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      SMB Capital

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      Portfolio Manager Training Program Interview

      Jul 20, 2011
      Anonymous Interview Candidate
      New York, NY
      Declined offer
      Negative experience
      Easy interview

      Application

      I applied online. The process took 3 weeks. I interviewed at SMB Capital (New York, NY) in Mar 2011

      Interview

      Applied online, got an email a few days later asking for a 1st round phone interview. Simple questions - "why do you want to be a trader", "what's been going on with the markets", "tell me the last trade you made". Couple resume questions. No math, probability, or brainteasers. 2nd round phone interview was with the co-founder. Also very easy. Asked some of the same questions as the 1st round. No quantitative/brainteaser questions. 3rd round was in-person in NYC. I was coming from California, requested a plane ticket and they denied the request. Decided to delay my interview by 2 weeks when I would be on the east coast and they didn't seem happy about that. Got to the office, asked for a bottled water and was told they don't have any. Waited for 20 minutes past my appointment time, was shown to the office of the other co-founder and he says "so, let's not waste any time. tell me what I can do for you." By this point I was pretty disgusted with what I saw so I pretended not to have my resume with me, which is obviously a huge blunder. Received an offer via e-mail 5 days later - asking me to pay them several thousand dollars!

      Interview questions [3]

      Question 1

      What's going on with the markets?
      Answer question

      Question 2

      Walk me through the last trade you made.
      Answer question

      Question 3

      Which major technology company had the big earnings miss last week?
      1 Answer
      6