“Hardest” I’ve gotten (EB & MM) were
1. Two stock pitches w/ in-depth knowledge about industry, performance, forecast
2. Recent deal (follow-on/IPO): they wanted to know all the basics, plus every bank that worked on it, why good/bad investment, etc
3. Situational question(s) with what would be the best types of capital to raise
Overall, besides your standard 400 BIWS questions, mine mainly consisted of having an opinion on the market (current state/future projections) and ability to tie that opinion to different industries/sectors. PCM was more difficult than ECM interviews I will say. Hope it helps.
Product groups like ECM and DCM are a lot tougher than your typical IB interview. The test you conceptually to see if you understand the “whys” and “whens” you’d do something. Don’t expect it to be a cakewalk. Memorizing your 400 questions is not gonna help you succeeded in this interview.
You gotta understand the market, how certain macroeconomic factors can influence deal activity, when would a company choose to issue debt vs equity, but these are easier.
Just understand conceptuals, and the market. Expect them to test you subtly through a conversation based interview.
I found capital markets interviews to be a lot easier than normal IB interviews. But maybe that's because I'm actually interested in macroeconomics and absolutely terrible at accounting.
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“Hardest” I’ve gotten (EB & MM) were
1. Two stock pitches w/ in-depth knowledge about industry, performance, forecast
2. Recent deal (follow-on/IPO): they wanted to know all the basics, plus every bank that worked on it, why good/bad investment, etc
3. Situational question(s) with what would be the best types of capital to raise
Overall, besides your standard 400 BIWS questions, mine mainly consisted of having an opinion on the market (current state/future projections) and ability to tie that opinion to different industries/sectors. PCM was more difficult than ECM interviews I will say. Hope it helps.
was this for super day? I have a first round for ECM at EB on Monday and not sure what to prep
Product groups like ECM and DCM are a lot tougher than your typical IB interview. The test you conceptually to see if you understand the “whys” and “whens” you’d do something. Don’t expect it to be a cakewalk. Memorizing your 400 questions is not gonna help you succeeded in this interview.
You gotta understand the market, how certain macroeconomic factors can influence deal activity, when would a company choose to issue debt vs equity, but these are easier.
Just understand conceptuals, and the market. Expect them to test you subtly through a conversation based interview.
I found capital markets interviews to be a lot easier than normal IB interviews. But maybe that's because I'm actually interested in macroeconomics and absolutely terrible at accounting.
thank you both, what about a private placements team?
Do you mean Private Capital Markets?
yes, teams involved with equity private capital raises
Is this for RBC in Toronto?
no, for an EB in EU
Temporibus porro exercitationem rerum et autem debitis optio sint. Tempora numquam iusto sed et voluptatibus nihil quasi. Eum culpa eaque minus quia. Ut eos praesentium et repudiandae.
Aliquid vel aut sunt omnis sit laboriosam ad. Tenetur molestias minima at nihil qui. Consequuntur qui id aperiam eum officiis voluptatem et. Dolores quas impedit consequatur. Id eos impedit error iure. Ea iure officiis ut magnam. Ut impedit dolores doloremque aut atque dolorum qui.
In totam adipisci perspiciatis vitae non. Eligendi dolores illum aut minima libero alias. Veniam quaerat est voluptate reiciendis omnis impedit. Iure voluptates doloribus ab provident qui ipsam.
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