Interview advice - Quant Intern at $4bn multi-strat/pod
I need some help as I don't have much time. Any hints or tips appreciated.
Applied to a quant intern role as it sounded cool, expected rejection. Just got told they liked my resume and I now have interview with the PM tomorrow (so very short notice).
I am not from a STEM background. Think normal Business/Finance however I have an internship at Meta/Amazon/Uber doing Data Analytics and I have a strong score in a Time Series class.
I am confused on how to prepare as I have no clarity. Can't find any past interview info because they are not Exodus or any large player.
Would give the name but I feel worried incase someone at the firm will see it. They do have 200+ employees for context.
The PM mainly focuses Credit L/S. Which is why I am even more confused now because I don't know if I will get accounting/credit questions or if HR has asked him to destroy my brain with math/programming questions.
As you can tell, this is my first time interviewing with a HF so I am woefully underprepared (my fault).
Thank you for reading.
If you're going to be a quant it's best to make sure that your quant skills are absolutely top notch. Stats is probably most important here because if you're under a PM you will likely be helping build and maintain predictive models. If you have extra time, it would be good to know a little bit about credit but typically these funds think you can just pick up finance fast on the job. Just don't sound like you know absolutely nothing. For example, he's probably not going to expect you to know the Merton Model by heart, especially since it's an internship, but he may expect you to have a general idea of what capital structure is.
Understood, will brush up on some basic stats/probability and maybe brainteasers because I hate them. I feel even though train of thought is important, everything is so competitive nowadays that you need the right answer, and a rough estimate is not sufficient enough.
Is it the hf quant-based? if not, do you know if the pod is quant-based? Worst case ask the HR representative, they should tell you and it's usually in their interest to let you know
Doesn't seem like it. They have a quant strategies team which is what apparently the intern joins. However it seems they support or work with everyone?
That's why I am so confused as the interviewer does not have anything quant related on their profile and they mention Credit.
So either they want some data/quant support or it's something else. Because this is like applying to a quant intern role at Balyasny/BAM and your first interview is with a fundamental PM (not sure if they picked me due to M&A experience).
I've been stressing because I don't really have any credit long/short pitches ready so I was debating if I should do that or brush up on my Math/Stats because even if I fail, I don't want to appear like a 0 IQ candidate.
Might be able to help. Is this Ellington?
Ellington has more than 4B AUM I believe. But I am pretty sure I know exactly which fund OP is talking about.
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