Citadel Interview

Long time viewer, first time poster. I have an upcoming FT interview for Citadel's option market making group. It's supposed to be two 45 minute long interviews - I was wondering if anyone has gone through this process or has any tips/advice to share?

Thanks

Comments (44)

 
Feb 20, 2015 - 11:48pm

Is this for ITAP or FTAP? I can give more insight into FTAP having done the program. As for ITAP, it seems very selective, the people in the program were all very impressive intellectually.

 
Feb 20, 2015 - 11:49pm

Citadel interview technicals (Originally Posted: 09/04/2014)

Having no luck on the job search forum, so posting here as well.

I'm an undergrad studying finance and computer science. I was selected for a first round interview for Citadel Investment and Trading Associate program (ITAP). What mix of finance vs. math/programming can I expect for technicals? It's actually pretty apparent from my resume that I don't have experience in CS, so I'm thinking I'm screwed here. Is it true that they only take math olympiad champion types?

 
Feb 20, 2015 - 11:50pm

Totally just speaking from hearsay, but since you are a CS major (guessing, double in econ/CS?) they will ask you relevant questions to that, absolutely. I'd study up for that. If they are giving you an interview, they definitely have at least a passing interest. They don't interview people they think will bomb out right away. They don't waste time.

"When you stop striving for perfection, you might as well be dead."
 
Feb 20, 2015 - 11:54pm

If you're applying for the ITAP program, they really are hoping that you know at least something about tech and computers and can code a little bit. Although if you're really good at math and stats you might get a pass. Again, only repeating what I've heard from the inside. OP, how do you feel you did on the programming questions? Did they push pretty hard?

"When you stop striving for perfection, you might as well be dead."
 
Feb 20, 2015 - 11:55pm

I think I did pretty well if not because the questions were easy. They were actually easier than the questions you would get from a pretty prestigious tech company. I was interviewed by an alum who also majored in computer science, so I think he had a pretty good idea of what I know and what I don't know. Still, I haven't heard back from them yet.

 
Feb 20, 2015 - 11:57pm

They asked some math based trading questions and some questions about the industry I researched at my summer internship. Coding was super straightforward, think very short/easy code like reversing a string, etc (I didn't actually get asked to reverse a string but you get the idea). I don't want to reveal the exact question for obvious reasons. Some data structure (concepts). Standard brainteasers.

Also, the 15 minute interview with the recruiter is just to confirm if you have any exploding offers at hand. I don't know what they ask internship applicants.

 
Feb 21, 2015 - 12:00am

Citadel FTAP interview process (Originally Posted: 02/03/2010)

Hi, I'm currently a junior at a target school and I have a phone interview with Citadel for their Financial Technology Summer Associate position. Could anyone share some insight as to what I should expect and how I can prepare for the interview?

 
Feb 21, 2015 - 12:04am

I went the whole process and it seems like the most important thing they are looking for is knowledge in C++, object oriented concepts and an interest in finance. The programming part is actually not super hard, and they are also very impressed if you throw in any knowledge in finance.

 
Feb 21, 2015 - 12:05am

interview with Citadel (Originally Posted: 10/29/2013)

Hi everyone, I have a questions regarding a recent interview i had with Citadel. This was the second round.
I did poorly on the two questions that the interviewer asked me. part of the reason is that I am not at all familiar with the type of questions he asked (option pricing combined with prob distribution). But I think I did fine in the behavioral questions. I addressed the reason that I didn't do well at the end of the interview and he said he will take that into account (the fact that i'm new to the type of questions). is it possible that he is going to give me another chance and bring me to an on-site interview?. i was so sad. i spent a ton of time preparing for just prob/stats questions and he ended up asking an option pricing question.

 
Feb 21, 2015 - 12:06am

most likely no, especially if you have any finance background at all. I ran into this same thing when I was interviewing, anytime they asked me an options question(had zero experience with them and no finance background) in the first round I got dinged, and if they didn't ask one of those questions my conversion rate to 2nd round was much, much higher.

 
Feb 21, 2015 - 12:16am

OP, could you share some of the questions that were asked to give a sense of how advanced they were, would be useful for eveyrone to see and then help you understand the questions for the future.

To the guy who says these places only care about raw intelligence. That is true to an extent, but in that logic you could say raw intelligence can figure out a lot of options questions on the spot by working through the problem even if you have never learnt the material.

 
Feb 21, 2015 - 12:21am

Citadel is sick dude, good luck. A buddy from school had an interview with them a few years back and he said it wasn't particularly technical but they gave him a few WAY harder than usual brain teasers... one involved calculating the area in a triangle - the points for which were three random intersections a "pure grid city" - like 83rd and 12th, 21st and 3rd, etc... and he said that each block was 100m... his interviewer said they were interested in "raw intelligence"

I wouldn't put too much stock in that though, it could easily have just been one quirky interviewer.

 
Feb 21, 2015 - 12:24am

Citadel interview tomorrow (Originally Posted: 09/24/2009)

Hey guys,

I have a first-round Citadel interview tomorrow for the ITAP position (investment & trading analyst) - can anyone tell me what the interview will be like? I have a background in banking, but none in either investment or trading. What kinds of questions do they ask? Do they hone in on leadership & personality (like Bridgewater) or care more about technical skills?

Thanks, all!

 
Feb 21, 2015 - 12:25am

I had ITAP two days ago. They asked me questions about my experiences at my previous two internships. Specially, how did I value the companies my firm invested in after the summer? (PE firm) The first person was strictly resume. The second was half resume, half brainteaser. The teaser question was pretty moderate; I got it after a little redirection. Bone up on probability theory if you took any advanced courses.

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