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Point72·Data Scientist·Take-home Assignment·Senior

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May 2026

Summary

Point72 data scientist take-home with three pretty brutal coding tasks. No fluff, no behavioral stuff, just pure problem-solving under time pressure. The problems were harder than I expected for a DS role.

Questions Asked (3)

Q1

Given a list of date strings in mixed and potentially ambiguous formats, normalize each one to UTC ISO 8601. Handle timezone conversions, two-digit year mapping, leap year validation, and compute the business-day difference between any two normalized dates, excluding weekends and a fixed holiday set. Return an error for invalid inputs.

Algorithms & Data StructuresTechnical Trade-offs
Author's notes

This one wrecked me more than I want to admit.

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AI HintsAI Generated

Suggested Approach

Start by clarifying the ambiguous formats and assumptions (e.g., two-digit year mapping, timezone defaults) before diving into the algorithm. Then outline a modular pipeline: parsing and validation, normalization to UTC ISO 8601, and business-day difference calculation with weekend/holiday exclusion. Emphasize edge cases like leap years, DST transitions, and invalid inputs, and discuss trade-offs between using built-in libraries versus custom logic.

Pro tip: Mention that you would use a battle-tested library like dateutil or pandas for parsing, but implement the business-day logic manually to handle custom holidays and ensure auditability—this shows you balance efficiency with control, which is crucial in finance.

1. Clarify requirements and assumptions

Ask about ambiguous formats (e.g., MM/DD vs DD/MM), two-digit year mapping (e.g., 00-68 -> 2000-2068, 69-99 -> 1969-1999), timezone defaults, and the fixed holiday set. Confirm that invalid inputs should raise errors.

2. Design parsing and validation

Use a robust parser (e.g., dateutil) with explicit format hints, validate dates (leap years, month/day ranges), and handle timezone offsets. Return errors for unparseable or invalid dates.

3. Normalize to UTC ISO 8601

Convert parsed datetimes to UTC, then format as ISO 8601 strings (e.g., 'YYYY-MM-DDTHH:MM:SSZ'). Ensure consistency and handle DST transitions correctly.

4. Compute business-day difference

Given two normalized dates, calculate the number of business days between them, excluding weekends and the fixed holiday set. Use a loop or vectorized approach, and consider performance for large ranges.

5. Test and discuss trade-offs

Test with edge cases (leap years, ambiguous formats, timezone conversions) and discuss trade-offs: library vs custom code, performance vs accuracy, and handling of holidays.

Key Points to Mention

  • Ambiguity resolution: how to handle mixed formats (e.g., using format inference or explicit parsing) and two-digit year mapping rules.
  • Timezone handling: converting to UTC, dealing with offsets and DST, and ensuring ISO 8601 compliance.
  • Leap year validation: checking February 29 and other date validity rules.
  • Business-day calculation: excluding weekends and a fixed holiday set, and efficient algorithms for large date ranges.
  • Error handling: returning clear errors for invalid inputs (e.g., unparseable strings, out-of-range dates).
  • Trade-offs: using libraries (dateutil, pandas) vs custom implementation for control, performance, and auditability.

AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.

Q2

Given target quantities for up to 6 item types, unit prices, and a list of special bundles each with their own price, find the minimum cost to exactly meet the target quantities using any combination of bundles and individual unit purchases. Return the cost and the actual combination used, or -1 if it's impossible. Bundles cannot oversupply.

Algorithms & Data StructuresTechnical Trade-offs
Author's notes

Classic DP but the state space constraint is what makes it annoying.

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AI HintsAI Generated

Suggested Approach

Model the problem as an integer linear program (ILP) where decision variables represent the number of each bundle and individual item purchased. Use a solver or dynamic programming to find the minimum cost solution that exactly meets all target quantities, ensuring no oversupply. Return the cost and the combination, or -1 if infeasible.

Pro tip: In a hedge fund context, emphasize that you would first validate the problem's feasibility and consider the trade-off between exact ILP solutions and faster heuristics, especially if the problem size grows or real-time decisions are needed.

1. Define decision variables and constraints

Let x_j be the number of times bundle j is used, and y_i be the number of individual units of item i purchased. Constraints: for each item i, sum over bundles containing i of (quantity in bundle * x_j) + y_i = target_i, and all variables are non-negative integers.

2. Formulate the objective function

Minimize total cost = sum over bundles of (bundle price * x_j) + sum over items of (unit price_i * y_i).

3. Choose a solution method

For small instances (up to 6 item types), use an ILP solver (e.g., PuLP, OR-Tools) or dynamic programming. If the number of bundles is large, consider branch-and-bound or column generation.

4. Handle infeasibility and return results

If the solver finds no feasible solution, return -1. Otherwise, extract the optimal cost and the corresponding values of x_j and y_i to report the combination.

5. Discuss scalability and trade-offs

Mention that for larger problems, exact methods may be slow, so heuristics (e.g., greedy, local search) or approximations could be used, but they may not guarantee optimality. Also note that the problem is NP-hard in general.

Key Points to Mention

  • Integer Linear Programming (ILP) formulation with binary/integer variables
  • Exact cover constraints to avoid oversupply
  • Dynamic programming for small state space (target quantities up to 6 dimensions)
  • Complexity: NP-hard, but pseudo-polynomial in target quantities
  • Use of solvers like OR-Tools, PuLP, or custom branch-and-bound
  • Trade-off between optimality and computational efficiency in real-time scenarios

AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.

Q3

Implement a function that classifies the spatial relationship between two circles, returning one of seven possible states from 'separate' to 'concentric equal'. Use squared distances to avoid precision loss, handle near-tangency within a small epsilon, and return intersection point coordinates when applicable.

Algorithms & Data StructuresTechnical Trade-offs
Author's notes

Geometry problems always make me nervous and this was no exception.

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AI HintsAI Generated

Suggested Approach

Start by defining the seven states clearly and the conditions that distinguish them using squared distances. Then outline an algorithm that computes squared distance between centers, compares with squared radii sums/differences, and handles epsilon for near-tangency. Finally, describe how to compute intersection points when the circles intersect at two points.

Pro tip: Emphasize that using squared distances avoids square roots and precision loss, and that epsilon should be relative to the scale of the inputs to handle floating-point comparisons robustly.

1. Define the seven states

List the states: separate, touching externally, intersecting, one inside another (non-concentric), internally tangent, concentric (different radii), concentric equal. Clearly state the geometric conditions for each.

2. Use squared distances for comparisons

Compute squared distance between centers (d²) and squared radii (r1², r2²). Compare d² with (r1+r2)² and (r1-r2)² to classify without square roots.

3. Handle near-tangency with epsilon

Introduce a small epsilon to treat cases where d² is close to (r1+r2)² or (r1-r2)² as tangent. Use relative epsilon based on the magnitude of the values to avoid scale issues.

4. Compute intersection points when applicable

For intersecting circles, calculate the intersection points using the standard formula: find the distance from center1 to the radical line, then offset along the perpendicular. Return coordinates.

5. Test edge cases and validate

Test with concentric equal circles, one circle inside another, external tangency, and near-tangency. Ensure epsilon handling does not misclassify distinct states.

Key Points to Mention

  • Squared distance comparisons avoid square root operations and reduce floating-point errors.
  • Epsilon should be relative to the scale of the inputs (e.g., epsilon * max(r1, r2, d)) to handle different magnitudes.
  • The seven states are mutually exclusive and cover all possible spatial relationships between two circles.
  • Intersection points exist only when the circles intersect at two points; for tangency, there is one point.
  • Concentric circles have the same center; if radii are equal, they are coincident.
  • Use the radical line method to compute intersection points efficiently.

AI-generated suggestions, not part of the candidate's original notes. May be inaccurate — verify before relying on them.