Heard on the Street: Quantitative Questions from Wall Street Job Interviews

The 11th edition contains 170 quantitative questions collected from actual job interviews in investment banking, investment management, and options trading. The interviewers use the same questions year-after-year and here they are---with solutions! These questions come from all types of interviews (corporate finance, sales and trading, quant research, etc), but they are especially likely in quantitative capital markets job interviews. The questions come from all levels of interviews (undergrad, MBA, PhD), but they are especially likely if you have, or almost have, an MS or MBA. The latest edition includes 125 non-quantitative actual interview questions, and a new section on interview technique---based partly on Dr. Crack's experiences interviewing candidates for the world's largest institutional asset manager. Dr. Crack has a PhD from MIT. He has won many teaching awards and has publications in the top academic, practitioner, and teaching journals in finance. He has degrees in Mathematics/Statistics, Finance, and Financial Economics and a diploma in Accounting/Finance. Dr. Crack taught at the university level for 20 years including four years as a front line teaching assistant for MBA students at MIT. He recently headed a quantitative active equity research team at the world's largest institutional money manager.

The most common email messages I get from readers are:

1. Messages from job candidates saying that their interview questions came directly, often verbatim, from this book.

2. Messages from candidates or interviewers offering a small suggestion for improving one of the solutions.

3. Messages from interviewers who have a new question not yet appearing in the book.

I have revised the book many times to incorporate this feedback, and I invite you to send me more feedback so that I can keep revising/updating the book.