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Reply to "How is every last kid going into Investment Banking?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My kid is surrounded by others who want to go into quant. His friends have $80k summer internship offers and he is at a top state school. Most of these job interviews need a deep understanding of math so [b]he is studying 10+ hours a day for these interviews[/b]. I am curious to see where he lands. His cousin at Oxford and other one in India are all aiming for the same positions with quant funds across the globe. [/quote] This is all very new to our family. Can you please link to an example of something he's studying? I'm having trouble imagining what would require 10+ hours a day for a college internship. (For context, I do understand what that type of studying looks like for the Bar Exam and med boards. But not for an internship interview.)[/quote] It is a lot of math problems but since the competition is kids who have done competition math he had a lot to cover. The interview is purely problem solving. You can look up interview questions for Jane Street or SIG to get a sense. [/quote]
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