As internship recruiting season wraps up around college campuses, we decided to revisit the nerves and nightmares of the interview session.
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
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
Sell me my blackberry
This an example of a Pitch Question, it's your chance to show you're a good salesman
Source: S&T analyst
See the rest of the story at Business Insider
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See Also:
- Bankers: Here's Why You Should Pack Up Now And Move To Rio
- You've Got To Read The Stories In This New Report Detailing How A Wall Street Job Could Kill You
- Ouch: John Paulson Sold His Entire Stakes In Bank Of America And Citi in 2011, Missing The Early Year Surge