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J.P. Morgan

Sell-side · Investment bank, Quantitative Research · New York City

One of the more math-rigorous sell-side interviews, master Itô's lemma and the Black-Scholes derivation cold, plus C++.

Difficulty: ●●●●Recruits in India

JPMorgan's Quantitative Research (QR) is a distinct, math-heavy central function developing derivatives-pricing and model-validation models across asset classes.

For QR specifically, expect to derive rather than recite, stochastic calculus is central.

Roles they hire

Quant Researcher · Model Validation · Risk Quant · Quant Developer

Interview processas publicly reported

  1. 1

    Online assessment

    HackerRank-style: math, probability/counting, DS&A MCQs, and coding.

  2. 2

    Recruiter + technical screen

    Background/behavioral, then a Zoom round with live coding.

  3. 3

    Technical rounds

    ~5–7 interviews at later stages mixing technical, project, and behavioral; process ~3–4 weeks. India campus route reported as ~4 rounds including an online test.

What they test

Prep tips

  • Master Itô's lemma and the Black-Scholes derivation cold, expect to derive, not recite.
  • Be strong in C++ as well as Python; practice probability and counting.

India recruiting

Major India footprint (Mumbai, Bengaluru, Hyderabad); Mumbai is a key hub. Quant/QR and model-risk roles exist in India, recruiting from the IITs and top quant-finance programs.

Sources

Interview processes change and vary by role, office, and year. This guide reflects publicly reported experiences and is not affiliated with J.P. Morgan.