Citigroup - Non-target and non-finance major

IBD interview coming up in 2 weeks for summer analyst. Any advice? Non-target, non-finance/accounting major. I wasn't expecting to get an interview and haven't been preparing as insanely as I would have otherwise. Should I know technical information given my BG? Anyone been through it? Thanks a lot for any pointers.



 
Best Response

First off, congrats. Second off, yes, know the technicals. Pick up the vault guide, know DCF, WACC calculation, etc. DEFINITELY know the relationship between the 3 financial statements (know this INSIDE AND OUT). I had interviews where I needed to get VERY thorough and specific about the line items and how changes flow throughout the statements...and I am an Economics major myself.

Past that, know the company, knowing a couple of deals they have worked on (pick a few from a few groups that interest you) and don't just focus on M&A. Why not have an Industrials deal and a Healthcare deal to talk about? Maybe an M&A deal also. At the end of the day, you just want to show them that you're smart, know your shit and have a CLEAR interest in both IBanking and the deals Citi has worked on.

That is all from me.

 

thanks for the response. where can i grab the vault guide in the city? can i get this down in 2 weeks? any pointers? will it help if i currently have an internship that should develop a lot of these skills, though i may not have them up to par yet? should i mention that or simply get my shit down?

 

Vault Guide to Finance Interviews should be in ANY major bookstore in the city. Past that, I think if you go to Vault.com, you can purchase a PDF version online (it's the same thing, and in fact, maybe easier to use).

And yes, 2 weeks is more than enough time to prepare the technicals.

Just don't forget to prep yourself to talk through your resume, know your strengths and weaknesses (clearly make them not something like 'I'm bad at math') and all those soft skill questions. ie.) Examples of teamwork/leadership/etc. Vault Guide will have those types of questions too.

And of course, make sure you know exactly what IBD is and does and be able to explain that clearly and the differences between IBanking, S&T and Equity Research and why you prefer one over the other.

paulson_01:
thanks for the response. where can i grab the vault guide in the city? can i get this down in 2 weeks? any pointers? will it help if i currently have an internship that should develop a lot of these skills, though i may not have them up to par yet? should i mention that or simply get my shit down?
 

If I currently have experience in a small, small company regarding investment management, research, etc... how can I leverage this to an IB position? Is this a disadvantage?

 

It's clearly relevant financial work experience. Talk about your responsibilities. ie.) If you do modeling work, explain what you do and how you analyze companies (investments, whatever) to show you have an analytical mind. If you make presentations and shit, talk about that as well. All of this shows that you have applicable skills for banking. Bankers more or less build financial models and make presentations (ie. pitchbooks, CIMs, etc.) all day. Being able to properly build a complex financial model is very important. Also, keep in mind that if they are interviewing you, they clearly think you have the right skills for the job, you just need to interview well and seal the deal...so to speak.

Oh yeah, and to add one more thing, just remain calm and be yourself. I've interviewed with some people at Citi and they all seemed pretty cool and down to Earth, yeah thy might try and grill you and act aloof (this is all interview tactics), but they all seemed to genuinely want someone who they could get along with easily as well as work with. So just be yourself.

paulson_01:
If I currently have experience in a small, small company regarding investment management, research, etc... how can I leverage this to an IB position? Is this a disadvantage?
 

With regards to TheKing's post, I think fit is somewhat important, but when it comes down to it, you have to be able to sell your skills and how your skill-set is better than the other 30 people interviewing for your slot.

For example, instead of talking about how one of your hobbies is playing basketball, talk about how playing basketball has taught you lessons like sacrifice, discipline, etc etc.

One time you were on an IM team and you were down 20 points at the half. But you kept your head in the game and really focused and helped bring the team together. The game went down to the buzzer and the team eeked through with a win. This story shows teamwork, leadership, and bouncing back from a loss.

Point out skills that you can bring to the table as an analyst.

Again, know your technical stuff but you don't need to know a lot given your background. If you're an Art History major, make sure you know your art; the interviewer may very well have an interest in Greek statues.

I cannot emphasize enough the importance of tying your experience to particular skills.

 
Yeeah:
With regards to TheKing's post, I think fit is somewhat important, but when it comes down to it, you have to be able to sell your skills and how your skill-set is better than the other 30 people interviewing for your slot.

For example, instead of talking about how one of your hobbies is playing basketball, talk about how playing basketball has taught you lessons like sacrifice, discipline, etc etc.

One time you were on an IM team and you were down 20 points at the half. But you kept your head in the game and really focused and helped bring the team together. The game went down to the buzzer and the team eeked through with a win. This story shows teamwork, leadership, and bouncing back from a loss.

Point out skills that you can bring to the table as an analyst.

Again, know your technical stuff but you don't need to know a lot given your background. If you're an Art History major, make sure you know your art; the interviewer may very well have an interest in Greek statues.

I cannot emphasize enough the importance of tying your experience to particular skills.

Great post -- I agree with you 100%. It's equally important to have a sense of what traits/skills the "ideal analyst" would have -- everyone should have a sense of this before they go into the interview. And because the ability to succeed in this field really depends a lot on your personality and ability to work with others under intense pressure, some of the most relevant skills towards succeeding as an analyst are the "soft skills" you develop through your passion for and commitment to your extracurricular activities. The technical skills are easy enough to teach to someone who's reasonably smart, so that's why "softer skills" like mental discipline, perseverance, leadership, and attention to detail are so important. It's all about how you frame the things you learned from your experiences and being able to clearly articulate how you think your experiences in team sports, music, mountain climbing, volunteering in some third-world country, or whatever else you may have done outside the classroom can help you succeed as an analyst.

​* http://www.linkedin.com/in/numicareerconsulting
 

Good post by Yeeah (lol). He makes some very good points. Every relevant skill you speak of should have an example of how it is true. Ie.) I am a good financial modeler, I once built a DCF of a small manufacturing firm. Something like that.

Not being a sports guy wont hurt you, I've met people in the industry who werent sports nuts but did enjoy playing sports from time to time. Just make sure you have interests you can talk about and possibly use to show yourself as a leader or tie in to one of your skills. Yeeah is right in saying that, at the end ofthe day, you want to show them that you are better than the other candidates.

If you say a skill, have an example. If you have a strong interest, be ready to talk about it. Hell, they might even ask you to tell a joke (keep it clean, you can get them on the internet, www.joke.com or some shit if you dont have any clean ones). And just be yourself.

 

No, eheh. Don't sweat - it's for the SA for the junior/senior summer. Good luck to you.

Any more advice? Picked up the guides, I read the Ibank one and am about half way through the Finance interviews one. The DCF is a lot of information, so its harder but I'm grabbing it.

More advice is much, much appreciated.

 

it's not a $100- I got mine for about $60 or less if I remember correctly...

The problem with it's that you can't photocopy or copy and past it. It's also not moveable. You download it once to your laptop or desktop and it basically just stays there...

I hear it's really helpful though...if you really want this opportunity, it's definitely worth the money

 

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