Interview preparation
DRW Interview Guide
Last updated: Jun 15th, 2026
DRW is a Chicago-based proprietary trading firm founded in 1992 by Don Wilson, who started out trading Eurodollar options in the pit at the Chicago Mercantile Exchange and named the firm after his initials. Over 30 years later, DRW has grown to roughly 2,000 employees with offices in Amsterdam, Austin, Greenwich, Houston, London, Montreal, New York, Singapore, Tel Aviv and its Chicago headquarters. The firm trades across a wide range of asset classes, including fixed income, options, derivatives, energy, agriculture and cryptoassets (through Cumberland DRW, one of the largest crypto liquidity providers in the world), and is known for combining sophisticated technology, quantitative research and disciplined risk management.
This guide walks you through each stage of the DRW interview process for trading roles, with targeted advice to help you prepare. The most common entry point is the Quantitative Trading Analyst (QTA) role, so this guide focuses on that path, though the structure is broadly similar across DRW's trading positions.
The DRW interview process is built around 3 core stages:
- Quantitative Challenge: A take-home assessment testing your logical and quantitative skills.
- Virtual Interview: A Zoom interview focused on probability and statistics.
- Superday: An in-person final round with a Python coding challenge, a trading simulation and multiple technical interviews.
Before diving in, it is worth spending time on DRW's own materials. The firm's website and Insights blog give a clear picture of how DRW thinks about trading, risk and the QTA role specifically. Reading these will help you speak their language during interviews.

Stage 1: Quantitative Challenge
The process starts with a take-home quantitative challenge that you complete on your own time. DRW describes it as a test of your logical and quantitative skills. In practice candidates report a set of probability, statistics and logic style questions, and some report a short programming element depending on the role and office. Time limits vary, but the challenge is generally designed to be comfortably completable within the allotted window if your fundamentals are sharp.
Preparation Tips:
- Probability and statistics: This is the backbone of the assessment. Make sure you are fluent in expected value, conditional probability, combinatorics, distributions and basic statistical reasoning. Practice solving these quickly and accurately using our interview question database.
- Mental math: Speed and accuracy with numbers matter throughout the DRW process. Keep your arithmetic sharp with consistent practice on our mental math trainer.
- Don't rush, don't stall: Several candidates note that the challenge can be solved faster than expected. Use any spare time to sanity-check your answers rather than second-guessing yourself into mistakes.
Stage 2: Virtual Interview
Candidates who pass the quantitative challenge are invited to a Zoom interview, typically lasting around 45 minutes. This stage is focused on testing your probability and statistics knowledge in a live setting, often with a trader or quantitative trading analyst. Expect to talk through your reasoning out loud rather than just stating answers. Some candidates also report a more informal HR or recruiter call around this stage, and questions about recent market news.
Preparation Tips:
- Think out loud: Interviewers are assessing how you reason under pressure, not just whether you land the right number. Walk through your logic clearly and structure your thinking.
- Probability fundamentals: Drill the core concepts again. Classic brainteasers and probability puzzles are what to focus on here.
- Know the markets: Be ready to discuss what is happening in financial markets and have a point of view. DRW values genuine curiosity about markets, so following the news and forming opinions matters.
- Set up properly: Be in a quiet place, alone, with a stable connection. Have a few thoughtful questions prepared for the interviewer at the end.
Stage 3: Superday
The final stage is an in-person Superday, usually held at a DRW office. This is the most intensive part of the process and typically includes a quantitative coding challenge in Python, a trading simulation, and multiple back-to-back technical interviews with traders from different teams. DRW often has you meet with the teams that are interested in you, so the exact number and nature of interviews can vary between candidates. Alongside the technical assessments, there are more casual conversations designed to gauge fit, teamwork and how you would work on a desk.
Preparation Tips:
- Python coding: Be comfortable writing clean Python under time pressure. DRW uses Python heavily, so get familiar with data manipulation libraries like pandas, numpy and scipy. Practicing data science problems is a good way to build this fluency.
- Trading simulation and market making: Expect game-style exercises that test how you price, take and manage risk in real time. These often start from a brainteaser and rotate into a market-making game around the answer. Practice with our market making games and read our Make me a Market guide. Note that pen and paper is often not allowed, so practice doing this in your head.
- Card and dice games: Several candidates mention simple card games where you have to work out the optimal strategy quickly, drawing on game theory and expected value. Our card game is good preparation for this.
- Fermi questions: Estimation questions under timed conditions come up at DRW. Practice breaking large estimation problems into structured steps with our Fermi Question tool.
- Behavioral and fit: Expect to explain why DRW, why trading, and why now. Be ready to talk about teamwork and collaboration, since DRW places real weight on how you work with others on a desk. Review the behavioral questions in our database.
- Treat everyone as a future colleague: DRW's own advice is that everyone you meet on the day could be a future teammate, so engage genuinely with each person you talk to.
Closing Remarks
DRW looks for a specific set of qualities: genuine curiosity, strong quantitative and probability skills, programming ability, a real passion for markets, the temperament to take and manage risk, and the communication skills to thrive on a collaborative trading desk. The interview process is designed to test all of these, escalating from a take-home challenge through a live probability interview to a demanding in-person Superday.
The most common pitfall is treating DRW like a pure math test. The quantitative bar is high, but candidates who stand out also demonstrate market awareness, sound risk-taking instincts and the ability to communicate their reasoning clearly under pressure. The trading simulations and market-making games at the Superday reward exactly this combination, so do not neglect them in favor of grinding probability questions alone.
As with any top-tier proprietary trading firm, these roles are extremely competitive and serious preparation makes a real difference. Work consistently across mental math, probability, market-making and behavioral questions, develop a genuine view on the markets, and approach each stage as a chance to show how you think rather than just what you know. Whatever the outcome, the DRW process is a valuable test of the skills that matter most in trading.
Brainteasers
A selection of questions as seen by our community in interviews at DRW.