Best Response

Check out the Vault guide for finance interviews. It gives a great overview of the technical component and a list of questions and what the interviewer is looking for.

Also, ask your school's career center for help. Mine had a printed guide with sample questions. However, the most valuable prep is practice. Try to get as many mock interviews in as possible.

Remember, three main points you need to answer: 1) Why ibanking? 2) Why this company? 3) Why you?

Don't memorize lots of data. If you're going into S&T, know where the markets are. But they're mostly looking for "fit" requirements. Be relaxed, but confident. Be yourself. Think about how you will fit into the company. They can teach you all the technical stuff, but they can't teach you to work hard and play nice.

 

While we're on the topic, I should ask.

Are the questions more about recent stuff you would read in the WSJ (e.g. What is the Dow at today? ), or are they more stuff from a finance text book (e.g. What is the yield on a two year bond in one year if semi annual compounding..., Explain subordinated debt to me.)? Or both?

 

I have that guide and it doesn't address some of the CURRENT financials that may be asked. I've been asked questions like, where's the Dow at, the S&P, yield, etc. I was wondering what other of THESE types of questions may be asked.

 

What was last week's CPI number and how might this affect future Fed funds and bond yields?

Where are interest rates going (subjective: they want you to support your position- no one really knows).

What does the yield curve look like? Why?

Know the past 2 weeks' or so economic data (http://www.bloomberg.com/markets/ecalendar/index.html)

A lot of this stuff you should know anyway for wanting to go into the field...

 

Will there ever be questions from economics like explain the price setting mechanism from a monopolist's perspective or like Aggregate Demand: Price Determination in the Classical Model?

Those are the questions that I'm most afraid of. Why will they or why wont they show up?

 

It depends what you study. If you do finance/economics, expect more technical questions. If you don't, they'll ask mostly if you follow current events and how you'd find out about certain information if you don't know it already.

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