Quant interview prep guides

Fermi Estimation Peer Practice Guide

Fermi estimation peer practice guide for interviewer roles, prompt choice, follow-ups, review rubrics, and next drills.

Candidates practicing open-ended estimates with peers.

Practice the interaction

Fermi peer practice should include clarifying questions, assumptions, follow-ups, and review. The conversation is part of the skill.

Use follow-ups

The peer interviewer should change an assumption or provide a benchmark. The candidate should update the estimate rather than restart.

Concrete session

Run one ten-minute estimate, one follow-up, and five minutes of review. Record target unit, assumption quality, arithmetic, range, and sanity check.

Review the range

Feedback should include whether the range matched uncertainty and whether the candidate identified the dominant assumption.

Common mistakes

Peers often focus only on the final number. Fermi practice should review structure, assumptions, units, and adaptability.

Practice the pattern

Use the LeetQuidity curriculum and calibration to turn this topic into a focused practice plan.