Fellow Monkeys,
After a first round interview at a top IB, the banker told me that they need me to complete an in-house assessment test thing to test my modelling abilities/skills (will take 3-4 hours he said). It may be that they give me financial statements, and I have to use DCF to project future cash flows or something like that? What do you think it will probably be? Need your help ASAP please and thanks.
ALSO, what is the best ib interview guide out there?
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What about the wall street oasis ib interview guide right here: http://www.wallstreetoasis.com/guide/investment-banking-interview-prep-…?
obviously I'm biased to say we have the best guide out there. What ours gives is a quick overview of 95% of what you will likely get in an ib interview...that being said, we are in the process of working on a more extensive version of the Technical Interview Guide that will blow all of the competition out of the water... the Behavioral Interview guide and Tech Interview Guide is the best preparation out there (if you don't want to spend more $ for a mock interview with a Wall Street Mentor: //www.wallstreetoasis.com/wall-street-mentors-finance-mock-interviews)
Different from other guides, we also give you sample answers...this is especially valuable in the Behavioral Guide (which we just released a new and improved version)
Good luck! Patrick
It was all I used during my interviews and I felt it prepared me well for every interview I had.
by the sounds of it you're in for a tough ride. "use DCF to project future cash flows or something like that?" have you any idea what DCF is? if you do, you'd realise how stupid this sounds. moreover, this sound rather unusual for entry level. lateral, fine, but entry, odd.
How often do BB/MM make you take a excel test. If your lateral then you should know Excel and if your an entry level candidate they can't possibly expect you to know Excel. Either way I see it as a waste of time.
you're definitely in for a rough ride...
but i was once in your shoes, so there is still hope. like others mentioned, breaking into wall street is a great place to really prep for interviews. the site has one of the best interview guides as part of one of the modules.
i'd also recommend pearl and Rosenbaum's Investment Banking book - helps fill all the conceptual gaps that an interview guide definitely will not.
good luck to you.
Patrick,
any idea when approximately the new technical guide will come out?
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