Jane Street is a quantitative trading firm that operates in a number of different financial markets. The company is headquartered in New York City, and has offices in London, Tokyo, and Hong Kong. Jane Street is a proprietary trading firm, meaning that it trades for its own account, and is not a broker for other firms or individuals.
The company is known for its use of cutting-edge technology, and its traders are some of the best in the business. Jane Street is a very competitive place to work, and the interview process is no exception.
If you’re hoping to land a job at Jane Street, you’ll need to be prepared for the interview process. In this blog post, we’ll share with you some of the most common Jane Street interview questions, so you can start practicing your answers.
An Overview of the Jane Street Trading Interview Process
Interviews for Top Jobs at Jane Street
Quantitative Trader Interview
ApplicationI applied online. The process took 2 weeks. In Oct 2022, I attended an interview at Jane Street (London, England), where I submitted my resume and responded to some motivational questions. Then had 1st round telephone interview. There are then two additional rounds of telephone interviews and one round of in-person interviews or assessment centers. Interview QuestionsGame based on coins/dice. Win money depending on outcome. If you could flip the coin again or roll the dice again, how much would you be willing to pay to play the game?
Quantitative Trader Interview
ApplicationI applied online. The process took 4 weeks. I had a 30 minute phone interview with Jane Street in September 2022 after applying for the position of quantitative trader intern. I was asked about the probability of some coin flipping questions. Difficulties gradually increase. When you become stuck or make mistakes, the interviewer will provide hints. Five fair coins, the expected value of a medium-value square, and other interview questions
Quantitative Trader Interview
ApplicationI attended an interview at Jane StreetInterview: First round: Short and medium-length math questions; second round: one long math question; third round: game theory; fourth round: didn’t make itOverall experience: Exceptionally interesting but challenging interview Interview Questions-Expected value of dice games etc.
For instance: “I am very interested in collaborating with businesses that want to grow internationally.” I believe that this is an excellent chance for businesses to develop and discover new cultural perspectives. In my previous position, I worked with a client who desired to grow in Europe. We assisted them in locating the ideal areas and formulating plans to ensure their success. ”.
The Jane Street interview process is drawn out, challenging, and generally quite interesting. It typically entails a number of rounds of phone and in-person interviews with questions ranging from solving simple math equations to game theory. As the process progresses, the questions get harder, and candidates are expected to be able to use critical thinking and accurate estimation.
Example: “Finding ways to enhance my coding skills is one of the biggest challenges I anticipate encountering while working at Jane Street Capital. I intend to enroll in online classes or workshops to advance my understanding of coding. Another challenge I anticipate facing is learning new programming languages. To get past this obstacle, I’ll set aside time each day to practice coding in various languages. ”.
When it comes to interviews, preparation is key. And part of that preparation when interviewing with a business like Jane Street should involve researching interview questions that are particular to that business.
Example: “I am passionate about equity and bond trading, so I want to work at Jane Street Capital.” As someone who aspires to change the world through my career, the company’s mission of “providing innovative solutions that help our clients succeed” really resonates with me. I have been a longtime follower of Jane Street Capital, so I am aware of how highly it values inclusion and diversity. I would love to join such a forward-thinking team. ”.
Hover over to see average compensation details. This data was sourced from submissions at levels.fyi. N. A. Distributed Systems (Back-End) 200k – Base N. A. – Stock 245k – Bonus N. A. TDO 120k – Base N. A. – Stock 25k – Bonus N. A. Full Stack 230k – Base N. A. – Stock 520k – Bonus N. A. Distributed Systems (Back-End) 170k – Base N. A. – Stock 89k – Bonus Summer Analyst Security 288k – Base N. A. – Stock N. A. – Bonus
I applied to Jane Street, a quant trading firm, in the fall of 2016. I was instructed that the HackerRank test would involve probability and fundamental math before they made me take it. Since I believe that these questions need practice, I thought I’d post them here as examples so that potential interviewees could prepare themselves better than I did.
FAQ
How many rounds of interview does Jane Street have?
There are approximately five rounds of interviews, each of which gets more challenging. You will be tested on math, economics, probability and statistics.
What is the interview process at Jane Street?
In order to get a sense of working with you, we’ll do our best to ask engaging, difficult interview questions and to emphasize collaborative problem solving. When we evaluate candidates, we do so one role at a time, taking into account all of our open roles in an effort to determine a fit within Jane Street.
What skills does Jane Street look for?
To work in quantitative trading, we need individuals with strong quantitative skills and a collaborative work ethic. We won’t test you on knowledge of finance or economics. We’ll try to understand how it feels to collaborate with you to solve a problem instead.
Is it hard to get an interview at Jane Street?
There are many paths to Rome. I’ve heard that Jane Street has the toughest interviews among the well-known trading firms (there are more rounds of interviews and they place more emphasis on answering speed than other firms), so don’t give up if you don’t perform as well the first time around.
