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How technical can it be? As a first year analyst you will learn everything you need to know during training and in the first 2-3 months of your job. As long as you have some semblance of understanding of financial markets, financial statements, current macro events, etc. you will be fine.
Shit I interviewed at Goldman with a damn BA in psychology and never once did they ask me anything that I would consider technical. Its all about fit, culture, and work ethic.
thats y.. i should have gone to Harvard and should majored in flower designing to get in to easy banking interview.. lol
Goldman 2nd rounds are pretty parallel to all other BB. Make sure you know your resume. Though some interviewers will ask what could be considered "technincal" questions and some may ask riddles, chances are you will get little of each. As Junk said it is all about fit and work ethic.
Two things to remember: 1) Know simple technical things like (How are the three statements linked? What is a Free Cash Flow? What is a DCF? What are the three ways to value a company? 2) If you are given a riddle that you do not know just work through it. (No one knows how many golf balls fits in an airplane but think it through and ask intuitive quetions such as: Is it hollow? Are there seats? Are people in it? What kind of plane?)
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