Susquehanna International Group (SIG) Equity Research Associate First Round Intervire

Hi,

I will be having an upcoming phone interview with an HR for this position. I would love to hear any suggestion on how I should prepare for this? From what I understand, there will be brainteasers, probability and stock pitch?

ANy take on this? Thank you!

Comments (47)

Jan 15, 2014

Never got a stock pitch - just lots of brainteasers and probability.

Ex: I draw five cards from a randomly shuffled deck. What is the probability that those five cards are in either ascending or descending order?

Jan 15, 2014

Thank you for the reply. How was the interview. Do you think it was hard? I will google samples of brainteasers and stuff, but if there is any tip on how I can prepare for these, please let me know!!

Jan 15, 2014

Know basic probability and game theory is all of the advice I can give you. Also poker culture is pretty big at SIG (the founders were actually pros)

Jan 29, 2018

Does it count as ascending/descending if two cards of same value come in consecutive?

Jan 16, 2014

Very interested in this as well. Anyone have any other input?

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Jan 17, 2014

ER interview will be much less probability/quant based than a normal interview at SIG (trading/derivs). Think industry expertise, stock pitch type questions. Maybe a modeling test at some point.

Jan 17, 2014

Backing up with Chobo said, it's much less brainteasers and more about basic accounting and more importantly stock pitches. It'd be better to pitch a less well known company (have 2 long and 2 short), when I got interviewed my Monster Inc. pitch was torn apart. One of my good friends is an ER associate there and he mentioned that he got a modeling test in the later rounds.

Jan 18, 2014

Wait. So there will be stock pitch? My friend who is currently working there said there will be none lol.

Jan 19, 2014

It really depends on the analyst interviewing you. My first round was just an HR call, the second with the analyst was more technical.

Jan 18, 2014

Wait. So there will be stock pitch? My friend who is currently working there said there will be none lol.

Jan 20, 2014

Depends on the analyst. My first round was general behavioral w/ HR. 2nd round was stock pitch, why ER, why sell-side, relevance of background, etc. 3rd round was more of the same + them telling me what makes SIG great/different.

No brainteasers. It wouldn't make sense to use those for a non-trading role but it sounds like some others have gotten them so who knows...

Jan 31, 2014

How did the interview go with HR? Have a phone interview coming up, and don't want to walk into game theory unprepared.

Jan 31, 2014

Curious, how is SIG in ER?

Feb 3, 2014

Jw, how long did it take you guys to hear back from SIG? (before the first phone interview)

Feb 8, 2014

Anyone know what comp for an associate is like at SIG?

Feb 8, 2014

~75-85k base with a year-end bonus i believe (for first year)

Feb 28, 2014

I had two interviews with SIG ER Group. I understand that there is a modeling test. Did you go through one? Can you elaborate?

Jan 22, 2015

hihihohohaha2, curious how it turned out, what was the HR screen like? Standard HR questions (tell me about yourself, why SIG, etc.) or more technical too? I have an interview coming up here and it's my dream job so would appreciate any help anyone can provide on ER interview process...

Oct 21, 2016

How did your interview last year go? I have a first round phone interview for ER at SIG next week and I'm pretty nervous cause I've read online that it's really difficult. This thread is giving me a different view though, saying that ER will be a bit less mathematical than a regular SIG interview...Any tips/advice? The interview is with a campus recruiter.

Oct 23, 2016

Curious to hear how it goes ER-skirt. I am looking to leverage a BB buyside ER offer for opportunity with SIG.

Feb 24, 2016

I met directly with the analyst I'd be working for and a few members on his team. Associate working for him got me the interview. Then got sent modeling assignment and case study.

Oct 23, 2016

I'm actually interested in this is well. Is anyone familiar with their institutional group's compensation for ER and S&T? Is is competitive with the street?

Since SIG is such a great shop for prop trading, I can definitely see them growing into a player in institutional brokerage.

Hoosier Nation

    • 1
Oct 23, 2016

Worked there for two years after being at a bulge bracket for more than three years. Resources weren't quite the same but I imagine are competitive with any ER department of its size. Experience is highly dependent on the analyst, like anywhere else. Equities management is certainly charged with making SIG a top ten equities platform and the firm appears to be making decent progress.

On Comp. They provide you with a range a at the beginning of the year which provides some transparency going into year end. That said the three comp cycles I was on I saw my comp range decrease significantly each year, which seemed consistent throughout the ER department. My forecasted comp for 2012 was about 60% of my 2010 full year number. Team was let go earlier this Spring, after two years my severance was a whopping $1,000, was told the firm has no formalized policy so I shouldn't have expected anything..... I felt so slighted that I didn't even bother signing the separation agreement

Respect the hell out of a lot of people there but the shrinking comp and the way I was treated on exit left a pretty sour taste in my mouth.

    • 1
Oct 23, 2016
nycskibum:

Worked there for two years after being at a bulge bracket for more than three years. Resources weren't quite the same but I imagine are competitive with any ER department of its size. Experience is highly dependent on the analyst, like anywhere else. Equities management is certainly charged with making SIG a top ten equities platform and the firm appears to be making decent progress.

On Comp. They provide you with a range a at the beginning of the year which provides some transparency going into year end. That said the three comp cycles I was on I saw my comp range decrease significantly each year, which seemed consistent throughout the ER department. My forecasted comp for 2012 was about 60% of my 2010 full year number. Team was let go earlier this Spring, after two years my severance was a whopping $1,000, was told the firm has no formalized policy so I shouldn't have expected anything..... I felt so slighted that I didn't even bother signing the separation agreement

Respect the hell out of a lot of people there but the shrinking comp and the way I was treated on exit left a pretty sour taste in my mouth.

Thanks for the insight, this was very helpful. May I ask where/what you transitioned to after?

Best Response
Oct 23, 2016

I don't know much about ER in general or ER at SIG in particular, but I interviewed with them for Trading internship posiiton. I didn't make it to their final round, but the first 2 rounds consist of progressively harder probablity questions. You can research stuff regarding this on Glassdoor there are plenty of questions there and it was quite similar.

    • 2
Oct 23, 2016

Don't worry about the probability; that's generally for trading. You've got most of it down. Stock pitch, technicals, behavioral, and maybe check out an earnings report and be able to update a model/do a quick write-up.

    • 1
Oct 23, 2016

Had a friend interview with them in the fall for a FT EQR role as a new graduate and she said she was drilled with probability questions.

    • 1
Oct 23, 2016

I had an interview literally this week and I got no probability questions at all.

Oct 23, 2016

How did it go? I'd appreciate to know what was involved. Thanks.

Oct 23, 2016

Expect probability questions and brain teasers... they love those

Oct 23, 2016

pm me

Oct 23, 2016

please pm me I'm interested to know more

FreezyD

Oct 23, 2016

Tell us a little about your background - also how did you land the interview?

Don't listen to anyone, everybody is scared.

Oct 23, 2016

Hey...how'd this end up? First round with HR or with the analyst? What kind of stuff did you get?

Oct 23, 2016

what desk?

Oct 23, 2016

brush up on probability. first rd is all probability questions.

Oct 23, 2016

the ad didn't say which desk.

Oct 23, 2016

there have been recent posts on this - do a search

after reading them, if you have any questions, pm me - you'll see on prior threads that bateman and I, among others, have been through this interview process recently

Oct 23, 2016
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Oct 23, 2016
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Jan 29, 2018