Susquehanna International Group Final Round Interview
Hi guys, I've just passed the 2nd round interviews for SIG (Trading Internship), and I was wondering if anyone has any insights or advice for the final round interviews there. I heard that this is going to be an on-site interview at the firm. Will this be any different from the previous interviews I had? (i.e. 99% math questions, no fit questions)
If so, what kind of math problems should I expect? Will it be similar to previous rounds or just excruciatingly difficult?
Thanks for the input.
I interviewed there for a position a while ago. Im sure the content will be a little different for an internship, but my general format was rotating around the trading floor having casual interviews with different teams, then interviews with HR and potential managers. I also had a group problem solving session where you work through brain teasers with the other applicants.
Its pretty casual there. Their training program for trading is pretty cool, they make all their trainees play some >200hours of texas hold'em before they even see a bloomberg terminal. Very liberal place. Dress code is full casual.
No one on one math questions like there were on the first two rounds of interviews, just the group problem solving. Could be different for an internship though. Hope this helps
I wore a suit for the internship final round (trading), perhaps was a little overdressed. Had a 1 hour, 2 on 1 interview that covered some fit/background questions, but was mostly brainteasers. Difficult, but less difficult than what I'd experienced at some other places (Jane Street, Chopper, and some bank). I went about a problem the wrong way and refused to concede that I was wrong for a while, this was a terrible move. It probably led them to believe that I was far too stubborn. No offer, but I didn't fee like I deserved one.
It'll essentially be a harder version of the previous rounds (phone interviews). There might be more questions where you're not expected to have an exact answer, but to make a market/confidence interval on your answer instead. A couple of years ago when I interviewed, they also did this thing where the interviewers would chat about random things while you work to distract you.
Susquehanna Private Equity SA (Originally Posted: 11/24/2010)
Hi all,
I am looking into applying for SIG's Private Equity ( Susquehanna Growth Equity, LLLP) SA position. Does anybody here have previous experience with SIG's PE arm?
If so, how was it? How can I better prepare myself?
Competition is probably fierce in terms of SA, any thoughts?
I would appreciate all the help I can get.
Thanks!
I recently read an article which polled employees at several banks and SGE beat them all in terms of employee happiness.
bump.
sorry to bump this from ages ago, but does anyone have more info on the SIG PE group (Susquehanna Growth Equity)?
i had a first round interview and got dinged.
first round is HR and all fit other than brainteasers/probability problems at the end.
i didn't expect that at all cause i've been interviewing entirely with banking and have never had that come up.
got dinged because i bombed the probability problem.
Private Equity - Susquehanna International Group (Originally Posted: 11/03/2007)
Does anyone currently work for or have knowledge with regards to the interview process, culture, expectations of the PE division within SIG? I recently applied for a Private Equity Associate position and am gearing up for an interview with the firm. Thanks!
Hello, I am not sure if you got the gig at SIG PE or not but wanted to reach out to you. What was the phone interview like. Was it just mainly finance/hr fit questions or did they ask more prob questions just like they do for the trading side. Thanks. Dawggy.
how was that phone interview dawggy?
Coinvested with them on a deal. Good group of guys - focus on fin tech (algo, trading platforms, DMA solutions, etc.)
bump, would be interested as well
Susquehanna Equity Research - post MBA (Originally Posted: 02/19/2011)
Hey folks, I'd like to get some advice from more experienced folks who are familiar with SIG and/or Equity Research. I have read all the threads on SIG, but haven't found any relevant information. Most the stuff written is about trading, not ER. The ER forums are kinda dead, so forgive me for posting here.
So I am close to getting an offer from SIG, for an Equity Research Associate position (not trading!). I have 6 years of relevant industry experience in the sector they're covering + top 15 MBA + 1 year of PE/VC internship experience (during school plus post-grad work).
However, the offer seems quite low, about 10k lower than average MBA salary. Also, the target bonus is something like 10-20% of base, which seems quite low as well. No signing or relocation at all (I would be moving from another city) ! Considering the long working hours, this seems like a crappy deal? I mean I know the MBA degree is not as valued in ER as in ibanking, but still! I have extensive work experience plus TONS of bschool loans to pay off....I can likely get a chill corporate 9-5 job that pays more!
My concerns:
1) Why does ER at SIG pay so little? I have heard that Bulge Bracket ER out of MBA paying 100-120K base + 30K-40K signing for MBAs + target bonus 40%-60% of base (less than ibanking but still ok). This is almost DOUBLE my current offer for the first year. I know SIG is not a BB bank and I expected maybe a slight discount, but it's still a well known financial institution. Am I getting ripped off?
2) I am interviewing at other places, but let's say I take SIG. What are the annual raises and salary adjustments like? Say like after 1 year and 3 years.
3) What are the advancement opportunities within SIG, or exit ops out of SIG ER? Say after 1 year and 3 years? People always say hedge funds, but I'm guessing that's real tough, only a tiny% make the jump. What can I do if I end up not liking ER?
4) What's the deal with their "non-compete" clause? Does that apply to ER?
5) How are SIG's PE and China VC groups doing? I have never heard of those groups before, so I assume they're not worth getting into? Is it even possible to transfer?
Any insights would be great, thanks!
SIG ER isn't as reputable as SIG trading from what I know - completely separate, and since SIG is only known for its excellence in trading (but correct me if im wrong), it's only reasonable that ER gets discounted a bit
The offer does seem quite low according to industry standards, so I guess they are not really pushing/profiting their research activities and are just not interested in paying up to attract the best candidates.
On the upside, I would imagine that the working hours -and stress levels- will not be away from 9-5, unlike BB research jobs.
It all comes down to what other choices you have. If this is the only option, take it, try it, and look for an early move if you are not happy. Appart from moving to hedge funds, research analysts usually end up working in the industry they cover: corporate finance, investor relations, etc
I think the answer to this question is in the difference between an options market-making firm and a traditional S&T division of a bank. They are fundamentally doing very different things, so your function in ER would be drastically different depending on the position you sign with. In truth, ER isn't quite as important in options market-making as one might think.
thanks for the insights folks. What do you guys think are the exit ops from this position? is it possible to lateral to BB research? or to PE/VC?
ER at SIG isn't valued the same way as trading by the management. It's tough to be in research when you can tell it's not their main focus. I wouldn't expect big raises in ER either, but I don't know that area very well.
Exit opportunities vary. I would think moving laterally to a BB would be possible, but only if you're not locked in with a non-compete (which they make people sign before the market maker class, so I don't know if there is a non-compete for ER)
Where do the large BB recruit on campus for these ER positions (i.e top 5, top 10 or top 15) schools?
Susquehanna Growth Equity - any info? (Originally Posted: 09/23/2014)
Anything on them? Very limited detail floating around on this side of their business. Thanks.
bump
we all know they are hiring.
Great place to be. Brilliant people. Know a guy who used to lead the team there, guy was an all star. SGE is a great place to work if you have the opportunity. Relaxed atmosphere when it comes to pitching investment theses. They sit around a table and shoot the shit. The compensation is also great.
Susquehanna International Group - info? (Originally Posted: 11/21/2007)
Hello all, anyone got any information regarding Susquehanna's IBD? Most of my understanding of them comes from their reputation from the S&T side as a prop firm. I understand their IBD is small and I believe they recently opened it up in 2005?
I have a phone interview with them (specifically the Asian emerging markets group) and would like to learn more/know what info you guys have. I'm interested in knowing their comp, rep, exit opps, and professional development opps. Once again, this is specifically for their IB. Any info would be greatly appreciated, thanks!
I have a friend that works in their IBD, not with the Asia group. Could you give a little more info? Are you out of undergrad or experienced? If you are experienced, what level of experience...BB, MM, etc?
thanks for the reply triple play. I graduated this may (2007) and currently work for a small valuation firm. so i wouldn't even say its a boutique since there is no deal flow just purely valuations. i guess my level of experience is comparable to undergrad?
Also, I should add i went to a semi-target with a 3.6/3.7 gpa.
they did start their group in '05 i believe. They have a number of young bankers. I believe you will fit what they are looking for as far as the analyst level. I dont think they hire too much out of undergrad, thats why I asked but Im not totally sure about that. Obviously trading is the strong point and as far as I know they have a huge capital base, much bigger than most lower MM firms. The Asia group just got on the cover of the 900m Giant Interactive IPO recently, albeit a small co-manager role but that is still a pretty sweet deal for a lower MM bank. But they have the ability as the business gains experience to be a significant player in the low-to-middle market capital markets activity. I believe HR does first round phone interviews and from what I understand, expect alot of probability / logic questions and some basic fit questions. After that, I would assume you would interview with the bankers but I dunno. Good luck.
I was wondering what the analyst pay is for IBD at Susquehanna? I had a friend who started working there and said they don't pay "great" early on, but it gets much better after a few years. So does that mean they don't pay typical starting analyst pay, but it gets better, or do they still pay comparable to other banks?
triple play, thanks for the response. sorry for the slow reply.
if anyone else know more about this firm and the answers to sucker_for_seers questions it would be great to hear.
Susquehanna International Group (Originally Posted: 03/06/2009)
I just got an interview with SIG, where I am really interested in. I had an interview with Jane Street Capital as well. Should I expect similar type of interview? Does anyone have an experience with SIG that you could share? I really want the internship and am hoping to land one with them. Moreover, I have had about four other S&T interviews ranging from ML to GS. Have an offer from one but am considering declining it for SIG. So, it would be great if you could compare their culture/interview style to the IB S&T ones.
Also, could anyone tell me about their culture? people? who they look for?
Thanks in advance,
Very quantitative interview. You will be solely judged based on how you answer the probability/brainteasers. Review those types of questions.
yup. a couple of brainteasers. they like jocks.
The world has changed. And we must change with it.
i applied to SIG back in November.
When did you apply? Am I out of the running?
I applied three weeks ago.
Expect a lot of probability questions. And don't get any wrong or you won't be going to 2nd round.
definitely talk those two things up in the behavioral questions. there is very little bullshit. she pretty much reads questions off a sheet.
my phone interview a year or so ago was 10-15 mins of behavioral and 15 mins of dice, cards, brainteasers.
I thought Jane Street was worse though. Not sure why they would ask mental math questions over the phone and ask that you not to use a calculator or paper. Might as well just skip those and move onto something more useful. How much can you learn from a person by asking them what 159 x 54 is?
Susquehanna (Originally Posted: 11/12/2010)
Hey,
I have a phone interview with them coming up soon and was wanting some advice/experiences with the interview or with the company itself.
I've looked through some threads and the information was sparse in terms of what has been said it seems. I saw most suggest Optiver over SIG in one thread because of the ability to start trading soon, but I don't see why it is a problem to be trained for longer periods of time? Is it a salary thing?
Just any advice would be really appreciated, thanks a lot.
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