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, all free to practise. 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 →
- A relay team with a feudMediumCombinatoricsView →
- Arbitraging a coupon bond against zerosMediumFinance & DerivativesView →
- Average salary, kept privateMediumBrainteasersStatisticsView →
- Back out the market premium, then price a stockMediumStatisticsFinance & DerivativesView →
- Bayes: did it rain?MediumConditional Probability & ExpectationStatisticsView →
- Confidence interval with the right pivotMediumStatisticsView →
- Convexity correction signMediumFinance & DerivativesView →
- Correlation of two face-countsMediumProbabilityStatisticsView →
- Covariance from a triangular densityMediumRandom VariablesStatisticsView →
- Disease test (Bayes)MediumConditional Probability & ExpectationStatisticsView →
- Diversified VaR of two positionsMediumStatisticsFinance & DerivativesView →
- Duration-plus-convexity price moveMediumFinance & DerivativesView →
- Expected sum given both evenMediumConditional Probability & ExpectationExpected ValueView →
- Identical balls, no empty boxMediumCombinatoricsView →
- Joint default rangeMediumProbabilityFinance & DerivativesView →
- Maximum variance on an intervalMediumRandom VariablesStatisticsView →
- Mean over variance of a nested uniformMediumProbabilityRandom VariablesView →
- Minimum-variance portfolio weightMediumStatisticsFinance & DerivativesView →
- OLS slope from four pointsMediumStatisticsView →
- Par swap rate definitionMediumFinance & DerivativesView →
- Poisson thinning: exactly two large ordersMediumRandom VariablesView →
- Reading an R²MediumStatisticsView →
- Sizing an index-futures hedge in contractsMediumStatisticsFinance & DerivativesView →
- Sum and difference of perfectly correlated variablesMediumRandom VariablesStatisticsView →
- Swapping the regression variablesMediumStatisticsView →
- The German tank problemMediumExpected ValueStatisticsView →
- The cab problemMediumProbabilityConditional Probability & ExpectationView →
- The profitable range of a short strangleMediumFinance & DerivativesView →
- Two face cardsMediumProbabilityCombinatoricsView →
- Two positive testsMediumProbabilityConditional Probability & ExpectationView →
- Uncorrelated but dependentMediumRandom VariablesStatisticsView →
- Variance of a two-regime returnMediumRandom VariablesStatisticsView →
- Variance of the larger of two diceMediumRandom VariablesStatisticsView →
- Which machine made the defect?MediumConditional Probability & ExpectationStatisticsView →
- Whose draw is larger?MediumProbabilityView →
- Why covariance matrices are PSDMediumStatisticsLinear AlgebraView →
- Why divide by n−1?MediumStatisticsView →
- A second red ball from the same urnHardProbabilityConditional Probability & ExpectationView →
- Two random subsets that overlapHardProbabilityCombinatoricsView →
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