a common question from prospective property dealers are preparing to make an impression in an interview for the vacant post of trading is "What are the interview questions will be asked of me?", "How will conduct the interview process? "and" what is the best way I could get ready to see me? ".
and all wholly-owned trading company recruitment process is unique, and these are often modified often as companies adapt and modernize its ways. It is therefore impossible to give anything more than general guidance for the interview process and what can be involved. However, the following article may help give indications of what may be asked of you, and how you can better prepare yourself for interviews.
prepare
company's research and interview your own (if known), and find out what the markets (stocks, options, futures or multi-asset), and how trade (Market Maker, spreads, pairs, arithmetic, trade flow, etc.). Check the job description carefully. Search the Internet for previous discussions or comments on the forums about the company or position.
If you do not prepare carefully for the interview, why should we assume that the interview will prepare correctly for each trading day?
Make sure you know the products and exchange, such as fixed-income or raises, Eurex and LIFFE. Read up on the tick sizes relevant, the value of contracts, and the dates of the extension, and the volatility of the contracts and product specifications.
interview a group
Some companies do this, others do not, but be ready for the first round of interviews to be done as a group. This is an easy way for the trading company owned to get a large number of applicants are a little more interesting in office Online block, and to narrow any of these applications that they want to talk to one-on-one.
In a typical group interview, recruiter (or two) will introduce the company and its chance. It will be run through a short presentation, and then we will ask the candidates one by one to stand up and move to the front of the room to make the introduction. You should talk about yourself, why you want to do trading and what with the company, and so you must customize your presentation to address what I think the company is looking to build on a previous job description and your research.
group interview and possibly include some kind of reaction or cognitive test. There may be a need to do some of this on a computer. It is very likely that it will also include some very basic account - and this test will not be tests usually very difficult, but will impose a time limit.
usually put the entire process to help determine the recruitment firm pillar and one of any of the candidates are grouped view the properties the company considers desirable. For example, trading requires confidence and composure, as well as effective communication with trainers and other traders, especially if you go to work in the team. Aptitude or math tests will show whether you can keep your focus and accuracy while under pressure in the competitive environment for the other candidates.
individual interviews - the types of question
interview questions are divided into types category, such as open or closed or behavioral questions questions, and aims to raise or provoke specific responses from inteviewees. It is useful if you understand the kinds of questions that can be asked, so you can mentally prepare for how you can deal with your responses in these scenarios question.
behavioral questions - predict future behavior based on your previous experiences
must have examples ready for how that allows you to past experiences to develop the specific skills required for the job, and explain the benefit of the company.
star: situation and tasks and work, as a result of
open-ended questions - "Tell us about ........"
Keep in mind the skills likely to be needed as the dealer, and tailor your response about the job description, selection criteria and your strengths.
closed - used when a contrast he wants with realistic nature or specific technical information, this kind of questions can often be answered "yes" or "no"
an interview will be for clarification and preparation of previous experiences or will require you to prove your knowledge in a certain area.
hypothetical questions - "What do you do ..." "How do you deal with ..."
These questions were designed to assess mental agility, the ability to think on your feet.
questions of leadership - and the answer seems obvious ...
"as a merchant trainee will require good communication abilities - Do you have good skills in this area" do not give a yes or no answer. Always give examples to support your response.
combination or sequential questions - two or more of the questions phrased together, on the same subject
Do not be afraid to ask for the question to be repeated if you do not recall parts of the issue through the full reply.
Use a "Star" to respond to interview questions
S: situation - described the scenario
T: task or problem - what is the problem that you face?
A: work - what action or decision did not take?
R: The result - what was the result, or the result of your work?
common interview questions
The following is a list of some of the most frequently asked questions Commercial Property interview, and an indication of what can be looked for in the company's response.
Tell me about yourself
and the one most commonly used in all interviews question, although it often holds the guard ready outside. You need to have a short statement prepared in your mind. Be careful what you say does not seem overly rehearsed. Limit your response to the information related to commercial or professional unless otherwise decided. Talk about the things you have done and jobs you have held that are related to, or could contribute in some way to their suitability for business situation you are interviewing for. Start with the farthest things back and work up to the present.
Why do you want to be a dealer ?
explain how Since when do you have the desire and describe the steps it has taken to achieve that goal. If you've already traded this is a great opportunity to show the evidence in the real world of your interest in trading through the account data and measurements produce profits and losses. The company have a desire to earn money, and useful skills that you've already got from other regions. You should also demonstrate an understanding of the job requirements, and its long term goals. They are not looking for people who want to "glamorous" jobs, who have no appreciation for the hard work that is required, or for people to go into circulation because they were not able to get to their chosen field. Ie, an investment bank.
Do you consider yourself a risk taker?
, you must answer this honestly, and be prepared to support your answer with behavioral examples. If yes, give an example of the danger that he took. Why do you consider that a risk? Do you enjoy the risk? If not, explain why. Be prepared to describe what it considers the risk, and how they interact with others who do not take risks. It is likely that the company should look for people who know the difference between a calculated risk and recklessness, who are considered at risk by the hand and who enjoy the challenge of calculated risk. It will not be looking for people who enjoy taking the risk just for the rush of adrenaline, or who can not distinguish between risk and folly.
What do you know about this organization?
This question is one reason to do some research on the organization before the interview. Briefly explain what you know about the company, where they were and where they are going. What are the current issues and who are the key players in the company, which markets and exchanges and how they are traded. Do not be afraid to phone in advance to receive and talk to someone when doing research to try to get enough information.
Why do you want to work / trade with this company?
should be based on this may take some preparatory thinking, and again on previous research you have done to support the group. Sincerity is very important here, and will be easy to touch. Relate your response to your career goals over the long term - which should of course be related to the trading opportunity you apply for.
What did you do to improve your knowledge of or skills in the last year?
in an attempt to include self that relate to a specific opportunity to improve activities. It can be a male and a wide range of activities, such as improving the positive personal, and can include sports activities or performance. Do you have some good ones you think that the value of a company willing to mention. Talk about why and how I learned, how much time it took, are you still learning or mastering? We will support the company be looking for people who can explain why he wants to learn, who understand that learning takes time. We will, of course, we want the people who put in a great effort to learn something new and who realize that there will always be something new to learn.
will not be looking for people who do not show perseverance, or who believe in the writing session for a day and a good example of this.
Why should we hire you trade for to us?
explained the extent to which personal strengths and assets you need company. In the end, the company is looking for someone who will make money for them, so you should respond in such a way that this restructuring is the result of your common goal, and explain how you intend to achieve it for them. Do not mention any other candidates to make negative comparisons.
Do you consider yourself successful?
You should always answer yes to this kind of questions, and briefly explain why. This should include a good answer some personal goals that you have set, and explain that you have met some and how they are on track to achieve the others.
What is the greatest power you have?
many good answers, just stay positive. There are a few good examples: Your understanding of technical analysis, analytical skills or solve a problem, you have the ability to stay focused and work under pressure, positive attitude, and your perseverance.
What was the biggest disappointment you have?
Try to keep your response to professional scenario. Endeavour to refer to something that was beyond your control. Showing accept the situation and any negative feelings. Explain why you think this has happened, what are the steps you have taken to overcome this. How successful these steps, and most importantly, what have you learned or taken from the situation that led to improved personal. The company is likely to be looking for people who can not accept their part in the failure and who take some form of action to try to overcome the failure or at least learn from it. They want people who accept that they will have failed, especially in trade deals since losing part of any activity merchants.
will not be looking for people who think they are perfect, who do not accept their part or attempt to blame others, or people who stop failure.
situation that requires a bit unusual description of hard work under pressure.
Can you say that you thrive or enjoy certain types of stress or carried out in the best when you are in a stressful situation. Give an example relating to a commercial environment. Talk about whether there was justification for the hard work in your example, and tried to ease the tension, and if it was all worth it in the end. That the company may be looking for people who understand that success takes hard work will continue, and who can deal with stress relief. It will not be looking for people who believe that success comes easily or who get bogged down by stress.
Are you willing to put the interests of company by yourself?
This is the loyalty and commitment to a direct question. Do not worry about any ethical and philosophical implications. Just answer yes.
How do you expect to confront your lack of from the experience?
First, if you have a trading or market expertise relevant to the interview is not yet aware of, and make it here: Then, point out (if true) that you are a fast learner and will work hard.
Do you have any questions for me?
always prepared questions, even if you think you already know a lot about the opportunity or the company of previous research your own, and it shows that you are interested. Prepare your questions in such a way where you will be an asset to the organization are useful. "How soon will I be able to start trading?" "What is the closest I can get on the trading floor every day?" "What are the kinds of strategies that will be able to learn?" Examples.
technical or product-related questions
technical questions are something you should expect from each commercial property interview approx. While the area of specialization, type of market and the level of difficulty of the questions greatly vary from company to company, will undoubtedly be technical questions in one round, at least from your interviews.
Again, careful research on the activities of companies and markets, and the role of trading you applied've give you valuable pointers for areas of specialization that you should brush up on in advance. Accurate and detailed responses will be what will probably convince your own interview and help to improve your chances of landing a job. In this most competitive industry, it is important for you to get any advantage over the other candidates as you can. If you put in the time to prepare, and this can help give you that edge.
Some examples of product-related interview questions
graph of the relationship the interest rate on the bonds.
What is convexity?
What is the yield curve inverted?
The following four different bonds, 25, 23.22, 24. rates and assuming that you can sell or buy these bonds at any cost, and if you know that tomorrow, the three of them will go to 0 and one of them and 100, how the arbitration?
How do you explain the proliferation of credit?
If the exchange rate yen / dollar 100 yen / $ today and forward rate one year is 105 yen / $, what does this mean?
What is the yen / dollar exchange rate today? Where do you think it will be in one year, and why?
If the issuing company want to pay any more than 110 yen and the dollar, not less than 0 yen and the dollar in three months, and how you use option instruments to hedge their position?
Do you paid for the option to go up or down when the longer maturity option?
brain teasers and problem solving
It would be worthwhile for us to include a huge library of problems possible interview or brain teasers in this article, Google is available to you if you really want to find examples, but we suggest you research the possibility of a puzzle Monty Hall, as they are fairly asked variants of this contradiction common in interviews
interviewed to understand that some of the puzzles may not have a clear solution, or form some kind the irony is that has no right answer. The correct answer in these cases is just to show your reasoning as you work out, and prove you're not going to panic.
Monty Hall question pattern:
you to show the game, behind one of the doors is $ 1000. behind the last 2 None. you can choose the door. host country, opens one of the other doors revealing be free. It now gives you the chance to switch to the remaining closed door, or keep the original option. Do you switch? What prompted the switch?
or other similar ...
I have two envelopes one that has twice the amount of the other . I give you one of the envelopes. If you switch?
math, efficiency, psychometric and personality profiling testing
participation for all, but not least - to be prepared for the type of athletic tests at some point during the interview process stage, do not especially if they owned a trading company you are interviewing with and involved in market-making and trading calendar spreads or options trading.
despite the fact that most of the trade mission calculations performance ratios and price implied automatically for you platforms, the company is expected to have good math skills in any case, because they will want to be sure you understand how and why you are trading where train you in its strategy.
math test is a reasonable amount of mental agility and you should expect, at the very least, a test calculation includes, subtraction, multiplication and / or division of large numbers and fractions. If the company you are testing with quantitative or engaged in making the options market, and we expect the math test to be difficult. The timing of the test will be to add the pressure of time and stress in the equation.
test more stringent and can include psychological profiling. If you have not done myself a test, you should conduct research on the Internet on the ferry and try some free trials that appear in your search. Although it is possible to improve your scores in this type of testing by being aware of what concerned, unfortunately, it is impossible to know exactly what the company is trying to glimpse a test for you. Just relax, and answer questions honestly and consistently as you can.
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