How to Ace Your Phone Interview in 7 Simple Steps

My first phone interview was a magnificent disaster.

I fumbled my own bloody name, couldn't go through my work experience without mixing up words, and I forgot the name of who I was speaking to. Basically, I was ripped to shreds. At the first round, over a phone, by HR.

As interviewing is really one of the most important skills you need for job hunting, I've gotten quite a lot better at interviews since then. One day I'll tell you about the time where I had to face 10 interviewers all at once...

Monday @Mentions April 13, 2015

Happy Monday WSO!

Upcoming events:
Mon, April 13th, 7pm et, Recruiting for IB out of an MSF Degree
Tue, April 14th, 830pm et, Week in the life of a Fund Analyst at a Large Asset Management Firm
Wed April 15TH, 8pm et, CFA - is it right for you?

Post of the Week:

The 48 Laws of Power by @Deconstructing Excellence. 7 SB's. Thanks for the post!

Discussion Topic of the Week:

Interview Science: Slow Talkers Don't Get Hired by @mikesswimn. 14 comments and counting.

Comment of the Week:

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Startup-on-resume question

If you were actively involved in launching a company but then served more so in an advisoy/LP format after a couple years and took another role, how would you go about representing that youre still involved in the co and also make sure you dont give off the impression that the company folded? keep the date going 'til current'? Friends of mine said they thought the company died when they saw that I put an end date to it

Numerical Reasoning Screening

When you do the numerical reasoning online test, do the banks take into account your CV in order to go into the next round or they just reject the ones who didn't make it to score at their bare minimum?

I'm very interested in the way they proceed with this step.


Candidate A: very good CV and did very well on the test

Candidate B: very good CV and did well on the test

Candidate C: good CV and did very well on the test

Candidate D: good CV and did well on the test

REVEALED! Wall Street CEO Facebook Convo

Mod Note (Andy): Throwback Thursday, this was originally posted 9/2012

WSO EXCLUSIVE: Titans of Wall Street caught in candid conversation on Facebook! Read on below and after the break:

The 48 Laws of Power

This is the next book summary from See my other book summaries on WSO here, and if you find my summaries to be useful, sign up at the website to make sure you don't miss any.

In direct contrast to the compassion-oriented management books that dominate today’s business bestseller lists is The 48 Laws of Power, a Machiavellian treatise for the modern age. Part Prince, part Art of War, Robert Greene’s best seller boasts the unique distinction of being quoted by such management luminaries as Jay Z, UGK, Kanye West, and Drake, and even featured in tattoos sported by the likes of Calvin Harris and DJ Premier. (50 Cent liked the book so much he went on to co-author the sequel.) The 48 Laws of Power has enjoyed similar popularity in diverse walks of life, from Wall Street to Hollywood to D.C.

Leverage and success

What drives success? Everyone who succeeds credits something different for their success. Some credit hard work. Others credit being in the right place at the right time. Some credit parents, friends, a boss, a wife, the list goes on. The problem with success is that it's hard to duplicate. No two people live the same lives and no two situations are identical. I've always enjoyed studying failure because there are clear failure patterns. People fail in many of the same ways. Failure can be avoided and studied. Sometimes the absence of failure can results in success, but success is more complicated.

It's bothered me that there is no formula for success. Of course if there were a formula then everyone would follow it and the formula would stop working. As I've thought about successful individuals and successful businesses a pattern started to emerge, a recurrence of leverage. I've been thinking about this idea for a few months and I finally decided that sitting down and typing it out might help me finally solidify my thoughts.

About a year ago I wrote a post on scalable businesses and growth. Looking back at that post it was the first time I'd really thought about this idea of leverage.

Director - Real Estate Finance Risk - New York City

Login to Start Application

Boutique international bank seeks a senior VP to Director-level candidate to work on a small team charged with underwriting and managing all CMBS credit and equity real estate risk within their North America portfolio; the selected individual will be the subject-matter expert for CMBS transactions, but some CRE experience will be useful. Certainly originating and underwriting CMBS will be a mainstay of the candidate's background.

Start Date: 
Job Type: 
Recruiter Posted

M7 profile. How do I stack up?

I'm in the process of deciding whether I want to pursue an MBA in the near future.

Brief background:
- BAs in political economy and German studies from a non-target (4.0 GPA)
- MSc in political economy from LSE
- MSc in Russian and East European studies from Oxford
- 2 years at a think tank (think along the lines of RAND)
- currently in my third year of consulting in Europe
- fluent in German and Russian

What is the stupidest thing you have ever done?

In the wake of some recent events, I realized that I actually remember majority of the stupid things I have ever done and whenever something happens, all of them just come back to haunt me.

So, bros here could share some of their experiences, it would be great.

The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO

Thanks to my content intern @"Lucas_m" for another great compilation post. This one covers on campus recruiting, interviews, and converting SA internships into FT offers. Enjoy! -Andy

1. Acing the investment banking analyst interview
posted by @"frgna"

Wrapping up an interview
1. Before you ask us questions it’s nice to say “I’ve done lots of research on your firm and talked to a lot of people so I know your firm pretty well, so I really want to hear more about your own personal experiences here.”

2. Some good questions to ask your interviewers: 1) Tell me about a recent deal you’ve worked on that you liked. 2) What are the next steps from here? 3) How have you liked your experience here so far? Anything surprise you, good or bad? 4) Tell me about what you guys do for fun.

3. Some questions to avoid: 1) What are the hours like here? (get that info later from an insider that you know better) 2) Anything related to compensation 3) What are your plans after banking? (we can’t answer that and we’ll all say we’re planning on staying in the near term…duh…)

4. Don’t stand up until I stand up.

- 126 silver bananas

Dick Fuld to Speak in NYC in Late May

@DickFuld why hadn't you added this to our event calendar?

From WSJ:

Richard Fuld Jr., who was chief executive of Lehman Brothers Holdings Inc., has been largely out of the public eye since the firm collapsed in 2008. But that’s set to change next month.

The organizers of the 2015 Marcum MicroCap Conference said that Mr. Fuld will address conference attendees in his “first major public address since leaving Lehman Brothers in 2008,” the conference organizers said in a press release.

Mr. Fuld will discuss “the strategy employed by Lehman Brothers to become one of the world’s leading investment banks, aspects of the financial crisis, the current capital market environment, and the keys to success for today’s growth companies choosing to access the capital markets now,” the release said.