Hi - I have an upcoming interview for a structuring position in equity derivatives. Can any practisioning structurer/trader/salesperson shed some light on some commonly asked questions?
Btw I'm from a quant background.
Many thanks for your help.
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Credit Structuring Interview at BB (Originally Posted: 09/01/2012)
Hi all,
I have an interview for an analyst position in credit structuring desk at BB. Just thought what time of interview question I should expect and some of the things I should brush up on.
(my info: non-target, math&finance major)
Thanks!
I really doubt there is anything on this site that would have interview questions or anything like that
Which BB?
Not so sure about structuring, but I know for a trading role I would recommend the following: Know how to walk through basic structured credit waterfalls; know the different underlyings for and basic differences between CLOs, CDOs, CMOs, and other ABS; read up on negative convexity; maybe read some history on the role of MBS and CDO markets in the 2008 credit crunch and subsequent financial crisis; do some research on the London Whale, specifically his positions in CDO tranches (for some added current events flair).
Also a key point in trading structured credit products is liquidity: every model across the street could price a tranche at 95, but, if the best bid for the past 2 months is 60, the desk has a problem.
BAML Structuring Interview (Originally Posted: 02/19/2015)
Hi guys, I get an internship interview (equity structure) with BAML London next week, it will be a one hour telephone interview, both competency and technical based. I checked the interviewer on the linkedin seems he is a MD....Anyone can give me some suggestions how to prepare for it? Many thanks!
given the length, it will probably a split between between market, behvioral, and technicals
From my SA interviewing experience this year, don't worry too much about technicals. Do know the basics like put call parity, inputs to Black Scholes and simple hedging strategies, but no one will expect you to structure a complex solution on the spot.
Make sure you give some thoughts to the behaviorals. Polish your story and have a few examples ready for situational questions. Best way to practice is to do mock interviews.
Finally, stay on top of your market knowledge. Read WSJ and Economist, have an idea of what's going on around the world. Since this is for UK, definitely be able to talk about Greece, UK economy vs Eurozone, etc... Also have an idea of where the indices and yields are at and their recent movements (FTSE 100, Gilts, becnhmark rate for UK)
Thanks for your info!
Structuring interview (Originally Posted: 10/01/2009)
Sup, I have an interview in Sales/Structuring coming up with BNP. I have a rough idea of what they do. How should I prefer? Especially any quant knowledge I might have forgotten.
i should mention this is in Fixed Income
Is this sales or structuring?
Expect highly technical maths/probability questions if you're on the structuring side. In short, I'd say make sure your technicals are sound (there really isn't a lot you can do here, admittedly - you have either got it or you don't).
All said and done, if you're stuck at a question, just don't quit - fill them in with what you can and show them your thinking process. I got by their interviews that way...
It's "Sales/Structuring." How much could they expect me to know coming out of undergrad?
Do you work there now?
They don't expect you to know an awful lot on the business per se, but you're expected to be familiar with the theory (which presumably you should have picked up in school - or maybe I had those questions because of my background) at the interviews. What I meant was, they probably aren't that particular and concerned about you getting all the technicals right (it's another matter if you got them all wrong!) if that's what you're asking.
I'm not working there now, although I got an offer from them for HK.
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