Equity Sales Interview
Anonymous interview candidate in Los Angeles
Interviewed:
January
2023
Date Submitted:
Mar 26, 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
I applied for an equity sales position at Wedbush Securities after finding the job posting on their website. I submitted my resume and cover letter, ensuring that they highlighted my relevant experience, education, and skills. A few weeks later, I received an email from a recruiter inviting me for a phone screening.
During the phone screening, the recruiter asked me about my background, interest in the position, and why I wanted to work at Wedbush Securities. The call lasted about 20 minutes, and I felt it went well. A few days later, I was invited to participate in a video interview.
The interview covered both behavioral and technical questions. They asked me about my previous work experience, my understanding of equity sales, and how I would handle specific client scenarios. They also tested my knowledge of financial markets, products, and key industry trends.
During the phone screening, the recruiter asked me about my background, interest in the position, and why I wanted to work at Wedbush Securities. The call lasted about 20 minutes, and I felt it went well. A few days later, I was invited to participate in a video interview.
The interview covered both behavioral and technical questions. They asked me about my previous work experience, my understanding of equity sales, and how I would handle specific client scenarios. They also tested my knowledge of financial markets, products, and key industry trends.
Interview Questions
Unexpected client scenario: One of the interviewers presented a hypothetical situation in which a major client expressed dissatisfaction with the research provided by the firm and threatened to switch to a competitor. They asked how I would handle the situation to retain the client. This question was challenging because it required me to think quickly and demonstrate my problem-solving skills, client relationship management, and understanding of the research process.
Deep technical question: In the video interview, I was asked a more in-depth technical question about the valuation of a particular equity using different methodologies, such as discounted cash flow and multiples analysis. This question was difficult because it required me to have a thorough understanding of the valuation techniques and be able to articulate the pros and cons of each method.
Discussing a failure: During the in-person interview, one of the team members asked me to talk about a time when I failed to achieve a goal or meet a deadline and how I handled the situation. This question was challenging because it required me to be candid about my shortcomings while also demonstrating my resilience and ability to learn from my mistakes.
Industry trend analysis: One of the unexpected questions involved analyzing a recent trend in the financial markets or the equity sales industry and discussing its potential implications for Wedbush Securities. This question tested my knowledge of the industry and my ability to think critically about how external factors could impact the firm's business.
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