As of Friday, interns are either leaving Wall Street, or finding out they have their dream offer.
If you're in the former camp – you didn't get an offer — it's okay. There's still hope. Step away from the ledge.
You can still head to interviews and find a place for yourself, but you need to be prepared. That's why we put together these Wall Street interview questions for you.
We surveyed some current analysts about the classic and ridiculous questions they were asked when applying to the Wall Street internship that got them to their current position.
Don't take the standard questions for granted. Something as simple as, "what is investment banking?" can back you into a corner if you don't stay cool and confident. (Note: if you get that one, explain i-banking is a service that provides advice to clients on capital raising and M&A).
As for the ridiculous questions — just get ready for anything. We'll keep sending them out to you as we find them.
How would you fight a bear?
This is an example of an absurd situational questions, here's your shot to be a problem solver.
Source: Investment banking analyst
Answer: Climb on its back and grab it by the neck so its paws can't reach you.
Baye's theorem, see below...
One asset management analyst gives us this question:
1) We are playing Russian roulette, with a standard 6-chamber revolver. I put two bullets in adjacent chambers, spin, point the gun at my head, and pull the trigger. Click. I'm still alive. It's now your turn, and I hand the gun to you, and give you two choices.
Would you rather, assuming you want to live,
a) Re-spin, aim at your own head and pull the trigger.
b) Do not spin, aim at your own head, and pull the trigger.
Why?
Source: Investment management analyst
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