Guide to wall street quant jobs for IITians

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Guide to wall street quant jobs for IITians

  1. 1. Guide to Wall Street Quant Jobs for IITians Pratik Poddar Aug 10, 2013 Adapted from Ashwin Rao's PPT at Stanford & Interview Preparation for Quantitative Analysis
  2. 2. Define Quantitative Finance ● Roles at Large Banks & Hedge Funds ● Trading Businesses involving Quant Analysis ● Requires advanced skills in Math / Stats / Computer Science ● Requires sound understanding of trading markets
  3. 3. Example Jobs ● Derivatives Trader ● Trading Desk Quant Strategist ● Derivatives Modeler, Econometric Modeler ● Algorithmic Trading Quant ● Analytics Developer
  4. 4. Sample Jobs at IITs Goldman Sachs FICC Morgan Stanley Strats and Modeling Tower Research Capital WorldQuant (Millenium Partners) (in alphabetical order)
  5. 5. Interview Preparation Most of the interviews are technical and focused on different topics depending on strength of team and niche work. However, the topics can be classified under: 1) Mathematics 2) Computer Science 3) Brain Teasers
  6. 6. Interview Preparation - Mathematics Probability: Probability, Random Variables And Stochastic Processes - by Papoulis Fifty Challenging Problems in Probability with Solutions Engineering Mathematics: Advanced Engineering Mathematics - by Kreyszig Linear Algebra And Its Applications - by Gilbert Strang What Is Mathematics? - by Richard Courant
  7. 7. Interview Preparation - Computer Science Algorithms: Introduction To Algorithms - by Cormen, Lieserson, Rivest Algorithms - by Robert Sedgewick C++: C++: The Complete Reference The C++ Programming Language - by Stroustrup Programming in C++ - by Cohoon and Davidson
  8. 8. Interview Topics - Brain Teasers Puzzles: Mathematical Puzzles: A Connoisseur's Collection - by Peter Winkler Entertaining Mathematical Puzzles - by Martin Gardner Mathematical Puzzles of Sam Loyd
  9. 9. Sample Questions - Probability + Engg Math + Algorithm + Puzzles Lots of them on my blog - CSE Blog - http://pratikpoddarcse.blogspot.com CSE Blog - quant, math, computer science puzzles Quant, Math & Computer Science Puzzles for Interview Preparation & Brain Teasing
  10. 10. Sample Questions - C++ ● What is the difference between a pointer and a reference? ● What does it mean to declare a function or variable as static? ● What is the difference between a struct and a class in C++? ● What is the purpose of a constructor/destructor? ● What does it mean to declare a member function as virtual/static? ● What is polymorphism? ● What happens when you have a non-virtual method in a base class and a method of the same name in a derived class? ● Can you call a virtual function in a base class when you have overridden it? ● How could you determine if a linked list contains a cycle in it? ● How would you reverse a doubly linked list? ● How would you traverse a binary tree?
  11. 11. Thanks Pratik Poddar http://pratikpoddarcse.blogspot.com http://www.linkedin.com/in/pratikpoddar The opinions expressed here represent my own and not those of my employer. All data and information provided on this site is for informational purposes only. The author and the institutions and organizations he is affiliated to make no representations as to accuracy, completeness, currentness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.

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