Help! Dinged. Bombing technicals... Is it too late for me?
Hey guys, so I'm in my junior year and until recently, decided to go into investment banking. I completely did not know how technical these interviews are until it was too late (non-finance major) and so I am now suffering the consequences. Unfortunately, this is biting me in the butt. So far, through extensive networking, I have managed to land two first round interviews at middle market banks and I got dinged after both phone screens. I believe it is because I am not solid on the technicals. Actually, not just not solid but flat out unprepared. While most people have been studying for months, I have been cramming Vault Guide to Finance Interviews and Breaking Into The Street 400 questions ever since I found out about how technical the interviews are. I'm really concerned that I'm not going to be able to master all of the technicals necessary and will unfortunately bomb out of all of the interviews. What am I going to do if I can't land a summer analyst internship? Should I be looking at MSF programs? I just feel like all hope is lost since I cannot for the life of me master these technicals in a quick enough time. It really stinks that I bombed those two phone screens too because I was lucky enough just to get them in the first place.
If you're applying for consulting roles then shouldn't you be prepping for cases?
Sorry I meant to say middle market banks not MBB I had no idea what was involved in the interview process until September. I honestly thought the questions would be mostly fit and brain teasersbut as I dug in I was wrong. I thought since I didn't major in finance, I wouldn't be asked technical finance questions and I was wrong on that again. There's no sense in crying over spilled milk. What is done is done. I have to move forward and make the best of whatever time I have left somehow. The problem is, I don't think I have enough time to master these technicals....
To answer your question, is it too late for me? No of course not!
You are still studying! Try to get an internship at a smaller boutique firm or within a BB in a different sector. Use this time to practice your technical skills. Don't give up.
MBB is consulting, not investment banking. The interviews for consulting and investment banking could not be further apart and unrelated. You may want to check out the consulting forum here.
Thanks for catching that. That's an obviously embarrassing sign of how new I still am to all of this. I know BB means the big banks and I meant to say middle market banks.
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