1/28/15

I've applied for a junior trader position with this firm, and so they've sent me an email with directions to take an online mental math test.

Does anybody know what the Akuna test is like, specifically? Can't seem to find too much information about it online. All I know is that there is a 22 minute time limit, and I've got 2 weeks to take it.

Thanks in advance.

Comments (58)

1/28/15

'akuna matata bro ;)

Financial Modeling

1/28/15

.

1/30/15

I'have taken it. First park is simple mental math with no fractions. The second part is sequences of letter and numbers. I breezed through the math test and decided I didn't need to prepare for sequences. God I was wrong.

1/30/15

Thanks a lot. This is what I've heard as well, so I'm doing a lot of sequence prep right now on TraderTest. So you didn't find the mental math too terrible? It sounds so far like it's easier than the Optiver test, which I've taken (and didn't pass).

"When you stop striving for perfection, you might as well be dead."

1/31/15

Got the same email as well. Is it 80 in 8min?

1/31/15

Got the same email as well. Is it 80 in 8min?

1/31/15

It's unlimited number of questions under 5 or so minutes, if memory serves me right (exact time is mentioned in the email). Math part was easy.
I have an Optiver test to do too. But I they did not mention the deadline for submission. I have an exam this week so I am wondering if they will wait one week. Their recruiters didn't reply to my email so far..

3/2/15

Hi Belonik. Did you had the Optiver test ? If yes please let me know about how difficult it is and some questions that you remember

3/2/15

Hi Belonik. Did you had the Optiver test ? If yes please let me know about how difficult it is and some questions that you remember

3/6/15

It is pretty difficult. Optiver is a great place so you have to be competitive. You can find the example questions in this thread above.

3/6/15

It is pretty difficult. Optiver is a great place so you have to be competitive. You can find the example questions in this thread above.

2/2/15

Akuna test is 7 minutes of math, 15 of sequence per the email I received.

@belon Make sure you know how to deal with non-simplified and mixed fractions for the Optiver test.

"When you stop striving for perfection, you might as well be dead."

2/4/15

The email which I received mentioned that the test was 22 minutes long. Anyone know what this test consists of?

2/4/15

Johnemoore:

The email which I received mentioned that the test was 22 minutes long. Anyone know what this test consists of?

Read the other replies to this thread

"When you stop striving for perfection, you might as well be dead."

1/6/17

7 Minutes of arithmetic, 15 of sequences ( mostly numerical but some alphabetical - no geometric pattern recognition like Tibra though)

2/6/15

How did you do pete?

I'm planning on taking it tommarrow

Financial Modeling

2/6/15

How did you do pete?

I'm planning on taking it tomorrow

2/7/15

Just took it, finally. Had to have the place empty and make sure I had enough prep.

Honestly, if you can do the "easy" level test fairly well on TraderTest and the Medium or Hard sequence test, you're set. It's literally almost exactly like that. There's occasionally harder problems, but you could ignore them and still do very well.

Math is almost all decimal, there's weird stuff like (48/75)/(12/75) but of course in that case you can just treat them as 48/12, which is 4 in this case. I got two of those. The rest were not bad...just make sure you can handle decimals.

The sequences were mostly the same as the TraderTest Hard level, as I said...but there were a couple that I had never seen before and were a struggle. I'd say, just do some searching on the internet and look for as many different kinds of sequences as you can.

Overall, not too bad...not sure how well I did, I answered 41 math questions I think, but probably missed one or two. Answered (I think) 20 sequences questions, probably missed a couple. Not sure if that's enough to pass, but we'll see.

"When you stop striving for perfection, you might as well be dead."

2/10/15

So, quick update, my scores were sufficient to move to the next level, and so next up is a personality assessment, also online. Should be interesting to see what that is. I'm guessing it's similar to most that you might take.

"When you stop striving for perfection, you might as well be dead."

2/10/15

Way to go! I did as well!

2/10/15

Way to go! I did as well!

2/28/15

Hey Pete or Ice, any updates on how the next steps went and what they entailed?

3/1/15

That was probably the hardest sequences test I've ever taken. The pattern usually isn't obvious and many of them require a bit of math to get the answer.

3/8/15

I had done 49, got 49 on Optiver...didnt make the cutoff !!

3/8/15

Just to keep everyone updated on this thread, did not end up making the cut. Took the personality test, which I felt I did very well on, and there are actually some logic and sequencing questions at the end, which I nailed. I have a feeling I didn't get picked for the next round because of my school, major, or GPA..or some combo of those three.

The personality test is similar to one you might take for a Meyers-Briggs personality indicator...not really anything you can do to prep. It's not timed either. 185 questions in total if I remember. Doesn't really take you too long if you're not screwing around.

"When you stop striving for perfection, you might as well be dead."

3/10/15

I did not make the cut either. :X Looking at the email list they had their choice of 50 candidates from top tier schools.

1/6/17

I recommend taking a meyers briggs online and seeing what personality you are, then tweak your answers to get INTJ or a similar set-up. Once you've gotten in the mindset of that personality, go take the akuna test. Most of the questions are really similar to 16personalities.com's test

3/11/15

Yeah I saw that email too, definitely was a long list of ivy league students there. I'm sure that weighed into the decision heavily.

"When you stop striving for perfection, you might as well be dead."

4/12/15

PeteMullersKeyboard:

Yeah I saw that email too, definitely was a long list of ivy league students there. I'm sure that weighed into the decision heavily.

I wonder if Optiver does the same thing. That kind of sucks though. I would of think that they would pick you for initial round based on your school and so forth and if you tie with someone their school or GPA is the tie-breaker.

4/13/15

I would have thought so as well, I mean I don't know what else it could've been, and I honestly figured I did pretty well in all the tests up to that point. I've tried speaking with someone in HR there, strangely they sent me an email just the other day (many weeks after initially rejecting me) letting me know they had hired who they were going to hire for the position and decided not to choose me...no kidding, I knew that already.

She said the typical things about self-study and how they "look for the trader mindset, which is something you can't put on a resume, they just have to see it in you"...not much help if you *do* self study but still didn't get an interview. I don't know. It's hard to say, I'm fairly certain it came down to the school/major/GPA thing. Can't be too mad about it, that's how the world works. It sucks, but there's not much you can do about it at this point in time.

"When you stop striving for perfection, you might as well be dead."

10/19/16

Trust me they do not, I recently got in and they only asked for my GPA after they offered me the job ;). Just have to be quick on your feet, that's all.

4/13/15

I am on the same part as you. I will be doing the webcam interview today, hopefully I pass that part, as I want to see what kind of technical, and behavioral questions are asked on the phone interview and the final interviews, if I even manage to make it there. Probably won't since I am not from a target school.

1/6/17

Any info on the structure of the WebCam interview?

10/11/16

To bring this topic up to date, I think there is a fair possibility that the math test has changed a bit. I had to do a lot of dividing four digit numbers with two digits, e.g. 3264/48. Sequence test was pretty much the same as elite trader hard test as mentioned by others.

Does anyone have a clue what will be asked in the webcam/phone interviews? Mostly fit or heavy on brain teasers and technicals?

Array

Best Response
10/12/16

from my vague memory...probably something like the following:

  1. what does it take to be a good trader?
  2. (cant remember..something related to how you perform under pressure perhaps?)
  3. list of math problems to solve (more complicated math...maybe like 1/2 * 5/2 + 7/3)
  4. easier math problems (on the screen, you just read out your answer basically)
  5. 1 probability question (maybe like whats a better bet, heads $5, tails -2$, or rolling a die and you get x.5 the value of the die. Now what would you need the pay out of them to be if they were to be equal in expected value)
10/13/16

.

10/14/16

Webcam:
Mental math - 2 digit multiplication, etc.
Behavioral - I think it was talk about some extracurricular or something.
One easy expected value coin problem.

Next round phone interview:
Mental math
Combinatorics question
Expected value question
Square root of a large number
Options basics

10/18/16

For webcam, is there time limit for each question?

10/18/16

Behaviorals had a limit between 1-3mins, math and prob had 1 min.

Array

1/6/17

I know Akuna is mostly in the options market-making business, but given that this is for an entry-level position/internship, how much do they expect you to know about option-pricing theory?

10/17/16

y'all are lucky you have the skills/smarts to pass these tests

alpha currency trader wanna-be

10/18/16

my scores for 1st interview for those who wants a benchmark.
got 80 math questions. didnt' skip any. (7 mins)
sequence: i thought it was to see who gets the most, skipped a lot, basically only did the ones where i can find a pattern in the difference between x and x+1. apparently there is a 30 question limit, i reached that with 5 mins to spare. probably got sub 10 correct. won't be surprised if it's closer to 5.

Didn't think i made it past that , but doing video interview today!

11/3/16

Does anyone know what personality types they're looking for in the personality test? I want to be honest, but these tests can be so subjective and you don't really know what they're looking for.

11/3/16

be honest.
I think most trading firms are looking for analytical people, smart, competitive, decisive in decisions, and not afraid to take advantage of others misinformation/mispricing of securities.

11/5/16

For personality, I would typically say that traders need to be 'TJ's, and most typically INTJ.

This is actually my first post, but check out a site called '16personalities' (google it) - it's a useful and very accurate test that'll give you some pretty precise recommendations about your strengths and weaknesses.

Prop-Trading recruitment can be a disappointing to a lot of high achieving students as a lot of the time the decision between a hire or not is personality - and personality isn't something you can really fake out. If you're disappointed that you don't fit a certain personality type and don't make it into any good firms I would be of the view that further down the track when you're in some other career you might actually be greatful for not getting into certain gigs.

I would say mental sharpness is something that you can definitely prepare for, but prep will be much easier if you've done things before that are conducive to it, i.e. speed chess, poker, complex video games, competitive sport etc. Though tradertest is good, if you have a lot of time try and play 'Zetamac' a few times every day. I would say an appropriate score is somewhere between the 40-50 range, anything above that is a bonus and likely won't yield you much marginal benefit in day to day trading.

11/5/16

Thanks for the zetamac link. I did a test at Optiver once and it was slightly more difficult than this one though. Scored a 22 on my first try, so still a lot to practice :-)

11/11/16

Yeah I did Optiver and did very well on it, but I think zetamac builds on the same higher level fundamentals - which are ultimately what are required on the job.

12/26/16

just took a math/sequence test from Akuna today.
it was 7 mins for math and 15 mins for sequence tests allotted.
was reading the above comments. was surprised to see some people solve 40 to 80 math questions in 7 minutes. super awesome!! that is like solving 5 to 11 in a minute. Terrific.
as per my potential my plan was to solve 3 questions in a minute if easy and 2 questions if they are hard.
i managed between 20 to 30 questions in 7 minutes, dedicating 2-3 questions to solve in a minute. My bad. i got to improve.
Regarding sequence I managed 10 problems in 15 minutes.
I won't make it through probably. Too Slow :-(

1/6/17

I only got through about 30 of the arithmetic questions (and 30 of the sequences) so assumed I did not pass, yet I was still moved on to the personality questionnaire, and then the hirevue interview, which will be available next week. Not sure how they calculate the math scores in terms of moving people onwards - there might be a higher weight on sequences since trading is a lot of pattern recognition.

1/18/17

Did you take the hirevue interview? I heard it is only 5-10 minutes. What questions were asked? just Behavioral?

1/27/17

I took the hirevue, it was I think 2 behavioral and then one on camera math question and one on camera probability question

2/17/17

I interviewed there a year or so back for a trading job. I got dinged after phone interview. I did not finish a few of the questions on Hireview and still moved on. If you pass the phone interview they will fly you out to Chicago on the weekend and give you an answer while you are still there.

2/19/17

Has anyone made it to the final round yet and could share their experience?

3/16/17

Did you ever find out anything about the final round?

3/16/17
3/16/17
3/16/17
Add a Comment