A Practical Guide To Quantitative Finance Interviews

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The brain teaser section of both the quant prep books cover a variety of math topics. The questions test basic math but in novel and interesting ways. The two pointer technique questions on leetcode will aid in building my algorithm skills. Materials D can now work it out. He knows that M would still be uncertain if Mar, Sep or Dec. The fact M's worked it out means it must be June. D already knows the day, of course. With the initial interview largely assessing analytical skills, subsequent interviews may focus on in-depth quant concepts related to the industry and to broader personality characteristics, such as how you weigh a given set of options, how you manage your time and why you’re drawn to working in that particular industry. How should I prepare? Practice

Organizations may ask you to complete a 30-minute online assessment before interviewing with a company representative. The most common tools for online assessments are Pymetrics, a platform that gamifies calculations and logical reasoning, and Hirevue, a video question bank of behavioral, mathematical and industry-specific questions. Many quant interviews and big tech interviews have been known to ask estimation-based questions. These include ‘how much should you charge to wash every window in Seattle’ and the like. There is an abundance of questions available online for practice. These will be the final and lowest priority aspect of my interview prep. Quantitative traders utilize tools built by quantitative developers to execute upon strategies developed by quantitative researchers. Traders are ocassionally extended research responsibilities and as well as development tasks depending on the organizational structure, strategy set, and size of the hedge fund. At this point, I will wrap up my interview prep by finishing Grokking The Coding Interview, and aiming to hit level 99 on math-trainer. Materials

What does a quant interview look like?

In this first module, I will do a comprehensive refresher of probability and statistics and practice sliding window algorithm questions on leetcode. My understanding of Probability is decent as I have taken multiple courses that have covered the subject matter. Materials

Brush up on prob stats from college and practice! There are a lot lot of online resources on this, attaching some below.I will likely need to refresh some of my stochastic processes knowledge from my previous coursework. I expect the calculus and linear algebra review to go smoothly. I recall most of this content so the preparation process will simply entail solving the questions from the prep book and actively seeking tough questions from my old textbooks. Materials Then when M's realisation gives D the answer, he know's it's June (else if Mar, Sep or Dec, then M would still be unsure). If the birthday would have been in June or Dec there would have been a chance that day-knowing C would have known it, because there are unique possible days-of-months in the list for possible birthdays in those months (Dec 2 and June 7). The only way the month-knowing person referred to as "you" in the problem could know that there is no chance for C, is that the months are neither June nor Dec.

Through the use of AI, a firm can assess the speed and accuracy of your analytical skills and/or your interest in and knowledge of the field before considering your resume. Optiver: Their first step is 8 mins , 80 questions MCQ math test made of simple arithmetic questions designed to assess your mental math speed and accuracy. Make sure you understand the usage and output of these functions: lm, glm, anova, summary.lm, plot.lm, acf, pacf. Python A quantitative (quant) interview is designed to help the interviewer understand how you think, and may include specific industry references including financial terms, economic theories or established mathematical models. Interviewers assess these skills through computations, logic problems and brain teasers. What traits are firms seeking in quant candidates?Read about the specific organization with whom you are interviewing to understand their clients and the services, and the philosophy that guides their practice Analysis of Financial Time Series * I personally like other books more, but this book exposes one to the most number of time series models. If the month was Mar, Sep or Dec, then M would still not be able to work out the birthday by eliminating the 2s and 7s. We can exclude Dec and June months only because the month-knowing person tells us C does not have a chance. And again, Dec and June would have given C a possiblity to know. But exactly because the bday is in Mar or Sep, C doesn't initially know for sure.