Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our User Agreement and Privacy Policy.

Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. If you continue browsing the site, you agree to the use of cookies on this website. See our Privacy Policy and User Agreement for details.

Like this presentation? Why not share!

- Quant interview v2 by shivgan 683 views
- Careers in Algorithmic Trading by Gaurav Bubna 4936 views
- Guide to wall street quant jobs for... by Pratik Poddar 8067 views
- Interview math over 50 problems and... by DonnaMcMahon34256 349 views
- Careers in Quant Finance - IIT Delhi by Ashwin Rao 2898 views
- Algorithmic Trading & High Frequenc... by Tezer Yelkenci, M... 1692 views

2,061 views

Published on

Prepare yourself for quant finance interviews with qcfinance.in quant finance interview prep course.

No Downloads

Total views

2,061

On SlideShare

0

From Embeds

0

Number of Embeds

19

Shares

0

Downloads

52

Comments

0

Likes

5

No embeds

No notes for slide

- 1. C O U R S E B Y W W W . Q C F I N A N C E . I N H T T P : / / Q C F I N A N C E . I N / F I N A N C I A L - E N G I N E E R I N G - I N T E R V I E W - P R E P / S E S S I O N B Y S H I V G A N J O S H I Quant Finance Interviews Financial Engineering Interview Prep
- 2. F O R M A T S A R E N E A R L Y S A M E I N T E R V I E W P A S S I N G I S A T E C H N I C A L P R O C E S S – S C I E N T I F I C D E A L I N G W I T H I T I S V E R Y I M P O R T A N T M A K I N G S T R A T E G Y I S A L L T H A T M A T T E R S T H E M O S T Y O U C A N N O T G O W I T H O U T P R E P Interview Formats
- 3. Class No Topic (50% taken by subject experts) Assignment Feedback & Evaluation 1 Course structure – Making changes to the plan Places you target and syllabus 2 Soft Quantitative Aspects in Finance and News Quant CFA L1 L2 FRM L1 L2 3 Excel VBA MATLAB R SAS SQL Revision Respective books 4 Calculus and C++ Different Level of Exercise 5 Puzzles and Qualitative Aspects List of answers to modify
- 4. First Three lines of the interview What do you know about Our Company? What can you do for Our Company? Why do you want to work for Our Company? Example Goldman - Henry Paulson – Treasury secretary
- 5. Interview Quant Hedge Fund Three rounds 1 hours per round www.qcfinance.in Three Parts: 1. Excel Questions – Rank adjustment, MC vs Normal Distributions; implied volatility; creating checks using data validation 2. Pricing – Fixed Income, from Bloomberg screenshot, convertible bonds 3. Probability Questions - person retiring (were from actuarial exam); age of people;
- 6. Insurance Inv Analyst Interview 45 min Telephonic round Probability questions Factor Analysis Mathematical language Yield curve Policy of central bank Dice questions R-square on flipping X and Y Non stationary series – CFA L2 – if they are behaving in same way we can use the time series – using the returns not the number * study this
- 7. Three Dimensions of Inteview Programming: Asked me about encapsulation and polymorphism – OOPS – C++ recepies? Probability: If I toss a fair coin 400 times and biased coin 80/100 heads chances, what is the probability that I got a biased coin I get 220 heads? Finance Questions – BS Derivatives Greeks Exotic options Fixed income is 80% of their investment so interest rate become most imp
- 8. Based on your profile Earlier roles are most important Problems in regression Examples of Monte Carlo VBA Codes C++ MATLAB Interest rate models – Derivative toolboxes
- 9. L E V E L 0 - 3 N O N E O F T H E M H A S C + + S O M E H A S M O R E Q U I Z O T H E R H A S C A L C U L U S Book Reviews – 5 books for Quant Fin interviews
- 10. Vault Guide to Advanced Finance and Quantitative Interviews Book Review Level 0 Easy book
- 11. Paul & Dominic’s Guide Getting a Job in Quantitative Finance FAQ Level 0 Small book 70 pages Small paragraphs for each topic No maths but only words to get you acquainted with things
- 12. Starting Your Career as a Wall Street Quant: A Practical, No-BS Guide to Getting a Job in Quantitative Finance - Brett Jiu Level 0 Not much of Calculus or C++ 100% Qualitative book
- 13. Heard on the Wall Street Timothy Falcon Crack Book review Shivgan Joshi Level 1 book Five main sections - Quantitative/Logical Questions, Derivatives Questions, Financial Economics Questions, Statistics Questions and Non-Quantitative Questions. C++ is important – dedicated class for non programmer to answer some questions on C++.This book doesn’t have C++ questions. Yes / No / Let me try? Non quant market question – where the markets are Purely Quant and Logical Questions – Taken ay Arpit Derivatives – no maths – pure finance My comments – overall an easy book – not upto the level of Quant or C++ - A round one book
- 14. Frequently Asked Questions in Quantitative Finance Paul Wilmott 433 pages Book Review Level 2 book One of the longer books Stochastic Calculus, Geometric Brownian Motion, Black-Scholes as well as Volatility Modelling and the CAPM Question and answer format - 50 questions Answers are over simplified
- 15. FAQ What is Brownian Motion and what are its uses in finance? Ten Different Ways to Derive Black– Scholes What is Ito’s lemma? What is Maximum Likelihood Estimation? What is cointegration? What is closed-form solutions? What is a jump-diffusion model and how does it affect option values? What is the finite-difference method? What are copulas? What is the asymptotic analysis?
- 16. A Practical Guide To Quant Fin Interviews Book by Xinfeng Zhou Review Level 3 book Starts with brain teasers Many pages of basic maths and series summation Lots of calculus – engineering calculus revision Is there some way to get back to this using a course; may be a certificate of diploma in maths ? Lots of stochastic calculus again and lots of probability A good book to revise maths in just 50 pages ; although no C++
- 17. Quant Job Interview Questions And Answers - Mark S. Joshi, Nick Denson, Andrew Downes Level 3 book Contains C++ as well Explanations are not that good and questions are few Good book to do at the end Lots of mathematical terminology Having idea of derivation of BS helps
- 18. Leve l Book Name Page Numbers / Chapters C++/Stochastic Calculus/ Quiz & Puzzles 0 Three books Not much talked about – lots of Quiz 2 Heard on the Wall Street - Timothy Falcon Crack 400 / Finance Chapters More into Finance 3 Frequently Asked Questions in Quantitative Finance - Paul Wilmott 440 Everything but no C++ 3 A Practical Guide To Quant Fin Interviews - Xinfeng Zhou 300-400 Everything 3 Quant Job Interview Questions And Answers –Mark Joshi 329 / More on maths programming
- 19. Reading List Stochastic Differential Equations: An Introduction with Applications, B. Oksendal (ISBN: 3540047581) • Financial Calculus: An Introduction to Derivative Pricing, Martin W. Baxter, Andrew J. O. Rennie (ISBN 0521552893) • Efficient Methods for Valuing Interest Rate Derivatives (Springer Finance S.), Anton Pelsser (ISBN 1852333049 ) • Pricing and Hedging of Derivative Securities, Lars Tyge Nielsen (ISBN 0198776195) • A First Course in Probability (International Edition), Sheldon Ross (ISBN 0131218026) - Don’t be offended by the title !!! – packed with good ‘applied’ problems to solve of the type asked in interviews • Beginning C++: The Complete Language, Ivor Horton (ISBN: 1590592271 ) • Effective C++: 50 Specific Ways to Improve Your Programs and Design (2nd Edition), Scott Meyers (ISBN 0201924889)
- 20. The 25 Best-Selling Books For Quants 1- A Primer for the Mathematics of Financial Engineering, 2nd Ed - Dan Stefanica 2- Solutions, Primer For The Mathematics Of Financial Engineering, 2nd Ed - Dan Stefanica 3- Quant Job Interview Questions And Answers– Mark Joshi 4- Fifty Challenging Problems in Probability with Solutions – Frederick Mosteller 5- The Complete Guide to Capital Markets for Quantitative Professionals 6- My Life as a Quant: Reflections on Physics and Finance – Emanuel Derman 7- Heard on The Street: Quantitative Questions from Wall Street Job Interviews - Timothy Crack 8- Frequently Asked Questions in Quantitative Finance - Paul Wilmott 9- A Practical Guide To Quantitative Finance Interviews – Xinfeng Zhou 10- Liar's Poker - Michael Lewis 11- Cracking the Coding Interview: 150 Programming Questions and Solutions - Gayle Laakmann McDowell 12- How I Became a Quant: Insights from 25 of Wall Street's Elite - Richard R. Lindsey 13- Problem Solving with C++, 8th Edition - Walter Savitch 14- Options, Futures and Other Derivatives (8th Edition) - John Hull 15- Stochastic Calculus for Finance I: The Binomial Asset Pricing Model - Steven Shreve 16- Paul Wilmott on Quantitative Finance 3 Volume Set (2nd Edition) - Paul Wilmott 17- Stochastic Calculus for Finance II: Continuous-Time Models - Steven Shreve 18- Principles of Financial Engineering, 2nd Edition - Salih Neftci 19- C++ Design Patterns and Derivatives Pricing - Mark Joshi 20- C++ Primer Plus - Stephen Prata 21- The Big Short: Inside the Doomsday Machine - Michael Lewis 22- When Genius Failed: The Rise and Fall of Long-Term Capital Management - Roger Lowenstein 23- Starting Your Career as a Wall Street Quant - Brett Jiu 24- Reminiscences of a Stock Operator - Edwin Lefevre 25- The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It - Scott Patterson
- 21. Paul Wilmott on Quantitative Finance 1400 pages on quant finance
- 22. Roles
- 23. Quant Questions Maths Probability distribution – Coin , Dice Brain teasers
- 24. Programming Topics C++ and data structures, finance, brainteasers, and stochastic calculus
- 25. References http://www.wikijob.co.uk/wiki/goldman-sachs-interview-questions http://www.assessmentday.co.uk/WJ/index.html?wikijob-link-type=a-link http://www.geeksforgeeks.org/goldman-sachs-interview-set-2-on-campus-for-analyst/ http://www.careercup.com/page?pid=goldman-sachs-interview-questions http://goldmansachsinterviewquestions.blogspot.com/ 103 questions: http://interviewquestionsandanswers.biz/interview-questions-list-and-answers/ Data structures and algorithms: https://www.quantnet.com/threads/goldman-interview.3496/ http://www.entrepreneur.com/article/230931 http://www.askivy.net/articles/investment-banking/interview-preparation/how-do-i-make-it-to- goldman-sachs Quant focused: www.wilmott.com/messageview.cfm?catid=16&threadid=12806 http://www.quora.com/Goldman-Sachs/What-is-it-like-to-be-a-quantitative-analyst-at-Goldman- Sachs http://www.glassdoor.com/Interview/Goldman-Sachs-Quantitative-Analyst-Interview-Questions- EI_IE2800.0,13_KO14,34.htm http://www.vault.com/blog/interviewing/5-interview-questions-investment-banking-interns- need-to-nail/ http://www.reliableplant.com/Read/28069/Questions-asked-job-interview http://news.efinancialcareers.com/ru-en/93451/an-illuminating-qa-with-an-ex-goldman-sachs- quant-from-russia-who-warns-think-before-you-go-into-banking/

No public clipboards found for this slide

×
### Save the most important slides with Clipping

Clipping is a handy way to collect and organize the most important slides from a presentation. You can keep your great finds in clipboards organized around topics.

Be the first to comment