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      Barclays

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      Summer Analyst - Structuring and Trading Interview

      May 7, 2010
      Anonymous employee
      Londen, Engeland
      Accepted offer
      Positive experience
      Difficult interview

      Application

      I applied online. The process took 2 weeks. I interviewed at Barclays (Londen, Engeland) in Nov 2009

      Interview

      First, a phone interview mostly based on my personal background (personality test) along with classical questions such as: Why Barcap ? Why did you choose to study math ? Why do you want to work on a trading desk ? Then the assessment center in London: one full day of 1:1 interviews (4 in my case) with operationals from different desks + a trading game (1h30). Finally, the "final round": got interviewed by a full desk (3 traders). They asked me a lot of technical questions and checked my quantitative background, they also explained to me what products they trade.

      Interview questions [1]

      Question 1

      Write a quasi-algorithm that computes the implicit volatility (i.e. numerically inverts the Black-Scholes formula) with the Newton-Raphson method.
      Answer question
      3