Hedge Fund Quant Interview Questions for Quant Analysts
The same round is marked differently depending on the seat you are interviewing for. This is the hedge fund quant set as it applies to quant analysts.
57 questions, 37 of them free to practise right now. The split is 17 easy, 38 medium, 2 hard. The topics that come up most are statistics (32), finance & derivatives (17), random variables (14), probability (10).
- A hundred days of compoundingEasyBrainteasersFinance & DerivativesView →
- A two-sigma tail probabilityEasyRandom VariablesStatisticsView →
- Break-even move after a round tripEasyFinance & DerivativesView →
- Butterfly spread maximum profitEasyFinance & DerivativesView →
- Chi-square test for a varianceEasyStatisticsView →
- Covariance of a chi-square and a ratioEasyRandom VariablesStatisticsView →
- How many new hires to lift the averageEasyStatisticsView →
- Matching a uniform and an exponentialEasyRandom VariablesStatisticsView →
- Net P&L of a two-leg book from DV01EasyFinance & DerivativesView →
- R-squared from the sums of squaresEasyStatisticsView →
- Repricing a bond after a yield jumpEasyFinance & DerivativesView →
- Settlement on a pay-fixed FRAEasyFinance & DerivativesView →
- Skewness of a Laplace variableEasyRandom VariablesStatisticsView →
- Standard deviation of a correlated sumEasyRandom VariablesStatisticsView →
- Sum of the OLS coefficientsEasyStatisticsView →
- Upper bound on a dry weekendEasyProbabilityView →
- Valuing a level perpetuityEasyFinance & DerivativesView →
- A difference of three normalsMediumRandom VariablesStatisticsView →
- Arbitraging a coupon bond against zerosMediumFinance & DerivativesView →
- Average salary, kept privateMediumBrainteasersStatisticsView →
- Bayes: did it rain?MediumConditional Probability & ExpectationStatisticsView →
- Correlation of two face-countsMediumProbabilityStatisticsView →
- Covariance from a triangular densityMediumRandom VariablesStatisticsView →
- Disease test (Bayes)MediumConditional Probability & ExpectationStatisticsView →
- Maximum variance on an intervalMediumRandom VariablesStatisticsView →
- Mean over variance of a nested uniformMediumProbabilityRandom VariablesView →
- OLS slope from four pointsMediumStatisticsView →
- Sum and difference of perfectly correlated variablesMediumRandom VariablesStatisticsView →
- Swapping the regression variablesMediumStatisticsView →
- The German tank problemMediumExpected ValueStatisticsView →
- The profitable range of a short strangleMediumFinance & DerivativesView →
- Uncorrelated but dependentMediumRandom VariablesStatisticsView →
- Variance of the larger of two diceMediumRandom VariablesStatisticsView →
- Whose draw is larger?MediumProbabilityView →
- Why divide by n−1?MediumStatisticsView →
- A second red ball from the same urnHardProbabilityConditional Probability & ExpectationView →
- Two random subsets that overlapHardProbabilityCombinatoricsView →
- A relay team with a feudMediumCombinatorics Premium
- Back out the market premium, then price a stockMediumStatisticsFinance & Derivatives Premium
- Confidence interval with the right pivotMediumStatistics Premium
- Convexity correction signMediumFinance & Derivatives Premium
- Diversified VaR of two positionsMediumStatisticsFinance & Derivatives Premium
- Duration-plus-convexity price moveMediumFinance & Derivatives Premium
- Expected sum given both evenMediumConditional Probability & ExpectationExpected Value Premium
- Identical balls, no empty boxMediumCombinatorics Premium
- Joint default rangeMediumProbabilityFinance & Derivatives Premium
- Minimum-variance portfolio weightMediumStatisticsFinance & Derivatives Premium
- Par swap rate definitionMediumFinance & Derivatives Premium
- Poisson thinning: exactly two large ordersMediumRandom Variables Premium
- Reading an R²MediumStatistics Premium
- Sizing an index-futures hedge in contractsMediumStatisticsFinance & Derivatives Premium
- The cab problemMediumProbabilityConditional Probability & Expectation Premium
- Two face cardsMediumProbabilityCombinatorics Premium
- Two positive testsMediumProbabilityConditional Probability & Expectation Premium
- Variance of a two-regime returnMediumRandom VariablesStatistics Premium
- Which machine made the defect?MediumConditional Probability & ExpectationStatistics Premium
- Why covariance matrices are PSDMediumStatisticsLinear Algebra Premium
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