IB analyst struggling with pod interviews?
Struggling with pod interviews as a banking analyst. Can someone advise who came from a banking background what were your struggles and what you did to get over it?
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it helps if we know what sector youre interviewing for
industrials background open to industrials seats or TMT (prior experience there as well)
interested
it also helps if we know what your struggles are
Case studies, trying to drill down to the most important drivers for a business model that will tilt EPS for a revenue build. Sometimes it’s the verbal pitch and backing into numbers in variant perception or being able to justify it based on limited alt data.
drilling down most important drivers is just math - playing with sensitivity in excel on your assumptions on each of the following variables can help indicate what matters most. what drives revenue? most businesses are some form of pxq. what are the costs? labour, materials, logistics. subtract one from the other and you get eps. the downstream question is what is going on in the company/industry/world today that will impact the price or quantity of the goods sold, or the cost paid on labour/material/logistics. if you have a different view on any of those variables versus consensus you have a thesis.
verbal is just communication - that comes with practice. goal is to send the message "here's an idea that can make you money" not "look how much research i did i found this news article or this tweet or this document" ie., don't list info - cut to the chase.
the excel exercise will help as you'll only focus on what's important. ie., no one cares if eps misses 5% this q on an amortization of goodwill if guidance is raised for next year because of macro. that earnings report will be a net positive and the stock will be higher. so your q'ly number may have been correct but you missed the forest for the trees and you would have lost money.
also - you don't need alt data to make a thesis. alt data is just higher frequency data that reflects itself in quarterly earnings. don't need it to take a view.
Q — what is considered a “strong case” for pods. Did the 4 hour ones and did the whole 3S, sidecar analysis, etc and still got dinged.
Wondering if someone could paint what a strong candidate looks like w/ this.
What is sidecar analysis ?
As a first step, should stop interviewing for gay FIG seats that ask you to do “sidecar analysis”
Really depends on the PM, but a few things most will focus on, please feel free to add as this is not meant to be an exhaustive list :
was this for millennium?
A really good resource I recently came across is exit-alpha.com
I always felt like the HF pod processes were less structured than PE but that platform gave some pretty good insights into it
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