Quant Analyst Interview Questions

2,952 quant analyst interview questions shared by candidates

1. "There are two balls in a bag (either black or white). If you draw a white ball, put it back, draw again and it's still a white ball, put it back, what is the probability of drawing a white ball the next time?" 2. "There are 52 playing cards, 26 of which are red and 26 are black. If you draw cards randomly without replacement, gaining +1 for a red card and -1 for a black card, when should you stop to maximize your earnings?"
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Quant Trader Intern

Interviewed at Jane Street

4.4
Dec 18, 2023

1. "There are two balls in a bag (either black or white). If you draw a white ball, put it back, draw again and it's still a white ball, put it back, what is the probability of drawing a white ball the next time?" 2. "There are 52 playing cards, 26 of which are red and 26 are black. If you draw cards randomly without replacement, gaining +1 for a red card and -1 for a black card, when should you stop to maximize your earnings?"

You are playing a one-player game with two opaque boxes. At each turn, you can choose to either "place" or "take". "Place" places $ 1 $1 from a third party into one box randomly. "Take" empties out one box randomly and that money is yours. This game consists of 100 100 turns where you must either place or take. Assuming optimal play, what is the expected payoff of this game? Note that you do not know how much money you have taken until the end of the game.
avatar

Quant Trader

Interviewed at Jane Street

4.4
Aug 4, 2025

You are playing a one-player game with two opaque boxes. At each turn, you can choose to either "place" or "take". "Place" places $ 1 $1 from a third party into one box randomly. "Take" empties out one box randomly and that money is yours. This game consists of 100 100 turns where you must either place or take. Assuming optimal play, what is the expected payoff of this game? Note that you do not know how much money you have taken until the end of the game.

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