The most common test given is to a Discounted Cash Flow analysis (DCF) and Operational Modelling (i.e. Sometimes you may be asked to build Merger models but this is less common.
The models given are usually very complex with a very short time allowed for completion.
While many people can be good at interviews through extensive practice, you can't fake a modelling test.
- If a company changes from a LIFO to FIFO, how would that impact its financial statements?- Where would you put a convertible bond on the balance sheet?Investment Banking interviews typically start with a battery of questions about yourself.All those questions you will get in the investment banking interview have a single purpose and are trying to assess Adaptability, Analysis and Problem Solving, Commercial Awareness, Communication, Decision-Making and Judgment, Influencing and Persuasiveness, Leadership, Motivation, Relationship-Building and finally Teamwork.- Suppose you reviewed the financial statements of a firm for two consecutive years.
Every line item on the income statement showed the same value for both years, but the numbers on the lines in the cash flow statement are different for the two years.
(Mention all the positives about London and how it is a financial center, multicultural, etc.) 3) What are your strengths and weaknesses? 13) What would you most like me to know that is not in your resume?
Good strengths include being a hard worker, analytical, curious, being a good communicator, a good team player, resistant to stress, don't give up easily. (Answer can be that you grew up in an interesting place or an interesting experience you had.) 14) How competitive are you? Just add examples saying that you enjoy participating competitive activities such as sports, events, etc.) 15) Tell me about the time you worked the hardest in your life.
(i) Which job you are applying for (ii) Why you are interested in the job (iii) Your strengths and competencies that make you a good candidate for the job Who reads cover letters?
Given the large volume of applications that investment banks receive, very few people actually do If not many people read them, what is the point of cover letters?
The most common type of test will happen like this: - You will be seated in a room alone with a laptop, with only Excel on it.