IB Analyst 1 position at RBC

Based on the most helpful WSO content, here’s what you need to know about preparing for the second-round interview for the IB Analyst 1 position at RBC in London:

1. Case Study Type:

   • RBC interviews often include technical elements that require a solid understanding of valuation, M&A, or strategic recommendations. While the exact case study type isn't explicitly detailed, it's wise to prepare for a mix of these topics. Be ready to analyze financial data, perform valuations, and provide strategic insights.

2. Technical Depth:

   • RBC is known for asking technical questions that go beyond basic guides like BIWS. You should be comfortable with advanced financial concepts, market trends, and potentially presenting a stock pitch. Brush up on valuation techniques (DCF, comparables, precedent transactions) and ensure you can explain your reasoning clearly.

3. Focus During Presentation:

   • Interviewers at RBC tend to focus on how well you structure your presentation, your ability to communicate complex ideas simply, and your logical reasoning. They may also test your ability to defend your conclusions under questioning, so anticipate follow-up questions and prepare to justify your analysis.

4. Preparation Tips:

   • Market Knowledge: Stay updated on current market trends and news, as RBC values candidates who demonstrate a strong understanding of the financial landscape.
   • Behavioral Prep: The behavioral interviews are conversational, so focus on being authentic and not overly rehearsed. Be ready to discuss your resume in detail and connect your experiences to why you want to work in investment banking.
   • Practice Case Studies: Work through case studies involving valuation, M&A, and strategic recommendations. Time yourself to simulate the interview conditions and practice presenting your findings concisely.
   • Mock Presentations: Practice delivering presentations to friends or mentors to refine your communication skills and receive feedback.

Good luck with your interview—knock it out of the park!

Sources: 1st Yr Banking Analyst Open for Questions, Canadian IB Summer 2022 Analyst Thread, Expectations vs reality of being a first-year IB analyst, Canadian IB Summer 2022 Analyst Thread, Barclays Internship Recruitment Process - Business Insight Assessment - Video Interview