Best Response

my experience with equities (super day):

where is the S&P? what was the s&p's peak? where do you think the market is going? who runs MS? whats 24 x 25? how did you get there whats the square root of 5000? how did you get it I give you $1M. Would you short rusell, long russell, short s&p, or long s&p? why? some other probability brain teasers/dice stuff. one guy asked me the cube brain teaser as well ... you have a cube thats 10 x 10 x 10 and you dip it in white paint.. how many cubes have no white paint? have a stock ready if you get the pitch me a stock question (obviously) what do you want to do within the division (sales, trading, etc)? why? why equities?

thats all i can think of for now

 

If you want to avoid a lot of the bullshit questions that Jamie Dimon mentioned above (because we all get asked them and they suck to have to prepare for them), you need to convince them right off the bat that you already know that stuff and it would be a waste of their time to even ask you those questions. I successfully pulled that off a couple of times and it made the interviews a lot easier because the ball was in my court and not in theirs.

For example, as soon as they start making their way towards market questions, I would almost recommend taking the offensive and list your theories of what is going on in each of the equity, bond, currency, commodity, mortgage, and credit markets. List fundamentals and technicals. And if you are good, throw out some good derivatives strategies that you would like to use. Make sure you know your macroeconomics too (CPI, NFP, Retail Sales, GDP, Core PCE deflator, etc). And if you are really confident, feel free to ask them their outlook and then you can start discussing the differences between their view and your view.

Bottom line: turn the interview into a conversation and you are golden.

 

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