engineer00
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Nicholass, which location you taking the test at? Let us know how it goes/went.
There is a rationale for the number crunching.Still I hear good things, pitty I don't crunch as fast as required, seems more like a parlour trick though then what's truly necessary in all honesty.
2. optiver has beening recruiting new guys consistently for years, and there are numberical tests for almost every week, even if the passing rate is, say, 5%, and assume 10 candidats a week, which means there would be around 2 candidates can pass all tests for a months, and 24 people for a year, however, there are around 150 traders in amsterdam office , and this number has NOT been expanding along with the new guys who are coming in. i really want to know why..as a matter of fact, i have been to optiver amsterdam office during a "in house day", and i didn't see any empty desk in the trading room...
Can anyone tell what can be asked in Optiver Interview? I mean what kind of questions one can expect for the position of derivative trader?
Thanks
anyway, if you can pass the numerical test, interview would be a big problem
First of all thanks a lot for your insights. Well, I hope there was no typo when you wrote "interview would be a big problem", your sentence more sounded if you wished to say "interview would NOT be a big problem".... kindly please clarify.
Your inputs would be esteemed.
Thanks a lot
OPTIVER NUMERICAL TEST
Hello,
I recently gave Optiver numerical test and it behooves me to share my experience with all those people who intend to give it a try in future.
There are basically 3 tests and I reached till stage 2, and then I got booted out. So, I shall be discussing the first two stages as I am only aware of these two.
Test 1:
Its decisive test. Where you are given 80 questions and the time allocated is mere 8 minutes. Its a multiple choice test and very easy on the face. BUT, when the time constraint is involved, its no doubt not a cake walk any more. I passed with 55 marks and was able to do 60-61 questions. The invigilator told us categorically that we should not try to complete all, just aim for 60 and try to do as correct as we can. She was right. Every correct answer fetches you 1 mark and every wrong answer costs 2 marks. So the formula for the grading be:
Final marks = c-2w, where n=c+w obviously.
n=number of Q attempted
c=number of correct Q
w=number of wrong Q
The questions involved were very simple, with NO complex calculations. Questions asked were like
1)0.40 + x = 0.48
a) 0.18 b) 0.08 c) 0.8 d) 0.4 Correct is b)
2) 1/2 / x = 3/2
a)1/4 b) 3 c) 1/3 d) 2/3 Correct is c)
If one aims for all 80 questions, then theoretically we have 8*60/80=6 Seconds for each question, BUT one must keep in mind that we have to search the correct answer from a,b,c,d and then fill in our choice is a separate answer sheet and this process consumes time, say 1.5-2.5 sec. Sometimes answer is not in any straight form. For example on the example 2 above, since the answer is 1/3, in multiple choice it could have been 2/6 also. In nut shell:
2) 1/2 / x = 3/2
a)1/4 b) 3 c) 2/6 d) 2/3 Correct is c)
Be careful with the fractions. Optiver will try to confuse you as much as it can.
Had one supposed to just tick mark the answer on the question paper itself, life would have been lot simpler. But thats not the case simply. Do keep the answer sheet close the the body so as to fill in as soon as possible. Ergonomics matter here. Be careful that you don't fill in the wrong place. I filled the answer for 21st Q in 22nd's place and then I had to change the choice which adds to a tremendous confusion given the pressure. Cut off varies from 50-55. If some one is in this zone, I believe that he is given a chance. I think that in the last if some one clears all three tests, a weighted commutative score is also taken. Invigilator was alluding to it that, if one is in the gray zone, then its always hard to get through finally even after clearing all 3 tests. But, I am not sure of the methodology they employ for it or if indeed they take cumulative or not. I still think that they do take cumulative in the last, this is what transpired from their talk. So the mantra is to get as much marks one can get, and not merely tied to clearing cut off.
The invigilator told that only around 8-10% people clear this 1st test.
Test 2: This is a sequence series. Well I had never any preparation for it, so I messed it up. I found it hard actually, to tell you the truth. I really do not remember any question which was asked but an example question was
1,2,3,6,12,24,*,* Answer is 48,96.
Here every number is the sum of previous numbers
Its again a multiple choice, BUT there is NO negative marking. There are 26 questions in all and 30 minutes time. Cut off was 17. Cut off is not told before the exam.
I would say that solve some IQ problems like this before you go for the test. I do not have any source, but I am sure that there are books on similar problems.
Third test, I do not know, Sorry as I was not able to reach this stage.
Thanks
Sorry a small ERRATA:
In test 2: There is negative marking of 1 mark.
So the formula for final marks be: Final marks = c-w,
Also, for Test 1, you have to answer in an order, and if you leave any blank, it will cost you 2 marks. For Test 2, there is no such order. Answer any question you wish.
Thanks you very much, but just want to confirm for suppose for test 1 i attempted first 70 questions by leaving 10 attempted, so does it will take 10* 2 =20 points from my score?
Great help mate, can you please also advice me is for the test 1 more questions on fractions, %, and decimals, or includes some sentence based complicated questions?
There is NO sentence based question. All simple questions as I mentioned above.