7.7 Trading Internship Final Round

[Jedison]

I posted this in another thread but this is probably a more appropriate place. I have this coming up next week. I've read a fair amount about the process i.e. the poker chips and whatnot. Any advice?

 

[C S]

Have some different long AND short ideas in the markets. Don't just stick with equities.

 

[euroazn]

Have some different long AND short ideas in the markets. Don't just stick with equities.

This is terrible advice - Jane Street will never ask these kind of questions. This isn't S&T at a bank, after all.

To the OP: Practice your fermi probelms (http://www.physics.umd.edu/perg/fermi/fermi.htm), be sure that you can answer all the questions on http://www.glassdoor.com/Interview/Jane-Street-Interview-Questions-E255549.htm and http://www.wallstreetoasis.com/company/jane-street-capital/interview cold. There's a variety (math/brainteasers/mental math) but I'm sure if you've hit the final round you know in general what you're up against. Congrats on getting this far, it's definitely an achievement.

 

[C S]

This is terrible advice - Jane Street will never ask these kind of questions. This isn't S&T at a bank, after all.

To the OP: Practice your fermi probelms (http://www.physics.umd.edu/perg/fermi/fermi.htm), be sure that you can answer all the questions on http://www.glassdoor.com/Interview/Jane-Street-Interview-Questions-E255549.htm and http://www.wallstreetoasis.com/company/jane-street-capital/interview cold. There's a variety (math/brainteasers/mental math) but I'm sure if you've hit the final round you know in general what you're up against. Congrats on getting this far, it's definitely an achievement.

You're very confident they will never ask this. In my experience interviewers can and do ask "random" questions. Particularly in final rounds.

Those glassdoor type questions are asked in initial rounds to weed out the unskilled. There's a reason jane street keeps asking the same ones. I think the OP is well advised to be on the lookout for the unexpected.

 

[euroazn]

You're very confident they will never ask this. In my experience interviewers can and do ask "random" questions. Particularly in final rounds.

Those glassdoor type questions are asked in initial rounds to weed out the unskilled. There's a reason jane street keeps asking the same ones. I think the OP is well advised to be on the lookout for the unexpected.

After 3 final rounds at various top props, I am pretty confident. In fact, they explicitly often look for people with no finance background whatsoever.

For what it's worth, your second point is somewhat valid - the questions they ask on the final rounds are unlikely to be on the various sites (after all, the sample size of people who got there is smaller, and they have less incentive to share their information). But as long as the OP understands the fundamentals of the other questions, he has prepared as much as he reasonably can.

 

[MNRC]

After 3 final rounds at various top props, I am pretty confident. In fact, they explicitly often look for people with no finance background whatsoever.

For what it's worth, your second point is somewhat valid - the questions they ask on the final rounds are unlikely to be on the various sites (after all, the sample size of people who got there is smaller, and they have less incentive to share their information). But as long as the OP understands the fundamentals of the other questions, he has prepared as much as he reasonably can.

Any offers so far?

 

[euroazn]

Any offers so far?

yeah, all the props and one major bank. I went with a Chicago prop in the end.

 

[MNRC]

yeah, all the props and one major bank. I went with a Chicago prop in the end.

Nice, congrats.

 

[JamalTwenty]

OP, how did it go?