Quantitative Finance

1. You need to price an option whose payoff depends on the average price of an asset over time. How do you go about it?

2. How comfortable are you with stochastic calculus, probability theory and statistics?

3. A trading strategy shows spectacular returns on historical data. What’s your first reaction?

4. How do you feel about programming as part of your work?

5. A risk manager asks how much the portfolio could lose on a really bad day. How do you answer?

6. Lectures, research papers and group projects are in English, and your classmates come from many countries with backgrounds in maths, economics or engineering. How do you see that?

7. Your pricing model breaks down during a sudden market crash. What do you do?

8. How would you feel about writing a thesis on, say, machine learning for volatility forecasting?

9. You have to explain a complex derivative to a client with no mathematical background. How do you do it?

10. What motivates you most to pursue a Master’s degree in Quantitative Finance?