BMO Phone Interview: types of questions asked? - What kind of questions should I expect?

How much do you know dcf, lbo, and comp models?

I just completed the Wallstreet prep course. I do not have much knowledge about it however, I just looked at the slides and completed the exam

Damn! They answered fast! The application has only been available since the 7th! When did you apply exactly?

I applied on the 7th

this isnt the s&t position. Its different, its for the financial modelling and analysis analyst position for the internship program they have this summer

are you in Canada?

yes

expect a mini case study type of question. for example given this type of company how would you structure a deal. answer would be very high level no more than 5 minutes.

the interview was 28 minutes long, just basic question; why investment banking, why bmo, then some behaviour questions. No technical questions, just asked me how good I am with bloomberg and excel

Did you make it to the 2nd round?

Did you make it to the 2nd round?

they told me two weeks after jan 13. probably find out this week if i got to the next round

2nd round details for BMO went out last night.

how do you know? Were u emailed or u checked ur application on bmo?

It would be very rare based on your experience and the fact that it is an initial 20 minute interview for them to spend much time if any on technical questions. I would be shocked if they asked anything technical actually. Expect mostly fit questions and a free flowing discussion about your background, interests, and future goals.

I shouldnt expect brain teasers right?

It'll most likely be an alum that will ask for your story and decide to recommend you up. Work on your story and reasons for pursuing this internship / banking / etc.

its actually a "Recruitment Specialist" who will be interviewing me.

Expect the same deal though, I'm surprised it's not an Alum. I went through several phone interviews before a Superday there, and most of the early ones were with Alums. Given your experience, just make sure you know why you want to go into finance / banking / why BMO / Current events.

what exactly about current events? what type of current events :S

http://blogs.wsj.com/deals/2013/01/09/bmo-no-let-up-in-resource-related…

thanks!

I just applied to this program today as well! When did you apply and how did they contact you about the interview?

i applied jan 7th and was contacted jan 8 in around 11am

Did they email or call you?

email

Thanks!

Interviewed for the same thing last year - the interviewer was actually from an outsourced HR company in Toronto she only asked a few fit questions (and I'm guessing she typed out the answers to send them to BMO), and asked me to rate my excel/word/powerpoint skills on a scale of 1-10

What did you say for the rating your skills with excel/word/powerpoint. And does they ask you to elaborate why u think you rate that.

Also what did she ask you for 20 minutes :S??

How many rounds were there after the phone interview? You get the job?

Nice, Thanks so much man! What was your reasoning for the why DCF question? Also, did you interview at their offices or on campus?

On campus -- that was not my interviewer, h/w, I think it is good point (the DCF comment).

Note: I am still a student so verify this first

Regarding the DCF question: One way to look at it would be that a DCF -- assuming you use a multiple (instead of perpetuity) for the terminal value -- assumes a sale in ~5 years. As such the cash flows before you sell have value and should be included in the valuation. Also a DCF is just another way to look at the company;, maybe it will give you a more favorable valuation than another method.

What is the salary + typical bonus at BMO? I hear it's above the street, is this correct?

.

Just had the phone interview and it was 100% fit. Asked questions about my resume, role on deals at internship, strengths that would make me successful in IB, etc etc.

Wanted to let anyone know who might be having a first round coming up.