Quant Job Interview Questions and Answers (Second Edition) 2nd Revised ed. Edition

I completely agree with the previous opinion.I have been interviewing with investment banks for some period. The permanent difficulty has been how to prepare for the interview. Who is a bit familiar with the topic knows, that virtually any subject ( from Lie groups and connexions to IFRS bookkeeping standards ) can pop up during the interviews. Given the time constraint for the preparation theses technical interviews are always a "pain in the arse".But not any longer. Actually the problems in this book ARE the questions which are asked by the firms. Just to name a few :1. Solve the OU equation and get its moments ( Lehman )2. What are martingales, filtration, etc ( BarCap )3. Generate exponentially distributed random numbers in 2D ( Morgan Stanley )4. The barrier options and their vega ( ABN Amro )5. Hedging and its practices ( a small IT firm in Munchen )6. And a LOT ( really ) of coin throwing, binomial trees, mostly associated with practical finanacial problems ( CDS, ameriacan and barrier options, etxc).7. Soring algorithmsThese problems ARE covered in the problem set. So if you can solve, say, 70% of all questions it must be sufficient to get through the interviews.There are some problems with the book. It should contain a bit more stuff on PDE's and first generation exotics. E.g.1. Schetch the quantitative behavoiur of a solution of a double barrier for a given payoff2. Derive the price for a perpetual up and in option ( etc )I am recommending this book with the books of Joshi ( Concepts of Finance ) and Rebonato ( the perfect hedger and the fox ).If you interview for a senior position these books may also suit you, since you are often grilled with these coin throwing things even for a VP position.

The book is well-organized and questions are very useful especially those ones in math, probability and brain teaser Chapters. However, you have to expand important topics covered by each question on your own, and the book does not give good reference on what the key point each question tries to reveal.There are problems you have to be aware:1) The second edition still copies all wrong answers from the first edition.2) I found all important questions (relatively hard) come without any hint or solution, and they just show up as additional questions. Additional questions are also not well written (without proper conditions).2) C++ part is useless. It is better to find your own practice problems on any other programming related website than using this book. You can tell the author is a little sloppy while writing this chapter.

This is a great book for quant interviews. It covers all the topics. But it includes a lot of mathematical deductions, so before reading this book it is better to go over all the math.

I thought the problems would be helpful for some interviews I had coming up, but it did not help me that much. If you don't know a certain area this book certainly does not give you a summary, just a list of references. I mostly looked over the probability and math problems and found that they had some strange assumptions (though I don't have a finance background). Ultimately, my interviews had technical questions more in line with problems I encounter in my field and practice problems I did were not helpful.

This is an excellent buy for anyone looking to get into the quant world. Plenty of advice, examples, exercises and explanations over all topics you may face at an interview.

Good book for interviewing for quant jobs.

The first interviews book to have real programming questions, and a good selection of topics. Too bad the related questions at the end of most questions do not have solutions. The authors give the impression that they try hard to look smart.

NICE!