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4.2 out of 5 stars
A Practical Guide To Quantitative Finance Interviews
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18 of 20 people found the following review helpful
Format: Paperback
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.
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4 of 4 people found the following review helpful
on January 6, 2012
Format: PaperbackVerified Purchase
This is what you need to know for the first round interview for quant positions. It helps me pass the first round of Morgan Stanley.

Of course this is only the first step, but a very necessary step.
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3 of 3 people found the following review helpful
on October 4, 2012
Format: Paperback
I went through four or five mainstream interview books related to quantitative finance. This one was a pleasure to read. I like everything about it, including the price! There is not a lot of finance but whatever is there - make sure you know it by heart, these are all very common interview topics. Unlike other similar books (HOTS), this one has no trash/trivial questions. Solutions to few problems are not the most effective and clear though. Also, short section in C++ basics would be useful.
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3 of 3 people found the following review helpful
on October 4, 2012
Format: PaperbackVerified Purchase
The best one out there. The book is structured around areas that will be tested when going for a quantitative interview.
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2 of 2 people found the following review helpful
on January 13, 2012
Format: PaperbackVerified Purchase
nice one, very useful for my interview. this book has lots of examples with detailed answers to solve various interview questions.
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2 of 2 people found the following review helpful
on August 20, 2013
Format: PaperbackVerified Purchase
This book is classic and relatively easy compared to the other book in read. The probability part is good to read.
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1 of 1 people found the following review helpful
on April 10, 2014
Format: PaperbackVerified Purchase
All my Chinese colleagues on the desk love this book. I do not think this book is that good - Stefanica and Joshi are better organized and have more relevant questions. Also, the answers are scattered and not very clear. But it is a book to read, since interviewers read it.
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1 of 1 people found the following review helpful
on October 12, 2011
Format: PaperbackVerified Purchase
A great book, and a must read for quant finance interviews. Was asked atleast 1 question verbatim. Prepare using this book before advancing on tougher texts. This cannot be your primary book for learning, but just interview preparation!
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8 of 12 people found the following review helpful
on May 23, 2011
Format: Paperback
I am a math finance student who will soon start a summer internship on Wall Street. I want to leave feedback for the best and worst books that I used in my studies so far.

This is a terrible interview questions book, the worst out there. There are very few finance questions, 30 pages out of the 200 pages book. And they are all (except for 7 pages) on options and Black Scholes.

The brainteasers are simple and cover too much of the book. The probability questions, are, in fact, more brainteasers. Some of the stochastic calculus questions are unlikely to be asked on interviews. The book covers very superficially many topics, including algorithms, and has no programming questions. Some answers are too short and unexplained, some unclear, others not correct, or missing the intuition under the question (which I learned the hard way in interviews after learning from this book).

It should have been called a Brainteasers Book, not a Quant Finance interview book. Joshi's "Quant Interview Questions" is the best out there, and a real quant interviews book.
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on February 28, 2015
Format: PaperbackVerified Purchase
Perfect book to START interview preparations for quant positions. Covers most popular topics in quant interviews.

However, the problems in this book might be too easy if you are looking for a quant position in large investment banks or buy side companies. Further materials should be necessary.
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