I applied through university. The process took 2 months. I interviewed at Optiver (Sydney) in Mar 2014
Interview
1st round, on campus, math test - 8 mins 80 questions , negative marks for skipped questions and wrong answers. 55 marks to stay
2nd round, on campus, sequence test - 30 mins 26 questions, negative marks for wrong answers, no deduction for skipped questions. Questions are a lot harder than the 1st round. but plenty of time to work through each questions thoroughly and carefully.
3rd round, phone interview. with HR - the usual stuff as most phone interviews. went through CV transcript past work experience.
4th round, 1hr tech and behavioural interview session in optiver office -- haven't done it yet.
last round. another interview, but sure about the details.
Interview questions [1]
Question 1
so far, pretty standard.. the test is not hard, but need to be accurate.
spent about 1.5 months pretty much purely dedicated to preparing for interviews for all the pre-penultimate programs (Optiver, IMC, JS, SIG, Citadel, etc). I used these resources:
Green book (Really good starter but I got bored of it after a few weeks)
EverythingQuant (Went through literally every single interview prep question, went through the interview guides, and completed the probability course just to make sure I covered all bases)
Briefly read through this guide
Watched coding Jesus in my spare time (not sure if this helped directly lmao but he’s a great creator and very informative)
Mental math test, beat the odds, online puzzle like games etc online, brain teasers during physical interview and a behavioral interview where they want to assess how competitive and assertive you are.
OA was weird and hard. there was only three sections (i think) this year compared to 5 last year. questions are weird and I don't know how they can judge your ability base on that.