ICAP Interview Questions

38 total interview insight submissions
Interview Experience (90%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.7
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (88%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

2.8
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (54%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

40%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at ICAP

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Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
1st Year Analyst
Year 2016
Job Title 1st Year Analyst
Group/Division Trading
Location Jersey City
Experience
Positive
Difficulty
Average
Intern
Year 2017
Job Title Intern
Group/Division Brokerage
Location singapore
Experience
Positive
Difficulty
Average
Intern
Year 2016
Job Title Intern
Group/Division Brokerage
Location London
Experience
Positive
Difficulty
Easy
Year 2016
Job Title
Group/Division Brokerage
Location London
Experience
Neutral
Difficulty
Average
Intern
Year 2015
Job Title Intern
Group/Division Generalist
Location Jersey City
Experience
Neutral
Difficulty
Easy
1st Year Analyst
Year 2016
Job Title 1st Year Analyst
Group/Division Brokerage
Location Jersey City
Experience
Positive
Difficulty
Average
Intern
Year 2015
Job Title Intern
Group/Division Generalist
Location London
Experience
Neutral
Difficulty
Average
1st Year Analyst
Year 2016
Job Title 1st Year Analyst
Group/Division Prime Brokerage
Location London
Experience
Positive
Difficulty
Average
Student / Prospective Monkey
Year 2015
Job Title Student / Prospective Monkey
Group/Division Prime Brokerage
Location Madrid
Experience
Positive
Difficulty
Easy
Intern
Year 2015
Job Title Intern
Group/Division Brokerage
Location Jersey City
Experience
Positive
Difficulty
Average

Interview Questions & Answers - ICAP Examples

global broker Interview - Trading

Anonymous interview candidate in Jersey City
Interviewed: November 2016
Date Submitted: Jun 23, 2018
Outcome
Declined Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Presentation
Skills Test
Interview
I reached out to an alum and he put me in touch with an HR contact. We had a brief phone call to discuss my academic background. I received an email that afternoon inviting me into the office for a superday. The superday consisted of a trading simulation, 2 one-on-one interviews, and a group presentation.
Interview Questions
the trading simulation wasn't something I was prepared for, but I believe my confidence and calmness really enhanced my ability to perform well. There was a buzzing countdown in between trades that was meant to increase nervousness, but I think if you remain focused on the relevant information displayed on the screen, you should be fine. The 2 one-on-one interviews were extremely relaxed and were purely behavior/fit based:
why did you study finance
why did you go to (name of university)
why do you want to be a broker
what do you do for fun
have you traveled abroad
do you have any questions for me
Sample Answer

Broker Interview - Brokerage

Anonymous employee in
Interviewed: May 2017
Date Submitted: Apr 14, 2018
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
IQ / Intelligence Test
Interview
The process started with phone interview where we are asked basic question to judge my personality, inclination towards the job and interests. Next I was called in for a trade simulation and a numerical test. After that we had a group activity followed by a one to one interview.
Interview Questions
Why you have chosen to apply to this position
What attracts you to the role to which you have applied
If you have the competencies that are relevant to the industry and the companies culture and values
How is interdealer broking faring in the challenging economic climate?
What is interdealer broking?
What is voice broking, and how does it differ from electronic broking?
What is Mifid II?
Tell me more about yourself
Tell me more about your passions and interests
How will you contribute to the company
Sample Answer

ICAP Spring Week Interview - Brokerage

Anonymous interview candidate in London
Interviewed: October 2016
Date Submitted: Jan 06, 2017
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
Interview
After the initial application, I was invited to a phone interview if successful you get a 'Spring Week' offer, which is actually in June
Interview Questions
What are the differences between the divisions in our firm? Since I didn't know what the firms other divisions were I struggled answering this question. However, most questions were standard competency based questions. The call lasted around 25minutes and I thought it was ok apart from this difficult question since it exploited my lack of awareness into the firm. Other competency based questions consisted of; tell me a time you worked in a team? Tell me a time you communicated effectively? ETC.
Sample Answer

ICAP Graduate Program Interview - Brokerage

Anonymous interview candidate in London
Interviewed: October 2016
Date Submitted: Oct 17, 2016
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Interview
Applied online. 2 online questions - why ICAP and a question regarding regulation. Then received a phone interview, mostly fit and motivation.
Interview Questions
1. Why ICAP?
2. Why you for this role?
3. 1/8 represented as a decimal
4. Tell me about a time when you displayed networking abilities
5. Tell me about a recent piece about regulation and how that has affected the environment of ICAP and the day to day operations of it's employees
6. What is the difference between voice broking and electronic broking?
7. Tell me about a time when you have displayed the qualities of a leader
8. Name some of our main competitors
9. What is the difference between a S&T IB role and an inter dealer broker?
Sample Answer

ICAP Broker Interview - Generalist

Anonymous employee in Jersey City
Interviewed: April 2015
Date Submitted: Apr 19, 2016
Outcome
Accepted Offer
Interview Source
Recruiter
Length of Process
3-4 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Presentation
Drug Test
Background Check
Interview
Phone interview, then group interview then presentation. It wasn't too bad, mostly behavioral questions.
Interview Questions
Initially I tried to undercut the competitor in order to gain market share, hoping that customers would stick with me once I gain enough market share. I then tried to gradually raise prices. This technique didn’t work to well and customers very quickly went to my competitor. I also noticed that gaining market share was very slow and my competitor decreased prices as well which made it harder to increase my prices moving forward. Eventually I changed my strategy and decided to have very high prices since I knew gaining and losing market share was a relatively slow process. I made more money here. After this I analyzed the financial data and realized there was a high fixed cost. I realized we could use fewer vehicles than our total inventory.
Sample Answer

Global Broking Trainee Interview - Brokerage

Anonymous employee in Jersey City
Interviewed: January 2016
Date Submitted: Mar 01, 2016
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
2-3 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Presentation
Skills Test
IQ / Intelligence Test
Interview
First round was a simple phone interview checking basic technical aptitude and general fit questions. Second round was a in person assessment center (AC) round which consisted of a SHL style math test, a timed trading simulation (currency conversions), two one on one interviews and a group exercise and presentation. Final round was a panel interview with four senior executives.
Interview Questions
Who do you know in the market?

As a university student, this question was off-putting because obviously I don't have a wide network in the market. I talked about my school's strong alumni network and the propensity of alumni to network extensively with each other which sets it apart from other small semi-targets it is comparable too.

Exercises in triangular arbitrage.

I did not have much experience with forex, so having to do currency triangles on the go was unexpected for the position I was interviewing for.
Sample Answer

Summer Intern Interview - Generalist

Anonymous interview candidate in London
Interviewed: 2015
Date Submitted: Jan 24, 2016
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Online application where you have to send in a CV and a cover letter. Then telephone interview before a final assessment day.
Interview Questions
They asked a number of slightly unexpected questions. For example, "what would you do with one million pounds if you could not invest it?" Think they just wanted to see what type of person you where and how creative you could be. Another question along a similar line was "what business would you set up and why." These were the only odd questions and the rest were mainly focused around the business area, what they did, what you knew about it, why you wanted to work for the firm and some general market knowledge questions.
Sample Answer

Icap global broking Interview - Prime Brokerage

Anonymous employee in London
Interviewed: January 2016
Date Submitted: Jan 14, 2016
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
Interview
positive, last for 20 mins, relax, a bit informal, medium level of difficulty, got invited to next stage which is assessment centre immediately
Interview Questions
nothing really unexpected; competency: how you react/deal with challenge
how you utilise your networking skills; Describe a situation when you challenge someone you think is working unethically; what is FTSE 100 today;

what do you know about ICAP; what's ICAP share price; name 3 OTC products ICAP facilitate; who are ICAP's competitors (not only for broking business,but also post risk services & information providing business, again research!); Name 1 important regulation which has impacts on ICAP and how it influences ICAP.
Sample Answer

Spring Week Analyst Interview - Prime Brokerage

Anonymous interview candidate in Madrid
Interviewed: November 2015
Date Submitted: Nov 28, 2015
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Interview
I applied through their online application platform and I can say I was very pleased with it, since it didn't require to put a lot of information. Unlike the big banks where you have to respond to several questions, at ICAP I just uploaded my CV an CL. In less than a week after completing my online application, I received an email inviting me to a phone interview two days later. The phone interview lasted for 25 minutes in which I was asked mostly fit questions and not a single technical one, but they asked about my opinion about the markets and how it would affect ICAP.
Interview Questions
What do you think are the best 3 skills for an employee at ICAP?
Give examples on how you showed your integrity, innovative mindset , networking abilities
Sample Answer

Industry Insight Extern Interview - Brokerage

Anonymous employee in Jersey City
Interviewed: 2015
Date Submitted: Jun 23, 2015
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Presentation
Skills Test
Interview
Starts with a basic phone screen where you're either asked all simple fit questions (e.g. your role on a team) or a few basic technical questions as well (what happens to bond prices when interest rates go up, etc.).

If selected, the 2nd and final round for the industry insight externs takes place at their office in Jersey City. You interview with 4-6 other people consisting of a mix of people interviewing for the externship program as well as the full internship.

The interview starts off with a "video quiz" where you have to answer questions presented on a TV screen. Essentially, they show you a video that resembles a CNBC news screen with stock prices, exchange rates, and news updates. You have to answer a series of multiple choice questions regarding what's on the screen in 40 seconds. None of the questions are technical, and they're all mechanical in nature (e.g. If XYZ is currently trading at $1256 USD and has grow 6% since market close yesterday, what was XYZ trading at yesterday in GBP?, etc.). Not hard questions, but you do have to answer them quickly. You're given a calculator, or you can bring your own.

Those interviewing for the full internship then have to take an additional written test, but the externs do not.

This is then followed by a group presentation where the interviewer divides the group in half. You're assigned an asset class (equities, fixed income, credit derivatives, etc.) and given a copy of their annual report and have 20 minutes to prepare a 5 minute sales pitch to a potential investor in that asset class interesting in working with ICAP. This is then followed by a Q&A period with HR. Make sure you have a general idea of all the products/services ICAP provides and what their niche is (BrokerTec, EBS, Rematch, etc.).

Finally, you have a one on one fit interview with HR, which was pretty laidback.
Interview Questions
Nothing was particularly difficult. However, make sure you bring your own calculator and can quickly do percent change type questions on it. Also try to familiarize yourself with a general understanding of ICAP's various products (BrokerTec, EBS, Rematch, etc.).
Sample Answer