Quantitative Research — JPMorgan Chase & Co. Job Simulation on Forage
My personal review
In this job simulation on Forage, you will be completing four tasks as follows
Task 1: Here you will be investigating and analyzing price data
Task 2: You will price a commodity storage contract
Task 3: Do a credit risk analysis
Task 4: Extrapolate Bucket FICO scores
All tasks are achievable in Python. In my case, I used Python for these tasks.
This is another experience I will never forget.
Task 1 requires you to write code that analyzes data to take a date as input and return a price for past and future estimates. In data science, we call this training a dataset for a model.
Task 2 allows you to create a prototype pricing model that can undergo further validation and testing before being put into production. In data analysis, we call this Exploratory Data Analysis (EDA) before machine learning and data validation.
Task 3 involves building a model using Python to estimate the probability of default for a borrower. In data science engineering, we evaluate the accuracy score after determining data under supervised or unsupervised learning.
Task 4 teaches you to deploy detailed Python code to strategically group customers with various FICO scores to narrow down the probability of default. In this phase, it is assumed that the data, after cleaning and validation, is properly trained to create a model that can now test and predict future defaults based on previous activities.
As exciting as it may be, this job simulation will introduce you to how programming is used in finance and how machine learning in data science/analytics is put into real practice by professionals.
If you are a Quant Enthusiast, this is for you! Though it may not seem like much, what’s valuable is getting to see how JPMorgan & Co. use such methods for their Quantitative Research and their own valuation and investments.
The experience was top-notch.
Check the job simulation here and see if its for you.
Thank me later!
~Also, check my projects on this job simulation in Github.
Please note that all job simulations on Forage are free and ungraded. However, each simulation is provided by the corresponding company, meaning all tasks, problems, and answers come directly from the company. This is designed to give you an accurate representation of what it’s like to work at that specific company and perform day-to-day tasks as if you were already on the job.
Upon completion of each simulation, you will receive a certificate acknowledging your active participation. This certificate will include a resume snippet, interview tips, and skill upgrades, although these are not the main benefits.
Now, onto the most important part: upon completion, you will gain access to the company’s talent network. You will receive updates when your chosen company has openings, and if you are among the first to notice a ‘Hiring now’ status, you may have the opportunity to participate in the screening process.
