FIG CB interview preparation

Hi all,

Recently managed to land a final round interview for a large Canadian balance sheet bank in their FIG CB group. I have an insurance background and understand the life/p&c/reinsurance verticals quite well. However, I do not have a great understanding of other FIG verticals. Wondering if any monkeys had any insight into the other verticals or have any resources I should check out, particularly from the credit perspective, given the CB role. 
 

thanks!

Region
2 Comments
 

Based on the most helpful WSO content, here’s what you need to know for preparing for a FIG CB (Commercial Banking) interview:

  1. Understand FIG Verticals: Beyond insurance, FIG includes:

    • Banks: Focus on their balance sheet-driven business model, key metrics like net interest margin, loan-to-deposit ratio, and capital adequacy ratios.
    • Asset Managers: Understand AUM (Assets Under Management), fee structures, and performance metrics.
    • Specialty Finance: Includes credit card companies, mortgage REITs, and student loan providers. Key metrics include loan performance and securitization.
    • Financial Technology (FinTech): Valued more on EBITDA than balance sheet metrics. Focus on growth, user acquisition, and transaction volumes.
  2. Credit Perspective:

    • Be ready to discuss credit risk analysis, including assessing financial statements, cash flow, and debt repayment capacity.
    • Familiarize yourself with credit agreements, covenants, and risk mitigation strategies.
    • Understand how FIG companies differ in credit risk due to their reliance on balance sheet assets to generate revenue.
  3. Resources to Check:

  4. Interview Prep Tips:

    • Be prepared to discuss your insurance background and how it translates to understanding other FIG verticals.
    • Highlight your ability to analyze balance sheet-driven businesses and your familiarity with credit risk.
    • Practice behavioral questions to demonstrate your fit for the CB role and your ability to work with FIG clients.

Good luck with your interview! If you need more specific insights, feel free to ask.

Sources: CIB Credit Risk J.P. Morgan, Working in FIG (Financial Institutions Group) - An Overview., Why Should I Work in FIG Investment Banking?, Working in FIG (Financial Institutions Group) - An Overview., Walk me through the Canadian IB sector

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Aspernatur voluptas deserunt voluptas deleniti amet soluta ab. Ipsum est rerum ut voluptas laboriosam minus. Est voluptatum omnis saepe asperiores rem magnam praesentium. Id voluptatem ut alias omnis velit eum. Aut suscipit ratione nihil et unde dolorem. Laborum exercitationem dolor amet expedita non nesciunt voluptates. Voluptatibus sunt error nihil.

Sint hic qui illo explicabo est vero. Voluptates iure aut in eum quae.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Goldman Sachs 02 97.4%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”