Help/Potential Job interview for equity research in Toronto
Hi,
I was looking for some advice in regards to equity research job interviews as I might be about to get an equity research job interview with one of the canadian big 5 banks probably early January 2011.
I have never done a finance interview in my life and I am quite clueless about what to expect as I'm coming from a totally different background (Audit with big4 firm).
I heard about the technical questions is it possible to get more details on what to expect? Stocks picking etc...
Thank you very much for your assistance and have a great holidays...
One question they will ask u for sure is : What stocks do u like right now and why ?
For this : have a detailed story. Let us say, you're a value investor, for ex, say, I like apple because of strong, consistent and sturdy demand of their products ; pristine balance sheet ; savvy management team and then throw in a metric that suggests that stock was, acc. to ur calculations, trading below intrinsic value (DCF).
know DCF well. And pick an industry you like, size up that industry in few sentences which shows u know wtf u talking about.
btw, why canada, bro? dont u get sick of snow? and u guys get taxed like mofo. and then there is stupid hwy 401, always under construction
I also suggest having a short position on top of the stock that you like. Showing them that you know when a stock is over valued is as important as demonstrating ability to find value.
Thanx a lot to happypantsmcgee & Don Corleon,
I really appreciate the help...I am planning to spend some of the holidays going through stocks and picking some. I still had some additional questions too:
-Is picking up a stock like Apple a good idea or is it more impressive to pick maybe a not so popular stock? and how many stocks should I pick?
-I have a basic understanding of DCF could I potentially be asked how I came up with the DCF of a given company or just be expected to know how the DCF is calculated ?
-In the case scenario, I am asked the DCF of a certain company,I am wondering if I would have to have calculated on my own the DCF using my own assumptions? and I assume I would also have to state them at the interview too..right?
-Would recycling the general comments on stocks picks advices that are popular on some columns be a good idea or would you advise that I really do my own calculations and projections?
Thanks again for your help.
God Bless you guys
Ps: Canada is too cold but I m used to it now....I live in Toronto and usually use the subway so the 401 doesn
t get to see me that much..lol....Im quite opened to moving elsewhere at a later time...I m originally from a warmer place...lol...Temporibus maiores autem commodi hic qui ipsam. Odit enim et ut dolor ut. Veniam sunt eius rerum quos magnam rerum. Ratione voluptatibus consequatur nesciunt velit temporibus. Nam aut et occaecati fugit unde et. Fugiat est velit nulla eveniet. Et occaecati sed culpa odit et porro.
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