Quant Preparation
Morgan Stanley, Tower Research, Goldman Sachs, World Quant.
Job Profile
Building financial models to predict market
behavior Different Profiles Core Quant, Algorithmic Trading, Operations Not a 9 to 5 job (more like 11 to 9) Nice compensation (25+ Lacs)
Preparation Topics
Probability and Statistics, Algorithms, Linear Algebra, Multivariate Calculus, C/C++ (OOP) PUZZLES
Placement Procedure
Competitive Around 7 to 8 people from a
batch Resume Shortlist Written Test (Duration 1.5 hrs 2 hrs) Interview (3 - 4 rounds)
Written Test
A lot of focus on written test (Probably Most
Important Criteria in Final Offer). Goldman Sachs 7 Questions (2 hours)
2 Probability, 1 Calculus, 1 Linear Algebra, 1 Algorithms, 1 C++ Coding, 1. 3 Probability, 3 Algorithms, 1 Linear Algebra, 1 Calculus
Morgan Stanley 8 Questions (2 hours)
Written Test
Tower Research 14 Questions (1.5 hours)
50 % C++ coding, rest 50 % Puzzles and Probability
40% in general is good score Shortlist Around 30%
3-4 rounds of interview
Interview
Focus varies from profile to profile Puzzles in general is common in all
interviews
Important Tips
Focus hard on your strengths Focus a lot on basic concepts Start early Preparation is different from other sectors- more exhaustive preparation required No H.R. Interview C.P.I. is not the major criteria
Resources
C/C++ - Herbert Schildt, Kernigham Ritchie
(Online Material [Link]) Algorithms Course Notes, Cormen, Eva Tardos Linear Algebra/ Calculus MTH 101/102 Probability- Focus on Discrete Probability (ESO 209 Recommended but not necessary)
Puzzles
[Link] basic puzzles WROX book (puzzles and coding) Pratik Poddars blog (best) 40 Puzzles in Probability (Library Book) Other Online Resources
Thank You !
Questions ?