Earlier quoted context omitted.
I wouldn't be discouraged. I just had a look and parts 1 - 4 are simple maths, and everyone should know those maths anyway. Then part 5 is application of simple arithmetics (except questions 8 and 12) to options, which means if you already know arithmetics you only need to learn what an option is. What I mean is that you should be learning basics maths anyway, and when you know a bit you can solve all those questions…
I do not see any answers for the questions, do you mind giving them to me so I can check mine?
Quant Job Interview Questions (2009) [pdf]
11–20 of 154 posts
Re: Quant Job Interview Questions (2009) [pdf]
#12I'm partway through the ML class on Coursera and have only recently rekindled my interest in Math. However, my background is in Accounting (undergrad and did a full years as an accountant), and Software Engineering (masters in SE and full time now for some years). Is there a path to actually move into a Quant Job given a software background, to someone who's mathematically inclined? My fear is that I load up on extra "free" math classes, teach myself through MOOC's and self study, and won't have the required degree or connections to break into the field. Is there a recommended path (or is it even possible) to make the major switch from Web Dev to Quant?
Re: Quant Job Interview Questions (2009) [pdf]
#13I'm partway through the ML class on Coursera and have only recently rekindled my interest in Math. However, my background is in Accounting (undergrad and did a full years as an accountant), and Software Engineering (masters in SE and full time now for some years). Is there a path to actually move into a Quant Job given a software background, to someone who's mathematically inclined? My fear is that I load up on extra "free" math classes, teach myself through MOOC's and self study, and won't have the required degree or connections to break into the field. Is there a recommended path (or is it even possible) to make the major switch from Web Dev to Quant?
Re: Quant Job Interview Questions (2009) [pdf]
#14"Quant" = Quantitative Analyst?
Yes
Re: Quant Job Interview Questions (2009) [pdf]
#15Earlier quoted context omitted.
I wouldn't be discouraged. I just had a look and parts 1 - 4 are simple maths, and everyone should know those maths anyway. Then part 5 is application of simple arithmetics (except questions 8 and 12) to options, which means if you already know arithmetics you only need to learn what an option is. What I mean is that you should be learning basics maths anyway, and when you know a bit you can solve all those questions…
I have a feeling you have a different definition of "simple maths" than most people.
yea the reality is that the vast majority of people know little to no calculus or linear algebra
Re: Quant Job Interview Questions (2009) [pdf]
#16Didn't expect to see a link up to my graduate alma mater (Kent State U. mathematics department).
I know Oana, if there are any questions about the problems or the course sequence that they fit into let me know.
Re: Quant Job Interview Questions (2009) [pdf]
#17Earlier quoted context omitted.
I have a feeling you have a different definition of "simple maths" than most people.
yea the reality is that the vast majority of people know little to no calculus or linear algebra
I even kinda enjoy it, but the last time I had to do any kind of separable partial differentials was... a decade ago? There's very few domains where it's commonplace.
Re: Quant Job Interview Questions (2009) [pdf]
#18Pretty sure 3.1 doesn't need knowledge of Markov Chains (even if you implicitly use them)
Re: Quant Job Interview Questions (2009) [pdf]
#19Sigh...I guess I'll be sticking with web dev.
I wouldn't be discouraged. I just had a look and parts 1 - 4 are simple maths, and everyone should know those maths anyway. Then part 5 is application of simple arithmetics (except questions 8 and 12) to options, which means if you already know arithmetics you only need to learn what an option is. What I mean is that you should be learning basics maths anyway, and when you know a bit you can solve all those questions…
I guess some of these could be considered basic math, maybe if you associate only with physicists and statisticians. The calculus / related rate problems are straightforward, but most folks will have had no familiarity with Brownian motion, matricies, and most other topics here. Hell, there is little point for > 99% of software developers to think about or use arctangent in any given year.
Re: Quant Job Interview Questions (2009) [pdf]
#20I feel like solving a lot of these questions are just a matter of either domain knowledge, or not being intimidated by unfamiliar vocabulary.
I'd be willing to bet that the vast majority of people who got through a college CS degree would be able to pass this after a couple months of self-study.
(On that note, anyone want to chime in on what the job options would look like if someone had a CS degree and could pass this?)