I applied through an employee referral. The process took 7 weeks. I interviewed at Jane Street (New York, NY) in Oct 2016
Interview
2 phone rounds + onsite (5 interviews of about 1 hour each); fit was only measured implicitly, most of the time was spent doing math questions. Two of the five onsite interviews were collaborative with the other person applying for the internship that day. Problems generally speaking had some sort of tricky edge/corner case to take into account; interviewers look for your ability to identify such cases and to be critical of your own first intuitions. Although there was no explicit fit portion of my interview, personality seems to be evaluated at least implicitly. Also key is keeping cool / staying calm yet not overconfident.
Interview questions [1]
Question 1
First round: standard brainteasers; after that, problems were more "real world" and lacked precise answers. Instead you have to be really good at estimating and coming up with reasonable explanations / justifications for your intuition.
I had a phone screening call from a recruiter, they asked some standard probability questions, bayes rule, and expected value about dices. Overall experience was pretty good. Make sure you prepare your probability
Interview questions [1]
Question 1
Expected value, if throwing a dice, 2 dices and 3 dices with option to reroll.
I applied online. I interviewed at Jane Street in Nov 2022
Interview
Very smooth. Around 30mins first round 1hr for the second round. First round consisted of easier probability based questions. Second round was similar but harder and longer questions. The interview process if approached in a calm composed manner should be easier to analyse
multiple phone interviews and a full-day Zoom interview. Interviews got longer and longer over time, but every person was very kind and helpful with hints when I got stuck. The questions get harder as the rounds progress and generally don't have a closed form answer in the later rounds
Interview questions [1]
Question 1
they describe the rules of a game and ask if you want to play it based on your expected earnings