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Topic Title: JP Morgan Trading Simulation
Created On Tue Nov 30, 04 09:31 AM
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ryno
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Tue Nov 30, 04 09:31 AM
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Has anyone interviewed with JP Morgan for a trading position and gone through the trading simulations/interviews day in London? If so, can you describe any details (software using, sitting @ normal trading desk on trading floor, allow arbitrage opptys, yelling brokers, etc)? What sort of interviews? thanks
 
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Alphabet2004
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Tue Nov 30, 04 03:36 PM
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I did one, about 6 years ago. After a mass maths test and two rounds of interviews, 10 people were invited to a trading simulation + interviews day. We were sent a briefing beforehand, which will be more than enough to prepare you. You sit at a network of terminals playing a game that's basically FX trading - news goes by, you call banks for prices, banks call you and you have to make a market, you can take positions, and so on. It's very quick (much worse than the reality, though memory may be playing tricks on me). Sitting behind you is a trader who will evaluate your performance. After a break, that trader will interview you (while a HR person sits and makes separate notes) and then after another break a senior trader will interview you. They use the breaks to chat about you and come to a decision gradually during the day. By the way, you will be in a room with the other candidates before, between and so on, while a HR person is there to attend to your every need. This is very much a part of the process - your conversation with the others is monitored and you are evaluated on it.

Some points of advice: One, stay calm, even if you get hosed on the game. It's not the case that the most profitable on a fairly unrealistic game are the ones they are going to hire. Two, be polite to everyone. Three, it will have changed a lot in the time since I did it. Four, you are not competing directly against your fellow candidates - all the games are independent (this may have changed, but I would be astonished).

Hope this helps.
 
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ryno
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Tue Nov 30, 04 04:16 PM
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This definitely helps. Thanks for taking the time to reply...truly appreciate it.
 
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ryno
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Tue Nov 30, 04 05:27 PM
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Anyone else performed in trading simulations during interviews?
 
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