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, 36 of them free to practise right now. The split is 10 easy, 42 medium, 19 hard. The topics that come up most are probability (29), 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 →
- Arbitraging a coupon bond against zerosMediumFinance & DerivativesView →
- Bertrand's boxMediumProbabilityConditional Probability & ExpectationView →
- Dice game, up to three rollsMediumExpected ValueStochastic ProcessesView →
- Four times as long to the first headMediumProbabilityRandom VariablesView →
- Gambler's ruin (unfair)MediumProbabilityStochastic ProcessesView →
- Guess 2/3 of the averageMediumMarket Making & Betting GamesView →
- Keeping two apartMediumCombinatoricsView →
- Monty HallMediumProbabilityConditional Probability & ExpectationView →
- One hundred animals for a thousand dollarsMediumBrainteasersView →
- Pricing a digital from a call spreadMediumFinance & DerivativesView →
- Probability of three of a kindMediumProbabilityCombinatoricsView →
- Put–call parity with a dividendMediumFinance & DerivativesView →
- 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 →
- A three-way race to the first headHardProbabilityRandom VariablesView →
- Guessing cards from a known pileHardProbabilityExpected ValueView →
- HTH before HHTHardProbabilityRandom VariablesView →
- More coins, more heads?HardProbabilityCombinatoricsView →
- One of each face before the two of heartsHardProbabilityCombinatoricsView →
- Pirate gameHardMarket Making & Betting GamesView →
- The boy born on a TuesdayHardProbabilityConditional Probability & ExpectationView →
- The drunk passengerHardProbabilityConditional Probability & ExpectationView →
- Twelve balls, one oddHardBrainteasersView →
- Absorption probability on a lineMediumProbabilityStochastic Processes Premium
- Aces in a seven-card handMediumCombinatoricsExpected Value Premium
- Adverse selection in quotingMediumMarket Making & Betting Games Premium
- An ace in the handMediumProbabilityCombinatorics Premium
- At least two sixes in five rollsMediumProbabilityRandom Variables Premium
- Backing out a correlationMediumRandom VariablesStatistics Premium
- Conversion arbitrage from a parity violationMediumFinance & Derivatives Premium
- Counting straightsMediumProbabilityCombinatorics Premium
- Cutting a cubeMediumBrainteasers Premium
- Expected absolute difference of two diceMediumExpected Value Premium
- First to roll a sixMediumProbability Premium
- Five distinct ranksMediumProbabilityCombinatorics Premium
- Gamma and rehedging P&LMediumFinance & Derivatives Premium
- Monty Hall with 100 doorsMediumProbabilityConditional Probability & Expectation Premium
- No-arbitrage call boundsMediumFinance & Derivatives Premium
- Position of the first spadeMediumCombinatoricsExpected Value Premium
- Pricing a squared payoffMediumExpected ValueMarket Making & Betting Games Premium
- Reaching the target before ruinMediumStochastic Processes Premium
- The winner's curse in a bid warMediumMarket Making & Betting Games Premium
- Three mislabeled jarsMediumBrainteasers Premium
- Two face cardsMediumProbabilityCombinatorics Premium
- Two trains and a flyMediumBrainteasers Premium
- Weighing 1 to 40MediumBrainteasers Premium
- Which coin produced two heads?MediumProbabilityConditional Probability & Expectation Premium
- Which desk books the larger dayMediumRandom VariablesStatistics Premium
- Ages from product and sumHardCombinatoricsBrainteasers Premium
- Best-of-seven underdogHardProbabilityRandom Variables Premium
- Blue-eyed islandersHardBrainteasers Premium
- Bluffing frequency in pokerHardProbabilityExpected Value Premium
- Counting two-pair handsHardProbabilityCombinatorics Premium
- Defective stack of coinsHardCombinatoricsBrainteasers Premium
- Deriving the first-price shading factorHardProbabilityExpected Value Premium
- Handshakes at a dinner partyHardCombinatoricsBrainteasers Premium
- Hats in a lineHardBrainteasers Premium
- The all-pay auctionHardProbabilityExpected Value Premium
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