Group One Trading Interview Questions & Reviews
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Updated Mar 29, 2012 – Interview questions and reviews posted anonymously by interview candidates.
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Difficulty Rating [?] Based on 14 ratings 
“Average” Interview
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Interview Experience [?] Based on 14 ratings
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| 1–10 of 14 Group One Trading Interviews | Sort by |
Trader Trainee Intern at Group One Trading
Posted Mar 29, 2012
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3.0
Average Interview
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Overall Positive Experience
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Received and Accepted Offer
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Interviewed Aug 2011 in New York, NY (took 1 week)
A phone interview time was arranged through email, was told not to sweat at all because will be very easy and laid back. Didn't practice much of mental match etc. and was asked these questions anyway which, in a bit slower time answered correctly. Other questions included why do you want to do this and question to detail a time that you had to break bad news in a work environment. Then had a nice chat with the HR person. Very positive experience overall.
Interview Questions
Behavioral: Why trading? why options? what do feel about risk? biggest failure? why do you think you'll succeed?
Any questions for traders. etc.
EV of Coin flips
EV of two baseball at bats if prob. to strike out is 50%
Other Details
The interview consisted of a Phone Interview and a Group/Panel Interview.
More Group One Trading Trader Trainee Intern Interviews
Helpful Interview?
Yes |
No
Inappropriate?
Internal Auditor at Group One Trading
Posted Dec 12, 2011
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2.0
Easy Interview
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Overall Negative Experience
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Interviewed and No Offer
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Interviewed Sep 2011 in Houston, TX (took 6 days)
The interview was over dinner in the evening. It was very casual and informal. When the interviewer showed up dressed casually, I had to wonder how serious this was. The travel was 75%. He kept pushing the travel requirements on me and finally told my recruiter that the reason iI wasn't selected was due to my lack of experience. Couldn't that have been determined from my resume???
Interview Questions
Other Details
The interview consisted of a Personality Test and a 1:1 Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Trader at Group One Trading
Posted Nov 23, 2011
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3.0
Average Interview
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Overall Negative Experience
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Interviewed and No Offer
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Interviewed Jun 2009 in San Francisco, CA (took 1 week)
First phone interviewer asked me to read a book about how traders are bad people. The second phone interviewer asked what I thought of the book. I'm not sure what I was supposed to say -- I disagree? I understand that traders are bad people and I still want the job? The book basically talked me out of wanting this position.
Interview Questions
Other Details
The interview consisted of a Phone Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Junior Trader at Group One Trading
Posted Oct 7, 2011
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5.0
Very Difficult Interview
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Overall Neutral Experience
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Interviewed and No Offer
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Interviewed Feb 2009 in Chicago, IL (took 2 weeks)
Super Friday. Live interviews on the CBOE during open outcry trading, 1:1 and group interviews, tons of math and statistics.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Background Check, a Personality Test, an IQ/Intelligence Test, a Group/Panel Interview, a 1:1 Interview and a Phone Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Equity Derivatives Trader Trainee at Group One Trading
Posted Jun 7, 2011
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3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Jan 2010 in Chicago, IL (took a day)
Group One has a very informal hiring and interview process. Some candidates are referred to the HR department (now down to one person after the downsizing) and some through school's career services department. Due to the financial difficulties that the company has been having they have cut down on the number of employees as well as their campus visits. A few trainee's in my class had phone interviews as well as in-person interviews, while others simply had phone or in-person only. I also had one individual who went through a phone, one-on-one interview and then a group interview.
The two most important interview questions to answer are why you want to be a trader and the mental math questions. They are looking for smart, driven and focused individuals who have a vague idea of what they are applying for. A solid understanding of options is definitely a plus. The training program is really hit or miss. You spend roughly 2 weeks going through Sheldon Natenberg's book and then the remainder of the training period (well over a year, do not believe what HR tells you) consists of mock trading on a white board. Their new accelerated training program consists of mock trading sessions twice daily so I hope you enjoy plenty of mental math each day. The training program changes each year and there up until recently has not been a full time trainer. Even with a full time trainer classes are skipped and cancelled fairly frequently. Due to the training program or other circumstances the retention rate at Group One is between 10-20%. Approximately 1 or 2 in 10 will make it through the three stages of the training program and be allowed to trade.
Bottom line is even if you make it through the initial interview and are offered a position you are still being interviewed on a daily basis. If your are performing poorly in the mock trading sessions, not speaking loud enough, or dont show enough enthusiasm for trading you will be let go immediately.
Interview Questions
Negotiation Details
While the HR department will tell you that they pay all of their trader trainees $40,000/yr this is not true. If you have previously held a job at a different bank (particularly buldge bracket) or have another offer use it as leverage to increase your base salary. A few guys in my training class were paid over $40,000 and received other incentives such as moving allowance's as well as signing bonuses.
Other Details
The interview consisted of a Skills Test, a 1:1 Interview and a Phone Interview.
Helpful Interview?
Yes |
No
Inappropriate?
Trader Trainee Intern at Group One Trading
Posted Mar 24, 2011
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3.0
Average Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Jan 2011 (took 2 days)
This interview began with a few questions relating to trading and the position at Group One in particular. Such as, "why trading?, why Group One?, what do you know about options trading?, etc." In the next phase they asked me a few mental math and probability questions. These questions weren't very difficult but I highly recommend understanding statistics and probability before interviewing.
Interview Questions
Other Details
I Applied Online and the interview consisted of a Phone Interview and an IQ/Intelligence Test.
More Group One Trading Trader Trainee Intern Interviews
Helpful Interview?
Yes |
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Equity Derivatives Trader Trainee Co-op at Group One Trading
Posted Mar 15, 2011
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2.0
Easy Interview
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Overall Neutral Experience
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Interviewed and No Offer
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Interviewed Feb 2011 in Chicago, IL (took a day)
i talked to a recruiter and they asked me mostly standard questions about why trading, what i had done on my resume, etc. i was surprised i didn't get another round, as i've gotten multiple rounds at more reputable firms. i actually emailed the recruiter asking what i might've done better and she said she thought i did well and nothing stood out in particular, it was just very competitive this year. at least they were professional and responded etc.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a 1:1 Interview.
More Group One Trading Equity Derivatives Trader Trainee Co-op Interviews
Helpful Interview?
Yes |
No
Inappropriate?
Trading Intern at Group One Trading
Posted Mar 13, 2011
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3.0
Average Interview
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Overall Neutral Experience
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Received and Accepted Offer
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Interviewed Jan 2011 (took 2 weeks)
Two phone interviews with interest in trading + some basic math questions.
Interview Questions
Other Details
The interview consisted of a Phone Interview.
Helpful Interview?
Yes |
No
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Equity Derivatives Trader Trainee Co-op at Group One Trading
Posted Feb 17, 2011
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3.0
Average Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Jan 2011 in Chicago, IL (took a day)
I became familiar with Group One through a company visit where they gave a lecture on the greeks of derivatives trading. The employees were very enthusiastic about their jobs and seemed to truly enjoy what they were doing, which drove me to apply for their internship via my school's website.
First phone interview consisted of several mental math questions of varying difficulty.
The second phone interview was over what was on your resume, why you wanted to become a trader, and why you wanted to work for Group One in particular.
Both interviewers were friendly and laid back.
Interview Questions
Other Details
I got the interview through a College or University and the interview consisted of a Phone Interview.
More Group One Trading Equity Derivatives Trader Trainee Co-op Interviews
Helpful Interview?
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Trainee at Group One Trading
Posted Feb 15, 2011
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2.0
Easy Interview
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Overall Positive Experience
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Interviewed and No Offer
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Interviewed Feb 2011 in Chicago, IL (took 1 week)
Not as bad as people make it out to be. I'd say its a fairly easy interview.
If you haven't done math in a while, I'd urge you to start practicing at least a week in advance, as you will be required to do calculations in your head. You need to be able to visualize the numbers, and be able to explain all the calculations you do step by step.
Given that I havent done mental math since 2nd grade, I prepared for the interview using the Tratchenberg book, but Vedic also works very well(and is easier to grasp).
The brainteasers are fairly easy, although I did screw up one of them big time. I did catch the mistake and re-did the problem, though it took me a minute to figure out what I did wrong.
Interview Questions
Other Details
I Applied Online and the interview consisted of a Phone Interview, a 1:1 Interview, an IQ/Intelligence Test, a Skills Test and a Background Check.
Helpful Interview?
Yes |
No
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