Skill, not tenure
No minimum time and no attendance quota. If you can do the work, you can advance.
The progression system
Advancement is by demonstrated skill, not time served.
Most clubs measure participation by attendance. That tells a recruiter nothing. Here, every rank is unlocked by submitting something and having it reviewed — so your time produces a portfolio you can point to.
Honest negative results pass
A backtest that failed, with a clear analysis of why, beats one that “worked” and cannot explain how.
Same bar, different starts
Finance majors who have never opened a terminal, CS majors who have never read a 10-K — both welcome, both close their gaps here.
The ladder
- InternMember channels, all workshops and events
- AnalystJoin a project team; declare a track
- Senior AnalystPitch a project; paper trading account
- AssociateMentor Analysts; vote on projects
- Senior AssociateOwn a research vertical; allocate the paper book
- Vice PresidentSeat and vote on the board
There is no minimum time in the club — rank is based entirely on what you submit.
Tracks
Everyone starts on the same path and declares a track at Analyst.
Alpha Research
Signal construction and factor testing. You hunt for things that predict returns — mostly failing, and learning why.
Quant Development
Pipelines, tooling and infrastructure. You build what everyone else runs their research on; code quality is your bar, not returns.
Trading & Execution
Market microstructure and live paper trading. You care about the gap between what a backtest says and what actually fills.
Quantitative Analysis
Portfolio and risk analytics end to end: returns, volatility and optimization; VaR, stress testing and attribution; fixed income, credit and derivatives pricing; Monte Carlo and financial modelling.
Markets & Macro
Fundamental and macro research, valuation and catalysts. You turn a market view into a falsifiable thesis — and name what would prove it wrong.
Switching tracks. Switch once without penalty. After Associate, switching means completing the new track’s deliverable first.
A last word
Anyone can produce a rising equity curve. Knowing whether to believe it — and saying why you might be wrong — is the skill that gets people hired.