Citadel Securities Trading Fundamental Analyst Interview
I have an upcoming interview with CitSec for their Trading Fundamental Analyst internship. Here is information from the job posting:
Your Objectives:
- Develop in-depth fundamental knowledge of a sector or industry, as well as broad base knowledge of financial markets
- Identify pricing inefficiencies and collaborate with traders to monetize predictions
- Identify new sources of data and transform unstructured data sets into signals
- Own the information space you work within (i.e. large-cap tech) by monitoring trends in the marketplace
Employ holistic approach to predicting distribution of outcomes and making volatility predictions
Your Skills & Talents:
- Strong academic background from a top school
- A strong interest in financial markets and a desire to learn about the fundamentals that drive them
- Ability to think about the world systematically and quantitatively, as well as the ability to deal with uncertainty in a logical and consistent approach
- Intermediate experience with programming, especially Python, preferred, but not required
I'm an Econ major, so a bit worried about the potential probability/math questions they may ask me. I have a solid foundation regarding financial markets, but really don't have a strong background in math.
I would really appreciate it if someone could shed some light on what types of questions (and level of difficulty) I can expect (probablility/confidence intervals/brain teasers/etc.) and how I can best prepare for these types of questions.
Not sure because it does say “fundamental” as opposed to their semi-systematic trader roles which I assume would place a higher emphasis on math and science principles. In terms of technicals I would say know the following: Expected Value, Bayes’ Rule, Permutations/Combinations, Mental Math, Logic Puzzles. There’s definitely some Im forgetting, but good luck. I did a couple of quant interviews and they’re reasonably difficult but just talk through reasoning and try to reduce a difficult problem to a simpler one.
Any tips on how I can best learn these concepts/questions in a very short period of time? I took a probability class last semester, so they aren't completely unfamiliar to me, but am definitely far from mastery.
Probability class sounds like good prep, I would say review those notes/exams, look up “green book quant finance” (I found some of these sections to be overkill for a UG especially in the type of role you’re describing) and practice mental math.
I Interviewed for a long short equity analyst position in MIA office. Know your probabilities and have a stock/trade you could pitch. Had it on the stock/trade but missed it on some probability questions
Can I PM you to ask you a bit more about the probability questions?
Sure
The interviews were a huge mix of behavioral, basic probability, consulting-like hypotheticals, and market making. It seemed like every interviewer could ask whatever they wanted.
What would you recommend is best to prep? Could you PM?
Pm me. Done it recently.
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