Capital Markets Interviews

Very recently had a capital markets superday for a GS/MS/JPM and got offer. I’m no capital markets expert but here are my tips:

1. Know the markets inside and out.

I wasn’t interviewing for a specific group (assuming you aren’t too) so be prepared to answer questions like: what is the fed doing right now, what is the situation with interest rates. how are the (equity/debt/high-yield) markets performing. Where is the (major indices) trading and where do you see it trading in one year?

1. Understand the business to an extent.

The most important questions are more of the “Why Capital Markets” questions, so your tell me about yourself should intertwine your capital markets interests, and show them you understand how that bank in particular operates their capital markets division (BBs should be similar from my understanding, but there are factors that are important to note, ex. JPM capital markets is strong because they can leverage their balance sheet, MS and GS are strong because they have incredible deal flow from their super strong IB divisions. Think of things like: does the division run lean? are they more of an equity shop or a debt shop, or maybe they are well known for something else?). Additionally understand how capital markets communicate with both IBD and S&T. Lastly make sure you know a deal their capital markets team did just in case (wasn’t asked but be safe).

Hope this helps, good luck!