Da fuq just happened in my interview?
I just got off a 2nd round interview with a S&T desk. The interview format: 3 MDs got on the phone 1 by 1 to interview me.
First MD: I absolutely bombed, was beyond horrid. I couldn't even do basic calculations because of nerves
Second MD: Did pretty well, no errors, answered every question thoroughly, but took an extremely long pause on one question and asked my interviewer to repeat his question.
Third MD: Crushed it
At the end of the call the Third MD asked me what I knew about options, to which I replied "I have a working knowledge of options and the purposes they serve, but I am not familiar with the nitty gritty details, and I have never traded options before." He ends the call by telling me to learn options and be ready to talk about them on Monday.
I'm a little thrown off because I was the most incompetent someone could be with the first guy, so I assumed I got auto dinged right there. Did I advance or is this still part of my current interview?






If I were you I would not be
If I were you I would not be on WSO, I'd be learning some options.
Can't tell yet. They will
Can't tell yet. They will have a discussion internally and let you know or not
I would suggest you go and
I would suggest you go and crush every options related textbook and online resource you can find.
Contact: [email protected]
See my other blog posts
Thanks all, WSO never ceases
Thanks all, WSO never ceases to amaze me how helpful you guys are. Some users sent me different texts on options. I truly appreciate the help.
May also not be a bad idea to
May also not be a bad idea to mention that you were a little nervous during the first interview but reviewed the questions over the weekend you missed and feel you can answer them now if that's relevant. They may not care, but at least it shows initiative.
Good luck! Just curious,
Good luck!
Just curious, what kinds of calculations did the first MD have you doing? Mental math/brain teaser?
read about options...duh
read about options...duh
Eventus stultorum magister.
They all asked market
They all asked market awareness questions, a few fit questions, and a few technicals. I'll write up a lengthy post on it after my interview is complete on Monday. No brain teasers. The calculations came from conversion rates and interest payments. I fumbled with the first guy on the mental math pretty badly, but I recovered and finished strong with the last two MDs. I'll post specifics on Monday.
I don't understand why you
I don't understand why you need help here, the MD literally told you to know options.. so study options.
Realistically, your chances depend on your competition. If they are strong, then you're probably done. Generally, the people getting the job come away killing the interview (or at the very least, not bombing it)
grapefury: I don't understand
I don't understand why you need help here, the MD literally told you to know options.. so study options.
Realistically, your chances depend on your competition. If they are strong, then you're probably done. Generally, the people getting the job come away killing the interview (or at the very least, not bombing it)
Some users sent me pdfs on options, which I have been reading and they have been very helpful.
http://www.investopedia.com/u
http://www.investopedia.com/university/options/#ax...
Best source I could find on the web.
The Four E's of investment
"The greatest Enemies of the Equity investor are Expenses and Emotions."- Warren Buffet
http://www.optionsclearing.co
http://www.optionsclearing.com/about/publications/...
I know its the thing they give you when you open an options account, but honestly it is really good material.
Contact: [email protected]
See my other blog posts
What kind of firm was this?
What kind of firm was this?
@TS mind sharing some of the
@TS
mind sharing some of the options related text?
hope you get an offer, no worries.
cheers.
The best way to learn about
The best way to learn about something is to jump into the fray. While this advice won't prepare you for Monday, it's best to "have some skin in the game." Aside from that, McDonald R. L., Derivatives Markets (2nd ed., Addison Wesley); Solid reading material that will introduce you to the underlying mathematics of derivatives markets, and it will provide insight into fundamental strategy.
"I'm short your house"
3 diff MDs trade 3 diff
marcellus_wallace: 3 diff MDs
http://www.optionseducation.o
Update: Just got off the
Well congrats!!
Congrats OP! Would you mind
Actually congrats OP
Eventus stultorum magister.