Month of Interview:
October
Industry Detail:
Investment Banking
How long did the interview process last?:
1-2 months
Intern
Group/Division/Type:
Debt Capital Markets
What did the interview consist of?:
Phone Interview
1 on 1 Interview
How did you get the interview?:
Employee Referral
What were the most difficult or unexpected interview questions asked?:
Most unexpected was a question about how a fashion store makes revenue and which are the main levers to boost profit. Very consulting-like case and definitely not super easy to solve since the interviewer also wanted specific outcomes for margins. Also some follow-up questions related to the case, e.g. which forces could influence the fashion industry, why is fashion not a prospering industry right now. Other than that mostly fit-based with a lot of questions relating to previous internships. Definitely recommend to have a lot of questions prepared beforehand, so that you can score extra points in the end.
No votes yet
Overall, how would you describe your interview experience?:
Very Positive
Please describe the interview / hiring process.:
Employee referral. After a phone interview and chats with Alumni I got the interview. Very diverse for markets. Some consulting-like case questions and some question about capital stack and how it potentially looks in case of acquisitions.
Overall, how difficult was the interview?:
Difficult
Official Undergrad School Name:
Overall Undergrad GPA:
3.6
Undergrad Class Year (or expected):
2017
Degree 1:
BS or BSc or SB
Major 1:
Economics
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
Accepted Offer
Year of Interview:
2016
How did you answer each of these questions (please be specific)?:
For the calculation you can easily make sth up, say you have a store where on average 10 people pass every fifteen minutes and one of them enters the store. Using opening hours from 9-6 that makes 9*4 people entering your store. Of these 36 people probably 20% buy something, which makes ca. 7 people. With the average selling price of 100 USD per shoe, you make 700 revenue per day. Which equates to 700*6*4 (ca. 17k) of revenue per month. This is ca. 200k of revenue per year. With a net profit margin of 10% (after rent etc) you are left with 20k net income.
Forums: