I applied online and the process took 2 days - interviewed at FINCAD in April 2011.
Interview Details – I got a reply after two weeks of submitting my resume and cover letter. First is a short phone interview. The interviewer asked some sorting algorithm and whether I know design patterns or not.
Then I got a in-person interview with two members of the quant team. The interview consisted mostly of technical questions on probability, statistics, computer science (especially C++ and OOP), and some financial products.
I was definitely under-prepared and had to admit that despite I had relevant eduction in each of these respective areas, it has been too long since I last touched these subjects.
The interviews are very nice and pleasant to talk to, in fact, one of the interviewers actually called to let me know that I didn't get the job. Amazingly nice people. I wish I did a better job, though.
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