Tower Hill Trading Interview Questions

Updated Apr 3, 2015
Updated Apr 3, 2015
14 Interview Reviews

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  1.  

    Equity Trader Interview

    Accepted Offer
    Accepted Offer

    Interview

    If you want to do it, they bring you in for training. It's not very difficult to get in but it is difficult to stay alive once you are in. They train you for 1 week with the software and basic strategies and let you run with the bulls. Simulation mode is much different than live so don't get too excited.

    Negotiation

    None

  2.  

    Trader Trainee Interview

    Accepted Offer
    Positive Experience
    Easy Interview
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied online. The process took a weekinterviewed at Tower Hill Trading (Chicago, IL) in October 2014.

    Interview

    I called to discuss applying to the trainee program and I was asked to send a resume. After that I was sent documents describing everything about the position. After reviewing them and approving the terms, I was scheduled for my initial training. The process was very easy BUT you do need to be persistent in following up to make sure that they are reviewing your application. Mine was forgotten so when I didn't hear from them in a couple of days I called to check in.

    Interview Questions

    • Are you able to commit to trading during regular market hours on a daily basis?   1 Answer
  3.  

    Proprietary Tradere Interview

    Accepted Offer
    Accepted Offer

    Interview

    There really wasn't an interview. They e-mailed me, asked me to come in for a test. I took the test and passed - it was very easy

    Negotiation

    none

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  5.  

    Assistant Trader Interview

    No Offer
    No Offer

    Application

    I applied online. The process took 2 weeksinterviewed at Tower Hill Trading.

    Interview

    Invited for a math quiz, finish them in a short time

    Interview Questions

  6.  

    Proprietary Trader Interview

    Accepted Offer
    Positive Experience
    Average Interview
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied online. The process took 2 weeksinterviewed at Tower Hill Trading (Chicago, IL) in November 2012.

    Interview

    Applied online by sending email to the admin & got email to come in and take a test. After the test, they email you to come back in for informal meeting about the position and give you the paperwork (agreement/contract) to look over at home. If you want the position, you send them email stating that you're interested and they have you come in to fill out paperwork (tax paperwork, etc.) and they let you know your start date.

    Interview Questions

    • To be honest, there is no hard or unexpected questions they're going to ask you.   Answer Question

    Negotiation

    I read over the paperwork and made copies for myself just in case, for future reference. If you have any questions you want to ask them, they pretty good at answering them up front.

  7.  

    Trader Interview

    Accepted Offer
    Neutral Experience
    Easy Interview
    Accepted Offer
    Neutral Experience
    Easy Interview

    Application

    I applied online. The process took 2 daysinterviewed at Tower Hill Trading (Chicago, IL).

    Interview

    As previously noted, you take a test - everyone passes - everyone gets offer.

    Negotiation

    You agree to be their slave... they still want to negotiate terms.

  8.  

    Trader Interview

    Declined Offer
    Negative Experience
    Easy Interview
    Declined Offer
    Negative Experience
    Easy Interview

    Application

    I applied online. The process took a weekinterviewed at Tower Hill Trading (Chicago, IL).

    Interview

    If you show up, you get hired. Simple as that. I basically threw the math test and still got an email to come back. There is no risk on their part for you being there because you don't get paid a salary. If you suck, you don't make it and there's no skin off their back. If you're good, you're stuck there for like 3 years under their ridiculous conditions. I would say this would be good if you have nothing else but I won't even say that because you probably won't make any money (at least for six months or you're willing to work 2 jobs).

    Interview Questions

  9.  

    Proprietary Trader Interview

    Declined Offer
    Easy Interview
    Declined Offer
    Easy Interview

    Application

    I applied online. The process took a dayinterviewed at Tower Hill Trading (Chicago, IL) in July 2012.

    Interview

    Applied online-Got an email to with options of schedule for aptitude test-Information Session if pass the test. 48 questions for 15 mins, sounds hard but it seems like if you show up and did it then you would pretty much pass! I was there with 5 other people for the test and I saw 4 of them in the information session part.

    Interview Questions

    • most of them are math questions, some of them are geography questions.   Answer Question

    Reasons for Declining

    working environment is bad, meaning dark in the office and looks like traders there lose their balance of work and life. also it is not a place where is salary plus based but performance based.

  10. Helpful (1)  

    Trader Interview

    Accepted Offer
    Neutral Experience
    Easy Interview
    Accepted Offer
    Neutral Experience
    Easy Interview

    Application

    I applied online. The process took 2 weeksinterviewed at Tower Hill Trading (Chicago, IL) in May 2012.

    Interview

    Received response from my resume submission the next day. Scheduled aptitude test for end of week. Aptitude test was about 55 questions in 15 minutes. To prepare I used sporkle.com for the quick math problem. I also used google to find logical reasoning questions. The whole test was just quick math or logical reasoning. You have to just be quick, and if you don't know the answer then skip it and get back to it if you have time later. I ended up finishing the entire test, but most people in the room didn't. I received my response about 15 minutes after the test that I was invited to a second interview, which ended up just being an info session. The whole process took two weeks, but could have been much quicker if I wasn't 2.5 hours away at school.

    Interview Questions

    • use the math part on sporkle.com or look at the questions on this website: http://www.indiabix.com/logical-reasoning/logical-problems/   Answer Question
  11.  

    Proprietary Trader Interview

    Declined Offer
    Neutral Experience
    Easy Interview
    Declined Offer
    Neutral Experience
    Easy Interview

    Application

    The process took 4 daysinterviewed at Tower Hill Trading (Chicago, IL) in February 2012.

    Interview

    After applying online, I was contacted by email and told to come take an aptitude test. The test is made of 48 or so questions, and you're given 15 minutes to complete it. I had to really rush through the last page...

    Nevertheless, I made it to the next round. Just a few days after the aptitude test, I came in for a group info session. Only one of other applicants besides me had prior trading experience. They took us to the trading floor, which was dead quiet and with lights off. Then, the manager of the company talked about their proposition, gave us the contracts to take home and to review, and told us to contact them if we are still interested in the position.

    Interview Questions

    • A train travels a certain distance taking 7 hrs when going forward. While returning, train increases speed by 12km/hr and takes 5 hrs to return. What is the distance traveled?   1 Answer

    Reasons for Declining

    I declined the offer because:
    1. They pay no base salary. They pay you 80% of your profits minus trading fees. They also keep a lot of your money in the trader's bank and have a bunch of rules to keep you from cashing it.
    2. I heard they have terrible training.
    3. It seems they discourage teamwork.
    4. I heard many negative reviews about them, especially how they rip off their traders.
    5. Personal reason: prop trading is stressful and isn't worth it without adequate compensation.

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