By Ai
Investment banking interviews are one of the most nerve-racking, scrupulous and some would even say menacing interviews ever thought of. Sending or giving out you hard-worked resumes and online applications is not going to be much of a help because to get this job, verbal, reasoning and numerical tests are the obstacles you have to pass, and finally, the interview. Fresh college graduates seem to be short of confidence which is a key to this corporate interview. In an up to date survey conducted results showed that seventy-two percent were uncertain how to get ready for the stressful investment banking interviews.
By Ai
Specific questions that the interviewer will ask you about the firm — you have to know this stuff!
How to answer questions on derivatives
How to answer tricky questions about time-management
The quantitative formulas that every investment banking candidate should know like the back of their hand!
How to display that you can work long-hours in the fast-paced banking environment
How to communicate effectively with an investment banking interviewer
An insight into how bankers will try to trick you in an interview
How to demonstrate your team-building skills
How to tailor your answers to the specific bank and division you are interviewing for…by far the most important factor that can make a difference between a roaring success and a rejection e-mail!
By Ai
According to LSLNET.com, here are some sample topic questions asked in investment banking interviews. This might help to get you prepared.
How to answer questions on stock and company valuation
How to find quality stocks and industries to talk about at your interview
How to positively defend yourself when challenged by a tough investment banking interviewer
Important accounting terms which you must know before even stepping into an investment banking interview
Discover how to calculate tough math questions in your head
The factor that most interviewing experts say is the most important in approaching banking technical questions
Investment banking is not a specific function but a unified term for a scope of activities: underwriting, selling, and trading securities, offering financial advisory services, and managing properties. These services are offered to a host of clients - companies, governments, institutions, and individuals. It is a fast-paced world where deals are done and wherein you can learn the mechanisms of a corporate world. You’ll be able to acquire the analytical skills that will be useful in your business career. You have to work hard to succeed and be prepared to spend long hours to meet the demands of the job.
Personal data - age, date of birth, Social Security number, marital status – should not be included.
Create your style – eye-catching but not too flashy, easy-to-read and complete.
Make it tidy – check for spellings, erasures.
Make it concise – have a maximum of two pages.
Design the resume to highlight the information needed for the position applied for. – draw attention to your abilities and relevant experience.
Provide information on education and computer competency – you may also add something about your interests and hobbies
Write down accomplishments – be specific, when it involves a large investment portfolio, give the exact amount
Use action verbs – this emphasizes what you’ve done
Ask for feedback from family and friends – does your resume present the real you.
You make your own goals, what you want to do, what you want to achieve. When asked this question, be sure to relate your answers to the objectives of the organization wherein you are being interviewed. Having researched about the company and being aware of what your future plans are, you will be able to relate these two aspects to come up with sensible answers. Whether you are able to meet these goals or not is not the issue here but they are trying to assess how you see yourself and how would you fit in the job at hand.
Be confident – introduce yourself giving a firm handshake, smile and act with poise.
Look and feel comfortable – when asked to sit down, take a seat facing the interviewer.
Be attentive – sit straight and look directly at the interviewer but not staring.
Try to appear calm and composed – it is understandable to be nervous but try to control nervous impulses..
Speak clearly – watch your grammar and explain your answers but avoid going off topic.
Show enthusiasm – avoid airing complaints about past employers.
Ask relevant questions – you’re allowed to clarify some points but avoid lengthy discussions. Time is precious and the interviewer may have other appointments.
As an applicant getting ready for the interview, try to learn everything you can about the company and its operation. The interviewer will be impressed if you’ve researched about them. Some information that you need to know include: Organizational structure, interviewer’s name and designation, their products and services, number of years in the business and if they have branches, number of employees, client types, job title and description. You can gather data from the annual report and other publications of the company, press releases and industry magazines/journals, and other banking literatures. Understand the work of the organization and you’ll be able to answer questions as if you’re really part of the company.
Questions most asked about career are:
What are your future career plans?
Why did you choose this particular field of work?
What qualifications do you haven that make you feel that you would be successful in your field?
Do you prefer any specific place assignment? Why?
What do you think determines a person’s growth in a company?
What personal characteristics are necessary for success in your chosen field?
Do you prefer working alone or with others?
Do you any other opportunities in this field?
How much money do you see earning in ten years’ time?
What do you expect to be doing in five, ten or fifteen years?
Not allowing sufficient time to observe the applicant’s behavior and response – the interview should not be too short and superficial. The longer the interview, the better are your chances of getting meaningful information.
Incorrect interpretation of information gathered from the applicant – interviewer has his own ideas and makes wrong conclusion about the applicant’s ability to perform the task required of the position.
Creating stereotypes – falling to biases, this includes how the interviewer feels about perceived notion of a certain group of people or association to certain locale.
Being influenced by certain characteristics/traits of the applicant – this pertains to physical appearance, he way the applicant dresses, the style of his hair
