From the category archives:

Job Interview Questions

Question:
You have two string-like fuses.  Each burns in exactly one minute.  The fuses are inhomogeneous, and may burn slowly at first, then quickly, then slowly, and so on.  You have a match, and no watch.  How do you measure exactly 45 seconds?

Answer:
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Question:

You hire a man to work for you for seven days.  You wish to pay him in gold.  You have one gold bar with seven parts — like a chocolate bar.

You wish to pay him one gold part per day, but you may snap the bar in only two places.  Where do you snap the bar so that you may pay him at the end of each day, and so that on successive days he may use what you paid him previously to make change?

Answer:
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New York Magazine sent three candidates to recruitment experts for advice on landing a new job. One of them, Piyush Bhargava, was recently let go from Bear Stearns where he was on the firm’s credit-trading desk. He has a four-year engineering degree from India and a master’s degree in computational finance from Carnegie Mellon. His work background includes working as a techie with Reuters, three years as a risk consultant at Deloitte and Touche, and most recently monitoring trades at Bear Stearns. Having been laid off in August, he’s looking for a risk management position at an investment bank, private-equity firm, or hedge fund, in a salary range around $115,000, competitive with what he received in 2007.

Among the suggestions from three top placement experts was to use his cover letter to stress how his experience in both entrepreneurial and client-focused positions could directly benefit the companies he’s applying to. This dual experience could be particularly appealing to boutique financial firms.

Another suggestion was to list his employer’s name first, and the positions he worked second. This approach emphasizes how many years in total you have worked for a particular firm, and avoids the impression that you are a chronic job-hopper. In Bhargava’s case, he could consolidate the three technical positions he held at Reuters to show that he was with the firm for six years.

Another tip: having worked for marquee companies such as Bear Stearns, some prospective employers may not call you for a job interview because they assume they can’t afford your salary. If you’re in a similar position, it’s worth emphasizing on your cover letter that you would be willing to accept a more modest compensation package.

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Hedge Fund Jobs Interview Question: How Old Are Three Kids?

October 31, 2008

Here’s another puzzle that’s popular in interviews for hedge fund jobs.  See our archive of hedge fund job interview questions here.
Question:
One analyst (John) is talking to another (Mary) while working on a deal book at 2AM.  Mary learns that John’s sister has three children.  “How old are the children?” asks Mary.  “Well,” replies John, [...]

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Hedge Fund Jobs Interview Question: Common Sense and Archimedes’ Principle

October 14, 2008

A simple question of deduction that you might get asked in a hedge fund job interview.
Question:
A small boat is floating in a swimming pool. The boat contains a very small but very heavy rock. If the rock is tossed out of the boat into the pool, what happens to the water level [...]

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Hedge Fund Job Interview Question: Weighing the Odd Marble

September 3, 2008

This is a challenging, and quite popular, question of pure logic you could easily encounter as a hedge fund job interview question. We suggest you don’t skip right to the answer, but take some time to digest the problem if it stumps you. Also, remembering the principles of the solution may be [...]

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Hedge Fund Job Interview Question: The King’s Conundrum

August 15, 2008

It would be a royal pain not to know the answer to this puzzler in a job interview!
Question:
This is an absolute classic. A king demands a tax of 1,000 gold sovereigns from each of 10 regions of his nation. The tax collectors for each region bring him the requested bag of gold [...]

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