I'm an economics undergrad about to apply for graduate roles (UK BB ER). I've seen a lot about ER having a stock pitch interview, would this be common for someone coming straight out of university or does it apply only to experienced candidates?
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It's fair game, especially for buyside.
It applies to everyone.
I would expect to be asked for 1/2 stock pitches in an interview, especially at the latter stages of a process. They will be assessing your ability to deliver an idea concisely and defend your rationale.
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