Prop Trading Super Day
I have a super day interview coming up this month with a well regarded prop trading firm for a trading summer internship. I was wondering if anyone could shed some light on what I can expect from a prop firm that would be different from what I am able to find about banks.
Also at this point will the focus mainly be on fit? The questions during my phone interviews had very little to do with fit and I am not sure if I should now shift my focus to preparing that aspect since I will be interviewing in person.
If its a well regarded prop firm it will be mainly technical, mostly quick math and probability I assume in general. But depends on what type of trading that firm does.
Ive had a few superdays with prop firms. Definitely more fit oriented than the phone interviews, but still very technical. Also got asked a lot less about general math, and a lot more about options and futures theory.
whats the company?
OP didn't specify for a reason
Tips on how to prepare for prop shop superdays? (Originally Posted: 01/14/2014)
Hey guys, I got a couple of proprietary trading firm superdays coming up. I think for the most part the firms I'm interviewing with trade oil/derivatives. How are superdays different in content from phone screens, typically? What percentage of applicants make it? Thanks in advance!
It is different mainly for one reason. You meet with the firm founder/partners. They are the only one that REALLY matter. If you dazzle them, you are in. They are going to assume you had a good background since they are talking to you.
So is it more of a fit thing, at that point?
Bump
I was under the impression that you still have brainteasers/mental math, with the additional emphasis on market making games. Interested in other opinions though.
Thanks!
market making games, mental math, brainteasers, and fit.
I remember interviewing at IMC a few years ago, they had this stupid game where they set you into a freezing room, and repeatedly called the phone. Your job was either to buy or sell these options based on your current delta. You had to keep track of the delta on a laptop, but you couldn't use any functions.
Some of the top places have pretty rigorous days planned out. IQ/Aptitude tests are common, timed excel exams and mock trading competitions against the other interviewers and firm employees.
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