I have an upcoming quantitative trading interview (prop desk at a large bank), and I would like to have some good questions to ask about the group. However, I am changing fields from academia and I do not have a good idea about what sort of things I should be looking for, and what questions would 1) probe my fit with the group/firm and 2) give me a better idea of how they work.
Here are two suggestions I have received so far, which illustrate the type of questions I would be looking for:
What markets do you operate in?
What is your Sharpe ratio?
In addition to the question, a brief explanation of how to interpret the group's answer to the question would be appreciated. What does operating in one market tell me? Many markets? An example answer featuring a question/explanation would be
What is your Sharpe ratio? - A high ratio tells you ... Avoid groups with low ratios because ...
One question/explanation per answer, please. Feel free to use the examples I've given, as I am unsure of how to interpret the responses.