Jane Street Institutional Sales and Trading Intern Interview

Based on the most helpful WSO content, the Jane Street interview process for an Institutional Sales and Trading Intern is known to be rigorous and math-intensive. Here's what you can expect:

1. Final Round Overview:

   • The final round typically involves 4-6 interviews lasting several hours.
   • You are given 100 poker chips at the start of the day to make bets on scenarios provided during the interviews. These scenarios often involve probability, trading terms, and decision-making under uncertainty.

2. Preparation:

   • Before the final round, Jane Street sends a sheet outlining trading terminology basics, such as bid and ask prices. Study this thoroughly, as you’ll need to use these terms fluently during the interview.
   • If you have prior trading experience, it’s an advantage, but even if you don’t, focus on understanding and practicing the terminology and concepts.

3. Interview Content:

   • Expect math-heavy questions, including probability problems and brainteasers. Some questions may be unsolvable or require advanced knowledge, but the focus is on how you approach the problem rather than the final answer.
   • You may also encounter scenarios where you need to phrase trades correctly. Miscommunication or errors in phrasing can lead to unfavorable outcomes, so precision is key.

4. Key Tips:

   • Stay calm and focused, even if you lose chips or face tough scenarios. The number of chips you end up with is less important than your reasoning and decision-making process.
   • Avoid overthinking the chips during non-chip-related interviews, as some sessions focus purely on math or problem-solving.

5. Additional Advice:

   • Look up interview questions for Jane Street and similar firms (e.g., SIG) on platforms like Glassdoor for more practice.
   • Be prepared for the possibility of unsolvable questions, as they are designed to test your thought process rather than your ability to find a solution.

Good luck with your interview!

Sources: Jane Street Final Round - What to Expect, Q&A: Sales And Trading Internship, GS 2018 Superday, Goldman Sachs Interview Process, J.P. Morgan HireVue Interview Questions: What to Expect