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Quant Interview Prep Curriculum Guide

quant prep
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0% found this document useful (0 votes)
22 views5 pages

Quant Interview Prep Curriculum Guide

quant prep
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

6/23/24, 7:46 AM Building My Quant Interview Prep Curriculum | Pranav on Data Science

 ([Link]  ([Link]

Pranav on Data Science (/)

Building My Quant Interview Prep


Curriculum
JUNE 22ND, 2021

Building My Quant Interview Prep


Curriculum
I will be graduating in Spring 2022 with a degree in Computer Science and Mathematics from
Northeastern University ([Link] Despite having had more than a year’s
worth of internship experience, I have been at a slight fork in the road in terms of knowing the exact
job/career path I want to specialize in.

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6/23/24, 7:46 AM Building My Quant Interview Prep Curriculum | Pranav on Data Science

I spent 10 months working at a FFRDC (federally funded research and development center) in Cyber
Security, two months working at Dell (also in Cyber), and 4 months working as a software engineer
at a well established fintech company. As of now, my ideal industry is quantitative finance as I
believe the subject matter, and work environment to be a good fit for my personality type.

The quantitative hedge fund industry seems analogous to a highly abstracted game of poker where
billions of dollars are on the line. Working in such an industry will allow me to merge my competitive
drives (satisfied by poker) with my intelectual drives (satisfied by coding and math.) These jobs are
certainly not easy to break into and demand a high degree of interview preparation. That being said,
the skills tested in these interviews seem to cover the entire subject matter of my mathematics
degree. Therefore, the act of preparing for these interviews will aid in the total assimilation of what I
have learned these last 4 years and are a worthwhile activity regardless of my career outcome.

Based on my educational background, there are two viable job archetypes I am suited for:
quantitative developer, and quantitative trader. After conducting exhaustive research I have come to
the conclusion that the day to day job functions of both these roles differ based on the strategies
deployed by specific funds.

Quantitative traders utilize tools built by quantitative developers to execute upon strategies
developed by quantitative researchers. Traders are ocassionally extended research responsibilities
and as well as development tasks depending on the organizational structure, strategy set, and size
of the hedge fund.

The archetype of a quantitative developer appears to be back-end focused requiring skills in C++,
Python combined with algorithm skills and well developed mathematical maturity. Additionally,
database programming skills (SQL) and knowledge of networks and distributed systems seem to be
in high demand as well.

The interview process for a quantitative developer focuses heavily on algorithms and data structures
with bits of math brain teasers dropped in. A quantitative trader interview is the complement of a
quant-dev interview: math brain teaser heavy with bits of algorithm and data structures dropped in.

I have concocted a hybrid interview prep curriculum to ensure I am prepared for both interviews. The
benefit is that practicing the mathematical brain-teasers along with algorithms and data structures
will prepare me for machine learning engineer interviews at big tech companies. Therefore, I believe
this interview prep curriculum to be a sound hedge that will increase my market value regardless of
whether I make it into a hedge fund or not.

Quantitative Developer Archetype


C++/Python/Matlab
Familiarity with machine learning concepts and models
Knowledge of networks and distributed systems
Database programming

Quant Developer Interview Prep


C++ specific knowledge (pointers, templates, design patterns, modern C++ concepts)
Algorithms and Data Structures
SQL knowledge (joins and ability to formulate complex queries)
Probability brain teasers

[Link] 2/5
6/23/24, 7:46 AM Building My Quant Interview Prep Curriculum | Pranav on Data Science

Materials
Grokking The Coding Interview ([Link]
interview)

Quantitative Trader Archetype


High degree of mathematical maturity
Python/Matlab
Financial mathematics + applied derivatives

Quant Trader Interview Prep


Mental Math
Probability and Statistics
Miscelanious logic and math brain-teasers
Calculus and Linear algebra trick questions
Basic stochastic processes
Financial mathematics (options)
Light algorithms and data structures
well developed mathematical proof concepts

Study Materials
Math Trainer (mental math training tool) ([Link]
Heard on The Street ([Link]
Interviews/dp/0994138695/ref=sr_1_1?
dchild=1&keywords=Heard+on+the+street&qid=1624396275&sr=8-1)
A Practical Guide To Quantitative Finance Interviews ([Link]
Guide-Quantitative-Finance-Interviews/dp/1735028800/ref=sr_1_1?
dchild=1&keywords=a+practical+guide+to+quantitative+finance+interviews&qid=1624396241&sr=8-
1)

Study Plan
Module 1: Probability and Statistics + Sliding Window
Algorithms
In this first module, I will do a comprehensive refresher of probability and statistics and practice
sliding window algorithm questions on leetcode ([Link] My understanding of
Probability is decent as I have taken multiple courses that have covered the subject matter.

Materials
A Practical Guide to Quantitative Finance Interviews
Chapter 4
Heard On The Street
Chapter 4
Grokking The Coding Interview: Sliding Window ([Link]

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6/23/24, 7:46 AM Building My Quant Interview Prep Curriculum | Pranav on Data Science

Module 2: General Brain Teasers + Two Pointer


Technique
The brain teaser section of both the quant prep books cover a variety of math topics. The questions
test basic math but in novel and interesting ways. The two pointer technique questions on leetcode
will aid in building my algorithm skills.

Materials
A Practical Guide To Quantitative Finance Interviews
Chapter 1
Heard On The Street
Chapter 1
Grokking The Coding Interview: Two Pointer Technique

Module 3: Calculus/Linear Algebra Review + Fast & Slow


Pointers
I expect the calculus and linear algebra review to go smoothly. I recall most of this content so the
preparation process will simply entail solving the questions from the prep book and actively seeking
tough questions from my old textbooks.

Materials
A Practical Guide To Quantitative Finance Interviews
Chapter 3
Grokking The Coding Interview: Fast & Slow Pointers

Module 4: Stochastic Processes + Merge Intervals


I will likely need to refresh some of my stochastic processes knowledge from my previous
coursework.

A practical Guide to Quantitative Finance Interviews


Chapter 5
Grokking The Coding Interview: Merge Intervals

Module 5: Finish Grokking The Coding Interview +


Mental Math
At this point, I will wrap up my interview prep by finishing Grokking The Coding Interview, and aiming
to hit level 99 on math-trainer.

Materials
Grokking The Coding Interview
Cyclic Sort
In-Place reversal of a linked list
Tree breadth first search
Tree depth first search
Two Heaps

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6/23/24, 7:46 AM Building My Quant Interview Prep Curriculum | Pranav on Data Science

Subets
Modified Binary Search
Bitwise XOR
Top ‘K’ elements
K-way merge
Knapsack
Topological Sort
Miscellaneous
Math Trainer: Reach Level 99
Practice squaring, and square roots of large numbers

Module 6: Estimations
Many quant interviews and big tech interviews have been known to ask estimation-based questions.
These include ‘how much should you charge to wash every window in Seattle’ and the like. There is
an abundance of questions available online for practice. These will be the final and lowest priority
aspect of my interview prep.

 Quantitative Finance (2) (/[Link]#Quantitative Finance-ref)

 Interview Prep (3) (/[Link]#Interview Prep-ref)

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Pranav Ahluwalia
My name is Pranav Ahluwalia. I am a Data Scientist and avid poker player
More About Me ([Link]

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Common questions

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Pranav Ahluwalia integrates materials and methods by using comprehensive study modules that cover probability, statistics, algorithms, and mental math skills. His curriculum includes specific resources like 'Grokking The Coding Interview,' which is suitable for big tech interviews, alongside classic finance interview prep books such as 'Heard on the Street.' This combination addresses both the mathematical rigor needed for quantitative finance and the algorithmic proficiency required for roles in major tech firms .

Probability and statistics play a significant role in Pranav's interview preparation as they are fundamental to understanding and solving many of the quantitative problems posed in finance roles. Probability brain teasers and comprehensive refreshers in these areas are prioritized in his study modules. This foundation is critical for both quantitative developer and trader interviews, as well as for machine learning topics relevant to big tech roles .

According to Pranav Ahluwalia's preparation curriculum, the interview focus for a quantitative developer is heavily weighted towards algorithms, data structures, and programming skills with some math brain teasers. In contrast, a quantitative trader’s interview is oriented towards math brain teasers and probability questions, with some attention to algorithms and data structures. This represents a fundamental difference in skill emphasis between the two roles .

Pranav includes specific learning materials like 'Heard on the Street' and 'A Practical Guide To Quantitative Finance Interviews' in his prep curriculum. These resources cover financial mathematics and derivatives, along with brain teasers related to quantitative finance, preparing him for market-making and trading strategy interviews .

Estimation questions hold significance in Pranav's preparation strategy as they are crucial in both quantitative finance and tech industry interviews. Despite being a lower priority, he acknowledges the abundance of such questions used in interviews. Incorporating estimation problems provides a well-rounded preparation to tackle practical, real-world problem-solving scenarios that employers value .

Pranav Ahluwalia plans to ensure his market value by developing a hybrid interview prep curriculum that prepares him for both quantitative developer and trader roles, while also making him competitive for machine learning engineer positions at big tech companies. This approach involves practicing mathematical brain-teasers along with algorithms and data structures, which are valuable skills across different fields .

Pranav draws parallels between the quantitative hedge fund industry and poker because both involve strategic thinking, high risks, and the need for pattern recognition and quick decision-making. This analogy influences his preparation by encouraging the development of strategic, competitive thinking and a versatile problem-solving mindset that mirrors poker's demands, thereby guiding his focus on applicable skills and knowledge areas .

Pranav's work experience in cybersecurity and fintech has honed his skills in competitive and problem-solving environments, aligning with the quantitative finance industry's demands. His roles involved complex technical tasks that required a balance of analytical and coding skills, shaping his interest in the intellectually challenging, high-stakes world of quantitative finance .

The preparation for a quantitative developer interview prioritizes skills such as proficiency in C++ and Python, familiarity with machine learning concepts and models, knowledge of networks and distributed systems, and database programming skills including SQL. The interview process focuses heavily on algorithms and data structures, C++ specific knowledge (such as pointers, templates, and design patterns), and includes probability brain teasers .

Pranav Ahluwalia's educational background in Computer Science and Mathematics, combined with his personal interest in poker, drives his strategy. Quantitative finance appeals to him as it allows blending his competitive nature, suited by poker, with intellectual interests in coding and math. Therefore, his preparation strategy includes complex problem-solving akin to poker strategies, reflecting his academic strengths and personal inclinations .

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