: ArthurDentQuoteOriginally posted by: EEGradOne of my PhD CS friend was offered 100k+15% at Google+(1400 :350/year)stock options, which are now not that great due to the soaring pricesMy Google contacts tell me that (1) They got 25% bonus even though their target was 15% for the last 4 years, and (2) their underwater options were reissued in March 2009 at $308 strike with a new 4 year vesting period. At today's stock price your PhD CS friend has more than $400,000 worth of options vesting between March 2010 and March 2013. That is an automatic $100k bonus for the next 4 years. These numbers are quite a bit better than the ones I posted. Looks like Google pays much better than Yahoo/Microsoft/Facebook.Whoa, I did not know that, but that dude was quite unhappy due to the low salary, also his strike price will be set at his joining date next week. I guess around 650.