You will likely face a varied range of
bankers from analyst level to MD. But given you are within touching distance of
a $100,000+ offer, the interviewer-sheet will be stacked towards the senior side,
which means less junior bankers than first rounds and definitely no HR reps.
Numbers wise, you could face anywhere from
as little as 3 interviews to as many as 7 or more.
As you can imagine a true banking Superday
can last anywhere from 3 hours to the good part of an entire day. And sometimes
they can even spill into the night.
But fear not. Banks tend to err on the side
of less is more, because it's an insane logistical task to organize more than 5
interviews per student and overall it's a surprisingly exhausting use of bank
resources.
We are referring to senior bankers' time
here of course - not the $20 an hour analysts! Note the sliding scale with
respect to range, interviews and length; the bigger the bank and the recruiting
drive, the greater the range/ interviews/ length. No wonder BBs (bulge brackets)
are the source of infamous Superday war stories then, as opposed to the middle
market i-banks and lower end boutique investment banks.
Why does the focus of each superday banking
interview differ?
Different interviewers will be staffed with
testing you on different things. This is often decided based on their level.
Consequently students can experience 40
minutes of technical questions when interviewing with Analyst Chuck Chuckford
and 40 minutes of "Tell me about yourself" mind numbing questions
during MD Larry Larryson's hour of power.
Let's break it down very clearly though...
The younger monkeys (analysts &
associates) will throw down the technical questions gauntlet as they try to
objectively assess you for brains. Think McGee in NCIS. If you've got some
finance and accounting study or worse - a banking internship - under your belt
expect to be pushed a lot harder than someone with a liberal arts major.
Although the technical finance questions
might hurt, the investment banking accounting interview questions won't -
they're comparatively easy.
Meantime the graying apes (MD Larryson and
the other BSDs) will go 'fit' and 'you' crazy as they try to answer the
question "Would Richard make a strong member of the team and do I want to
work with him?". For this think Gibbs in NCIS. But don't forget Larry will
also enjoy asking you (with a deadpan face) "How many 128-slide pitch
books would fit in a chartered Lear Jet to Greenland?"*.
In other words, interviews with the graying apes will often involve both
technical and fit questions. The Masters of the Universe will give you a taste
of everything!
Finally, it's worth noting that multiple
interviews at the one bank can also overlap in both theme and the specific
questions asked. This is done on purpose. Just like a computer-driven
personality test, this process of repetition allows bankers to spot
inconsistencies in your answers over time when they share notes at the end of
the day.
Were you actually lying about your
leadership experience at Chucky Cheese? Either way they'll find out.
You can read more Free Tutorials on Investment Banking Recruiting just like the one above by visiting https://insideinvestmentbanking.com now.
Article source: ezinearticles.com
Richard is the head writer for Inside Investment Banking - a one-stop shop of advice for students just like you who want to know how to get into investment banking without a 4.0 GPA from Harvard or nepotistic connections on Wall Street.
Created by a team of 5 young bankers, Inside Investment Banking contains all the real insider advice you need to write killer banking resumes, answer tough interview questions, network with bankers and much more.
You can read more Free Tutorials on Investment Banking Recruiting just like the one above by visiting https://insideinvestmentbanking.com now.
Article source: ezinearticles.com