How to pass the internship interview of investment bank

Different companies have different recruitment standards, and even if they reach the ability, they may be restricted by factors such as personality and culture. We can't generalize. But some basic interview skills can greatly improve the pass rate. Please refer to the following for your reference.

In fact, the interviews of investment banks are very similar, and there are routine things, such as why you choose investment banks. If you follow the interviewer's train of thought and answer whatever he asks, he will think you are boring, and you will feel boring if you don't take the initiative. So I think an important purpose of interviewing investment banks is to make them like you and use yours by telling their own stories.

(1) preparatory work

1, analyze by yourself

What kind of people do investment banks value? Let me list some qualifications that investment banks value first. I can think of analytical ability, business awareness, quick learning ability, communication ability, honesty, interpersonal skills, leadership, motivation and energy. Quantitative skills, team spirit, etc. And then look for examples (preferably short stories) that can prove that you have various qualifications in your own experience. Note that it is not recommended to make up stories, and the result of being cheated will be very miserable.

If you have less experience, I suggest you carefully analyze and explore your own experience first. Consider what skills these experiences can highlight, and then guide the interviewer to think about these aspects in future interviews, which will have a better chance of winning.

2. Analysis industry

Really understand the investment banking industry, know what the industry is doing, what the future development direction is, who are the important players, what are their core competitiveness differences, and so on. There are so many investment banks active in China, but there are still some differences in management and operation, with advantages and disadvantages, which should be understood through various channels such as news.

Step 3 analyze the target company

Understand the advantages of this company (take a closer look on the website), what deals and big customers it has had (especially in the Asia-Pacific market, being a news runner), their culture (it would be better if you could explain that your personality is suitable for this culture, such as the team player culture of Goldman Sachs) and so on.

4. Analyze the department and position you want to apply for.

There are many departments in investment banks and the nature of their work is very different, so the requirements for everyone are different. Moreover, when listing the company's performance, we should also be targeted. For example, QFII is not IBD's business, and the disposal of non-performing assets is not IBD's business in Goldman Sachs. Emphasizing these things in an interview with IBD may not effectively stimulate the interviewer's nerves.

5. Be familiar with your resume

Your resume is all about what you have done, so there is no reason not to know the details. People in investment banks like to look at the details and get to the bottom of it. I hope you 100% know all the details on your resume and make a good statement so that the interviewer will not mistakenly think that you are cheating.

6. mock interview

If possible, please ask a classmate who has experience in investment banking interview to give you a mock interview, so that you can get into the state soon. After the mock interview, you can also score yourself and make improvements.

Interview game

The state of the interview is very important. Don't shrink back, take the initiative and show your true self. Some points that need attention are for your reference:

1, keep a sincere smile.

Make the interviewer feel that you are an approachable person and make him like chatting with you.

2. Appropriate humor

I always think that it is painful for professionals in investment banks to interview job seekers intensively, because it takes up his/her precious time, and its opportunity cost is a few hours of sleep. So, if you can get them at the same time,

If you feel a little fun by sharing your own story, it will be a great comfort to them and your chances of success will be much greater.

Step 3 know his/her background

Take the initiative to ask and understand his/her background, and express appreciation and admiration for his/her background (it will definitely be like this), maybe.

You can find more common topics.

4. Professional issues

Read some books on corporate finance, accounting and valuation in advance, so that you can know what you are asking. In fact, they don't expect you to answer all the questions correctly (especially for non-economics students). It seems more important to answer questions from the aspects of analytical thinking (especially logic) and business awareness.

5. Prepare some questions for the interviewer.

This is a very critical part. Never show ignorance and unprepared. Don't let the interviewer say "I don't know" by asking strange questions. Remember, the interviewer is human, and he won't answer questions you don't want to answer. Ask yourself these questions first. You can find fault with your own strengths and make him feel that you really have a lot of accumulation; You can also find his strong problems, make him fully proud and willing to share his experience with you.

6. Concluding remarks

Personally, I am used to actively summarizing the whole interview at the end of the interview, re-emphasizing my own advantages and enthusiasm for the company and work (be careful not to deceive myself and the interviewer).

(3) Work after the interview

1, thank you letter

Generally speaking, thank-you letters are sent by email the day after the interview. Its purpose is:

A. express gratitude;

B, deepen the interviewer's impression of you, with special emphasis on the advantages you have discussed yourself;

C. explain the outstanding dissatisfaction in the interview and put forward improvement ideas (this must be cautious, because the interviewer may not actually see that you have this shortcoming);

D, explain qualifications; Things that you didn't mention in the interview but are very important;

E. Re-emphasize your interest in the company and your confidence.

2. Summarize your interview process in time.

Before you forget the interview process, summarize the problems exposed in the interview in time and pay attention to avoid making the same mistake again in the next round.

Personally, although the interview preparation process of each investment bank is similar, if you interview more times, you will find that each investment bank has different feelings, and then you will find the cultural differences of each investment bank. If you are sensitive enough, I believe you can also find the firm you really like through such an interview. If you really like it, just tell the interviewer what you have learned, and he/she will be moved by you, hehe:)

Finally, it should be noted that winning or losing is a common occurrence for military strategists. It was after many failures that I slowly learned how to show myself effectively in the interview. The key is to pay attention to summing up.