I applied through college or university and the process took 2 days - interviewed at Group One Trading in February 2014.
Interview Details – Contacted through school careers service. interviewer asked a lot of behavioral questions.
Interview Question – Why tading? Answer Question
I applied through college or university and interviewed at Group One Trading.
Interview Details – Applied through my university's career website. Email from HR next day to come in. I do not think they even looked at my resume until 10 minutes after the interview was supposed to start. I do read quite a bit about trading on my own, but I am a stat/probability major (not finance) and struggled with some of their options questions. I did not misrepresent myself as if I was a finance guy in any way on my resume. They were upset that I could not answer those questions.
They were fairly rude, but I prefer bluntness. I don't take it personally and (sort of) think it was a game they were playing to see how I respond. There's no reception desk to receive visitors. Had to ask someone in the elevator lobby to let me in since the HR rep didn't answer phone. They wore T-shirts, I was in a suit. Waited 25 minutes for interview to start. They said there was chaos in the market to deal with but I could hear them joking around through their office door from the chair I waited in. Told me I answered their questions poorly.
I asked why they wanted me come in since I'm obviously not what they want. They could not answer, pretty much waste of all of our time.
Apparently they have 15 people go through this process a week. I might reapply. Good luck.
Interview Question – Why trading?
We interviewed 15 people so far in the last week what is going to make you stand out?
What do you know about us and what we do?
What books have you read about trading?
Mental arithmetic. View Answer
I applied through college or university and the process took a day - interviewed at Group One Trading.
Interview Details – The HR lady and operations lady interviewed me at the same time. It was behavioral to start Eg: Why trading...about my experience.
Then there were 3 mental math questions.
1. What is 39*21?
2. What is 4 percent of 4?
3. You are a card dealer for a game where you deal cards 1-10 and you have to pay the person playing whatever card you deal? EX: You deal a 7 you have to pay them $7. What do you charge them to play the game? You take the weighted average...sum up 1-10 which equals 55 and then divide by 10. So charge more than $5.50
Interview Question – Then there were 3 mental math questions.
1. What is 39*21?
2. What is 4 percent of 4?
3. You are a card dealer for a game where you deal cards 1-10 and you have to pay the person playing whatever card you deal? EX: You deal a 7 you have to pay them $7. What do you charge them to play the game? You take the weighted average...sum up 1-10 which equals 55 and then divide by 10. So charge more than $5.50 Answer Question
I applied through college or university and the process took 2 weeks - interviewed at Group One Trading in November 2012.
Interview Details – I applied through Campus Recruiting. They came to my school and had a face-to-face interview. Weeks passed and they never contacted me despite numerous attempts to email and call them. Worst of all, they told me that they liked what they saw in me and even gave me the name of the book they use for classes. Don't trust them if you think things went well.
Interview Question – Product of two 2-digit numbers.
Square root of 1000.
Game with 10 cards. You are the dealer. You give away a card marked 1-10. Whatever the amount of the card is you have to pay the person. How much would you charge to play this game?
Expected value of a 1-and-1 in college basketball. If a free-throw shooter makes 70% of his free throws, what is the expected amount of points he receives from a 1-and-1 (where if he makes the first shot he gets to shoot he second and if he misses the first shot he does not). View Answer
I applied through college or university and the process took 1 week - interviewed at Group One Trading in October 2012.
Interview Details – I applied through campus recruiting for the Chicago Office.
Two interviewers came to conduct on-campus interviews.
The interview was about 40 minutes long, and they started out with fit questions such as "why trading?" "What qualifications do you have that make you an ideal candidate as a trader?"
Then they moved onto asking some mental math questions and probability questions.
Interviewers were very kind and encouraging. Even though I didn't get the offer (in fact I haven't heard from them definitively yet but I assume that means no) It was overall a great experience.
The process took 1 week - interviewed at Group One Trading in August 2011.
Interview Details – 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.
The process took 1 week - interviewed at Group One Trading in June 2009.
Interview Details – 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 Question – Find the coin that weighs more (8 coins, using a balance) Answer Question
Very Difficult Interview
I applied through college or university and the process took 2 weeks - interviewed at Group One Trading in February 2009.
Interview Details – Super Friday. Live interviews on the CBOE during open outcry trading, 1:1 and group interviews, tons of math and statistics.
Interview Question – 412*679? Answer Question
The process took a day - interviewed at Group One Trading in January 2010.
Interview Details – 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.
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.
I applied through college or university and the process took a day - interviewed at Group One Trading in February 2011.
Interview Details – 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 Question – what is your favorite sport to watch? Answer Question
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