SERVING THE QUANTITATIVE FINANCE COMMUNITY

 
User avatar
khoni06
Topic Author
Posts: 75
Joined: July 23rd, 2007, 2:49 pm

Quantitative Exam at Credit Suisse

September 29th, 2007, 9:08 pm

Does anyone have information about the Quantitative Exam at Credit Suisse Ph.D. Program?What type of exam is it? Question of math, finance, coding?GRE style or french classe prepa style?C, C++, ... ?Any info are welcome!Thanks
 
User avatar
amitsoni
Posts: 6
Joined: January 15th, 2007, 3:43 am

Quantitative Exam at Credit Suisse

September 29th, 2007, 9:56 pm

Hi,The one I had was having 4 sections, out of which one has to attempt only 3. The four sections were: General Mathematics, Advanced Mathematics, Financial Mathematics and Programming. First two sections dealt with problems of probability, calculus, Analysis etc. Third section had questions regarding Brownian motion and questions like whether a bond or option is worth the given price or not. I didn't look at the last sections.I hope that will help.
 
User avatar
PDiCarterY
Posts: 102
Joined: March 15th, 2005, 7:46 pm

Quantitative Exam at Credit Suisse

September 30th, 2007, 6:27 am

So I am assuming the result of these 3 sections determines whether you will get an interview or not? How competitive is this whole thing? Is it normal to be invited to this if you only have a Master's degree?BTW, khoni06, make sure you reply them by 11:00PM on Sunday.
Last edited by PDiCarterY on September 29th, 2007, 10:00 pm, edited 1 time in total.
 
User avatar
khoni06
Topic Author
Posts: 75
Joined: July 23rd, 2007, 2:49 pm

Quantitative Exam at Credit Suisse

October 6th, 2007, 5:01 pm

Thank you amitsoni for the info.PDicarterY, we were more than 400 at the exam on Wed and according to what I've seen, anyone with a phd or a master in Math/Engineering/phisics ... was invited.many people were unhappy about the lack of selection.
 
User avatar
PDiCarterY
Posts: 102
Joined: March 15th, 2005, 7:46 pm

Quantitative Exam at Credit Suisse

October 7th, 2007, 4:50 am

Exactly. I did not even bother to go.
 
User avatar
DominicConnor
Posts: 11684
Joined: July 14th, 2002, 3:00 am

Quantitative Exam at Credit Suisse

October 7th, 2007, 6:18 am

I can see your point, I wonder who they got to mark them all, since 400 exams implies a lot of work...Anyone here actually go ?
 
User avatar
mj
Posts: 3449
Joined: December 20th, 2001, 12:32 pm

Quantitative Exam at Credit Suisse

October 7th, 2007, 7:06 am

it's an interesting approaching to hiring and arguably the fairest
 
User avatar
DominicConnor
Posts: 11684
Joined: July 14th, 2002, 3:00 am

Quantitative Exam at Credit Suisse

October 7th, 2007, 10:51 am

"Fair" makes some assumptions, like does CS pay travel expenses ?
 
User avatar
Rofik
Posts: 14
Joined: March 5th, 2003, 9:53 pm

Quantitative Exam at Credit Suisse

October 7th, 2007, 3:11 pm

QuoteOriginally posted by: DCFCI can see your point, I wonder who they got to mark them all, since 400 exams implies a lot of work...Anyone here actually go ?From what I understood, their quants are going to grade the tests (at least their junior guys).And they did reimburs expenses up to $200.
 
User avatar
DominicConnor
Posts: 11684
Joined: July 14th, 2002, 3:00 am

Quantitative Exam at Credit Suisse

October 7th, 2007, 6:01 pm

Based on what Rofik has said, I'm with MJ that it seems fair, provided that CS have some system in place to ensure that the marking is consistent, a non trivial exercise.(fair on everyone but the people who have to mark it It however a sadly non-optimal state of affairs, but they may have an opportunity here.The industry lacks an objective, generally accepted qualification that allows recruiters to say "X is probably better than Y"I have had entry level people tell me of their success in the CS exam, so we're part way there.CS could publish the results, and point out smugly that (say) the top 5% got offered jobs at CS.The CS grade would add to it's reputation, and since CS is a credible bank, it might become generally accepted, in a best case scenario we could even have some firms advertising jobs as"requiring candidates with a Credit Suisse grade >80%"
 
User avatar
Justin2000
Posts: 15
Joined: September 4th, 2006, 10:00 pm

Quantitative Exam at Credit Suisse

October 8th, 2007, 1:42 am

Actually, there were fifteen rows with twelve people sitting on each. plus they put a few more tables (like four or five) at the back of the auditorium to accommodate the rest of the crowd. SoI would say 200 people took this test (out of which 30-40 were applying for the Summer Institute). I met people from Cornell, Princeton, Yale, NYU, Columbia, and some polytechnic institute.
 
User avatar
mj
Posts: 3449
Joined: December 20th, 2001, 12:32 pm

Quantitative Exam at Credit Suisse

October 8th, 2007, 2:26 am

hmm, knowing that your grade would be public might put off a lot of people
 
User avatar
DominicConnor
Posts: 11684
Joined: July 14th, 2002, 3:00 am

Quantitative Exam at Credit Suisse

October 8th, 2007, 7:13 am

Yes, it would put some people off, and is that not a good first pass filter ?
Last edited by DominicConnor on October 7th, 2007, 10:00 pm, edited 1 time in total.
 
User avatar
zengbebe
Posts: 24
Joined: January 23rd, 2007, 12:13 am

Quantitative Exam at Credit Suisse

October 8th, 2007, 2:42 pm

I applied and was told that there would be a similar event in Chicago on 10/17/07 and would be receiving an invitation soon, has anyone recevied the invite already?
 
User avatar
029
Posts: 39
Joined: March 2nd, 2007, 6:39 am

Quantitative Exam at Credit Suisse

October 8th, 2007, 7:39 pm

very interesting thread. i took the exam a couple of months ago and was the only (!) person in the room... london seems to be a thinner market
Last edited by 029 on October 7th, 2007, 10:00 pm, edited 1 time in total.
ABOUT WILMOTT

PW by JB

Wilmott.com has been "Serving the Quantitative Finance Community" since 2001. Continued...


Twitter LinkedIn Instagram

JOBS BOARD

JOBS BOARD

Looking for a quant job, risk, algo trading,...? Browse jobs here...


GZIP: On