I applied online. I interviewed at Optiver (New York, NY)
Interview
The online assessment was the standard assessment described online. It contains sections for arithmetic, sequences, quick games, probability, and a personality questionnaire. I've only done the online assessment so far.
Interview questions [1]
Question 1
Q: Arithmetic, then sequences, then memory/mental games, then probability problems, then questionnaire
Difficult online assessment and behavioural interview. Asked lots of questions on expected value, probability, Markov chains, random walks, etc. Needed lots of quick mental maths to do well. Some market making games too.
brief self introduction, then played market making game on the OA platform. asked detailed questions about EV calculation, confidence interval, trade decisions, and profit calculation. the pace was slower than expected, but everything asked was deeper than expected
Interview questions [1]
Question 1
Tell me about your self. Why Optiver. Why Trading. Series of question throughout the market making process regarding fair value calculation
OA -> Behavioural->Cognitive 1 -> Cognitive 2 -> Final Round (1 HR Interview, 1 Technical). Behavioural interview quite standard but trading games played for Cognitive 1 and 2 rely on quick mental calculation of odds and implied probabilities
Interview questions [1]
Question 1
What traits make a good Quantitative Trader and which don't you have?
Quantitative Trading Intern applicants have rated the interview process at Optiver with 3.6 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 51% positive. To compare, the company-average is 49% positive. This is according to Glassdoor user ratings.
Candidates applying for Quantitative Trading Intern roles take an average of 27 days to get hired, when considering 37 user submitted interviews for this role. To compare, the hiring process at Optiver overall takes an average of 20 days.
Common stages of the interview process at Optiver as a Quantitative Trading Intern according to 37 Glassdoor interviews include:
Skills test: 27%
One on one interview: 23%
IQ intelligence test: 18%
Personality test: 16%
Phone interview: 15%
Background check: 2%
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