Investment banking
interviews can last for a full day.
An investment banker advises clients on a host of financial matters. This may include determining the best way for a company to raise capital, prepare legal and financial documents, and adhere to government regulations. Investment banking can be a highly profitable career and the competition for jobs is fierce.
Be Prepared Physically
Most people prepare themselves mentally for an interview by reviewing their resumes and practicing answering questions. However, investment banking interviews can be physically draining as well. Investment banking interviews will always include an interview with a banker at entry level. However, many banks conduct what is referred to as "Superday" interview sessions. This means that bank officials will conduct interviews that last for most of the day. For some banks, this means you will be going through 20 consecutive interviews. Being prepared for a day like this means getting a good night of rest, eating a full breakfast, and bringing along various energy snacks.
Fit Questions
Most investment banking interviews consist of "fit" questions and "technical" questions. Technical questions are fairly straightforward, but fit questions attempt to get at the heart of what makes you unique. You must look at fit questions as an opportunity to separate yourself from the other candidates. If asked whether you are a team player or what made you decide to go into the field of investment banking, do not rattle off a by-the-book response. Take the opportunity to relate a specific experience that shows the interviewer what kind of person you are and helps him or her remember you.
Technical Questions
While you may stand out as an exceptional person, you will want to show the interviewer that you are a competent investment banker as well. Be prepared to answer hypothetical questions. For example, you may be given a merger scenario and asked to evaluate the merger from both sides. Consequently, you will want to brush up on your technical skills before the day of the interview. In addition, when answering technical questions, be sure to describe your thought process. Often, it is not the ultimate conclusion that is important, but how you arrived at the particular conclusion.
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