Finance Associate Interview Questions in New York, NY | Glassdoor

# Finance Associate Interview Questions in New York, NY

120

Finance associate interview questions shared by candidates

## Top Interview Questions

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### Quantitative Finance Summer Associate at Morgan Stanley was asked...

Aug 5, 2010
 At a party everyone shakes hands, 66 hand shakes occur, how many people are at the party? 9 Answers12requires explanationit's not 12, it's 11Show More Responses12sum of the series 66= n/2( 2*1 + (n-1)*1) n=12You can suppose there are n people in the room and think of them in a row. The first one has to shake hands with (n-1) people (because he doesn't have to shake hands with himself). The second one has already shaken hands with the first one, so he has (n-2) shakes remaining... and so on. So you have to sum: (n-1)+(n-2)+(n-3)+...+1= (n/2)*(n-1) Then you have to solve (n/2)*(n-1)=66 and you get n=12.n(n-1)/2=66 so n=12You can think of this problem as a combination problem: (N choose 2) = 66, and then solve for N. That is, N! / (2! (N-2)! ) = 66. Simplifying this equation leads to N(N-1)/2 = 66, and the integer solution to this problem is N = 12.66=x!/((x-2)!*2) which gives 12

### Quantitative Finance Summer Associate at Morgan Stanley was asked...

Aug 5, 2010
 There are two stocks with the same expected value, with variance 0.3 and 0.2 and correlation 0.5. What proportion of each stock do you invest in to yield a minimum risk portfolio? 4 Answers100% in stock 2, with the smaller variance.No, if you can short, the variance could be reduced even further since the stocks are correlated.17/44 of the stock with variance of .3 and 27/44 from the stock with variance of .2Show More ResponsesCovariance = 0.3 * 0.2 * 0.5 = 0.03 Cov Matrix = c = [0.3 0.03; 0.03 0.2] Inv Cov Matrix = c_inv = [2000/591 -100/197; -100/197 1000/197] Answer = (c_inv * [1; 1])/([1 1] * c_inv * [1; 1]) = [17/44; 27/44]

### Quantitative Finance Summer Associate at Morgan Stanley was asked...

Aug 5, 2010
 If W is standard Brownian Motion, for what values of n is W^n still a martingale? 3 AnswersBy Ito W^n is a martingale for n=0,1Agree, for any n>1 you get a drift termXt is a martingale you get f(Xt) is a martingale if f is linear otherwise convexity or concavity will increase or decrease the expectation, think of Jensen inequality.

### Quantitative Finance Summer Associate at Morgan Stanley was asked...

Aug 5, 2010
 Evaluate the integral from 0 to pi/6 of sec(x) dx.3 AnswersReaching back to high school, I'd say -.5ln(3)/2ln(root 3)

### FX Financial Sales Associate at FXCM was asked...

Sep 23, 2010
 What is your long term view on the dollar?1 AnswerRead the news, DailyFX

### Financial Associate at M-Group was asked...

Oct 25, 2010
 how are you with organization 1 Answergood, everything has a place

### Financial Associate at M-Group was asked...

Oct 25, 2010
 how are you with numbers, not intense math but general math1 Answergood, as long as you dont throw any imaginary numbers and/or letters into it

### Financial Associate at Goldman Sachs was asked...

May 30, 2012
 Why did you choose GS1 AnswerGreat company to work for in terms of people and experiences and always seem to put their best foot forward. THis is how I have tried to carry myself and hoped to match my own interests/views with a company that has similar interest/values.

### Associate Financial Representative at Northwestern Mutual was asked...

Jul 4, 2012
 Do you have any experience with investing, and what can you tell me about them?1 AnswerThis was very vague and I was unclear on what types of investments the interviewer was asking about. I did not have experience with the investments that Northwestern Mutual handles, but did have experience with others.

### Associate Financial Representative at Northwestern Mutual was asked...

Jul 4, 2012
 Tell me a time that you overcame adversity. 1 AnswerI drew a blank on this one; I have a standard "was doing badly in school due to injury but was able to push through and keep my grades up" type story, but it was honestly very cliche and out of place.
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