had my private banking super day, a little thrown off by last interview.
so I had a superday with a BB for Private Banking and I thought I did very well and nailed every question in the coffin, even though it was not as technical as I expected it to be..
The last interview the guy mainly focused on what my views were in this field and why I wanted to choose the firm I interviewed for. he also asked if I applied to any other firm and I responded and he went on to explain how the two firms were so different and how the firm I was interviewing for was a lot different, almost to the point where he thought I wanted to be with the other firm! I just got a weird vibe from him because he also kept asking if I had looked into maybe some other divisions within the bank considering how I was very interested in financial analysis (although I kept stressing that I was very interested in both client management through my great networking and outgoing personality and financial analysis). in a way I just felt a bit off even though all the questions I answered regarding why I agreed with this firms strategy was on target.
do you think he kept poking around other things to see if i stuck with my guns about being interested in this position? in which I did, because I kept saying how I was interested in this over other things.
little confusing, sorry, any input?
I had the same experience with my interview for a different division. I had 5 interviews and nailed them all, but the last one (who was one of two people making the ultimate decisions) stressed how the firms culture was very different from other firms and much more conservative. I don't know if he dinged me, but the other 4 people liked me so I got it. From my experience sometimes people are serious about the way they talk like that and don't like you and sometimes they just want you to be informed about the culture of the bank so that you can make the right decision. I know from a student standpoint that its the bank giving "us" the shot, but in reality it is a two way street where they really like you and they want "you" to choose them. Overall, if you did as well as you say you did in all the other interviews, I think you should be ok.
thank-you very much for that response, definitely makes a lot of sense. he also was not even in the actual work of the PB, he was the learning & development VP for the division. the interview I had with someone that worked within the actual PB went amazing.
Was this JPM? Did you hear back yet?
no it was not and no.
Did they give you a timeframe about when you would hear back? I was thinking that it would be the 3-day standard if good news (similar to what IB kids have said on here) but they may be a bit more laid back.
I'm in a similar boat, waiting to hear back after a very positive interview-- I kind of screwed up one question, but it was with the alumni connect, and he said that everybody else missed it too.
Good luck, and let me know what happens.
just curious, which question did you miss?
Well, they told me since it is so late in the semester it will be a quick process so we will be knowing early this week.
Its really stupid actually. He asked what's the complete process for valuing a stock. I felt like a total idiot because its such an easy question. I started off well, top-down macro perspective, then industry/sector analysis, but then fumbled on the next parts.
I could have prepared another 10 hours for interviews and wouldn't have gone over something as simple as stock valuation-- I was fully prepared to talk about macro issues, such as how interest rates affect stocks and all kinds of global mess, but I bombed the stock question. Hoping the alum will give a break there. I was well practiced on all the behavioral questions as well as the global macro/ current event questions.
Unfortunately, he couldn't give me an exact answer on what the follow-up time frame was, so that was a little weird.
hmmm.....thats interesting, but wouldnt a bottom up strategy work just as well too? such as using a fundamental valuation approach with free cash flow, dcf, etc.?
But I wouldn't worry too much, it seems as if you had a very good idea. and also in private banking since you're dealing with such HNWC individual stock analysis is an unusual thing from what I have heard, so I do not think they will take that to heart as long as you were in the immediate ball park.
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