Junior Trader Interview Questions

9,642 junior trader interview questions shared by candidates

I was asked to describe in detail the hedges I would implement to protect myself on a cargo of Petroleum bought today for future delivery in one region on local pricing with intention to deliver if by sea to a different region on totally different pricing.
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Junior Trader

Interviewed at Trafigura

3.5
Jun 26, 2012

I was asked to describe in detail the hedges I would implement to protect myself on a cargo of Petroleum bought today for future delivery in one region on local pricing with intention to deliver if by sea to a different region on totally different pricing.

A piece of land has a 30% chance of being located over an oil reserve, in which case it is going to be worth 100M. If there is no oil, the land is worth 30M. You are offered an option to buy the land at 40M after inspecting it and ascertaining if there is oil. How much are you willing to pay for this option?
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Assistant Trader

Interviewed at Susquehanna International Group

3.8
Mar 13, 2013

A piece of land has a 30% chance of being located over an oil reserve, in which case it is going to be worth 100M. If there is no oil, the land is worth 30M. You are offered an option to buy the land at 40M after inspecting it and ascertaining if there is oil. How much are you willing to pay for this option?

There were a few bunch of simple math questions and some probability questions. If you toss 4 coins and get 1 dollar for each heads, how much are you willing to pay to play the game? What if you have the chance to toss again one coin? What about two?
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Assistant Trader

Interviewed at Jane Street

4.4
Jan 26, 2014

There were a few bunch of simple math questions and some probability questions. If you toss 4 coins and get 1 dollar for each heads, how much are you willing to pay to play the game? What if you have the chance to toss again one coin? What about two?

I have $1M on hands. You're invited to a gangling game. Tails: Payoff: twice you bet (if you bet $1, you will get $2+ your bet). Heads= you lose your bet. How much would you bet (it's a one-off gamble, no second chance).
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Trader Assistant

Interviewed at DRW

4.3
Dec 3, 2011

I have $1M on hands. You're invited to a gangling game. Tails: Payoff: twice you bet (if you bet $1, you will get $2+ your bet). Heads= you lose your bet. How much would you bet (it's a one-off gamble, no second chance).

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