Most helpful positive review
18 of 20 people found the following review helpful
Helps deal with quantitative interviews in finance
on August 25, 2010
First, you should really ignore Not Mee's comment, because he apparently had never been to a real quantitative finance interview. I have interviewed at big banks and hedge funds, and 95% of the analytical questions revolve around math, stats and programming, even though I have a finance background. The 5% that do involve finance is mostly about fundamental finance concepts like how you value an option. Quants are developers, so they are not expected to know a lot of finance like a Wharton MBA would be expected.
I like this book because, first, it's not pretentious and doesn't constantly imply you are an idiot like another more expensive book written by a former MIT person does. (That book keeps saying something like if you can't solve this question, you should go become a homeless. Very annoying.) Second, it gives you very detailed solutions, pretty much step-by-step. Every solution is almost like a tutorial, so if you don't really understand an answer, you are literally held by the hand to walk through the solution.
Of course, people like myself are actually dumb (I recently tested for my IQ and it was pretty low), so I have trouble with a lot of math questions. But the book at least allows me to know what the "right" answer is like. With a little BS, I can actually convince people I know the answer, although so far that hasn't landed me a job yet. But at least, I come across as someone who's technically competent.
The only significant omisison of the book is programming questions, like those covering topics in C++, C#, Java, SAS, Perl, Ruby, etc.