BMO Phone Interview: types of questions asked? - What kind of questions should I expect?
Hi
I applied for the "BMO Student Internship Program - financial modelling & Analysis Stream" in Canada for summer, and I have a 20 minutes phone interview this Thursday. I am a first year economics major at target school. What kind of questions should I expect.
How much will be fit, behavior, and technical questions.
How technical do the questions get? How much would they ask me on dcf, lbo, comp models?
Thanks for the help!
First off, don't double/triple post. Seriously. Not fucking cool.
You're a first year. You haven't learned anything useful yet. Most questions will be fit.
sorry :P
BMO Phone Interview - How many technical questions (Originally Posted: 01/09/2013)
Hi
I applied for the "BMO Student Internship Program - financial modelling & Analysis Stream" in Canada for summer, and I have a 20 minutes phone interview this Thursday. I am a first year economics major at target school. What kind of questions should I expect.
How much will be fit, behavior, and technical questions. How technical do the questions get? How much would they ask me on dcf, lbo, comp models?
Thanks for the help!
How much do you know dcf, lbo, and comp models?
I just completed the Wallstreet prep course. I do not have much knowledge about it however, I just looked at the slides and completed the exam
Damn! They answered fast! The application has only been available since the 7th! When did you apply exactly?
I applied on the 7th
this isnt the s&t position. Its different, its for the financial modelling and analysis analyst position for the internship program they have this summer
BMO Phone Interview - How much types of different questions (Originally Posted: 01/09/2013)
Hi
I applied for the "BMO Student Internship Program - financial modelling & Analysis Stream" for summer, and I have a 20 minutes phone interview this Thursday. I am a first year economics major at target school. What kind of questions should I expect.
How much will be fit, behavior, and technical questions. How technical do the questions get? How much would they ask me on dcf, lbo, comp models?
Thanks for the help!
are you in Canada?
yes
expect a mini case study type of question. for example given this type of company how would you structure a deal. answer would be very high level no more than 5 minutes.
the interview was 28 minutes long, just basic question; why investment banking, why bmo, then some behaviour questions. No technical questions, just asked me how good I am with bloomberg and excel
Did you make it to the 2nd round?
Did you make it to the 2nd round?
they told me two weeks after jan 13. probably find out this week if i got to the next round
2nd round details for BMO went out last night.
how do you know? Were u emailed or u checked ur application on bmo?
BMO Phone Interview - First year economics major (Originally Posted: 01/09/2013)
Hi
I applied for the "BMO Student Internship Program - financial modelling & Analysis Stream" in Canada for summer, and I have a 20 minutes phone interview this Thursday. I am a first year economics major at target school. What kind of questions should I expect.
How much will be fit, behavior, and technical questions. How technical do the questions get? How much would they ask me on dcf, lbo, comp models?
Thanks for the help!
It would be very rare based on your experience and the fact that it is an initial 20 minute interview for them to spend much time if any on technical questions. I would be shocked if they asked anything technical actually. Expect mostly fit questions and a free flowing discussion about your background, interests, and future goals.
I shouldnt expect brain teasers right?
It'll most likely be an alum that will ask for your story and decide to recommend you up. Work on your story and reasons for pursuing this internship / banking / etc.
its actually a "Recruitment Specialist" who will be interviewing me.
Expect the same deal though, I'm surprised it's not an Alum. I went through several phone interviews before a Superday there, and most of the early ones were with Alums. Given your experience, just make sure you know why you want to go into finance / banking / why BMO / Current events.
what exactly about current events? what type of current events :S
http://blogs.wsj.com/deals/2013/01/09/bmo-no-let-up-in-resource-related…
thanks!
I just applied to this program today as well! When did you apply and how did they contact you about the interview?
i applied jan 7th and was contacted jan 8 in around 11am
Did they email or call you?
email
Thanks!
Interviewed for the same thing last year - the interviewer was actually from an outsourced HR company in Toronto she only asked a few fit questions (and I'm guessing she typed out the answers to send them to BMO), and asked me to rate my excel/word/powerpoint skills on a scale of 1-10
What did you say for the rating your skills with excel/word/powerpoint. And does they ask you to elaborate why u think you rate that.
Also what did she ask you for 20 minutes :S??
How many rounds were there after the phone interview? You get the job?
BMO phone interview - First round interview (Originally Posted: 09/21/2010)
I was wondering if anybody had experience with first round phone interviews for BMO in their IBD. This is for FT obviously and I will be prepared for both technical and fit questions, but I am just curious if anybody here has any first hand experience. Thanks in advance.
Sure, I just interviewed with them today. It was in person -- we had two MDs running the interviews. One was the head of FIG and the other was with the Media and Business Services Group (weird mix). From my understanding the FIG guy was all technicals. He was asking a question about how dividends run through the statements as well as about terminal values and the point of a DCF when 80% of the final value is attributable to the terminal value. My guy was a mix between fit and technicals. For fit: why banking, are you sure you want to live in NY or Chicago (I go to a southern school), etc. Know your resume. For technicals: valuation methods being able to list which one will give you a higher valuation and why. He asked me how to calculate free cash flow. Everything was straight down the middle, nothing out of the ordinary. Hope this helps.
Nice, Thanks so much man! What was your reasoning for the why DCF question? Also, did you interview at their offices or on campus?
On campus -- that was not my interviewer, h/w, I think it is good point (the DCF comment).
Note: I am still a student so verify this first
Regarding the DCF question: One way to look at it would be that a DCF -- assuming you use a multiple (instead of perpetuity) for the terminal value -- assumes a sale in ~5 years. As such the cash flows before you sell have value and should be included in the valuation. Also a DCF is just another way to look at the company;, maybe it will give you a more favorable valuation than another method.
What is the salary + typical bonus at BMO? I hear it's above the street, is this correct?
.
Just had the phone interview and it was 100% fit. Asked questions about my resume, role on deals at internship, strengths that would make me successful in IB, etc etc.
Wanted to let anyone know who might be having a first round coming up.
BMO CM (Chicago) phone interview (Originally Posted: 02/14/2013)
I have an upcoming interview with BMO CM for a SA IBD position. I was just curious if anyone has any tips for me. How technical vs fit based will the interview be? Any information will be greatly appreciated. (I have two interviews, both with Associates)
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