math test for imc-chicago

Quote from IV_Trader:

Hmmm , for a second round I was expecting much more complex questions…no wonder that WS firms need a bailouts. Here are a few examples:

Can a janitor with annual compensation of 18k afford a 650k adjustable mortgage ( no down payment) ?
(answer: yes)

What leverage should a 24 years old senior trader use for un hedged directional bets ?
(answer: 200 to 1)


:D
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:D :p
 
What is IMC exactly? Is it an options proprietary firm? I thought most of those were just market makers so why is a math test so essential?
 
Quote from bahdabing:

Here's some sample questions. Speed is the key to getting to 2nd round.
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Forgive my naivete (and curiosity), but is this a joke? I can't imagine a management consultancy asking questions of that level. Where's this really from, a graduate analysis course?
 
Quote from Euler:

Forgive my naivete (and curiosity), but is this a joke? I can't imagine a management consultancy asking questions of that level. Where's this really from, a graduate analysis course?
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the OP was merely asking about the IMC test so I posted questions that I had taken during 2001.

Someone did mention Optiver and this is a sample of what they expect for a MM:
Superior numeracy is an essential quality for our Market Makers. Your numerical skills will be tested at our offices when you apply for the position of Market Maker with Optiver.
Just for fun – simply to test your nerves – we have included a short test here. Please note that this bears no similarity to the one you will be asked to take when applying to be a Market Maker. For instance, this online test contains a couple of questions on options trading. However, the test for applicants requires no knowledge of this topic.

This online fun test consists of ten questions which have to be answered within 30 or 60 seconds. So don't delay, and remember to click "Yes" once you have entered your answer. You can see how many questions you have left to answer at the top of the test screen. Your final score will be shown after you have answered the last question.

They (Optiver) also have a sample test that is time based here>>>>
http://www.optiver.com/pages/workingwithus/testme.asp
 
Quote from bahdabing:

the OP was merely asking about the IMC test so I posted questions that I had taken during 2001.
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My bad..I was thinking of a different IMC! :eek:

It appears challenging, in any event! Good luck to those taking it.
 
Quote from youngtrader:

What is IMC exactly? Is it an options proprietary firm? I thought most of those were just market makers so why is a math test so essential?
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It's a prop firm that has al large market making equity derivatives background.

But don't you think making markets in equity derivatives asks for good numerical skills?
 
hi All.

I applied to IMC (International Marketmakers combination) at Amsterdam.
I passed the first round which is the numeracy test.

I would like to have some informations about the second round which , according to the nice lady who called me , is made of 3 tests : verbal, logical, numeracy.

Can someone tell me more about these online tests.

Thank you very much.
 
Quote from Elvaiz:

hi All.

I applied to IMC (International Marketmakers combination) at Amsterdam.
I passed the first round which is the numeracy test.

I would like to have some informations about the second round which , according to the nice lady who called me , is made of 3 tests : verbal, logical, numeracy.

Can someone tell me more about these online tests.

Thank you very much.
More...


How did the second round by IMC-Amsterdam go? Were these tests hard? How were they in comparison to the first numerical test?

I am just about to have the 2. round this week. Would be more than happy to get some feedback.

Thanks
 
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