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Dive into 2024 Quant Internships: A Fintech Job Guide

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    If you’re eyeing a career in quantitative finance, the 2024 Quant Internships repository on Github is a goldmine. This guide, curated by the Northwestern Fintech Club, lists firms offering internships in Quantitative Trading, Research, and Software Engineering.

    So let’s break it down:

    Top Firms Offering Quant Internships

    Citadel and Citadel Securities:

    Citadel securities is known for their good corporate culture. The Data Open competition is a notable entry point for fintech jobs, which makes Citadel a more open prospect compared to others.

    • Roles: Quantitative Research, Trading, Engineering.
    • Locations: NYC, Chicago, London.
    • Highlights: Citadel Securities boasts a better culture, and the Citadel Data Open competition is a great entry point.

    Jane Street:

    Jane street is known for its culture. It is widely seen as comfortable and productive. Jane Street recruits widely and it is not limited to top-tier schools.

    • Roles: Quantitative Trading, Research, Software Engineering.
    • Locations: NYC, Hong Kong, London.
    • Highlights: Famous for its relaxed yet productive culture. Jane Street is school-agnostic, offering many first-round interviews for fintech jobs.

    DE Shaw:

    DE Shaw is known for its exclusivity. DE Shaw targets top-tier graduates and exceptional quantitative talents.

    • Roles: Quantitative Analyst, Trading.
    • Locations: NYC.
    • Highlights: Highly selective, targeting top-tier schools and exceptional candidates for fintech jobs.

    Two Sigma:

    Two Sigma is known for its environment. Emphasizes collaboration and research-driven approaches.

    • Roles: Quantitative Research, Trading, Data Science.
    • Locations: NYC, Houston.
    • Highlights: Known for a collaborative environment with a strong focus on research and development.

    DRW:

    DRW is known for its focus on work life balance and competitive pay structure. Money is the main motivator here.

    • Roles: Trading, Technology, Quantitative Research.
    • Locations: Chicago, NYC.
    • Highlights: DRW offers a balanced work-life and competitive compensation in fintech jobs.

    Optiver:

    Optiver is known in the industry for its high salaries and bonuses.

    • Roles: Trading, Research, Engineering.
    • Locations: Chicago, Austin, Amsterdam.
    • Highlights: High pay and substantial bonuses. Apply early for these competitive fintech jobs.

    Akuna Capital:

    Akuna Capital focuses on early applications and dynamic fintech roles.

    • Roles: Trading, Quantitative Development.
    • Locations: Chicago, Boston.
    • Highlights: Dynamic work environment with an emphasis on early applications for fintech jobs.

    IMC Trading:

    IMC focuses on teamwork and collaboration.

    • Roles: Trading, Research, Technology.
    • Locations: Chicago, NYC.
    • Highlights: Focus on collaborative culture with various entry points for fintech jobs.

    For more detailed information on specific roles, application deadlines, and how to apply, visit the 2024 Quant Internships repository.

    This comprehensive guide provides an overview of the most sought-after quantitative finance internships for 2024, offering you insights to navigate the application process and prepare effectively for a successful career in fintech jobs.

    The opportunities listed in the 2024 Quant Internships repository are gateways to some of the most prestigious firms in the industry. Whether you aim to become a quantitative trader, researcher, or software engineer, these internships offer a solid foundation for your career. Remember, early applications and thorough preparation are key.

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    Luminar Media Group/ Fortun Reports 3rd Quarter Results, Surpassing Forecasts and Demonstrating Impressive Growth

    2024-10-03T13:00:00Z

    MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Luminar Media Group, Inc. (OTCMARKETS: LRGR), a small business revenue-based finance company with a focus on Hispanic and minority-owned businesses, has released its financial results for the 3rd Quarter of 2024. The report highlights substantial growth across key financial and operational metrics, further solidifying Fortun's expanding presence in providing essential capital to underserved markets.

    Key Financial Highlights for Q3 2024:

    • Funding Volume:
      • Q3: $1,138,000
      • Forecasted: $1,108,700
      • Result: Surpassed Forecast
    • Receivables:
      • End of Q3: $1,428,281.47
      • Collected Receivables Q3: $352,729.33
      • Forecasted: $1,650,963  
      • Result: Surpassed Forecast
    • Revenue:
      • Q3: $307,211.00
      • Forecasted: $298,540 (Commission and Fee Income)
      • Result: Surpassed Forecast
    • Assets:
      • Total Assets End of Q3: $1,926,507
      • Cash on Hand: $498,226.39

    Funding Metrics:
                     o   July: $258,700
                     o   August: $389,700 (51% MoM Growth)
                     o   September: $489,600 (25% MoM Growth)
                     o   Number of Deals Funded in Q3: 169
                     o   Average Deal Size: $6,733
                     o   Total States Funded Since Inception: 17 (76% of total funding-Florida)
                     o   Industries Served: 35
                     o   Top 3 Industries: Trucking/Transport: 23.34%-Construction:18.14% -Auto Sales/Repair: 13.2%

    Strategic Outlook

    Fortun remains focused on creating long-term value as it expands its funding operations with a particular emphasis on Hispanic-owned and underserved small businesses. With strong financial results and an expanding operational footprint, the company is well positioned to capitalize on continued growth opportunities as it heads into the final quarter of 2024.

    “Our 3rd Quarter results highlight the continued success of our core funding strategies and our commitment to delivering results for our shareholders,” said Yoel Damas, Chairman and President. “We believe these numbers would have been even stronger if not for Hurricane Helene, which impacted Florida—our largest funding market—in the last week of September, affecting our deal flow as the state dealt with the storm’s devastating effects. Despite these challenges, we are proud to announce that we met all our goals for the quarter and remain committed to supporting Floridians as they rebuild. Our thoughts and prayers are with all those affected by this horrific storm. We look forward to a strong finish to the year and continued growth as we move into the fourth quarter.”

    About Luminar Media Group, Inc.

    Luminar Media Group, Inc., headquartered in Miami, Florida, is a pioneering fintech company providing tailored financial solutions to underserved communities, particularly Latino and minority-owned enterprises. Through its subsidiaries, FortunCo and Fortun Advance, the company empowers small businesses by offering the funding they need to thrive.

    Forward-Looking Statements

    This release contains forward-looking statements that reflect Luminar Media Group's current strategies and expectations for future performance. Actual results may differ materially due to various risks and uncertainties. Investors should review the company’s filings with the SEC for further information.

    The financial data presented herein is subject to review by our independent accountants and may be adjusted prior to final reporting. Please note that the information provided is preliminary and should not be considered final until it has undergone the complete review process.

    For more information, please contact:
    Robert Rico
    Investor Relations
    Phone: 305-283-9237
    Email: [email protected]
    Follow us on X: @FortunCorp


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