Online assessment centres?

Based on the most helpful WSO content, online assessment centers (ACs) are not uncommon, especially post-pandemic, as many firms have adapted to virtual formats. However, the frequency of online ACs can vary significantly depending on the bank and their specific recruitment processes. Some banks, like Macquarie, have been noted for their quick turnaround in online assessments, reviewing videos and providing feedback within a week or two.

As for whether attending online puts you at a disadvantage, it largely depends on the structure of the AC and the bank's approach. While online formats can sometimes limit the ability to build rapport or showcase interpersonal skills as effectively as in-person interactions, many firms have optimized their virtual processes to ensure fairness. To maximize your chances:

1. Prepare thoroughly: Be ready for all types of questions—fit, behavioral, technical, and even brain teasers. For technical questions, ensure you have a solid understanding of accounting, DCF, comps, and LBOs, as these are commonly tested.

2. Test your tech setup: Ensure your internet connection, camera, and microphone are reliable to avoid any disruptions during the AC.

3. Engage actively: Make an effort to communicate clearly and confidently, as this can help compensate for the lack of physical presence.

Ultimately, while there might be slight differences in dynamics, attending an online AC should not inherently disadvantage you if you prepare well and approach it professionally.

Sources: The barbarians are at the gate! Of universities, moats and disruption!, 2020 London IBD SA/FT, IB Associate Recruiting Will Be Virtual (for Summer 2021), Bank of America Online Assessment Test and Application Process, 20 Most Frequently Asked Questions - London Edition