El Dorado Trading Interview
All right fellas, im going to post my experience since it would have helped me a few days ago. I had a first interview with el dorado monday and this is how it went:
Phase 1: 20-30 min. They explain the firm to you and give you advice on what to look out for. He explained that they dont ask for "risk capital" or training fees as do many other prop trading firms. They follow a eurobond futures strategy so it involves alot of spread trading, butterflies, etc... The hours are kind of strange for the first year, 5pm to 5am, until your a fulltime trader. But this is because eurobond futures trade nearly 24 hours on globex, and you work 6am to 4pm after your a full time trader.
Phase 2: 10 min. Math test. This can be unnerving if you crack under pressure, but its not impossible. Addidtion/subtraction/division and a few logic based questions. Overall, it is a standout opportunity and they do pay a VERY SMALL salary during the training period. Think of it as an investment into your future. It sounds like the next 2 interviews are with principles from the firm who furthr asses your abilities.
Ask any questions.
Did you also take the online math test?
No I didn't. It was over the phone. Did you do one for them online? And if so, was it before/after the interview?
Thanks a lot for taking the time to share your experiences at a prop trading interview. Since there are very few online resources on prop trading interview and recruiting, I'd like to use this as an opportunity to ask the following questions:
What do they look for when hiring an individual into the trader trainee program? Do they prefer if applicants have a one or two year track record coupled with prior prop trading experience, or do they prefer candidates who excel in a quantitative major instead?
With regards to preparing for the Math test, are there any resources such as books that you would recommended? I'm not sure if I should get a Vedic or Trachtenberg math book, but I certainly do need to brush up on my mental math speed.
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