Reddit Reddit reviews A Practical Guide To Quantitative Finance Interviews

We found 9 Reddit comments about A Practical Guide To Quantitative Finance Interviews. Here are the top ones, ranked by their Reddit score.

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A Practical Guide To Quantitative Finance Interviews
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9 Reddit comments about A Practical Guide To Quantitative Finance Interviews:

u/whymauri · 10 pointsr/cscareerquestions

You should apply to more than just HRT and Citadel. For quant, trader, and researcher roles you'll need to practice a different kind of interview. Some places are done with hiring, but some are still going (Old Mission Capital reached out to me this week). If your Amazon offer is expiring, I'd take it. One in hand is worth two in the bush and these interview processes can take a long time.

This book will get you started.

u/YummyDevilsAvocado · 8 pointsr/FinancialCareers

I can't give any advice for SEA. I don't know how much you've looked into it already, but some assorted resources people seem to like:

Max Dama - On Automated Trading

Jane Street - Probability and Markets

Cliff Asness - A Brief and Biased Survey of Quantitative Investing

Heard On the Street

A practical Guid to Quant Finacne interviews

A summary of quantative trading

[Mark Joshi - On Becoming a quant] (http://www.markjoshi.com/downloads/advice.pdf)

How's your programming and statistics? Those are probably the two things you can improve the most on your own to give you the best chance with interviews.

u/inm808 · 4 pointsr/cscareerquestions

wow so much circlejerk over quant ITT. remember, OP is already getting the interviews

OP there are very good guides out there, analogous to the "elements of programming interviews" for DS&A interviews

https://www.amazon.com/Practical-Guide-Quantitative-Finance-Interviews/dp/1438236662 will get you very far. learn more about the topics covered as you go, rather than look at a vast sea of random math stuff and get stressed out. also theres a good chance some of these questions will be asked verbatim

ive heard good things about the Joshi book too. also first chapter of Heard on the Streets. the later chapters delve into really specific finance stuff, so it depends on what role you're going for if you need to know that stuff (vs a general math test, where they will train you on finance later)

u/krappa · 3 pointsr/finance

I am a physics PhD student who prepared for a quant transition and got an offer relatively soon after applying.

How much time do you have, where are you going to look, and from which university are your degrees? This book is an easy read, a bit American-centric. There are also books with preparation problems, I liked 1 2 3.

Play on your strengths - if you don't like programming just get a basic idea of how C++ work, and learn a lot of stochastic calculus if that's what you like. Eventually you should identify 1 or 2 areas which you like most and become strong in those. It's better to be so-so in some of the areas of the books above but beyond their level in 1-2 areas than being quite good at all of them but excel in none. Don't completely neglect any topic though - if you have no idea what a call option or a pointer are, you'll be in trouble. Don't neglect brainteasers.

Certain interesting areas are surprisingly ignored by those books, for example econometrics and machine learning. Good luck!

u/HeveredSeads · 2 pointsr/FinancialCareers

(Sorry for the formatting, I'm on mobile)

https://www.amazon.com/Practical-Guide-Quantitative-Finance-Interviews/dp/1438236662&ved=2ahUKEwiIxLiFsYzaAhXJJMAKHfobAc4QFjAKegQICBAB&usg=AOvVaw2FMeyGzdYd7u1o_Ho9qJIf

This book is probably overkill for most of the questions you'll get asked (it's targeted more towards quantitative analyst interviews which generally require a much more in depth knowledge of calculus, linear algebra, algorithms etc.) but the brainteaser and probability chapters will definitely be useful.

Also as others mentioned practice quick mental math, with 2/3 digit numbers and decimals. Rankyourbrain.com isn't bad for this (someone mentioned tradertest.org is down).

In my experience interviewing for these places, many of them put a lot of focus on game theory problems. A game will presented to you and you decide whether you want to play and what the best strategy is. Another common question is to market making games where youre asked to estimate some quantity (e.g number of windows in NYC) and then play a market making game with the interviewer, whereby you set bid/ask prices on this quantity and he buys/sells and you adjust your prices accordingly. After a few trades he'll ask you what your position is, what value of the quantity would make you break even etc. They also often ask for confidence intervals of your estimates. It's key that you clarify your thought process for the estimate and make reasonable assumptions.

Finally, due to the nature of the job you will likely be but under an unreasonable amount of time pressure for some questions, just to see how you handle it. They key is not getting flustered if you get a question or two wrong in this situation. Just keep a clear head and take each question as it comes. Good luck!

u/viceroy_of_ancappery · 2 pointsr/gambling

I would advise against doing it on your own. If you want to work for a financial firm, then a good place to start is the quantitative analyst interview, eg:

https://www.amazon.com/Practical-Guide-Quantitative-Finance-Interviews/dp/1438236662

I would also recommend having a degree in a mathy STEM major, like physics, aerospace engineering, electrical engineering, financial engineering, or maybe math (with an emphasis on stochastic processes).

u/shanuchp · 1 pointr/quant
u/ostensiblyweird · 1 pointr/FinancialCareers

For firms like akuna, you do not need finance domain knowledge. Very good prep book with tons of example questions is https://www.amazon.com/Practical-Guide-Quantitative-Finance-Interviews/dp/1438236662/ref=sr_1_2?ie=UTF8&qid=1514852482&sr=8-2&keywords=quant+finance. Will match the types of questions you may get very well.