Headlands Technologies

How the process runsTypical for a quantitative trading firm

1. 1ApplicationTypicalOnline application with resume. Networking often decides who is read closely.
2. 2Online assessmentTypicalTimed math and probability tests, sometimes a coding test or a market making game.
3. 3Phone screenTypicalMental math, probability, and expected value questions over the phone or video.
4. 4First roundTypicalProbability and betting games, market making scenarios, and how you update on new information.
5. 5Final roundTypicalSeveral technical interviews and often a trading game with other candidates.
6. 6OfferTypicalUsually within days of the final round.

Timing between stages shows on each program page once students report it. Firms change formats by year and office; the firm's own invite is the final word.

What it tends to weighTypical of a quantitative trading firm

• Expected value and probability done quickly and correctly, with the reasoning said out loud.
• Making markets: quoting a width, updating on fills, and managing inventory.
• Collaboration and admitting mistakes quickly, which trading firms test directly.

behavioral

3 questions

technicals

14 questions

markets

3 questions

modeling

1 question