Hedge Fund Quant Interview Questions for Traders
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 traders.
71 questions, all free to practise. The split is 10 easy, 42 medium, 19 hard. The topics that come up most are probability (30), combinatorics (16), finance & derivatives (15), brainteasers (13).
- A hundred days of compoundingEasyBrainteasersFinance & DerivativesView →
- American early exerciseEasyFinance & DerivativesView →
- Butterfly spread maximum profitEasyFinance & DerivativesView →
- Color switches in a drawEasyRandom VariablesExpected ValueView →
- Even numbers, distinct digitsEasyCombinatoricsView →
- Net P&L of a two-leg book from DV01EasyFinance & DerivativesView →
- Repricing a bond after a yield jumpEasyFinance & DerivativesView →
- Settlement on a pay-fixed FRAEasyFinance & DerivativesView →
- The added babyEasyProbabilityConditional Probability & ExpectationView →
- Valuing a level perpetuityEasyFinance & DerivativesView →
- 25 horses, 5 tracksMediumBrainteasersView →
- Absorption probability on a lineMediumProbabilityStochastic ProcessesView →
- Aces in a seven-card handMediumCombinatoricsExpected ValueView →
- Adverse selection in quotingMediumMarket Making & Betting GamesView →
- An ace in the handMediumProbabilityCombinatoricsView →
- Arbitraging a coupon bond against zerosMediumFinance & DerivativesView →
- At least two sixes in five rollsMediumProbabilityRandom VariablesView →
- Backing out a correlationMediumRandom VariablesStatisticsView →
- Bertrand's boxMediumProbabilityConditional Probability & ExpectationView →
- Conversion arbitrage from a parity violationMediumFinance & DerivativesView →
- Counting straightsMediumProbabilityCombinatoricsView →
- Dice game, up to three rollsMediumExpected ValueStochastic ProcessesView →
- Expected absolute difference of two diceMediumExpected ValueView →
- First to roll a sixMediumProbabilityView →
- Five distinct ranksMediumProbabilityCombinatoricsView →
- Four times as long to the first headMediumProbabilityRandom VariablesView →
- Gambler's ruin (unfair)MediumProbabilityStochastic ProcessesView →
- Gamma and rehedging P&LMediumFinance & DerivativesView →
- Guess 2/3 of the averageMediumMarket Making & Betting GamesView →
- Keeping two apartMediumCombinatoricsView →
- Monty HallMediumProbabilityConditional Probability & ExpectationView →
- Monty Hall with 100 doorsMediumProbabilityConditional Probability & ExpectationView →
- No-arbitrage call boundsMediumFinance & DerivativesView →
- One hundred animals for a thousand dollarsMediumBrainteasersView →
- Painted cube, one face showingMediumProbabilityBrainteasersView →
- Position of the first spadeMediumCombinatoricsExpected ValueView →
- Pricing a digital from a call spreadMediumFinance & DerivativesView →
- Pricing a squared payoffMediumExpected ValueMarket Making & Betting GamesView →
- Probability of three of a kindMediumProbabilityCombinatoricsView →
- Put–call parity with a dividendMediumFinance & DerivativesView →
- Reaching the target before ruinMediumStochastic ProcessesView →
- Rehedging a book after a moveMediumFinance & DerivativesView →
- Russian roulette, re-spunMediumProbabilityConditional Probability & ExpectationView →
- The profitable range of a short strangleMediumFinance & DerivativesView →
- The two-headed coinMediumProbabilityConditional Probability & ExpectationView →
- The winner's curse in a bid warMediumMarket Making & Betting GamesView →
- Three mislabeled jarsMediumBrainteasersView →
- Two face cardsMediumProbabilityCombinatoricsView →
- Two trains and a flyMediumBrainteasersView →
- Weighing 1 to 40MediumBrainteasersView →
- Which coin produced two heads?MediumProbabilityConditional Probability & ExpectationView →
- Which desk books the larger dayMediumRandom VariablesStatisticsView →
- A three-way race to the first headHardProbabilityRandom VariablesView →
- Ages from product and sumHardCombinatoricsBrainteasersView →
- Best-of-seven underdogHardProbabilityRandom VariablesView →
- Blue-eyed islandersHardBrainteasersView →
- Bluffing frequency in pokerHardProbabilityExpected ValueView →
- Counting two-pair handsHardProbabilityCombinatoricsView →
- Defective stack of coinsHardCombinatoricsBrainteasersView →
- Deriving the first-price shading factorHardProbabilityExpected ValueView →
- Guessing cards from a known pileHardProbabilityExpected ValueView →
- HTH before HHTHardProbabilityRandom VariablesView →
- Handshakes at a dinner partyHardCombinatoricsBrainteasersView →
- Hats in a lineHardBrainteasersView →
- More coins, more heads?HardProbabilityCombinatoricsView →
- One of each face before the two of heartsHardProbabilityCombinatoricsView →
- Pirate gameHardMarket Making & Betting GamesView →
- The all-pay auctionHardProbabilityExpected ValueView →
- The boy born on a TuesdayHardProbabilityConditional Probability & ExpectationView →
- The drunk passengerHardProbabilityConditional Probability & ExpectationView →
- Twelve balls, one oddHardBrainteasersView →
Widen the search
This set is a slice of two larger ones. If it is too narrow, start here instead:
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