5 Secrets to Handle Investment Banking Interviews

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Going through the interview process can be a daunting and challenging experience. Fortunately there are key secrets that can help you prepare for an investment banking interview that allow you to convert your interview into a job. Follow these secrets to help you land your dream job as an investment banker.

 

1.      Make sure your answers include facts and figures

Applicants who provide generic responses to questions fail to set themselves apart from their competition. Your answers should provide specific examples to buttress your responses. A response of “I have good communications skills” pales in comparison to a response of “I have written 3 briefs that have been published, I contribute a monthly column to the company newsletter and I won the annual writers contest at University.” You need to be able to provide a bullet point of facts to supplement your answers and to show why you are the best applicant for the position.

 

2.      Dress appropriately

You only get one chance to make a first impression and your dress is your first impression. Don’t blow it by dressing inappropriately. Men should wear a dark suit with a white shirt. White shirts look more professional so stick with the basic and not try to wear a different color shirt. Shoes should be shined and not have marks on them. Women should wear a dress or skirt. The skirt should not be short. A female should not wear a top that shows too much cleavage. Women should wear heels under 2 inches. Heels protrude confidence.

 

3.      Be on time

The worst thing you can do is to arrive late for an interview. Not only does it show a lack of respect for your interviewer’s time but it puts you in a position to feel flustered and hurried. Most interviews are timed because of the large number of applicants that they are interviewing. Arriving late shortens the time that you have with the interviewer and the amount of time that you have to set yourself apart. Arriving early allows you to account for time to find a parking place, find the right office location and to start filling out any forms that might be required.

 

4.      Be prepared

With access to the Internet it is easy to find information on the company with which you are interviewing. By providing specific knowledge about the company and their industry it shows that you have done your homework and that you are interested in the company. Most interviews will involve analytical questions. It is advisable to spend time reviewing formulas and calculations that you may not have used recently. Be prepared for unexpected questions that you will have no clue to the answer. These questions are asked to show your ability to logical research and formulate the answer. This is a skill that investment bankers must have.

 

5.      Shut up and listen

It is easy to get caught up in the moment and attempt to recite your entire life history in response to a single question. If you provide too much information then the interviewer will forget your first key point by the time you have finished taking about your tenth key point. Never talk too much so that the information that you want to stress is lost in the amount of talking you do. Sometimes it helps to ask the interviewer to ask a question again even if you initially understood the question. The interviewer may rephrase the question giving you hints on what they want you to emphasize in your answer.

 

Interviews for an investment banking position can be very stressful and daunting. If you follow these secrets you will be well prepared for the most challenging interview in your life.



Source by Agustin Valecillos

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