tell me about the markets seems to be one of the questions asked most frequently in S&T, how do you answer this question without getting called out? since the interviewer clearly knows more than you. this questions has been asked several times here at WSO but i can't seem to find better advice than "stay confident, not cocky."
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State one view that you are very comfortable with, have several market activities to back it up, then be proactive in stating the conflicting views so you get to control the conversation and set the frame of sandbox. I find this strategy is the best approach through my experience.
thanks for the tips, i really appreciate it.
Urgent - interview question about the markets (Originally Posted: 01/12/2016)
How would you answer this question:
How are the markets currently doing? Please explain your answer from a Macro and Micro perspective. Also, what is the yield curve looking like?
I know for a fact, I'm going to get asked the above mentioned question at my interview this week and would really appreciate any of your answers.
I would recommend that you start watching Bloomberg/cnbc and read the journal. You should know this stuff, or you should at least care to know.
If you're reasonably well informed - these answers will roll off the tongue and won't be canned responses.
Yield Curve https://www.treasury.gov/resource-center/data-chart-center/interest-rat…
Market questions during IB SA interviews (Originally Posted: 01/09/2011)
How many of you have received questions regarding the market, latest deals, etc. during your IB SA interviews?
I'm assuming they're more common during superdays, but I could be wrong. Any input would be appreciated.
it is more common in in person and superday type interviews...from what ive heard a lot of times they will ask you to actually comment on a recent deal as well as just knowing the deals
This is definitely common for interviews, ESPECIALLY in Super Days. Have an opinion on the market and its direction. Maybe give a commentary on a particular indicator, such as a prediction that the S&P, though currently at 1270, will test August 2008 highs in the 1300-1315 range. Your opinion is based on blah, blah, blah. Or, a recent deal I have been following developments on is the potential acquisition of Progress Energy by Duke. This deal would make Duke the largest utility in the US. Progress is currently valued by Duke at $13.1B.
These are both merely examples of things you could say. In interviews it is always best to try to take a question 3 levels deep (i.e. demonstrating to the interviewer that you can define the concept correctly, that you can define key terms in your explanation, and that you can provide an original example that shows the concept in the appropriate context) as opposed to simply providing a basic response.
By taking the question 3 levels deep you will be showing, rather than telling your interviewers that you understand the concept. Think about high school English class and how your teachers always used to give you the annoying shtick about "showing not telling," or basically use analogies, similies, and metaphors to convey your thoughts to the reader. Answering an interview question is no different-- articulate a concise, well thought out answer that conveys your depth of understanding in a fresh way, and the interviewer will see your value as a potential new hire.
Hope that helps...
The standard stuff I had prepared (and that often came up) was:
Projections, recent history and current level for:
Also deal history:
Worked very well for me. PM me if you want useful info websites.
afroman23
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