Deutsche Bank
10+ Lea Associates South Asia Interview Questions and Answers
Q1. Can some work you did at Microsoft be used in DB (I wasn’t at all expecting this but thought and found that an algo I designed could be applied to a problem in the stock market domain)?
Yes, an algorithm I designed at Microsoft can be applied to a problem in the stock market domain.
I designed an algorithm at Microsoft that can be used in the stock market domain
The algorithm can be applied to solve a specific problem in the stock market
The work I did at Microsoft has potential applications in the financial industry
Q2. If an ant had to travel along the walls, what is the minimum distance between the opposite ends of a cuboid?
The minimum distance between opposite ends of a cuboid is the length of the diagonal of the cuboid.
To find the diagonal, use the Pythagorean theorem: diagonal = sqrt(length^2 + width^2 + height^2)
The length, width, and height of the cuboid must be known to calculate the diagonal
The ant can travel along any of the three pairs of opposite walls, so the minimum distance is the shortest diagonal
Example: A cuboid with length = 3, width = 4, and height = 5 has a diagonal of sqrt(3^...read more
Q3. What is a Martingale? What are Markov Processes? Is Martingale a Markov Process? Are Markov Processes Martingales?
Martingale is a betting strategy that doubles the bet after each loss. Markov process is a stochastic process with memorylessness.
Martingale is a betting strategy where the gambler doubles their bet after each loss, with the hope of eventually winning and recouping all previous losses.
Markov process is a stochastic process where the future state depends only on the present state, not on the past.
Martingale is not a Markov process because it depends on the history of the bets ...read more
Q4. Rank the Bonds, CDS and Loans in order of the interest rates they offered?
Ranking of interest rates offered by Bonds, CDS and Loans.
CDS usually offer the highest interest rates due to their higher risk
Bonds offer lower interest rates than CDS but are less risky
Loans typically offer the lowest interest rates as they are secured by collateral
Interest rates can vary depending on the issuer's creditworthiness and market conditions
Q5. Put in +,-,*,/ between the digits 3,3,8,8 (in any order ) such that the result was 24
Using only 3,3,8,8 and +,-,*,/ operators, make 24.
There are multiple ways to solve this puzzle.
One possible solution is: 8 / (3 - 8/3) = 24
Another solution is: (8 * 3) - (8 / 3) = 24
Remember to follow the order of operations (PEMDAS).
Q6. Estimate your quant score. If you add your quant score to the avg finance score would that be highest overall score?
Answering a question about estimating quant score and overall score in finance.
I estimate my quant score to be X based on my preparation and practice.
Adding my quant score to the avg finance score may or may not result in the highest overall score, as it depends on the scores of other candidates.
However, I am confident in my abilities and believe that I can perform well in both areas.
I am open to discussing my preparation strategies and study habits further if needed.
Q7. Why Deutsche Bank over Goldman Sachs or World Quant?
Deutsche Bank offers a unique combination of global reach, diverse expertise, and innovative technology.
Deutsche Bank has a strong global presence with operations in over 60 countries.
The bank has a diverse range of expertise across various sectors including investment banking, corporate banking, and asset management.
Deutsche Bank is committed to innovation and has invested heavily in technology to improve its services and operations.
Goldman Sachs and World Quant may have the...read more
Q8. What is a Brownian motion? Properties of Brownian motion?
Brownian motion is the random movement of particles in a fluid due to collisions with other particles.
Brownian motion was first observed by Robert Brown in 1827.
It is caused by the random motion of fluid molecules.
The motion is characterized by its mean squared displacement over time.
Brownian motion is used to model a wide range of phenomena, from the diffusion of molecules in a cell to the movement of stock prices in financial markets.
Q9. Explain Fiscal Cliff, Euro-Debt Crisis and the Palestine war
Fiscal Cliff is a term used to describe a combination of tax increases and spending cuts. Euro-Debt Crisis refers to the financial crisis faced by some European countries. Palestine war is a conflict between Israel and Palestine.
Fiscal Cliff: Combination of tax increases and spending cuts in the US
Euro-Debt Crisis: Financial crisis faced by some European countries like Greece, Spain, and Portugal
Palestine war: Conflict between Israel and Palestine over land and political cont...read more
Q10. Puzzle - express JEE rank as xy + yx (put y=1, x = rank - 1)
Express JEE rank as xy + yx (put y=1, x = rank - 1)
JEE rank = 1234 can be expressed as 1221 + 2112
Replace x with rank - 1 and y with 1 to get the answer
For example, if rank = 5, then x = 4 and y = 1, so the answer is 4321 + 1234 = 5555
Q11. Why not Tower Research (5 min)?
Tower Research does not align with my career goals and interests.
I am looking for a company that aligns with my values and interests
I have researched Tower Research and do not feel it is the right fit for me
I am seeking a company with a strong focus on innovation and collaboration
Tower Research may be a great fit for others, but it is not the right fit for me
Q12. What is the index value ?
The index value is a numerical representation of the performance of a group of stocks or other assets.
Index value is calculated by taking the weighted average of the prices of the constituent stocks or assets.
It is used to track the overall performance of a particular market or sector.
Examples include the S&P 500, NASDAQ Composite, and Dow Jones Industrial Average.
Changes in the index value can indicate trends in the market or sector.
Investors can use index value to make info...read more
Q13. What is NIFTY ?
NIFTY is the flagship index of the National Stock Exchange (NSE) of India, comprising of 50 large-cap stocks.
NIFTY stands for National Stock Exchange Fifty
It is a market capitalization-weighted index
It represents the performance of the top 50 companies listed on the NSE
It is used as a benchmark for Indian equity market performance
Q14. Puzzle: m2 = n2 + 32294
Solve the puzzle m2 = n2 + 32294
This is a mathematical puzzle
Find the value of m and n
Use algebraic equations to solve the puzzle
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