Practice tests in the real formats
Every online assessment we mirror, by firm: the same number of questions, the same clock and the same scoring. Questions are our own.
Tests by firm
Trading
Optiver online tests
Optiver interview process- Optiver 80-in-8Free80 arithmetic questions, 8 minutes, four options each. +1 right, −1 wrong. The famous one.
- Optiver probability testBeat-the-Odds style: probability and expected value, multiple choice on a per-question clock. Skip when unsure: wrong answers cost.
- Optiver sequences testNumberLogic style: spot the pattern and pick the next term at the real pace.
- Optiver likelihood testLikelihood-list style: which event is most or least likely? Exact probabilities in the review.
- Optiver interval estimationIntervals style: pick the tightest range that still contains the true value. Being wide is safe but scores less in the real test.
- Optiver order-book testOrderbooks style: find the trades that lock in a riskless profit, cross-exchange, ETF baskets and put-call parity.
Flow Traders online tests
Flow Traders interview processAll Options online tests
All Options interview processMaven Securities online tests
Maven Securities interview processAkuna Capital online tests
Akuna Capital interview processDa Vinci Trading online tests
Da Vinci Trading interview processSusquehanna (SIG) online tests
Susquehanna (SIG) interview processCitadel Securities online tests
Citadel Securities interview processMako Trading online tests
Mako Trading interview processDRW online tests
DRW interview processChicago Trading Company online tests
Chicago Trading Company interview processIMC Trading online tests
IMC Trading interview processConsulting
McKinsey & Company online tests
McKinsey & Company interview processBCG online tests
BCG interview processTrading: trainers and mock tests
Mock interviews
- Mock: phone screenA motivation question, ten quick mental-maths questions and five probability questions in 20 minutes.
- Mock: market-making roundEight market-making and EV problems plus four probability questions in 25 minutes. Pair with the market-making game.
- Mock: brainteaser roundSix classic brainteasers and four probability questions in 30 minutes.
- Mock: final roundMental maths, probability, brainteasers, markets and two behavioural questions in 50 minutes.
Mocks
- Trading superday mockA full final-round rehearsal in 40 minutes: mental maths, probability, changing odds, market making mechanics, desk decisions and brainteasers.
- Trading online assessment mockThe first-round screen in 25 minutes: fast arithmetic, number sequences and probability, back to back.
- Ten-minute warm-upA short daily mix to start a session: 12 arithmetic, 3 probability, 3 changing odds and 4 market making questions.
Trainers
- Mental math trainer80 questions in 8 minutes, typed answers. Infinite, seeded, scaled.
- Mental math sprint (2 min)20 questions, 2 minutes. For the bus.
- Mental math: expert level60 questions in 6 minutes with decimals, fractions and larger numbers. Typed answers, no skipping.
- Mental math, hardDecimals, percentages, squares and roots. 40 in 6 minutes.
- Sequences marathon40 number sequences in 20 minutes at a harder level, for building stamina before a sequences test.
- Probability: hard set20 harder probability and expected-value questions in 20 minutes, typed answers.
- Sequences trainer20 sequences, 10 minutes.
- Sequences, hardInterleaved, affine and digit rules. 15 in 12 minutes.
- Fractions ↔ decimals40 conversions in 3 minutes.
- Probability & EV trainer12 problems, 15 minutes. Fractions or decimals accepted.
- Changing odds: expected valueA contract, then news: a chance moves, an outcome is ruled out, a new one appears or a payoff changes. 12 updates in 12 minutes.
- Fermi estimation8 estimates, 10 minutes. Within a factor of 3 counts.
- Market making & bettingDice markets, ETF arb, event contracts, Kelly. 15 questions, 10 minutes.
- Market making game drillsMine and Yours, running position, limits, P&L counting and fair value after news. 16 questions, 10 minutes.
- ETF market makingNAV, quoting, inventory skew and creation/redemption P&L. 15 questions, 10 minutes.
- Options market makingPut-call parity, payoffs, straddles, delta hedging and vol moves. 15 questions, 12 minutes.
- Futures & basisFair value with carry, basis, cash-and-carry arbitrage, futures P&L. 15 questions, 10 minutes.
- Prediction marketsImplied probability, YES/NO arbitrage, EV and overround. 15 questions, 8 minutes.
Cognitive games
Brainteasers
- Brainteasers: cards & coins10 classic card and coin puzzles, 20 minutes.
- Brainteasers: reasoning10 logic puzzles, 25 minutes.
- Brainteasers: top 50The questions traders keep asking. 10 at a time, 25 minutes.
- Brainteasers: probability & stats10 probability puzzles, 25 minutes.
- Dice and games: expected value12 expected-value questions on dice, coins and stopping games in 15 minutes, the kind asked in trader interviews.
- Markets and options intuition12 questions on fair value, spreads, put-call parity, delta and Kelly sizing in 15 minutes.
- Options theory and Greeks15 questions on payoffs, put-call parity, delta, gamma, vega, theta and volatility in 15 minutes.
- Statistics for trading interviews15 questions on variance, regression, hypothesis tests, Sharpe ratios and backtest bias in 15 minutes.
- Desk decisions: role play10 situations from the role-play round: errors, outages, clients and limits. Put numbers on the options and decide. 12 minutes.
Consulting: trainers and mock tests
Drills
- Consulting samplerFreeA sizing question, 5 case-math questions and a structure prompt. 15 minutes.
- Case math trainer20 questions in 6 minutes. Growth, break-even, margins, sizing arithmetic. No calculator.
- Case math: hard25 harder case calculations in 10 minutes: compound growth, break-even, margins and sizing with awkward numbers.
- Market sizing drill4 sizing questions, 16 minutes. Structure first, numbers second. AI-graded.
- Estimation sprint8 quick estimates in 10 minutes. Within a factor of 3 counts. Good warm-up for market sizing.
- Structure / framework drill5 case prompts, 3 minutes each: write a MECE structure. AI-graded.
- Chart & exhibit reading10 exhibit questions, 15 minutes. Read, compute, conclude.
- Numerical reasoning on exhibits15 calculations on sales, product, operations and store data in 18 minutes, like the numerical tests firms use before interviews.
- Brainstorming & synthesis6 prompts, 15 minutes. AI-graded on breadth, MECE and 'so what'.
Mock interviews
- Mock: recruiter screenCV, motivation and one behavioural question in 15 minutes.
- Mock: first round (interviewer-led)A personal-impact story, then a full interviewer-led case with exhibits and maths. 45 minutes.
- Mock: first round (candidate-led)Two fit questions and a full candidate-led case. 45 minutes.
- Mock: final roundA leadership story and a stretch case. 60 minutes.
Full cases
- Nordic grocery chain: falling profitsFull case with exhibits, 35 minutes, AI-graded step by step.
- Low-cost airline: enter Lisbon?Full case with exhibits, 35 minutes, AI-graded step by step.
- Medtech: pricing a new glucose monitorFull case with exhibits, 30 minutes, AI-graded step by step.
- Specialty chemicals: acquire a competitor?Full case with exhibits, 35 minutes, AI-graded step by step.
- Neobank: where to grow nextFull case with exhibits, 30 minutes, AI-graded step by step.
- Auto supplier: plant productivityFull case with exhibits, 30 minutes, AI-graded step by step.
- B2B SaaS: launch an AI add-on?Full case with exhibits, 30 minutes, AI-graded step by step.
- Private hospital group: losing moneyFull case with exhibits, 35 minutes, AI-graded step by step.
- PE due diligence: broadband operatorFull case with exhibits, 35 minutes, AI-graded step by step.
- Oat milk brand: enter GermanyFull case with exhibits, 30 minutes, AI-graded step by step.
- Fuel retailer: public EV chargingFull case with exhibits, 30 minutes, AI-graded step by step.
- Streaming service: raise the price?Full case with exhibits, 30 minutes, AI-graded step by step.
- Insurer: call-centre staffingFull case with exhibits, 30 minutes, AI-graded step by step.
- Fashion retailer: margin and stockFull case with exhibits, 35 minutes, AI-graded step by step.
- Regional bank: buy an SME-lending fintech?Full case with exhibits, 35 minutes, AI-graded step by step.
- Health authority: clear the surgery backlogFull case with exhibits, 35 minutes, AI-graded step by step.
- Coffee chain: which country next?Full case with exhibits, 30 minutes, AI-graded step by step.
- Hotel chain: revenue under pressureFull case with exhibits, 30 minutes, AI-graded step by step.
- Utility: launch heat-pump installation?Full case with exhibits, 30 minutes, AI-graded step by step.
- PE: buy a dental chain?Full case with exhibits, 35 minutes, AI-graded step by step.
- Football club: expand the stadium?Full case with exhibits, 30 minutes, AI-graded step by step.
- Airline: a low-cost rival entersFull case with exhibits, 30 minutes, AI-graded step by step.
- Heritage gin brand: squeezed from both sidesFull case with exhibits, 30 minutes, AI-graded step by step.
- Mining group: invest in a copper mine?Full case with exhibits, 30 minutes, AI-graded step by step.
- Mobile operator: is a retention programme worth it?Full case with exhibits, 25 minutes, AI-graded step by step.
- Investor: buy a 220-room city hotel?Full case with exhibits, 25 minutes, AI-graded step by step.
- Coffee bar chain: when does a new site pay?Full case with exhibits, 20 minutes, AI-graded step by step.
- School transport operator: improve marginsFull case with exhibits, 25 minutes, AI-graded step by step.
- Confectionery maker: add a production line?Full case with exhibits, 25 minutes, AI-graded step by step.
- Games studio: will the new title break even?Full case with exhibits, 20 minutes, AI-graded step by step.
- Fuel retailer: roll out fast chargers?Full case with exhibits, 30 minutes, AI-graded step by step.
- Low-cost airline: charge for cabin bags?Full case with exhibits, 25 minutes, AI-graded step by step.
- Hospital: clearing the surgery waiting listFull case with exhibits, 30 minutes, AI-graded step by step.
- Software company: move to tiered pricing?Full case with exhibits, 30 minutes, AI-graded step by step.
- Pharma: defending a drug after patent expiryFull case with exhibits, 30 minutes, AI-graded step by step.
- Gym chain: launch an annual membership?Full case with exhibits, 25 minutes, AI-graded step by step.
- Grocery delivery app: launch in Spain?Full case with exhibits, 30 minutes, AI-graded step by step.
- Retail bank: a rival makes accounts freeFull case with exhibits, 30 minutes, AI-graded step by step.
- Private equity: buy a chain of vet clinics?Full case with exhibits, 35 minutes, AI-graded step by step.
- Packaging maker: double the marginFull case with exhibits, 30 minutes, AI-graded step by step.
- City ambulance service: reach patients fasterFull case with exhibits, 30 minutes, AI-graded step by step.
- Food bank network: reach twice as many peopleFull case with exhibits, 25 minutes, AI-graded step by step.
- Motor insurer: let software settle claims?Full case with exhibits, 30 minutes, AI-graded step by step.
- Cement producer: invest in carbon capture?Full case with exhibits, 35 minutes, AI-graded step by step.
- Pet insurance: how big is the UK market?Full case with exhibits, 20 minutes, AI-graded step by step.
- Department store chain: stop the lossesFull case with exhibits, 35 minutes, AI-graded step by step.
Investment Banking & Private Equity: trainers and mock tests
Fit
- Fit questions sampler8 fit questions across the guide's map, 20 minutes, AI-graded.
- Discussing your deals6 questions on walking through transaction experience, 15 minutes.
- Fit deep dive12 fit questions from every subsection, 30 minutes.
- Fit · Easy8 core fit questions (why banking, your story, strengths), 15 minutes.
- Fit · Hard8 harder fit and curveball questions, 20 minutes.
Mock interviews
- Mock: video screenFour motivation and story questions, answered in writing on a timer like a recorded video interview. AI-graded.
- Mock: first roundCV, motivation and five basic technicals in 25 minutes, the way a first-round call runs.
- Mock: superday technicalEight escalating technicals, two quick-maths questions and a brain teaser in 35 minutes.
- Mock: superday fitFive deeper fit questions and two deal-discussion questions in 30 minutes.
- Mock: private equity interviewLBO concepts, paper-LBO maths and deal judgement in 40 minutes.
Technical
- Technical basicsFree20 basic technicals across accounting, EV/equity value, valuation and DCF. 30 minutes.
- Deal maths sprint20 quick calculations on returns, merger maths, enterprise value, DCF and accounting in 15 minutes. No calculator.
- Technical advanced15 advanced technicals: the ones that separate superday from offer. 30 minutes.
- IB Technicals Fire DrillEV bridges, multiples, terminal values, MOIC→IRR. 20 numeric questions, 10 minutes.
Simulations
Topic drills
- Accounting · Medium12 accounting questions, basic and advanced. 20 minutes.
- EV & equity value · Medium10 questions on the bridge, 15 minutes.
- Valuation · Medium12 valuation questions, 20 minutes.
- DCF · Medium12 DCF questions, 20 minutes.
- Merger model · Medium10 M&A model questions, 20 minutes.
- LBO · Medium10 LBO questions, 20 minutes.
- Restructuring · Medium10 questions, 20 minutes. For Evercore, PJT, Houlihan, Lazard.
- Accounting · Easy10 basic accounting questions in 15 minutes. Three statements, D&A, working capital, deferred tax.
- Accounting · Hard10 advanced accounting questions in 20 minutes: the ones that separate offers from rejections.
- EV & equity value · Easy10 basic ev & equity value questions in 15 minutes. The bridge, diluted shares, minorities, leases.
- EV & equity value · Hard10 advanced ev & equity value questions in 20 minutes: the ones that separate offers from rejections.
- Valuation · Easy10 basic valuation questions in 15 minutes. Comps, precedents, ranges and which multiple when.
- Valuation · Hard10 advanced valuation questions in 20 minutes: the ones that separate offers from rejections.
- DCF · Easy10 basic dcf questions in 15 minutes. Unlevered FCF, WACC, terminal value, sensitivities.
- DCF · Hard10 advanced dcf questions in 20 minutes: the ones that separate offers from rejections.
- Merger model · Easy10 basic merger model questions in 15 minutes. Accretion / dilution, funding mix, synergies.
- Merger model · Hard10 advanced merger model questions in 20 minutes: the ones that separate offers from rejections.
- LBO · Easy10 basic lbo questions in 15 minutes. Sources & uses, debt schedule, returns maths.
- LBO · Hard10 advanced lbo questions in 20 minutes: the ones that separate offers from rejections.
- Restructuring · Easy10 basic restructuring questions in 15 minutes. Priority, fulcrum, recoveries, 363 and exchanges.
- Restructuring · Hard10 advanced restructuring questions in 20 minutes: the ones that separate offers from rejections.
Mixed
- Mixed technicals · Easy15 basic questions across every technical topic, 20 minutes.
- Mixed technicals · Medium20 questions across every technical topic at both levels, 30 minutes.
- Mixed technicals · Hard15 advanced questions across every technical topic, 30 minutes.
- Mixed: fit and technicals6 fit, 2 deal and 12 technical questions across every topic, 40 minutes.