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Sam Oshay's avatar

Great article! I remember finance/hedge fund recruiting from college. Looking back, it is absurd for buy-side companies (whose entire business is to develop conviction of unconstrained markets/businesses) to ask hyper-constrained coin-flipping probability riddles as a filter.

One time when I got a coin-flipping question, I told the recruiter that there was precisely zero signal in the question, and I then offered up a few alternates that he could use for other candidates. (Happily, I did not get the offer!)

Rory's avatar

From talking to various folk about this, it has become clear to me that multiple interview setups is probably ideal. Personally I find the four 1-hour bits significantly luck-based, even if designed well. Lots of noise. Though I did read a book a long ago that I remember had a pretty good plan for reducing that noise (Hire with Your Head). I am finding myself more fond of the project-based setups, though I know some people personally who absolutely can not do a "homework assignment", which is fair enough. There's a venn diagram at play between what the interview is measuring and how good the candidate is, and different interview setups will intersect with "quality of candidate" in different ways.

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