Interview Prep
How the top quant firms interview.
How top quant firms actually interview: the rounds, what they test, and how the buy-side, sell-side, and prop/market-maker paths differ. Compiled from publicly reported candidate experiences; treat it as a well-informed starting point, not gospel.
Prop / Market Maker
Trade the firm's own capital, often making markets. Interviews lean on speed, probability, and trading games.
Buy-side
Manage capital to generate returns (alpha). Research-heavy interviews: probability, statistics, coding.
Sell-side
Banks serving clients, desk strats, pricing, and risk. Interviews add derivatives and stochastic calculus.
36 firms
Jane Street
IndiaProp / Market Maker · Multi-asset market maker · New York City
One of the most prestigious and hardest trading interviews, probability, estimation, and live market-making games, judged on how you think.
ProbabilityMarket MakingMental MathOptiver
IndiaProp / Market Maker · Options market maker · Amsterdam
Home of the notorious '80-in-8' mental-math test, raw arithmetic speed is the gate before anyone reads your resume.
Mental MathProbabilityMarket MakingIMC Trading
IndiaProp / Market Maker · Technology-driven market maker · Amsterdam
A timed numerical assessment with a low pass rate gates the process; then escalating brainteasers and a group trading game.
Mental MathProbabilityMarket MakingSusquehanna (SIG)
Prop / Market Maker · Options market maker (game-theory driven) · Bala Cynwyd, PA
Poker and game theory are part of the culture, expect heavy probability, expected value, and reasoning under incomplete information.
ProbabilityBrainteasersMental MathCitadel Securities
IndiaProp / Market Maker · Multi-asset market maker / HFT · Miami, FL
A coding- and probability-heavy loop with a market-making game, the market-maker sibling of the Citadel hedge fund (a separate entity).
ProbabilityCodingMarket MakingHudson River Trading (HRT)
IndiaProp / Market Maker · HFT / algorithmic market maker · New York City
An engineering-led HFT with one of the hardest coding bars in the industry, reports consistently rate it above FAANG.
CodingProbabilityStatisticsJump Trading
IndiaProp / Market Maker · HFT / low-latency prop trading · Chicago
Secretive, low OA pass rate, endurance-style superday, probability and EV to near-instant recall for traders, deep C++ for engineers.
ProbabilityStatisticsCodingDRW
Prop / Market Maker · Multi-asset proprietary trading · Chicago
A quantitative challenge from home gates the process; then probability-heavy rounds and a trading simulation across asset classes.
Mental MathProbabilityStatisticsFlow Traders
Prop / Market Maker · ETP / ETF market maker · Amsterdam
A timed mental-math and sequences test with negative marking, then ETF/ETP arbitrage reasoning under deliberate interviewer pressure.
Mental MathBrainteasersMarket MakingAkuna Capital
Prop / Market Maker · Options market maker · Chicago
Two online assessments (timed math + coding) route you toward the quant or discretionary track; then options intuition and trading games.
Mental MathProbabilityMarket MakingFive Rings
Prop / Market Maker · Multi-asset quantitative prop trading · New York City
One of the more probability- and brainteaser-intense processes, fast EV and betting-game reasoning under a tight estimation clock.
ProbabilityBrainteasersMental MathTower Research Capital
IndiaProp / Market Maker · HFT / low-latency market maker · New York City
Coding- and competitive-programming-heavy, with a large Gurugram office and a high bar for IIT campus hires.
CodingProbabilityBrainteasersXTX Markets
IndiaProp / Market Maker · ML-driven algorithmic market maker · London
Machine-learning-first market maker (dominant in FX), expect first-principles ML and statistics, not mental-math games.
StatisticsProbabilityCodingGraviton Research Capital
IndiaProp / Market Maker · Proprietary trading / HFT (India-origin) · Gurugram
Often called the fastest-growing India-origin HFT, recruits at the IITs on raw problem-solving, no finance background required.
ProbabilityBrainteasersCodingQuadeye
IndiaProp / Market Maker · Proprietary trading / HFT (India-based) · Gurugram
One of the largest India-based prop firms, recruiting Quant Strategists from the top IITs with rapidly rising pay.
ProbabilityBrainteasersCodingAlphaGrep
IndiaProp / Market Maker · Proprietary trading / HFT · Mumbai
A global prop shop with deep India roots, hiring Bachelors–PhD across CS, math, physics, and EE.
ProbabilityCodingBrainteasersiRage
IndiaProp / Market Maker · Proprietary trading / HFT (India pioneer) · Mumbai
A pioneer of HFT in India (2009), hiring quants, developers, and systems engineers via campus and direct channels.
ProbabilityCodingBrainteasersNK Securities Research
IndiaProp / Market Maker · Proprietary trading / HFT (India-based) · Gurugram
An ultra-low-latency India prop shop founded by IIT Delhi grads, with a dedicated campus pipeline.
ProbabilityCodingBrainteasersTwo Sigma
Buy-side · Systematic / quant hedge fund · New York City
Data-and-statistics-first research interviews, clean Python under a clock and layered follow-ups on how you'd design and validate a model.
ProbabilityStatisticsCodingCitadel (hedge fund)
Buy-side · Multi-strategy hedge fund · Miami, FL
Among the hardest quant interviews, open-ended probability where you must state assumptions, plus clean Python under a timer.
ProbabilityStatisticsCodingD. E. Shaw
IndiaBuy-side · Quantitative multi-strategy hedge fund · New York City
Academic, research-driven, and extremely selective, open-ended brainteasers with 'no single right answer' and deep project deep-dives.
ProbabilityStatisticsBrainteasersMillennium Management
IndiaBuy-side · Multi-strategy pod-based hedge fund · New York City
Pod-based, so interviewers (individual PMs) can ask almost anything, prepare a two-pronged screen of probability/stats and pandas/coding.
ProbabilityStatisticsCodingPoint72, Cubist
Buy-side · Systematic arm of a multi-strategy fund · Stamford, CT
Dialogue-driven interviews where 'I don't know' is acceptable, statistics, time-series, and a deep-dive on your own research.
StatisticsProbabilityCodingAQR Capital
IndiaBuy-side · Quant / factor-investing asset manager · Greenwich, CT
Academic-finance DNA, master OLS cold, and be ready to reason about factor strategies from first principles.
StatisticsProbabilityCodingWorldQuant
IndiaBuy-side · Quant research firm (alpha/signal factory) · Old Greenwich, CT
Probability-puzzle-heavy and one of the most India-accessible firms, plus a no-pedigree route via the BRAIN alpha platform.
ProbabilityBrainteasersStatisticsSquarepoint Capital
IndiaBuy-side · Systematic / quant hedge fund · London & New York
Green-book probability plus a HackerRank coding stage, on the more moderate end of the elite bar, and India-accessible via Bengaluru.
ProbabilityStatisticsCodingG-Research
Buy-side · Quant research & technology firm · London
A speed-and-breadth quiz over fundamentals gates the process, probability, OLS, linear algebra, and calculus, fast and accurate.
ProbabilityStatisticsCodingMan AHL
Buy-side · Systematic / quant hedge fund (CTA heritage) · London
Research-communication-heavy, two homeworks (coding + data science) and a discussion of alpha sources across asset classes.
StatisticsCodingProbabilityQube Research & Technologies
IndiaBuy-side · Systematic / quant hedge fund (tech-driven) · London
An applied-ML take-home project is the main filter, clean, well-reasoned analysis matters more than exotic models.
StatisticsCodingProbabilityMarshall Wace
Buy-side · Systematic + discretionary hedge fund · London
A well-documented multi-stage process, two online assessments, a data-lab task, and a build-a-signal case study.
ProbabilityStatisticsCodingGoldman Sachs
IndiaSell-side · Investment bank, Strats / Quant Engineering · New York City
Goldman's 'Strats' blend quant modeling with heavy software engineering, probability and coding, plus a strong behavioral component.
ProbabilityCodingBrainteasersJ.P. Morgan
IndiaSell-side · Investment bank, Quantitative Research · New York City
One of the more math-rigorous sell-side interviews, master Itô's lemma and the Black-Scholes derivation cold, plus C++.
ProbabilityStatisticsCodingMorgan Stanley
IndiaSell-side · Investment bank, Strats / Quantitative Analytics · New York City
Solid fundamentals, probability, regression, and clean coding, with tight, structured behavioral answers expected.
ProbabilityStatisticsCodingBarclays
IndiaSell-side · Investment bank, Quantitative Analytics · London
Whiteboard a derivation, not just trivia, probability, stochastic calculus, options pricing, and coding, with an advanced degree common.
ProbabilityStatisticsCodingBank of America
IndiaSell-side · Investment bank, Quantitative Finance · Charlotte, NC
Depth varies a lot by team, front-office pricing quant is technical; the analytics track leans more behavioral. Confirm your target role.
StatisticsProbabilityCodingCiti
IndiaSell-side · Investment bank, Markets Quant · New York City
Fundamentals-focused for entry roles, probability, linear algebra, calculus, and basic pricing intuition; don't overclaim expertise.
ProbabilityStatisticsCoding