What should I expect for an entry-level HF interview?
I am interviewing with a PM for a mid-sized MM (1-5B AUM) for a junior analyst role. I'm currently a senior in college without much work experience in public equities investing. I think my general finance fundamentals are strong, and I have experience with statistics and data analysis tools like Python but I am not a STEM major. Most of this is self taught from personal projects.
This is a second round and was wondering if I should expect questions about their specific sector coverage, probability/brainteaser questions, general investing questions etc.
Interviewed with pods and grad schemes at large multimanagers during the start of my senior year; was asked a lot about specific ideas, stock pitches, how I think about businesses, thoughts on specific sectors and then some technicals/valuation stuff.
I’ve also been asked mental maths (square roots, multiplication) and some EV questions (probability brainteasers, dice games and card games etc)
Thank you for the response! I'm not super worried about brainteasers or valuation but I was wondering if you could give some more color on pitches and ideas. The fund itself is less fundamental l/s and more fixed income arb type strategies, and the specific role is in special situations which I dont have much info about.
I do have internship experience covering sectors like tech/healthcare but I'm not sure if that's relevant at all to the role or to the pod.
I guess what im asking is if I should prepare a pitch on sectors I've worked in, or their coverage group and how preparing a pitch on a SPAC or spin-off would look like through a lens of finding arb/generating absolute returns vs generating alpha.
I'm surprised to hear about the mental math and brainteasers part. I interviewed for the grad programs too and it was all the first type of questions you mentioned
Yeah P72 doesn’t do it, but I was also able to interview with specific pods at some MMs and the analysts did ask. I ended up getting into a grad program at C/M and was asked those types of brainteasers there too.
I do think it’s an important trait for analysts to have (EV and probability stuff specifically, not mental math), so I’m surprised it’s not more widely tested.
good to know, thanks for the color
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