Lehman Brothers - Insight to type of questions
I have a Lehman Brothers superday coming up, and was wondering if anyone could provide some insight as to the types of questions they like to ask. I'm an economics major who has taken a few finance and accounting courses, and go to a top 30 university. Also, is the person who did your "fit" interview, the one is likely to be your advocate in the hiring process, or is that only the case if they're an alumni from your school or something? Thanks for your help.
The Lehman interview is all about the "Core Competencies." You will interview with 3-5 people for ~25 minutes each. Each one will score you based on these competencies. To answer your question, the person who conducted your fit interview will NOT be one of these people. Anecdotes and examples are key here.
You probably shouldn't expect to get grilled on technical matters. However, I recall that Lehman likes to ask questions that tie into whether you understand the business model of the group in question. For example: "Given what you know about the current state of the economy, give me an example of a situation that would be beneficial to X product/service specifically?" They also love to extoll the virtues of "One Firm" culture.
I've seen this process firsthand, so this isn't just hearsay.
A student from my alma mater just went through this process with Lehman (SA, IBD), and got the offer. Questions about subprime and it's effect on the overal markets, LBO modeling, Fed monetary policy, and DCF. Finance major from a non-target, though.
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