Timed simple and difficult mental math.
Junior Trader Interview Questions
1,525 junior trader interview questions shared by candidates
80 arithmetic questions and 30 sequence questions. Eg 56+87 1,2,3,5,8… complete the sequence
Final interview ( 2 traders, three parts): Part 1 - Rapid fire multiplication and division eg 49*56.5, had to answer around 10 of these, be prepared to answer quickly and precisely, I was too slow - also remember the questions, I was asked multiple times if I could remember the previous questions Part 2 - Lots of Bayes questions, be prepared to manipulate Bayes rule, decks of cards, rolling dice etc. Part 3 - Final question was important he spent a lot of time of it and drilled me on logic behind each step, didn't answer very well but not too hard on reflection, understand this question and be able to walk through the steps: You have a chess board that is infinitely large, a horse can move 2 square either up, down, left or right and then another square perpendicular to the original direction - then they ask how many of the cases exist where the horse lands on a new square after 10 moves. They ask for a confidence interval and an actual number - I need a little more time on this one and it was difficult for me, he did say many people find this one tough.
How much would you pay to play a game with __________ expected value? What if I raised the maximum gain and loss?
Population of australia estimation etc
Why do you want to be a trader?
basic math
For the phone interview, most of the questions are technical. I was asked to calculate probabilities, estimate volatility and pricing an option according to my intuition. Also, several brainteasers were asked.
what do they do as option market maker
Vectors and Linear Algebra
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