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Tag: Investment bank
Everything you need to know about Deutsche Bank’s Accelerate scholarship for candidates of black African, Caribbean or mixed black heritage
We spoke to Andre Flemmings from Rare, a diversity recruitment company which runs a scholarship programme in conjunction with Deutsche Bank to get more black students into banking. This is what Andre told us: What is the Accelerate Scholarship exactly? It’s a scholarship programme offered each year by Deutsche Bank to candidates from back African, Caribbean, [...]
An illuminating Q&A with an ex-Goldman Sachs quant from Russia, who warns: think before you go into banking
How do you get hired by Goldman Sachs? How do you get a transfer from Goldman Sachs’ Moscow to its London office? What gets you noticed during job interviews? An ex-Goldman employee who’s worked in Moscow and in London offers his advice – and a warning. Q: How did you get hired by Goldman? While [...]
GUEST COMMENT: There will be politics when you join a bank as a graduate or intern. This is how to work it
“Thanks for dropping in.” So the communal dogsbody (a rival intern) declares loudly as you leave while your VP is in earshot. It’s 11pm. Only 4 other people in the M&A team are still in the office and it’s your second week. You are ready to die from mind-numbing sleep deprivation. Unlike your competition, who [...]
Investment banks’ graduate interview questions – UPDATED
What will you be asked if you interview with an investment bank, either as a graduate or as an intern? We’ve updated our list of sample interview questions for you (the new entries have ‘NEW’ written alongside them). The list below has been sent to us by eFinancialCareers readers. We can’t totally verify the questions’ [...]
A very brief description of what it’s like to work in equity derivatives structuring in an investment bank
As part of its continuing series of conversations with people who once worked in banking, the Guardian has unearthed a former equity derivatives structurer. If you’re thinking of going into a graduate job in structuring, you may be interested in his bare bones description of the role, below: “Structuring is a bit like project management, [...]
GUEST COMMENT: These are the big differences between student interviews at investment banks in London and Paris
I am a French business student specializing in corporate finance. Having studied and interned on both sides of the Channel, I can say that there seem to be 4 main differences between the recruitment processes in the two countries. 1. Technical France vs. behavioural UK This is definitely the key difference. Over the past 2 [...]
What it’s like to work in sales at an investment bank
If you’re thinking of going into a graduate job in a sales position in an investment bank when you leave university, we advise you familiarize yourself with the very detailed account of the life of an investment banking saleswoman published in the Guardian today. Here are the salient points: 1.You will have to get up [...]
GUEST COMMENT: It’s time to get realistic and apply for the job in the back office
Let’s face it: banking has lost its shine. Under the searing heat of the sovereign debt crisis, bonus pools have become puddles and we are all at risk of redundancy. Throw in the constant banker-baiting in the press and it’s hard to see where the appeal lies. It’s curious therefore, that so many young people [...]
INTERVIEW QUESTION: Macquarie, internship IBD division
Question 1: Name me a company you would invest in and why. Answer: I told them about an energy company and explained why I liked it. Question 2: What are three ways of valuing a company? Answer: I talked about DCFs, p/e and comparable transactions. Question 3: What’s 456 x 3? Answer: 1,368 To return [...]
INTERVIEW QUESTIONS: Mitsubishi UFJ, fixed income trading, graduate position
QUESTION: What are the risks associated with owning a bond? ANSWER GIVEN: Interest rate risk, counterpart risk, liquidity risk. QUESTION: How do you hedge interest rate risk on a bond? ANSWER GIVEN: Enter into an interest rate swap, short treasuries if long bond. QUESTION: How does liquidity affect the bid-offer spread on a bond? ANSWER [...]
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