Optiver

Discussion in 'Prop Firms' started by IUgrad05, Apr 7, 2006.

  1. fogut

    fogut

    Is this in Chicago office ? I thought they were done hiring for the year.
     
    #121     Mar 12, 2010
  2. doculik

    doculik

    Nope, this is the Amsterdam office. Spoke to the recruiting lady recently, told me they're running these tests weekly in Amsterdam, monthly in London and every two months in Paris.
    All positions are for Amsterdam, though.
    Other items I forgot to mention are that wrong answers and skipped questions cost 2 points, unanswered questions don't count (if you only got to 60, the last 20 questions are taken into account, i.e. points are not deducted).
    The threshold was 54.
    You can definitely train for this test in a couple of weeks, just have to train on the right questions, though.
     
    #122     Mar 12, 2010
  3. fogut

    fogut

    Do you know if the Amsterdam site hire people from USA ?
    My hunch is they probably don't because of the relocation costs and interview costs for transfering employee.
     
    #123     Mar 12, 2010
  4. doculik

    doculik

    I don't think either, mainly because you'd have to come to Europe to take that 8 minutes test, which may be costly.
    It's worth giving them a call though, it can't hurt to ask.
     
    #124     Mar 12, 2010
  5. fwstides

    fwstides

    thanks - did the instruction say crossing or circling the answer? where did you do the rough calculation work?
     
    #125     Mar 15, 2010
  6. curtains

    curtains

    rough calculation is done in your head. Its 6 seconds per question.
     
    #126     Mar 16, 2010
  7. doculik

    doculik

    Ah yes, the answers.

    So, on the answer sheet, you cross your first attemp, you cross and circle your second attempt or you write directly the answer for the third attempt.
    For instance, the question is 1 + ... = 8
    with answers:
    A) 35/5
    B) 270/30
    C) 21/4
    D) 16/3

    Let's assume you're not focusing enough and you cross out answer C). You suddenly realize the mistake, then you cross and circle B). Finally, you realize it's not correct and then you simply write 7 on the answer sheet.

    Regarding the second question you had, you're provided with a third piece of paper on which you can write down some computations, but I strongly suggest not using it, because simply you can't afford it time-wise.

    The set-up is like this:
    1. on your desk you have three things: a question booklet, an answer sheet and some pieces of scrap paper
    2. you go through each question, compute the answer, match it to the proposed variants, search the correct question on the answer sheet and check the right answer.
    3. if you had an extra step of scribbling on a piece of paper, you can kiss those 54 question threshold goodbye.
    4. my guess is that even if you instantly knew the correct answer to all the questions, you would barely have enough time to answer all 80 questions (identifying the right answer is a bitch sometimes. sometimes is very straightforward).

    What the recruiting lady told us is that you should aim for 60 questions (that's 8 secs/question) and get none (or 1-2 max) wrong.
     
    #127     Mar 16, 2010
  8. fwstides

    fwstides

    thanks mate, any dress code? or just smart casual will be perfectly alright?
     
    #128     Mar 17, 2010
  9. doculik

    doculik

    No worries. Business casual will do, like jeans + shirt + shoes. The dress code should be the least of your worries, especially for now.
    You can be making money butt naked, for all they care. Just don't over do it.
     
    #129     Mar 17, 2010
  10. There are plenty of dutch ladies that already do that! hahaha.
     
    #130     Mar 18, 2010