150 Most Frequently Asked Questions On Quant Interviews Download [PATCHED]

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Bartolome Moosavi

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Jan 25, 2024, 3:00:23 AM1/25/24

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Quantitative Portfolio Management (Incredible book with interview questions scattered throughout which will also give you a highly developed ability to discuss statistical arbitrage and explain most of the core quant finance topics relevant to hedge fund/ asset management)

150 most frequently asked questions on quant interviews download

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The interview questions in these books might be challenging especially if you don't have a solid grounding in topics like probability, statistics, formal logic etc. The best site I have come across for developing smoothing yourself into quant-style interview questions is brilliant.org. In fact, just by working through all the probability and statistics courses you will be well on your way to being able to answser most of the questions in the interview books. Additionally; they have a 'practice' section of the site which allows you to drill down specific subtopics (combinatorial analysis, conditional probability, etc).

150 Most Frequently Asked Questions on Quant Interviews is the first book in the Pocket Book Guides for Quant Interviews Series and contains over 150 questions that are frequently, and also currently, asked on interviews for quantitative positions, covering a vast spectrum, from C++ and data structures, to finance, stochastic calculus and brainteasers.

A Linear Algebra Primer for Financial Engineering, by Dan Stefanica, FE Press 2014. This book covers linear algebra concepts for financial engineering applications from a numerical point of view. The book contains many such applications, as well as pseudocodes, numerical examples, and questions often asked in interviews for quantitative positions. Table of Contents. This is the third book in the Financial Engineering Advanced Background Series.

150 Most Frequently Asked Questions on Quant Interviews, by Dan Stefanica, Rados Radoicic, and Tai-Ho Wang. FE Press, 2013. This book contains over 150 questions that are frequently, and also currently, asked on interviews for quantitative positions, covering a vast spectrum, from C++ and data structures, to finance, stochastic calculus and brainteasers. A ten questions selection, with solutions, can be downloaded here. This is the first book in the Pocket Book Guides for Quant Interviews Series.

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.

A preliminary quant interpersonal interview is typically 45-60 minutes, and may be in person or virtual. For in-person interviews, you may be handed a pencil and paper or markers for a whiteboard for your calculations. For virtual interviews, you might work on a shared virtual whiteboard or Google Doc.

Are you preparing for an interview for a quantitative role and have no idea of what to expect? Look no further! In this chapter, we will show the types of questions you should expect to face in a quantitative job interview. Building on this, in the next chapter we will give you primers for Mathematical Finance, Econometrics and Statistics, which will cover some basics all prospective Quantitative Analysts must be familiar with.

Many of the questions in this chapter do not relate to quantitative finance in any kind of direct way. However, they are designed to test your ability to think through quantitative problems. These questions demonstrate that being an effective Quantitative Analyst does not simply equate to having detailed knowledge of complex formulas. Rather, you need to be able to think on your feet, and these questions test that ability.

You need to prepare for those pesky quant interviews and realized that thankfully people have written interview books specifically for quant roles. That is quite fortuitous since you will definitely need to prepare or else failure is almost certain (unless you are a Mensa???). But which one of these lovely books should you purchase? I own 5 of the 7 that we will be reviewing together below and have flipped through and done some qualitative research on the other 2. Let us begin!

Topics: BrainteasersCalculus and Linear AlgebraProbability TheoryStochastic Process and Stochastic CalculusFinanceAlgorithms and Numerical MethodsAbout the Author: Zhou has the most actual experience working as a quant/strat/portfolio manager in a number of institutions including Barclays Global Investors, Goldman Sachs, Point72 and Millennium. It makes sense for this reason that he would include "Practical" in the title of his quant interview book. He also holds a PhD from MIT.

My Take: This is the book that I personally used the most when preparing for my interviews. I'm not sure what it is but it was somehow the least painful to just open up and grind out some questions. I think the bigger font and more white spaces in the book just makes it easier. Also, it is nice that the solution immediately follows the question which makes it easy to "guide" yourself using the answer if you are stuck.

My Take: I quite like this book as well. The physical size of the book is nice and makes it quite convenient to just bring around without feeling like an idiot. This was first published in 2013 which means most of the questions are still relevant today. The questions and answers are in different chapters so you end up flipping back and forth which I personally find annoying, but maybe you won't. You will however benefit from any urge to cheat and look at the solutions before really giving it an honest shot. But then again, some of these interviews devolve into you just regurgitating answers so maybe who cares. This book is also available in Chinese which might be useful to some.

My Take: This is the OG quant book. It also boasts 264 non-quant interview questions for you to practice which are equally important to get right. And, the book in its 21st edition as of now which does show that love and care has definitely gone into this book to work out lots of the kinks. Indeed, it was the first of its kind in 1995. I do wonder how people landed quant jobs prior to 1995. The famous Black-Scholes paper came out in 1973, 22 years before the first quant interview book came into existence. So did quants not have to go through this whole quant interview process charade?

My Take: I like this book as well but it feels a bit dated now. Actually, I'll rephrase that to say by saying it is a relic lost in time. It focuses too much in my opinion on modeling options, rates and derivatives which just isn't really the focus of most quant finance jobs at this point. Obviously, if you are more interested in working in that specific subfield of finance, this would be a good choice. The content here does seem to reflect the distinguished and sophisticated quantitative finance pre-crisis glory days.

My Take: This isn't a quant interview book per se, but there is a section that is dedicated to it. However the general FAQs in the book have also been used in interviews so I wouldn't discount that completely. It is a "pocket" book, but one would need some massive pockets to accommodate this thick book. But maybe quants already have massive pockets to accommodate their massive wallets from all that money they are making on Wall Street.

My Take: This is the newest addition to the quant interview book family. Did we really need another one? I guess why not. With only 51 questions in this book, they seem to be going for efficiency rather than volume.

In quant interviews, hard probability interview questions are highly technical and complex and most likely require advanced math to solve. Depending on interview expectations, it might not be necessary to get these right. Instead, your problem-solving process is what is being assessed.

Interview Query offers a variety of resources to help you prepare for your finance or trading interview. Start with our list of 31 commonly asked probability interview questions, or our list of 20+ statistics interview questions.

You can also check out our probability interview course module, which includes a look at how probability interviews are conducted, common types of questions, and the most frequently asked probability concepts.

Applying for a job in quantitative finance is a tricky business. It requires weeks of preparation work in the fields of Stochastic Calculus, Probability Theory and a lot of experience with programming in C++. Many of the quant job interviews utilise extensive mathematics and logic brainteasers, coupled with derivations of Ito's Lemma or the Black-Scholes equation. For that reason, QuantStart has prepared a list of the top five books for quantitative finance interviews. Reading through these books, cover to cover, will provide almost all of the insight required for a successful quantitative interview.

Heard on the Street is a classic Wall Street interview Q&A book. Many of the questions you will hear in real interviews will have been "borrowed" or modified from this book. In fact, many interviewers want to see that you've done the necessary "grunt work" just by reading through it! The book contains five main sections - Quantitative/Logical Questions, Derivatives Questions, Financial Economics Questions, Statistics Questions and Non-Quantitative Questions. Each of these five areas is incredibly important for the aspiring quant. The questions are by no means straightforward - there are some particularly challenging statistics and quantitative questions. Make sure to study this book thoroughly before taking an interview on the 'Street.