• This book is a must read! It is the first and the original book of quantitative questions from finance job interviews. Painstakingly revised over 15 years and 12 editions, Heard on The Street has been shaped by feedback from many hundreds of readers. With 50,000 copies in print (late 2009), its readership is unmatched by any competing book.
• The revised 12th edition (ISBN 0970055277; published July 2009) contains over 175 quantitative questions collected from actual job interviews in investment banking, investment management, and options trading. The interviewers use the same questions year-after-year, and here they are with detailed solutions!
• This edition also includes over 125 non-quantitative actual interview questions, giving a total of more than 300 actual finance job interview questions. There is also a revised section on interview technique based on Dr. Crack's experiences interviewing candidates and also based on feedback from interviewers worldwide.
• The quant questions cover pure quant/logic, financial economics, derivatives, and statistics. They come from all types of interviews (corporate finance, sales and trading, quant research, etc.), and from all levels of interviews (undergraduate, MS, MBA, PhD).
• The first seven editions of Heard on the Street contained an appendix on option pricing basics. That appendix was carved out as a stand alone book (Basic Black-Scholes) in 2004, and it is now available in its revised second edition (published April 2009; ISBN=0970055242).
• One in every three copies of Heard on the Street is sold to an interviewer. There is a good chance that you will face one of those interviewers.
• When Heard on the Street first appeared, it contained questions collected directly from students after interviews. It still does, but nowadays the interviewers at top firms also contribute new questions directly! For example, one interviewer at a big-name New York investment bank recently sent the bank's latest full written quantitative interview test with 30 questions (and answers)! The great majority were very similar to those already in the book.
• Why do interviewers at top firms supply their interview questions to put in a book to sell to their job candidates? Because job candidates who make a serious investment of time in revising the questions deserve to be hired!
• Heard on the Street is a soft cover phonebook sized paperback and approximately 260 pages. View the cover of the revised 12th Edition of Heard on the Street (ISBN 0970055277; published July 2009). It is in stock in hardcopy at most online bookstores.
• The 12th edition eBook is a marginally revised/corrected version of the 12th edition hardcopy but is slightly shorter because it has fewer horror stories from interviews. You can read the eBook with free adobe digital editions (help here). This new software seems to be disappointingly inferior to the old acrobat reader. The eBook does not allow printing or copying.
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• Timothy Falcon Crack has a PhD from MIT. Dr. Crack has won six teaching awards and been nominated for five others. He has articles published or forthcoming in the top academic, practitioner, and teaching journals in finance (Journal of Finance, Journal of Business, Financial Analysts Journal, and both Journal of Financial Education and Journal of Applied Finance). He is the author of the popular book "Basic Black-Scholes: Option Pricing and Trading."
• Dr. Crack has degrees in Mathematics/Statistics, Finance, and Financial Economics and a diploma in Accounting/Finance. He also holds the Investment Management Certificate from the UK Society of Investment Professionals. He taught at the university level from 1985 to 2000, including four years as a front line teaching assistant for MBA students at MIT, and five years teaching undergraduate, MBA and PhD courses at Indiana University's Kelley School of Business. Dr. Crack has worked as an independent consultant to the New York Stock Exchange, and his most recent practitioner job was as the head of quantitative active equity research in the London office of what was the world's largest institutional asset manager. He is now a professor of Finance.
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BOOKSELLERS (last updated January 8, 2020).
Dealer	IN/OUT of Stock	Ships in ...	Price
Hardcopy (ISBN 0-9700552-7-7)
Amazon.com (12th Edition; July 2009)	IN STOCK	24 Hours Best Service in US	$31.50 Best Price in US (on 12th Ed.)
Global-Investor (in UK but ships to USA)	IN STOCK	24 Hours	British Pounds 25.50 (approx $41)
Barnes and Noble (12th Edition; July 2009)	IN STOCK	24 Hours	$40.00 ($36 for members)
Books A Million (2009 12th Edition)	In Stock	10 Days	$35
Amazon.co.uk (12th Edition)	IN STOCK	10 Days	British Pounds 19.79 (approx $31)
eBook (12th Edition) (no printing, no copying; PARENT ISBN = 0970055277)
Powells.com (12th Edition)	Immediate Download	Immediate	$44.38 Lowest eBook Price
Diesel-ebooks.com (12th Edition)	Not available yet	NOT Available yet	$XX.XX

If you are a book retailer and you need the book for a customer, please order directly from INGRAM in the US or BERTRAMS in the UK. If INGRAM shows no inventory, your back order triggers their print-on-demand subdivision to print a copy within a few days.  

Contacts....& Errata

• Ask the author a question timcrack@alum.mit.edu.NOSPAM (on average one week before reply; remove ".NOSPAM" before mailing).
• ERRATA (known errors and corrections).

• Read praise from people who have bought the book.
• If this book is not what you want, please email the URL to a friend who is job hunting in investment banking, trading or money management. Your tip could save them from disaster!
• Flyers advertising my books:
  "Basic Black-Scholes" Flyer (pdf), and "Heard on The Street" Flyer (pdf).

Last Updated: January 8, 2010