RBC ER associate interview
Hey guys, looking for guidance on what to expect out of this first round phone interview I have with RBC. Is there anything specific I want to focus on? Any questions I should be prepared for? Thanks
Not exactly sure about RBC. Is the first one with hiring manager? I would prepare 1. stock pitch 2. Macroeconomic condition that you are interested 3. Why ER. Also, I would put a huge emphasis on explaining that you are detail oriented and intellectual curious with solid examples
I dont believe its with an analyst or associate, rather a recruiter. I figured it would be entirely behavioral, but those are solid points
you absolutely cannot go into these without having a stock pitch ready. doesn't really matter what sector tbh. it also depends if you are talking with HR, associate, or the analyst him/herself. Be able to talk about newsflow in the sector you are interviewing for also.
Okay thats really helpful, how in depth should the pitch be? fundamentals & unit economics of the business? and/or on a valuation side of things
this is all you need. Needs to be short, pointed, and clear. Keeping it short will allow you to follow up on any questions that the interviewer asks. Stay with this template, it was given to me by a start S&T at GS and one that my boss currently uses. Tell them what you're going to tell them. Tell them. and Tell them what you told them. 60-90 seconds. under 2 mins as much as possible
1 minute
Key Components
Name and description
Learn everything about company
Products
How they make money
Income statements
*Fundamental Story*
Catalyst
Reason why stock is going to go up
Valuation
Care about for comparison
With its competitors
Know the risks of the company
What happens if?... Oil goes up? Down?
Other Notes:
*Start with a company with sound fundamentals
Thesis should not be that it's undervalued
If everything is great, but the price is right, why buy it?
Sorry for the messy notes. I took these years ago and cant be bothered to update them right now
The TLDR version is Why is this a good business, and what is it worth.
Good looks Brotha! Appreciate it
My first round with Rbc was with their internal recruiter. He mostly asks to walk through your resume, why RBC and why you’re right for that particular role. The actual hard stuff comes when you talk to the actual analyst on the desk.
Define hard, I haven't interviewed with an analyst yet so I am not sure what to expect
They will tackle you on your stock pitch and ask did you think about this risk that you did not mention and how would that risk mitigated ?
Also give you an example company and ask what metrics (name few) that you would put on report and why
Did you get a modeling test?
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