I applied through university. The process took 1 day. I interviewed at JPMorganChase (New York, NY) in Jan 2011
Interview
I was interviewed for the first round by two people, one more senior, the other a second year trader. Initially there was (the usual) back and forth about whether I follow market trends, why I'm interested in trading, etc. My impression was that they had structured the interview specifically so that they were looking for people for trading as well as for sales, while I was only interested in the former position. At one point they asked about the expected value of a simple probability game, then asked that I pitch the game to a client as a "new product" for a price lower than the expected value for the game.
Lasted about 25 mins, and I didn't get a second round.
Interview questions [1]
Question 1
You're given a die game: You roll a die, and are payed the outcome of the roll in dollars. (1) Determine the expected value of this game. (2) Determine a price at which you'd be willing to "sell" the game to a client ("spread") and pitch the product.
6 process, met few desk heads and some senior traders. They will run few background checks on you as market is small. Asked about your career ambitions , asked about market views etc .
two in person interviews: need to know mathematics well. Also statistics: not only the applications, but also the basic definition and induction proofs. it is overall not super easy or hard, but a grind to the basics
I applied through an employee referral. The process took 3 months. I interviewed at JPMorganChase (New York, NY) in Jan 2016
Interview
Spoke with managers, sales and traders from different desks, it went very well very professional. I heard back from them very quickly about the next steps. After I met with them I submitted to drug testing and fingerprinting and was employed within a matter of weeks after that.
