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I had a bad experience with Two Sigma in 2007 - After spending half an hour on the phone, and then a further two hours writing code for a couple of programming problems, I never hear back from either the hiring manager or the recruiter. It didn't hurt me so much that I wasn't selected, rather they consider ~5 minutes of their time to compose a rejection email to be more valuable than ~2 hours of my time.

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I had a similar experience with them in 2009. I went through the same first interview plus the problems plus another technical interview. The did, however, call me back and invite me for an on-site interview. While awaiting the details, I was informed by the HR rep that the on-site interview would not take place because his boss nixed my application due to my GPA* being too low. Why didn't they say so in the first place before wasting all that time?

* I had graduated 4 years earlier. Many companies don't care about GPA at that point.

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