DCM interview coming up
I have a DCM interview coming up.
Any advice regarding what questions/topics I should ready to answer and speak about.
Any good podcast/YT channels that will help me prep?
Any advice on how I can stand out in the interview would also be greatly appreciated.
REIB?
DCM IB
Interviewed for a DCM SA role earlier this year. Here are the key questions/topics I got and prepped for:
• Tell me about yourself
• Why this firm?
• Why DCM / Capital Markets?
• A deal this firm has recently worked on
• What monetary policy tools can the Fed use, and how do they affect the market?
• What macroeconomic factors influence Fed decisions?
• Your opinion on what’s next for the Fed and interest rates
• Yield curve — explain what it means when it’s:
– Upward sloping
– Downward sloping (inverted)
– Flat
• Where do you think the market will be in 3 / 6 / 12 months?
• Current rate percentages on the 2,5,10 year note
• Opinion on the 10-year Treasury yield and current rate environment
• How higher/lower rates impact issuance activity (corporates vs. financials)
• The current DCM environment — primary vs. secondary market trends
• Example of a company you think might tap the bond market soon and why
• How DCM interacts with other coverage and product groups
They also threw in some market-based situational questions like how I’d advise a client considering fixed vs. floating issuance given the current rate outlook.
Best of luck — you got this!
Hey that’s super helpful appreciate it! Just wanted to follow up on this - did u had any model technical questions or just the market stuff?
Just that, no modeling related questions. And then they asked generic finance related questions about statement analysis, etc.
Also curious
Which firm?
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