Tibra Capital

No. But great company. I may be wrong, but I think it's Australian. Like you said, no suits, apparently free food/bottomless fridge, snooker table, etc. There must be a catch somewhere (I'm thinking long hours) but the impression I get is that it's a great growing small firm. Not sure how the credit crunch will affect things for them.

I expect the maths test will be tough. They want super super sharp people and I expect their test will reflect this. I'm thinking equal standard at least to the KPMG tests - harder than the WikiJob tests. Is it a logical reasoning test or a verbal reasoning test or diagrammatic?

Have you made an application and got through to the test phase?

There's some info at - Tibra.

Ed,

I sent my CV off on Sunday, got a reply about an hour ago inviting me to a test. I'm expecting it to be tough, but there's no calculator allowed so I'm assuming it's not calculus etc? Could be wrong.

It's a 2 hour session consisting of a 30 minute Maths test and hour long logical reasoning. I'll keep this thread updated throughout the process.

P.s the 3M review is coming up, I've been busy with MSc work but will get a profile to you at some point!

Whenever you have a chance is fine - concentrate on your MSc by all means!

I think we have a page on logical reasoning which you may find useful. However, a point of note, many companies use the term "logical reasoning" to describe what can technically be verbal reasoning, logical reasoning, abstract reasoning or diagrammatic reasoning. Are you sure about the type of question you'll be sitting? If not I'd email/call HR to double check on exactly what type of questions you'll be getting, just so you are as primed as possible when you come to sitting the test.

I applied after reading this thread today, and I got virtually an instant reply for the test. I'm a bit unsure what they mean by logical reasoning myself. If anyone does find out, I'd be grateful if they would tell me!

PS: Reg, which one have you registered for?

Its 69 questions.. you have to get about 50% to pass. 2 parts, first being math - questions on probability, statistics, long multiplication, long division etc. 2nd half is logic - next shape in the sequence type questions.

 They have about 50 people a week take the test.. 1/30 pass on average to go on to interview. 

I did the tests in London for Tibra in June. All i can say is they were very tough.
Especially logical questions with dominos and match sticks etc....
For the maths, you have to also be lightning fast with know long multiplication and division in decimals!
Like 5764.4/27.31.
Questions are like if i buy 354 shares at $57.56, they then depreciate by 23.4%, i sell 59 of them, they then appreciate by 5.6% and i buy 50 back. Whats my net profit or loss? But you only have one minute per question and no calcualtor!

Sounds like torture :D

HI jc888

Just wanted to get some more information regarding the test1!!!In terms of logical questions....like u mentioned match sticks and dominos....can you tell me a little more...like any other specific types for example next in sequence etc.......I have my tests coming up on monday!!!

In terms of the maths test....are there probability and statistics questions also??

Thanks
cyco1983

jc888, is it paper test? If it is how do they time the one minute for each question?

I hope we are all talking about the same test.
Mine was for tibra trading role and was a paper test in london in June.
Dont know if this is same process now. anyway...
No multiple choice, write your answers.
Number of questions and time equated to about a min.
However you dont have to do all the questions as some are too hard, take too long. Just select easiest ones. They tell you the % you need to get before the test.
logic was complete the shape, sequence. change the shape to this by only moving two sticks etc. etc.
Also q's like tim, rob, ian, steve go running, tim has red top and ian has number 5 on his back, if steve beat rob and tim came better than third bla bla bla. Who was wearing what and what order did they finish.

Hey cyco1983,

How did the test go? Any extra information that you can provide? I am preparing my application to them now and would like to prepare early for the test!

HI andy

The test was the same as mentioned above by jc88...The only thing you need to know is...just don't go back to check once you complete the question at any cost...there is no time...The maths is pretty easy....just pick the easy questions.....they are simple percentage..division..multiplication.....for logic....just make sure you remain focussed........the passing marks 38...out of total 69 question...40 maths...and 29 logic....

best of luck

Hello Cyco1983,

Thanks for the info! I submitted my application a few days and I got a reply saying they will let me know within 4 weeks! They really took that long? and for the logic part, is it those typical diagrammatic test? Doesn't sound like it. Where can I practice them?

Did the Tibra Test today, in all we must have been about 100 candidates. The maths test was fairly easy, but there wasn't enough time. I found the logical reasoning a bit tough, as I didn't have prior experience in this. My advise to anyone contemplating writing the test.....practise percentage change in share prices with optimum speed and accuracy. Logic, learn puzzles using match sticks, sequences, dominos, squares e.t.c.

Rotex,

I was due to attend today but couldn't make it. Since they don't reimburse travel, It was a choice between going to the test and not eating for a week, or having enough money to eat and get the bus to uni! Another member of the forum (HTALE) was there, and no doubt there would be some other wikijob readers there.

Good luck, I hope you get through to the next stage!

hi rotex, i have their tests coming up in two weeks and not being from a numerical background, i tend to struggle with these numerical tests. could you please tell me what you would compare the questions in their tests too, are they like shl or psl? or are they harder than these two?

also, could you please tell me if the logic questions are like the SHL logic tests which UBS and some other firms make you sit. thanks a lot for your help and any advice you have to offer!

Kings1, both Tibra tests are tougher than SHL's.

The whole point of these tests are to get the right type of people for the jobs. Detailing whats in the test isn't going to help the employer or the person about to sit it in the long run. You either got what it takes to pass these test or not. Practise shouldn't help because practising wont help you when trading for this company... just my 2 cents.

The tests are completely different from trading. They are to test your numerate ability and like any tests that do this, you need to practise, especially on speed.

Totally agree with rotex. And what's wrong with preperation? Given that especially in finance, Information is perhaps the most important commodity. People are just doing their research - if they can use some information to their advantage, why not? Going out of your way to prepare for a test shows dedication more than anything.

Hey Ive got my Tibra test on monday. I think CW282008 doesnt realize but i've been practicing mental maths and think it will really help in the test. Does anyone know anymore details on the type of questions they ask i.e how much statistics do i need to know??

were these actual questions?!??! If so im in trouble!!

I've done the tests, the first being simple financial maths and the second a logic test. The only problem you have is time restriction and no calculator. And 'yes' the examples above are very similar to the questions in the test.

Good luck cw282008! I didn't make it though!!

Thanks for the reply cw282008, does anyone know how to do the shares question posted above? Obviously i could do it with a calculator but is there a trick to it so that it can be oe n a minute...or are tibra employers just living calculators?!?! Sorry to hear about you not getting in rotex422.

anyone that did the test on the 1st heard back yet? either negative or positive?

i attended the test on 1st dec, but haven't got any feedback yet. it is truly difficult.

good luck for you guys.

p.s. do any of you know if there is any other trader recruiting at the moment? thanks!

I think it depends on the time you did the test. I know someone who did the test at 9:00, and she got her reply by email back on Friday. Me and a friend of mine did ours at 11:00, and my friend received his rejection email today, and I received a voicemail message from them. So hopefully, you will be hearing from them in the next 2 days.

thanks. i take the test at 11:00. :)

Has anyone passed the test? The logic test sounds like testing IQ?????

Is Tibra sending test invitation to anyone who sent out an application?

do they offer internships or industrial placements?

Any idea how they mark the maths questions? Are they looking for the exact answer, or would it be better to round up to 2 significant figures and do it quickly? The p/l questions sound pretty tough to work out in a minute.

Hi guys, has anyone ever had an interview with Tibra Capital? What's the interview like? What sort of questions they ask? I mean the competency based interview with HR manager?

Many thanks!!

Merry Xmas to u all guys.

I'd also like to know what the interview is like. Thank you!

ringtail merry xmas

you passed the test?

yes. i wonder if there is some guy who'd like to share the interview experience.

Congratulations!! You must be very smart!!

When is your interview due?

Here are some of the questions they asked me:

What can you tell me about Tibra?
What does Tibra trade?
Why do you want to be a trader?
What does a trader do on a day to day basis?
What time does the markets open?
What sources do you use to follow up on the news on the markets?
Name a time when you had to make a quick decision.
Name a time when you had to take a risk (either good or bad).
Name two of your flaws and how you can improve on them.

These are some of the ones they asked me. Failed mine though, said that they didn't feel my passion as a trader, and I didn't do enough research on Tibra (to be honest, I couldn't really find anything out about them). If anyone needs more info on them, just drop me off a message or something.
Good luck and merry Christmas.

will I lose points for skipping questions or (randomly)choosing a wrong answer for logical questions? thanks..

Hey guys, I had the test a couple of weeks ago, it was really hard - but I did better than i expected, altho I would say that it was an eye opener in regard to how hard it is to become a trader, fantastic experience

hi guys,

do you think the previous trading experience is essential for the interview? how do you guys exhibit your interest in this company and the trading industry?

Hi Noobface

Thanks again for your information about interview? Can you tell us more about interview? Thanks. Any suggestions??

Did the test today, was surprised by the age of the people there. Was expecting mainly early-mid twenties but there were mostly 30-year-old people there. I think most of them were laid off from banks because of the recent crisis and mergers.
Def helps to practice for the both parts of the test!

Did the test last week. Took Tibra about a week to grade. Got the news today that I made it through.

38 questions for speed calculation and 30 or so questions for logic. you have about 30mins for math and 1hr for logic. you need to get 40 correct in total to pass.

As some one mentioned before, math is not that difficult, but the major issue is time. Was a bit unexpected that math questions were full of text, so you need to get information out of it pretty speedily. And for logic, mainly brainteasers, not so much like IQ test. Got questions like 'A said B is lying, B said he's not lying, C said A and B are lying, blablablah and figure out who's lying'.

Hey, I have a test coming up with Tibra. Can you guys post some information about the test itself - about the type of questions. The Logic test - is it a Verbal test or about diagrams?
Also, do we give answers in decimals, or can we just round it up?

Is there any website or anything that can help me prepare for it?

Thanks.

Also, what was the dress code? did you guys go in a suit or what?

the dresscode at work is definitely casual, but for interview, wearing a suit wouldn't be overdressed.

For the test, just wear casual

Has any taken Tibra's 2 hours long C++ written coding test? What's it like and what kinds of questions are they? Thanks in advance.

Hi Blackjack ,
i have the online c++ test next week /Monday which is about 45 min duration with 40 questions to answer . I think its a quick fire round ... I believe you have cleared the first round .Can you kindly share your experience of the same .... I mean the topic covered and length of questions ,, which ones to pick etc ..
Are you travelling to their office for the test . I believe they have an online version of it too . Regarding that test i have heard there are lengthy questions
with multiple choice answers and their they test your knowledge of parctical coding experience .V. little of STL/template involved .

Best of luck buddy , it is all that i have ..
Keep updating , thanks .