IB Phone Interview Summer Analyst Internship

Hey Everyone,

I come from a non-target school and through networking I have been able to secure an IB phone interview for a big bank. I obviously want to be prepared to the full extent and I am not sure what types of questions they will be asking. Anyone know what types of questions they focus on in phone interviews? Or what types of things should I have prepared or things I should stay away from? Any information would be helpful. Thanks

8 Comments
 

Probably a weed out type call, so make sure you can talk about yourself in a polished and concise manner. Prepare for the standard behavioral/fit interview questions. Prepare for some technical questions too; have an opinion on the markets. Honestly with phone interviews, anything is fair game. But the benefit of this is that you can have a computer screen and tons of notes in front of you to help you answer whatever you may be asked (don't use this as a crutch, and definitely don't let the interviewer hear you typing away). Just know your shit.

 

Congratulations! I would be prepared for the some more common technicals that can be derived from your story. Like if you say you've built a DCF before then expect to have to explain it. In addition, I would say know your behaviorial and have well thought out answers. In addition, know why bank X, why investment banking, and why city X (especially if it isn't NYC).

On another note - are you sure this is a true phone interview and not an informational? I don't really know of any processes that are already doing interviews.

 
Best Response

Generally speaking, you can expect about 60/40 in terms of fit to technical. If it's SA, you're unlikely to need to know much on merger and LBO models unless you find yourself with an interview at one of the top three firms or at an elite boutique. Almost everything else–especially accounting–is fair game.

Good follow-up questions cater to your interviewer and either his/her job or background. Don't ask cookie cutter questions about culture, and try to cater current event related questions to things that the bank you're interviewing at has worked on recently.

 

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