Month of Interview:
May
Industry Detail:
Investment Banking
How long did the interview process last?:
Less than 1 month
Intern
Group/Division/Type:
Mergers and Acquisitions
What did the interview consist of?:
Phone Interview
1 on 1 Interview
How did you get the interview?:
College / University / On Campus Recruiting
What were the most difficult or unexpected interview questions asked?:
Because it is a smaller office there was a much greater focus on culture fit that I was expecting. The phone interviews were each half behavioral half technical, and the superday with every senior person in the office was almost entirely behavioral. Some of the questions I got were:
What is something that you're passionate about?
Tell me about a quantitative problem you solved?
How would you account for immeasurable factors in a model?
The only real technical question I got at the superday from a VP was about how finding a suitcase filled with $100 million would affect share price.
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Overall, how would you describe your interview experience?:
Very Positive
Please describe the interview / hiring process.:
Two phone interviews with associates, half behavioral half technical. Superday with every senior person in the office, almost entirely behavioral.
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
4.0
Undergrad Class Year (or expected):
2020
Degree 1:
BS or BSc or SB
Major 1:
Business Admin. / Management
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
Accepted Offer
Year of Interview:
2018
How did you answer each of these questions (please be specific)?:
The passion question caught me off guard because it was the last question I got on a phone interview after getting grilled on accounting technicals. I talked about how I had rediscovered chess recently and was amazed at how much I didn't know, so I was passionate about getting better.
I talked about a statistics class assignment where I had a lot of variables and had to determine which ones were relevant to the regression model.
I talked about how I am good at assigning quantitative values to otherwise qualitative factors and would use that intuition to build in something like a higher premium.
If it were added to cash, I said it would have no effect on share price, or at least not a measurable one; maybe shareholder optimism about capex would cause an increase. If it were issued as a special dividend, I said the share price would increase by $100 million / shares outstanding.
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