one or two telephone interview -- brainteasers, probability, statistics, quantitative questions, and about your dissertation; if successful, then four to five 45-50 minutes face-to-face interviews. Technical questions on applied maths, particularly probability, stochastic process, stochastic calculus, numerical analysis, etc. As you can expect, it will be on the maths that is used in pricing/hedging derivatives.

I interviewed for the position of Quantitative Research Associate for three different desks at JPM. The HR/recruiting teams for each of these groups did not communicate well with themselves internally. In total I had 6 interviews with the wholesale credit team, 2 with their RAAS group, and 1 with their rates desk. Eventually, I received an offer from their wholesale credit team for what I believed was a below market offer. When I attempted to negotiate, they came back saying this was the most they can do, and I walked away.