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Virg1975
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Joined: June 12th, 2013, 1:42 pm

JP Morgan: IR Volatility & Exotics QR interview

July 11th, 2013, 4:18 pm

Hi all.I'm interviewing with JP Morgan next week - first interview, and they've skipped the phone interview and gone straight to face-to-face. Little nervous over what to expect - any tips and advice would be gratefully received. Thanks!
 
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ashkar
Posts: 274
Joined: October 17th, 2011, 9:25 am

JP Morgan: IR Volatility & Exotics QR interview

July 12th, 2013, 8:09 am

QuoteOriginally posted by: Virg1975Hi all.I'm interviewing with JP Morgan next week - first interview, and they've skipped the phone interview and gone straight to face-to-face. Little nervous over what to expect - any tips and advice would be gratefully received. Thanks!what exactly does the group do (dev/modelling)?
 
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Virg1975
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JP Morgan: IR Volatility & Exotics QR interview

July 12th, 2013, 8:33 am

Modelling, primarily.
 
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ashkar
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Joined: October 17th, 2011, 9:25 am

JP Morgan: IR Volatility & Exotics QR interview

July 12th, 2013, 1:25 pm

Dont know about this group in particular. I interviewed there for quant dev role few years ago. My experience with JPM is know everything that you write on cv (or dont write anything on cv if you cant talk about it). They will get 4-5 people to cross-question you on the same topics. Guaranteed headache after 5 hour session.Questions on c++ and computing were fairly easy. Not many business questions - basic options theory. From quant interviews elsewhere know your basic maths well ... the scope is so wide that its pointless giving general advice. One thing is for sure. If the interviewer is smart (which most likely they will be) they will ask questions based on your experience so review what you've done well.
 
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Virg1975
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JP Morgan: IR Volatility & Exotics QR interview

July 12th, 2013, 1:31 pm

Many thanks!
 
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6igbang
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JP Morgan: IR Volatility & Exotics QR interview

July 12th, 2013, 4:45 pm

do you have relevant experience in rates derivatives? I applied. But I haven't heard anything yet.
 
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Virg1975
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JP Morgan: IR Volatility & Exotics QR interview

July 13th, 2013, 9:20 am

No - straight out of academia.
 
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Abhishake
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Joined: August 15th, 2011, 3:07 pm

JP Morgan: IR Volatility & Exotics QR interview

July 21st, 2013, 7:15 pm

HiI have an interview coming up for Morgan Stanley Interest Rate Strategy desk.Can I ask what sort of things were asked in your interview? It'd be a massive help, this is the only interview I've received and I don't have any other applications pending!
 
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6igbang
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Joined: July 12th, 2013, 1:06 am

JP Morgan: IR Volatility & Exotics QR interview

July 21st, 2013, 11:03 pm

I've never been interviewed by MS. For other ones I had, the interviewer asked CV, brainteasers, knowledge pertaining to interest rate instruments, etc. What is your background? do you having any experience?
 
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Virg1975
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Joined: June 12th, 2013, 1:42 pm

JP Morgan: IR Volatility & Exotics QR interview

July 22nd, 2013, 1:40 pm

I had to reschedule for this week - will let you know how it went.
 
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Abhishake
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Joined: August 15th, 2011, 3:07 pm

JP Morgan: IR Volatility & Exotics QR interview

July 24th, 2013, 3:27 pm

Thanks a lot, all the best for your interiews, mine's on Friday so I have a bit of time!I have done some flow trading experience at Credit Suisse and I've done an undergrad degree in pure Mathematics, so I'm not really sure what to expect at all! Read around a bit but the more information the better!A friend of mine at JPM got asked about pricing Asian options in his interview btw.
 
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6igbang
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JP Morgan: IR Volatility & Exotics QR interview

July 25th, 2013, 2:46 pm

Good luck for your interview tomorrow.
 
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Abhishake
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JP Morgan: IR Volatility & Exotics QR interview

July 27th, 2013, 4:33 pm

Virg1975, how was your interview? What sort of things did they ask?I was asked about why there's a volatility smile, difference between actual and realised volatility, pricing of floating coupon bonds, parameters of Vasicek model.
 
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6igbang
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JP Morgan: IR Volatility & Exotics QR interview

July 29th, 2013, 6:40 pm

Thanks for sharing the interviewing questions. What is the actual volatility? Do you mean implied volatility?
 
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DevonFangs
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Joined: November 9th, 2009, 1:49 pm

JP Morgan: IR Volatility & Exotics QR interview

July 30th, 2013, 8:15 am

QuoteOriginally posted by: AbhishakeI was asked about why there's a volatility smile, difference between actual and realised volatility, pricing of floating coupon bonds, parameters of Vasicek model.Pretty fair question, but I hope you didn't call that "actual volatility"
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