FactSet Management Trainee Interview Questions and Answers

Round: Curriculum vitae submission
Experience: Only an initial shortlist of around 30 students was done based on CV.
Tips: Mention your academic credentials, math/statistics based work done (if any).

Round: Test
Experience: It consisted of two subjective questions based on probability theory and some common understanding of credit card division (like 'What is score card?'). Students were free to ask any specifics in the questions. One question was solely based on conditional probability and the second one was intuitive with general probability fundamentals.Quantify your results, don't leave them halfway through. State your assumptions clearly.
Tips: Quantify your results, don't leave them halfway through. State your assumptions clearly.
Duration: NA minute
Total Questions: 2

Round: Technical Interview
Experience: 10 students were shortlisted. The interview started with a general overview of the CV and common questions like 'Why American Express?". Then they discussed about my project and internship, why I opted FRM and why I did not apply for higher studies. It concluded with a case study question on credit card division and a puzzle.
Tips: Practice puzzles and case study questions. One must have good communication skills.Have a good understanding of your projects, especially if it is based on statistics/quant/pattern recognition.The people who come for interview know their stuff very well.

General Tips: At one point of time, the interviewer himself was trying to convince me that Iam better suited for the profile offered by Nomura because of my interest in finance. Luckily,I had done some good background study of the company and stated a few facts about thefirm which made them realize that my FRM is also a very good asset for their credit carddivision as it involved credit risk management. It was a very peaceful/friendly interview. Beconfident with your resume and use the hints they give you during the case interview.
Skill Tips: "Practice puzzles and case study questions. One must have good communication skills.Have a good understanding of your projects, especially if it is based on statistics/quant/pattern recognition.The people who come for interview know their stuff very well."
Skills: Probability
College Name: IIT Kharagpur