Optiver Derivatives Trader Interview Questions | Glassdoor

Optiver Derivatives Trader Interview Questions

Interviews at Optiver

8 Interview Reviews

Experience

Experience
86%
14%
0%

Getting an Interview

Getting an Interview
63%
25%
12%

Difficulty

3.8
Average

Difficulty

Hard
Average
Easy

 

Derivatives Trader Interview

Anonymous Interview Candidate
No Offer

Application

I applied online. I interviewed at Optiver.

Interview

Why trader?
Why optiver?

Interview Questions

Other Interview Reviews for Optiver

  1.  

    Derivatives Trader Interview

    Anonymous Interview Candidate
    No Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 4+ weeks. I interviewed at Optiver in November 2013.

    Interview

    Resume drop, initial online math test, behavioral phone interview, technical phone interview

    Interview Questions


  2.  

    Derivative Trader Interview

    Anonymous Interview Candidate
    No Offer
    Positive Experience
    Average Interview

    Application

    I applied through college or university. I interviewed at Optiver in September 2017.

    Interview

    Applied through college career fair and got a link to do the online numerical test few days later. It was 80 mental math questions in 8 minutes. Simple math but require speed and accuracy. 4 days later I got an email saying my numerical test scores qualifies for the next round phone interview. Now waiting for the HR behavioral interview.

    Interview Questions

  3.  

    Derivative Trader Interview

    Anonymous Interview Candidate in Chicago, IL
    Declined Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 4 weeks. I interviewed at Optiver (Chicago, IL) in May 2015.

    Interview

    Applied through site and within a week got an email with a link to the numerical barrier test. Took it, passed it. Then had a test involving mathematical series, then a test on logic puzzles. Professional environment with very intelligent people. Good atmosphere and it seemed like a very welcoming place to work, if you acclimate to the culture.

    Interview Questions

    • If a 10 x 10 x 10 cube has its cubic outer layer removed, what are the dimensions of the new cube?   2 Answers

  4. Helpful (2)  

    Derivatives Trader Interview

    Anonymous Interview Candidate in Chicago, IL
    No Offer
    Neutral Experience

    Application

    I applied online. The process took 3 weeks. I interviewed at Optiver (Chicago, IL) in January 2016.

    Interview

    Applied online, and a few weeks later received an invite to take the mental math assessment. I thought it was very easy, and finished all 80 questions with about 30 seconds to spare (I'm sure I missed a few though). I passed the assessment and then set up a behavioral phone screen with HR. While we were scheduling, I had an exploding deadline and asked Optiver if we could speed up the process. They said they could move the process faster and have an answer within a week. The behavioral phone screen was routine, and I was told I was moving on. Normally there are two more technical phone screens, but since I was expediting the process, I had both at the same time.

    I thought the technical phone screens were fair, though I completely botched an easy probability problem. Unlike the other interviews I have done (and I interviewed at three other places), the person on the other end did not help me during the mistake or even point out that I was making one. (Later, I solved the problem and it was quite easy). He also emphasized me estimating answers, so turning fractions such as .59/.73 into decimals without a calculator. We then moved to an "estimation" problem, where he asked me to compute the volume of salt in the Atlantic Ocean. I think my thought process was reasonable and efficient, although I could have been horrendously off, who knows. Then we moved to quick estimation problems, where he valued speed over accuracy and wanted me to give answers in hundredths of a percent (so an answer of two would come out to 20,000). I estimated very quickly, definitely wrong on some of them. For example, give 100 divided by 370000 in ten-thousandths.

    I received an email the next day saying I was not moving forward. I was a little surprised, because that same day I receive a full time offer at Jane Street (which is considered to be much harder to get), but I was unconcerned because Jane Street was my number one choice anyway.

    Interview Questions

    • Estimate the volume of salt in the Atlantic Ocean.   Answer Question
    • If A and B are playing tennis and the score is 30-30, what is the chance that A wins the game? Assume on any given point, A has a 0.7 chance of winning the point (and B 0.3)   4 Answers

  5.  

    Derivative Trader Interview

    Anonymous Employee in Chicago, IL
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through college or university. The process took 3 days. I interviewed at Optiver (Chicago, IL) in April 2013.

    Interview

    The process was extremely quantitative, and quite rigorous. It consists of 80 math questios (mostly mental math) that you have 8 minutes to do, and if you don't hit a certain level then you are out. The next series of interiews is in Chicago, where there is an entire day of mental math and interviews.

    Interview Questions

    • A series of 80 mental math problems with a time limit of 8 minutes   Answer Question

  6. Helpful (3)  

    Derivative Trader Interview

    Anonymous Interview Candidate
    No Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through an employee referral. The process took a week. I interviewed at Optiver in June 2011.

    Interview

    We were 20 people in a class, an HR gave us a test with 80 questions in 8 minutes (6 second for each question, it is sooooo fast !!) .
    It is a multiple choices questionnaire, the question are easy mental calculus or easy equation, with some trick (for example you may find 1/3 for the answer but it won't be on the suggested choices you willl have instead 6/18) it seems easy but the time runs to fast.
    Each good answer worth +1, each false -1, each questions unanswered after the last one answered worth 0. You need to have a sore of 55-60 to pass.
    Actually just one of 20 succeded, he was invited to two other tests logic and brainteaser, with a little bit more time.
    Actually when the HR told 4 minutes remaining most of people haven't finished 20 questions of the 80.

    Interview Questions


  7.  

    Derivative Trader Interview

    Anonymous Employee
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 3 weeks. I interviewed at Optiver.

    Interview

    First round: online IQ test
    Second round: 3 tests consisting of the famous 80 mc questions in 8 minutes. Grey zone > 48 points, safe zone > 54 points. Second test: sequences test, 26 questions in 30 minutes, grey zone > 18 points, safe zone > 21 points. Third test: 40 math questions, little bit tougher than those in the first test. 10 minutes i think. Grey zone around 28, safe zone 32ish. You are allowed to be in the grey zone only once. 1st and 3d test are with negative marking.
    Third round: HR interview and technical interview

    Interview Questions

    Negotiation

    No negotiations possible

Don't Miss Out On a Job You Love
Upload a resume to easily apply to jobs from anywhere. It's simple to set up.