I applied through an employee referral. The process took 1 day. I interviewed at Fidelity Investments (Boston, MA) in Jun 2011
Interview
The interview process consisted of five one on one interviews.
Two of them were simple fit and resume interviews. They asked the usual questions: "Why do you want to work at Fidelity?", "Walk me through your resume", "Why are you interested in asset management?", etc.
During my interview with the quantitative analysis head, I was asked some very simple questions relating to regressions. He wrote out a regression and asked what it would mean if the coefficient attached to a variable was large and negative and then what a negative "T" score of three would mean.
The only case study was a question dealing with a coffee maker and what I thought the residential and office market sizes for it would be. I was then given a very simple word problem.
The people were very nice and the interviews were fairly casual. I thought that I interviewed very well and was informed, on a later date, that they liked but could not hire me. They thought that I was too "green" to hire, especially considering that I showed primary interest in the fundamental analysis group.
Interview questions [1]
Question 1
You sell 200 cups of coffee per year at $10 for a cup. It costs you eight dollars to produce a cup of coffee. Would you rather double your price but loose half of the amount you sell or keep the price the same and double the amount that you sell? Which is more realistically feasible?
I’m disappointed with my experience, as I’ve applied to over 50 roles without receiving responses. In contrast, a friend who applied a few times received communication and ultimately an offer, which makes the lack of feedback on my applications especially discouraging.
Interview questions [1]
Question 1
what is your expected salary range? Please be very specific. [I also said I was flexible and proceeded to be GHOSTED]
I only did two steps of the interview process, the first was the usual recruiter screening. The second was a panel of about five people, only one or two of which asked questions. The others were just there to listen and chime in.
The interview process was very straightforward. I recruited for a full time role just out of undergrad and it was similar to every other interview process I have gone through. Submit your application, call with HR, followed by additional rounds of interviews.