Imc quant trader assessment reddit Source: I trade index options at one of the shops you mentioned I would say however that generally IMC is not a top firm when compared to other quant places--I would argue that their interns are generally a tier below the top shops and their return rate was very low this year which often is a bad sign about firm performance. Anyone know what their cutoff score is for 2nd round? If anyone has taken imc tradings 2 online assessments for the quant trader intern role what was it like? How much probability/stats knowledge is required? Locked post. true. In finance you're always on your feet for what comes next, and you get paid a lot. I have for quant trader intern. We discuss the purchase and specific manufacturing details of replicas of brands that fit into the categories: office wear, business, high end sportswear or gentleman's clothing. Firms I will be applying are perhaps Akuna, IMC & Optiver (if you have others to recommend please do) I'm in the interview process at these 4 places for a quant trader position starting in summer of 2023. True they are more ‘trader led’ but it does depend on the desk. Nov 30, 2023 · 21 IMC Trading Graduate Quant Trader interview questions and 20 interview reviews. In contrast, there is no back-office trader, trader always in the front-office. I misremembered as I applied for both at all of them. PhD quant here. Mar 19, 2023 · Background. High-frequency trading (HFT) is a type of algorithmic financial trading characterized by high speeds, high turnover rates, and high order-to-trade ratios that leverages high-frequency financial data and electronic trading tools. IMC 2023 Quantitative Trader (new grad) phone interview . Drawing on their deep expertise, our teams are constantly innovating – leveraging data-driven tools and the power of disruptive technologies to find an analytics edge. Please help me out. Mainly looking for quantitative trading type roles, not research (not because I don't want research but because it seems out of my reach). Not the headquarters but still has a few hundred employees and a very big quant team. So you can find a few quant positions at almost any buy-side firm. The first interview was with a recruiter and a quant. I recently did IMC's online assessment for graduate quant trader, and I received a rejection the next day. in expectation, the ROI and opportunity cost with a PhD pales in comparison to a B. I'm thinking of applying to an MSc to better my understanding of quant finance and to give myself more time to prepare for interviews i. None of this is firm specific, but I can give you some insight from my experience as a quant trader at a similar market maker (imc, optiver, citadel, sig, jane street, drw, akuna). This is primarily a US Navy-centric subreddit, but all are welcome. Then I received an HR call with some basic questions. a. Now, I’m wondering if anybody here knows what to expect. We offer internships in a variety of disciplines, including quant trading, quant research, software development, and hardware engineering. Reddit has been super helpful to me , so ask anything , I’ll try to answer it to the best of my knowledge. model validation quant, the candidates who wish to be a quant a. Is there any truth to this? I'm aiming at applying to reputable firms like IMC and HRT. Marble system makes comp one of the best and very transparent. Does anyone have insight on culture and career progression for either firm? I was a SWE intern in big tech before, so I don’t know much about the industry besides the searches through this community, interviews, and some 13 votes, 11 comments. The questions for both threw me off completely Sorry for bothering, I'm studying master degree of engineering in Taiwan. While outsiders may view IMC as a trading shop, it is very much a technology firm - priding itself on the meticulous design and development of software, hardware, advanced networks, and trading algorithms. Given that most trading at IMC is automated, a significant part of a trader’s role is to optimise our trading strategies and system. If you feel like doing more normal trading, indeed might be a good place. However, quant trading is an extr 39 votes, 51 comments. options theory So far I’ve gotten hackerranks from Citadel, Akuna, and Optiver, and an email saying that I’ll be receiving one soon from IMC. Is this for IMC? I did the assessment about a month I’m not sure how much weight companies give this, as IMC sent me a one-sided video interview shortly afterwards, but the whole process is not too bad aside from the time taken I recently received an invitation for the IMC Trading Quant Trader Internship online assessment (OA). The whole industry is moving towards quantitative methodologies even if they aren't 100% driven by a quantitative process. I took the oa yesterday. My knowledge of actual trading is quite bad, only during my masters did I begin to learn about bonds, futures, swaps… So your knowledge of actual finance* is quite bad, your knowledge of actual trading is nonexistent. Just in case there was any confusion, there is no royal road to quant trading roles. I think too many people on this sub are into narrow quant stuff, not that it doesn't make great money at some firms. Being a 'quant trader' in IMC/Akuna might mean something very different. Obviously take this with a grain of salt since it isn't the same job, but hopefully this sheds some light on what you may expect. there's more overlap in a back office quant role, but it's still not a big enough overlap to offset someone with the equivalent number of years in industry Wiki at: https://japanfinance. Attention new and aspiring quants! We get a lot of threads about the hiring process, interviews, online assignments, and timelines for these things, To try to centralize this info a bit better and cut down on this repetitive content we have weekly megathreads for this content, posted each Monday. Sep 16, 2018 · quant questions (Originally Posted: 05/08/2007) can you guys list the quant questions you've gotten in interviews? specifically, the more mathemtical/less finance-y ones? thanks. Since it’s your first time applying, I’ll give you some personal advice (I went through most the interview processes from start to finish, I will also rank them based on which I thought was best from best to worst): Take part in introductory sessions including a general welcome to the program, an introduction to IMC, and a tour of our office. Both are decent shops. I have a few questions and would be grateful if anyone could share their experiences or insights: What level of difficulty can I expect in the OA? Are there any specific topics or concepts I should focus on in preparation? A subreddit for the quantitative finance: discussions, resources and research. Banks still employ the majority of quants. Members Online Weekly Megathread: Hiring, Interview and Assignment Advice The comments from OP are good, particularly coming from someone walking down the path of quant trading at a prop trading shop. Whether you’re a quant researcher, trader, analyst, developer, or FPGA engineer, your Local Traineeship will equip you with the skills and knowledge you need to make an impact at IMC. Granted, I should have brushed up on my probability (completely blanked on some of the questions involving continuous distributions). I recently received an invitation for the IMC Trading Quant Trader Internship online assessment (OA). It does take them time to schedule the virtual superdays, so don't sweat it. - Career growth (i. SIG - Best WLB, heavy trader emphasis, great education. 245K subscribers in the csMajors community. Feb 10, 2017 · I have been selected to appear for IMC Trading's first round online aptitude test for an internship in Trading. I applied for Amsterdam quant trader position, for the first round they gave 80in8 , sequences test if you pass these 2 after few days got an email saying that i need to take brain games assessment sadly i got rejected in those games , so yeah most people I know are passed those tests A trader spends significant time using Python skills for data analysis to understand where systematic improvements to trading can be made. Our global quant researchers have the full force of IMC’s evolving technology stack at their disposal. There are three sections: Verbal Ability, Numerical Analysis and Logical Deduction. Can I break into hedge funds after one or two years in similar role on the sell-side? B. Essentially the main thing is that for delta one you can generally be pretty successful purely reducing it to a data science problem. I didn’t make it past that round but if you do then it’s a super day to determine your CoutureReps is a mature community for enthusiasts of low-key fashion from China. I think what really matters is your role: what are you going to do ? option houses are known to be human-trader-centric. Front office sell side quant is closer to 40-55 hrs a week. For quant trading, I would give an analogy of math competitions. If you're good at logic from your math background, you could definitely pass some easy assessments, but I doubt IMC's will be simply logic like that. Just got an invitation to schedule an interview with a trader after the first HR phone screen. The second was pretty hard for me. Additionally, they work very closely with software engineers. Unfortunately, I have not really found any complete tutorials online for how to prepare for quant trading interviews. I had two online math/stats/logic tests, a phone call with non-technical recruiter, then 30 min interview with a trader. Yes it definitely depends on the company's pay structure, like for 2021 onwards flow traders pays out 35% of the bonus over 4 years but this would still be taken into account as "unrecognised variable expenses", pre 2021 bonuses were given in the year that the bonus was recognised so the values above were indeed from 2020 results. e. Thanks to everyone here :-) I recently had final round trading internship interviews with both Jane Street and IMC and did not get an offer from either. Now I'm trading with stock, futures, and options, I'm also trading crypto and some DeFi project with on-chain data. given what others have said i'll have to see what comes out of the recruiting process lol Our roots stretch back more than 70 yrs to a time when we were first established in 1947 and began making higher education more accessible for working adults, many of whom were servicemembers and veterans returning from World War II. Take some courses in financial mathematics/option theory and learn how to program. Although I've worked in Europe, so that might be different from the USA recruitment experience. Oct 31, 2024 · The first round is an online assessment with 20 questions, and the second round is a video interview asking about how to interpret quantitative concepts for those who are not in the field. is more relevant for Trading Options in a market making firm. Take everything you read online with grain of salt, but talk to people you trust about what the market looks like 10 years from now. IMO, best is probably optiver then IMC then SIG then the rest (ofc there are better but they not based in sydney. Anyone know what to expect in terms of difficulty/questions? Feel free to DM as well! Edit: This is for the quant trading internship. I’ve got offers for Belvedere’s Junior Quant Trading Analyst internship and Virtu’s Quant Trading internship. These two sectors of quant finance are now intruding on each other's territories. Maybe IMC looks a bit better on the CV, but that marginal difference doesn't matter really. I have a few questions and would be grateful if anyone could share their experiences or insights: What level of difficulty can I expect in the OA? Are there any specific topics or concepts I should focus on in preparation? I've heard that the quant trader career path has far less job security than the researcher/developer roles. For both Quant Trader and SWE one-way interviews, IMC got back to me within 3 days. I was wondering if anyone else had already gone through the process and would be willing to share what types of problems I could expect to be asked. . DRW - Heavy math and data science emphasis. IMC’s hands-on internship program is built for driven high achievers who are eager to make an impact and explore a career at a leading trading firm. Maybe at random/legacy trader centric shops it'll be bad but at the firms OP listed (JS, Optiver, IMC, Sig) SWE is fine. I'm surprise u/zlbb put Domeyard on here but missed all the other good quant firms in Boston. I applied to their summer 2020 quant trader internship and they sent me a math assessment that I think I got 12-13 out of 15 on. The #1 social media platform for MCAT advice. My experience is exclusively for undergraduate internships, but we also have a one-way video interview. All were pretty doable, but of course you were on a timer. github. Tower is classic HFT and 2sig is classic long (for quant) time horizon. As an intern, I was given some research projects to work on which ended up staying in production and providing values to the team. To strengthen our cutting-edge research environment, we’re actively embracing disruptive technologies – like machine learning, AI, and large-scale computing – to strengthen our data analytics, back testing, and trading simulation capabilities. Optiver- Probably the fastest comp growth. A trader spends significant time using Python skills for data analysis to understand where systematic improvements to trading can be made. Struggling to find resources and stay on track to take the FE Exam? Whether you are still in school or have kids in college, I want to help you pass the FE and take the next step in your engineering career. But following this they will have an in-person interview at their office. I've been honestly leading towards IMC just because everyone there seemed really friendly and helpful and they offered more but at the same time I don't want to hurt my chances at having the option to lateral in the future or having less comp growth in the case that I would really like what I was doing at Hey, I'm currently a final year undergraduate at Loughborough University studying Maths w Stats and I'm looking to target a role in quant finance post-university - ideally a quant trader role. io/ Whether you're a new resident with questions about credit cards and cashless payment options, a long-term resident curious about pensions and life insurance, or a digital nomad wanting to talk crypto gains and tax treaties, this is the sub where you'll find informed discussion, friendly advice, and high-quality answers with links to reputable sources. The interview with a trader was brutally hard and there’s nothing I could’ve done to prepare lol. Best of luck on your path to becoming a successful quant trader! 😊 Okay that's good to hear but that makes it even that much harder to choose between them. Most quant shops are cherry picking and will only hire you if you have top grades and top internships and ideally a gold or silver medal in a math competition. That’s definitely not an issue though. Whatever your area of focus, you can expect a combination of desk-based training, ongoing guest lectures, and structured learning led by the brightest minds in I don't remember what IMC's first round was about, but all the Math you need for early rounds (and often beyond, at least for internships) is contained in A Practical Guide to Quantitative Finance Interviews by Xinfeng Zhou (also known as the Green Book among Quants, current and aspiring), and the coding questions in early rounds rarely go past 10 years in quant trading here, Inc as team lead. I got some mixed answers online about the interview being purely behavioral or some technical. My solution was ~70 lines and involved queues. I have also been preparing for the mental arithmetic part for around 2 years now, using: rfqjobs Optiver test (scoring 50-60), rankyourbrain expert (scoring well, if the only available position is back-office quant i. Most likely complex DSA like graphs, dynamic programming, backtracking etc. At firms, especially ones that are highly automated like IMC or HRT, your job as a trader is to execute and manage risk. REMEMBER OPSEC. Therefore, it’s important for a trader to be able to effectively communicate the technical aspects required to implement new trading features. I am personally bullish on HFT from my experience. I have 2+ year's quantitative trading experience, and have two intern experience, both of they are related to quant training and the crypto field. Oh yeah I’d actually read your post and was doing some of the Rank Your Brains tests which was super helpful! I am just concerned that they’d changed it as the test was online and said to have a calculator handy, and mentioned having to use data and statistics. Nov 7, 2018 · 14 IMC Trading Quant Trader interview questions and 14 interview reviews. The numbers there will probably be a lower bound as trading company internship salaries seem to be increasing year over year In the context of this sub, quant usually refers to quantitative trading roles at hedge funds/quant firms. Have a gaming/sports betting/poker culture and view on trading. IMC’s quant researchers are responsible for building and maintaining a set of algorithms and quantitative strategies and models to improve our trading capacity. This summer I will be working with IMC Trading, and they recently gave me the opportunity to refer anyone that I thought would benefit from the opportunity. Ive done a bunch of quant prep and am going to be joining imc trading as a trader soon. Under their guidance, you’ll gain unparalleled insights into the dynamic, high-stakes world of a trader and experience first-hand what it takes to thrive in our fast-paced environment. When I did my interview for a grad (quant) trader role there was nothing as complicated as this. Fyi , ive gone through the processes for a lot of MMs such as maven , maverick, da vinci, optiver, tibra etc so you dont have to be IMC specific. Hi, I completed the math/probability/combinatorics assessment for the IMC Graduate Trader role (15 questions, 60 min) and, based on an invitation to… I recently did IMC's online assessment for graduate quant trader, and I received a rejection the next day. IMC Trading is a leading proprietary trading firm and market maker with a global presence. I'm curious about pay/WLB/culture across the four. E: I was slightly off, i got a hackerrank for SWE from citadel and Akuna, and a hackerrank for quant from Optiver. Quant Research is a pretty big deal at IMC. Also worth mentioning that I think RenTec has the highest paying quant jobs, but probably followed closely by citadel! Many quant positions sponsor UK visas, so you can apply to many London jobs too. What are the skills needed to break into quant research role? I am currently doing a master in quant finance for a top school. As far as I know I need to complete 18 questions in 24 minutes. The work also seems pretty exciting/interesting Nov 19, 2024 · 11 IMC Trading Quant Research Intern interview questions and 12 interview reviews. Projects are small needle movers with recruiters if they have obvious relevance. I've also heard that it is a glorified name for someone who monitors the positions in a portfolio. I will probably be working on the sell side after graduation either in quant or trading. The first question was a fairly simple recursion problem ~10 lines. Everyone wants these roles because these companies pay their employees extravagant amounts of money (whether you’re an SWE or quant trader). More siloed trading style. 34 votes, 12 comments. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. A subreddit for the quantitative finance: discussions, resources and research. I got rejected here. It's going to be a mix of behavioral and technical questions. I'm not in Quant research yet. I have work experience in Python and went through a decent amount of DP problems on Leetcode (but from what I gather it is not asked for Quant Trader roles, as opposed to Quant Research?). Seems like everyone here only talks about prop shops and quant funds when in reality that's the smallest percentage of quant jobs avalible out there. I’m a new Quant Trader at a top tier trading firm (think Optiver, IMC, CitSec, JS), converted fulltime from internship. fyi/internships have been accurate in my experience and could give you a general ballpark. Hey I interned at a market making quant firm (SIG, Optiver, IMC, Jane Street, Akuna etc. You'll learn about all the work we do through interactive presentations, gain insights into the research, trading and tech roles on offer here at IMC, and get the chance to network with established full-time employees over food and drinks. There are (as mentioned) SWE roles, as well as Quant Trading and Quant Research. Until recently I was a PhD student who fell out of love with academia so took a Master's instead and left. p will have no choice but to apply for back-office quant. s. That being said, if you’re interested in trading and have strong quantitative ability, you can try show your talents through extra curriculars (usually these companies host trading competitions at uni campuses). Most of your interviewers will not take more than a few minutes to look at your cv, especially so for junior roles. /r/MCAT is a place for MCAT practice, questions, discussion, advice, social networking, news, study tips and more. The MCAT (Medical College Admission Test) is offered by the AAMC and is a required exam for admission to medical schools in the USA and Canada. pushed to becoming an excellent trader) - Reputation, resume value, and exit opps into other trading firms and quant hedge funds a couple years down the road (I want to be in New York) - Comp and comp growth - WLB and turnover Please let me know what you think and thank you After 1st assessment, it took me three weeks to do HR, then two weeks for first trader, then they scheduled my final round for the week after w/o notice one day after my first trader. I’m from a non-target school and I am giving myself 1 full year to practice for quant Trader Interview before I apply. So, applied to IMC for QT around 2 I’ve scheduled my HR phone interview after doing the initial assessment and one way vieple video interview. academic research != quant research and there are very few things that overlap. Next to that, make sure your knowledge on options/market making is solid. ) in their sydney office (joining another one soon). First of all, I wouldn't have gotten as far as I did without the information on this sub-Reddit. I worked at one of the "trader-y" firms that OP listed as a SWE and being treated "terribly" as a SWE seems a bit overexaggerated. I have around 11 years of experience across 4 countries (3 yrs as a software developer after graduation + 8 years as modeling and systems Actuary). Quant trading is much more execution focused. CSCareerQuestions protests in solidarity with the developers who make third party reddit apps. ehhh. Dive into a nine-week trading internship at IMC, where you’ll be mentored by industry experts who live and breathe the world of trading. I mean why would somebody hire an Australian if they've got an incredible talent pool already in USA or Europe - most of the top candidates would already have an internship or two under their belt & come have a university background that the local firms are familiar with. in STEM + 5 years as a quant. This is a follow up post to my earlier posts here… 58K subscribers in the quant community. Appears to be a little more cutthroat in culture. So for the competitor within the quant field that I've earlier applied for and had interviews with, I did a programming assignment and 2 different tests. Trading has always been a reach-goal for a lot of aspiring CS and Math majors in college. Jan 10, 2025 · Resume Screen, then Online Assessment, then One Way Interview, then HR Call, then Trader Interview, then Final Round Superday. Consider also Susquehanna which has a lot of fundamental analysts and maybe among the strongest prop trading cultures out there. Free interview details posted anonymously by IMC Trading interview candidates. I wanted to explore if I'm interested in Quantitative Finance (Roles in Quant Trading and Quant Development specifically) and build some projects around it, and I started off with learning some basic Financial Theory through an MOOC (Financial Markets by Yale), but I found the MOOC to be very unstructured. The technical interview at IMC is a pivotal stage that involves a comprehensive assessment of your analytical skills, problem-solving skills, and technical knowledge in trading and market dynamics, often conducted by a (senior) trader and occasionally by a recruiter. S. fyi and levels. But I'm almost close to Qualifying as an Actuary. After this I did a total of 3 interviews before getting rejected. Heard new grad offer for IMC, DRW, Optiver this year are: 175K/50/150 (Optiver) 175/75/60-120 (DRW) 175/75/70-120 (IMC) not as certain I also wouldn’t be a new grad for this role at IMC and would be paid in euros rather than Chicago based USD. I was a trader but also worked very closely with the quant team. As I come from a non-quantitative background, things are more challenging so I need more time to prepare. I've worked at an HFT firm. good to know, i applied to the graduate quant trader role and was offered consideration for the graduate quant researcher position which actually sounds more up my ally (master in stats). 234 votes, 56 comments. I have a few questions and would be grateful if anyone could share their experiences or insights: What level of difficulty can I expect in the OA? Are there any specific topics or concepts I should focus on in preparation? View community ranking In the Top 5% of largest communities on Reddit. Do not post your command or name! Post all questions and discussion about recruiters, MEPS, the Delayed Entry Program, Enlisted Ratings, "A" Schools, Officer Candidate School, Boot Camp, and transferring to your first command in our sister subreddit, r/newtothenavy. Each round tested competition level math questions that involved probability and expected value. Hi! I have my 1st round technical interview (the one after the behavioral interview) with IMC for the quant trading role. I'm now looking for a quant trading job as it seems like something I'd like - math + money. Most of all, quant trading firms are looking for smart people with good numerical skills that can think quickly. I'm about to take their assessment for 2024 I'll let you know how it is. The hard prerequisites to be qualified for the job are actually quite low, but in order to actually succeed in the interviews, often you need quite a bit of math/stats. Some more specific questions: I know Optiver has a marble system, but the recruiters are not very transparent with how much a marble is- do new starters even get marbles? The #1 social media platform for MCAT advice. However, even for the questions I knew how to do, I felt like my method was too long. There are many paths to quant trading, with prop trading / market making being one of them. All about studying and students of computer science. Jan 10, 2025 · First an Online Assessment, Second a zoom interview with a recruiter, Third, a shared screen technical interview with a quant researcher. Not an IMC intern but just wanted to note that levels. sdzcf ryxj sikjl mabxqqm mfwm ghml iipj rsha yfyu tdnh