I applied online. The process took 2 weeks. I interviewed at WorldQuant
Interview
The first round is a multiple choice, doing on their website. Mostly, the question topic is probability, statistic, algorithm, and mathematics. The next 2-3 rounds are phone interview. They will ask a brain teaser question about how to write algorithm, and some mathematics question.
Interview questions [1]
Question 1
Given 7 coins with 1 counterfeit coin that is lighter or heavier. How do you find the counterfeit coin and is it lighter or heavier, using balance weight in 3 times
I applied through a recruiter. I interviewed at WorldQuant in Aug 2014
Interview
five interview with different levels: through online test, with local employees, with senior employees at headquarter, personality test, background check and compliance test. Very fast and accurate. I highly appreciate the support from HR team
I applied online. The process took 2 days. I interviewed at WorldQuant in Apr 2011
Interview
Group skills test, then double 1:1 phone interview. Interviewes was an entry/middle level researchers.
Both test and interview were about school-level math only, but at olympiad level.
That is, in order to prepare don't study anything, it is enought (and necessary) to sleep up a night before. No finance knowledge was required, simple math only.