Fidelity Investments interview questions

I was contacted by a recruiter about two weeks after I submitted my resume on their website. I spoke with her for an intitial interview where I was asked very basic questions about my background and skills. I then had another phone interview with one of the managers to go into a little more detail about my experience. After that, I was flown out to their office in Merrimack for an in person interview. I had three separate interviews that each lasted 45 minutes. The interviews themselves were very casual and I could tell that they were interested more about fit rather than my actual qualifications. I was asked maybe five "typical" interview questions total, and the rest of the time was more of a conversation about the position, company, area, etc... The whole process was wonderful. I was kept in the loop the whole time about next steps and where the hiring managers were in their decision making process. I spoke with someone from Fidelity's HR almost everyday. They were incredibly helpful in letting me know what I needed to do on my end, and what was going on on their end. Overall, I just felt very valued during the whole process and during the interview. I wasn't made to feel like a "number," but an actual person that they were genuinely interested in getting to know.

The interview process consisted of five one on one interviews. Two of them were simple fit and resume interviews. They asked the usual questions: "Why do you want to work at Fidelity?", "Walk me through your resume", "Why are you interested in asset management?", etc. During my interview with the quantitative analysis head, I was asked some very simple questions relating to regressions. He wrote out a regression and asked what it would mean if the coefficient attached to a variable was large and negative and then what a negative "T" score of three would mean. The only case study was a question dealing with a coffee maker and what I thought the residential and office market sizes for it would be. I was then given a very simple word problem. The people were very nice and the interviews were fairly casual. I thought that I interviewed very well and was informed, on a later date, that they liked but could not hire me. They thought that I was too "green" to hire, especially considering that I showed primary interest in the fundamental analysis group.