Hi guys, Quick question for those in the know... I m having an finance interview with DE Shaw for an intern position. Has anyone been through this, what kind of questions will they ask and how should I prepare? Many thanks guys and gals!
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DE Shaw has notoriously "quant" interviews. It depends on who you're talking to, but they'll quiz you on math concepts and throw brainteasers. Memorizing the Vault guide will do you less good with DE Shaw than with most over firms.
Was clearly my worst interview ever! Not to say that is the norm, I know people who had a good experience, but when I think of it, I just remember the dude sitting across from me telling me how smart he was, and me wanting to plant a left hook on his jaw, get over urself! But great firm if you are quant minded, and their pay is amazing
Thanks a lot... I just dont understand what kind of position they could potentially offer me...I will be a graduate from business school, nothing to do with rocket science maths...I have done previous internships in ECM (corporate finance), and equity derivatives sales...What kind of positions may I fit in at DE Shaw? Even in global macro or Special Situations driven strategies, maths are that important??? Thanks guys...
Try Losh (long-short). They have more generic finance backgrounds.
What group is the interview with? What kind of an internship is it?
most likley a junior trader position. thats where they usually throw entry level ppl..
Do the junior traders guys you mention get to move into research later?
The interview is for a trading position. Dont know on wich underlyings, and I dont have trading experience b4. Will keep you posted! Thanks guys and gals.
congrats on the getting an interview at d.e.shaw. i envy your position :).
a good way to impress the interviewers is by acing the quant math questions and brainteasers. i interviewed for another trading internship and seriously believe that i got called for the next round because i ate the brainteasers up. and interviewers believe that how you handle brainteasers is a good measure of your raw intellect.
google around. here's a good place to start. http://www.techinterview.org
good luck, let us know what happens.
Mostly either mathy brain teasers (maybe even one of those marbles in an urn questions) and some basic finance stuff (forwards, options, etc.)
For the trader intern, there were no math brainteasers, but perhaps that's a background issue. The problems were generally basic finance (forwards, options, hedging) and probability.
Statistics, basics of modern portfolio theory. Re-read the intro to your most upper-level econ/finance books and it should jog your memory enough.
No not just junior trader. DE Shaw is now a full fledged IM firm. They have guys doing PE style deals so not all is quant trading. However, the previous poster did hit the mark. Good luck hope you beat the ridiculous odds.
I know a kid who works at DE, w/ a degree from a low-rate school, go figure
Strange that there's so many puzzles being given in interviews these days for trader positions.
I prepared by going through some of the questions right here:
http://programmerinterview.com/index.php/puzzles/introduction
Good luck
Sorry to bump up an old post, but do business majors have any realistic chance at the junior trader position at D.E. Shaw? Any past instances of such student getting an interview?
Again, try losh (long-short). They have more generic finance-y backgrounds.
Hey I am majoring in maths... can anyone suggest the positions for which I could apply?
DE Shaw Internship Interview Advice (Originally Posted: 01/31/2009)
I have a finance interview for a finance and operations internship with DE Shaw. I realize there have been a number of posts about DE Shaw interviews, but I was wondering if anyone interviewed for this specific position before. I would think that this interview would be less technical and quant than the more front office roles, but I was wondering if anyone had advice. Thanks.
Trading, they like tech and math guys.
Four rounds - starting with lower level positions and ending with a senior VP. Interview was more laid back than front office roles - mostly walking through your resume, asking why you want to work here, etc. but they do throw in a couple of (relatively easy) technical questions and brain teasers. I was asked to describe a finance topic in detail (as if I was teaching a class) and also asked a simple probability brain-teaser type question. Overall people were laid back and helpful - good luck!
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DE Shaw PHONE INTERVIEW for internship (Originally Posted: 10/16/2009)
Hey,
I am a sophomore/junior at a non-target school. I had a friend who passed over my resume internally and since i have a few licenses already, might get a call for a phone interview. It would be either for sales / trading or quant research. What should i expect, i know that they can ask technical questions or brain teasers , any advice . thanks
You're not getting a call for an interview.
actually the strategic growth dept emailed me saying i should expect a call within the the week. that was after a few emails back and forth in which they asked for more information.
I stand corrected - there are lots of old threads, definitely worth your time to do a search. DE Shaw doesn't have a "sales/trading" aspect (unless they pulled a Ken Griffin in the past few months).
agree with ideating..dont mean to discourage you..DE Shaw normally does this procedure of asking for more information but they are highly selective in recruiting...good luck though..
First - you have a few licences? As a soph/junior in college? What type of licenses are those?
Second - buy-side firms don't have S/T, only T.
Third - you had your resume passed through by an insider for an internship, but you don't know whether you are applying for a trading or quant role? Which info sheet did you fill out? They are different, you know.
yes i have a 7, 66, 31 . i also have life and health and property and casualty but i dont like insurance so have no need for them and they will expire in a month or two
On the application it said for both T and quant research and trading.
DE Shaw Interviews (Originally Posted: 02/01/2007)
I have interviews for Securities Trading and Quantitative Trading with DE Shaw via on-campus summer recruiting. Anyone ever been through this process with them? How intense it is? I'm guessing its mostly brainteasers?
which division, quantitative or qualitative strategy? I have no idea what to expect on the latter, but for the former, you WILL be asked a few programming questions (last year I BSed it and just talked about how I would go about designing the algorithm.. didn't get the job) and maybe something about finance theory
my friend got to the third rounds with them. very intense, mostly brainteasers and questions in whatever field you majored in.
Does anybody in general know how many rounds of interviews follow the first on campus found? The first round seemed to be a general fit/background in finance round. Is the second more of a test of mathematical aptitude, etc? Is there something particular I should do to prepare for second round interviewing (ie. refresh my stat knowledge, etc?)
D.E Shaw Interview (SA) Expectations (Originally Posted: 10/18/2014)
Hey guys,
There have been some threads in the past about this, which I've read, but they're a bit older or quickly veer off topic without answering the question.
For non-quant trader SA positions what should I be expecting in the interview? I'm very comfortable with keeping things conversational/fit, but would like to be prepared if these interviews tend towards looking at proofs or anything like that (one of my majors is in a hard science).
Thanks in advance,
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