I applied through college or university. I interviewed at Deutsche Bank (New York, NY) in Oct 2025
Interview
First Round is on site OA, where we completed several questions about stochastic calculus, Probability, Normal Distribution within 2 hours.
The Second Round is a online tech interview with a team member, mainly on resume questions and programming knowledge and derivatives
Interview questions [1]
Question 1
If we have a delta neutral strategy and when the stock price is down, do we need to buy of sell stocks to maintain delta neutral?
Entry level interview.
5 rounds of interview + HR interview. Interviewers were nice and gave hints when stuck.
Mainly focused on probability, statistics, coding and a little bit of finance
doing mathematical problems set, including 12 problems, mainly about stochastic calculus and option pricing, swap\rate are also concluded. To be more detailed, local volatility like smile skew and American Option will be a challenge.