Check out the WSO Guide tab if you want to brush up on your technicals.

I have found that most first rounds really depends on your interviewer. Some guys just want to shoot the shit, others really want to see if you know your technicals. But definitely know your resume, know why banking, and why Barclays.

NEVER lose your BlackBerry www.conveniencesoftware.com

 

..first round and then an offer.

know basics of valuation and financial statements/accounting.

have your fit/story down. if you're from an ivy league/super target, congratulations on your offer(s).

oh and make sure you know all recent events. be careful though, you just might get interviewed by some former LEH guys. they are traumatized and might put some of you through hell just for their enjoyment (quite sadistic, I know).

but yeah, this is no longer going to be some blue pinstripe suit wearing, british accent, super polite interview anymore. Barcap has some dope North American teams, they're the shit and they know it.

dress in a blue/navy/blue pinstripe suit. that's their dress code.

We're about to enter a Great Depression. Don't you want a president who's already dressed for it?

------------ I'm making it up as I go along.
 

It completely depends on your interviewer and your background. I have had everything from simple questions like "what are a few different methods of valuing a company" to slightly harder like walk me through a DCF or more difficult like options pricing or questions about an LBO valuation. It really depends, you just need to be prepared for everything. The Vault guide and the WSO tech guide (cheaper and simpler) provide a great sample of possible questions and answers.

NEVER lose your BlackBerry www.conveniencesoftware.com

 

Hi m47! Sorry to hear you didnt get the role. I have an interview for this on Thursday morning for the London office, would you have any tips on what they asked? I have an almost identical background to you, with the MSc. QF and trading experience

 

I'd take this as a blessing. In my experience, it's much easier to make it to superday through a phone screen than an on-campus 1st round.

With a phone screen, you can have your notes and resume in front of you, and it's easier to relax.

I'd be ready to answer any common technicals (e.g. "depreciation increases by $10m, how does this flow through the 3 statements") The WSO technical guide covers 95% of anything you will ever be asked.

 
Best Response

Everyone needs to realize that interviews vary INCREDIBLY from person to person, even within the same firm for the same position. One interviewer may just want to talk to you and shoot the shit, while another may want to sit there and grill you for 30 minutes on technical questions (since they probably went through the same thing in their interview process).

As I have said in previous posts, the WORST thing you can do is get someone who says "oh my Barclays interview was all fit, not a single technical question" which causes you to go out and prep for all the behavioral questions, completely ignoring even the basic technicals. Then, you get on the phone with an analyst who continuously asks you technical questions, which you are completely unprepared for.

With ibd interviews, you are going to get ALL kinds of questions, at every firm, in every division. While you in particular may not be expected to know the more advanced technical questions since you aren't from a finance program, you should surely know the basics, and if you know more, you will be that much more impressive. It shows you have done your homework, prepped, and worked hard. All things you need to have any chance at being successful in finance.

All that being said, get some guides, study up, and prepare for everything that could be thrown at you. Good luck.

 

Dude, why don't you just call a few of the bankers who will be interviewing you and ask them if they can send you a list of the specific questions you'll be asked. I mean, that is basically what you're asking for isn't it? All you can do is prepare for the standard tech/fit/behavioral's and then know the company and a few of their recent deals, etc. If you are reasonably smart, understand basic economic conditions/concepts and can hold a conversation, then you will be fine. IBD interviews aren't all that bad.

To sum up a good IBD interview prep strategy, then go: ibankingfaq.com --> WSO guide --> M&I

 

Almost all BB tech interviews have the same format.

"All right. Before you tell me about yourself, let's get straight down to business. Give me a recursive algorithm for counting the number of nodes in a tree. Good, good looks at paper. Now what did you do wrong? You didn't null check your pointer. (But I null check before I recurse). But that's not in the template answer I have in front of me, so it must be wrong. "

I can't speak specifically about Barc, but for any BB tech interview, expect probability questions Monty Hall is a perennial favorite of interviewers who don't think up new questions; you may get lucky and see that one coming.

Be ready to talk about order of complexity (Big-O runtimes) and data structures like linked-lists, trees, hash-maps, heaps, stacks, etc. Try not to sell your knowledge of any one language too heavily or they will start asking you questions about the semantics of the language.

 
jt8506:
My friend just got me a interview opportunity with Barclays' I-banking team for an entry-level position. I was wondering if I could get any advice on how to study for this interview? I've never had any investment banking experience, instead been focused on real estate. I have had a prior real estate private equity internship over the summer. It's a phone interview with an analyst from NYC.

was the real estate PE firm in Chicago?

 

No, in Philly. I just found out that the analyst position would be with their real estate group. I was wondering if you could provide any insight on what questions I would get?

 

Know your usual shit man. Be able to talk slowly, clearly, confidently on the phone. those are the main things. also know your behaviorals but dont memorize. since its over the phone, its usually more technical because they know u have the vault/wso/M&I guide in front of u. so know stuff like:

  1. if an asset goes up is it use or source
  2. if your g goes up what happens to terminal value

etc etc

more realistic stuff. know what happens when things change in equations.

goodluck.

-- "Those who say don't know, and those who know don't say."
 

know about the real estate market. know everything about it and figure out where it is going. whats happening with commercial, etc etc,.

as far as real estate dcf. pm me i will send you 2 real estate investment excel docs.

-- "Those who say don't know, and those who know don't say."
 

What to prepare? standard investment banking prep... go through your guides, know your technical fundamentals and how to structure your behavioral answers. It is possible to enter an accelerated process, are you from a non target?

It's doubtful that you're interviewing with someone from one office for another office, especially for BB.

 

I totally agree with this. Because it is an accelerated first round or "informational" interview, there would be no point for you to meet with a senior banker from one office to discuss your candidacy for another.

I faced this situation a handful of times back when I was recruiting for SA. From my experience, all of these early interviews (mid/late November) fell into one of two categories. First, they were clear with me that it was an accelerated first round which resulted in some premature recruiting before all the banks' superdays. Basically standard first round interviews with the typical "check the box" kind of technicals.

The other, and more common case, was that these "interviews" were really just informational meetings with a senior banker at a bank I had already developed solid networking connections with. No technicals, just like a half hour conversation discussing my background and interest followed by them talking about their group. These never resulted in me getting early SA offers, but they did position me well for the recruiting process (I.e. Secured interviews for first round and superday).

As DCBro mentioned, feel free to PM with any additional questions.

 

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