Quantitative Research Interview Questions

815 quantitative research interview questions shared by candidates

ED 1.Option payoff: (Max(s1,s2),0)+, find the p1,2 that could maximize the payoff(p1,2 = -1) 2.Option payoff: 1(s>k), use which model to price it VP 3.go through your resume 4.internship experience, discussed a strategy I developed before, asked a lot details 5.assumptions of OLS 6.why no multicolinearity; how to check multicolinearity (VIF), definition of VIF statistic, other methods without checking VIF? (large r squared, but none of the parameters is significant) 7.stepwise 8.arma, acf and pacf plots, very detailed 9.probability problem, conditional probability 10. expected time to clean up 100 dirty apples in a bag, pick one each time ED 11.go through your resume 12.my exchange experience 13.internship experience 14.probability, classic 3 doors problem, should I switch 15.conditional probability 16.BS equation, why no u? (no arbitrage) 17.difination of brownie motion
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Associate - Quantitative Research

Interviewed at JPMorganChase

3.9
Feb 18, 2017

ED 1.Option payoff: (Max(s1,s2),0)+, find the p1,2 that could maximize the payoff(p1,2 = -1) 2.Option payoff: 1(s>k), use which model to price it VP 3.go through your resume 4.internship experience, discussed a strategy I developed before, asked a lot details 5.assumptions of OLS 6.why no multicolinearity; how to check multicolinearity (VIF), definition of VIF statistic, other methods without checking VIF? (large r squared, but none of the parameters is significant) 7.stepwise 8.arma, acf and pacf plots, very detailed 9.probability problem, conditional probability 10. expected time to clean up 100 dirty apples in a bag, pick one each time ED 11.go through your resume 12.my exchange experience 13.internship experience 14.probability, classic 3 doors problem, should I switch 15.conditional probability 16.BS equation, why no u? (no arbitrage) 17.difination of brownie motion

1)X,Y are standard random variables, the correlation is 0.5. Given X, what's the conditional distribution of Y? 2)A,B,C are r.v.s. correlation between A and B is 0.9, between B and C is 0.9. is it possible that A is unrelated to C? 3)Given two assets, their average return, variance of return and correlation. Find a portfolio such that the sharpe ratio is optimal. 4)toss coins consecutively, get 1 pt if head is up and 2 pts if tail is up. So we can get a sequence of total points. Question: what is the probability that we have 100 pts in this sequence?
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Quantitative Research Associate

Interviewed at J.P. Morgan

3.9
Nov 6, 2017

1)X,Y are standard random variables, the correlation is 0.5. Given X, what's the conditional distribution of Y? 2)A,B,C are r.v.s. correlation between A and B is 0.9, between B and C is 0.9. is it possible that A is unrelated to C? 3)Given two assets, their average return, variance of return and correlation. Find a portfolio such that the sharpe ratio is optimal. 4)toss coins consecutively, get 1 pt if head is up and 2 pts if tail is up. So we can get a sequence of total points. Question: what is the probability that we have 100 pts in this sequence?

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