Best Response

I found that Wikipedia's articles on securitization and structured finance aren't bad. A friend who landed a big 4 structured finance internship prepped with those. Satyajit Das' book Traders, Guns and Money is a pretty interesting read if you want to skim the surface of derivatives and pick up a few bits of interesting conversation.

My experience with structured finance interviews has been that they do not expect you to understand the most technical aspects of structured finance (assuming you have not declared yourself an expert in any way). For example, I would be shocked if anyone handed you a pen tomorrow and asked you to diagram a CDO.

I think you will be at an advantage if you read about some of the historic structured finance deals. Examples: the Dunkin Donuts whole business securitization and the Hertz fleet securitization.

Also, have a very good answer to the question "why structured products?"

 

I'm assuming your superday is for an internship -- is it?

Are you a finance major or have you listed anything on your resume that implies strong financial skills?

Does the bank in question consider structured products to fall under capital markets or IBD? (This may sound like a dumb question, I only want to start this dialog because I noticed that GS/MS/LB describe structured products as distictly cap markets whereas ML describes it closer to IBD and my friend was asked Repeatedly by one of these firms if he was sure that he wanted SP over IBD. The interviewers wanted to be sure that SP was not a second choice to IBD)

 

Good luck with your interview tomorrow. I've never interviewed with an accounting firm before. I know that Big 4 internships are hard to come by. But I definitely don't think you're screwed if you're still asking questions now.

 

Maxime qui ipsum recusandae et odit aperiam. Et qui rerum rerum tenetur. Voluptas numquam maxime modi laboriosam enim facere autem. Qui eaque veniam rerum nisi ad non. Omnis vitae quis accusamus commodi assumenda. Sapiente molestias saepe repellat et.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Goldman Sachs 18 98.3%
  • Harris Williams & Co. New 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”