Be aware of the policy on relatives working for the organization. This can affect your answer even though they asked about friends not relatives. Be careful to mention a friend only if they are well thought of. ...... More »
A loaded question. A nasty little game that you will probably lose if you answer first. So, do not answer it. Instead, say something like, That's a tough question. Can you tell me the range for this position? In most cases, ...... More »
You are, of course, a team player. Be sure to have examples ready. Specifics that show you often perform for the good of the team rather than for yourself are good evidence of your team attitude. Do not brag, just say it in a ma...... More »
The most often asked question in interviews. You need to have a short statement prepared in your mind. Be careful that it does not sound rehearsed. Limit it to work-related items unless instructed otherwise. Talk about things yo...... More »
Implied volatility is a parameter used to back out option price by substitting the volatility parameter in the standard Black Scholes model. While local volatility actually governs the dynamics of how the stock price will evolve. Hence if an ex...... More »
Vasicek model is an equilibrium model , meaning that it produces an endogeneous term structure. Current term structure of interest rates is an output of this model. while Extended Vasicek or Hull white model is a no-arbitrage model, meaning th...... More »
This is a method of translating calendar time into years for the purpose of determining applicable cashflow using interest rate quoted on per annum basis. For example, what should be the cashflow between the dates Jan 20,2008 to Mar 20,2008 if ...... More »
In case of a difference stationary process, the no. of times the differencing operation is carried out to achieve stationarity is called the integration order of the process. It is also said that the process has d unit roots.
