Spring Week TI

Based on the most helpful WSO content, here's what you need to know for a telephone interview for a Spring Insight position at a Bulge Bracket (BB) bank in London:

1. Interview Rounds:

   • Typically, you will have between 2-4 rounds of interviews, which may include a first telephone interview, possibly a second, an Assessment Center, and maybe a follow-up round after the Assessment Center.

2. Types of Questions:

   • Fit and Behavioral Questions: Be prepared to discuss your resume, motivations, and fit for the role. Nail down your 5-10 stories that you can use for any behavioral question.
   • Technical Questions: While BB interviews tend to focus more on behavioral questions, you should still be prepared for basic technical questions. These may include:
     • Accounting
     • Discounted Cash Flow (DCF)
     • Comparable Company Analysis (Comps)
     • Basic understanding of Leveraged Buyouts (LBOs)
     • Basic understanding of Merger Models

3. Preparation Tips:

   • Technical Guides: Study the BIWS 400 questions and the Rosenbaum & Pearl book. These resources are heavily used and will cover most of the technical questions you might encounter.
   • Excel Skills: If you want to prep with a bit of Excel, consider using resources like Macabus or Multiple Expansion.

4. Motivational Questions:

   • These questions are consistent and do not change much. Use the STAR method (Situation, Task, Action, Result) to structure your answers and have pre-existing frameworks or stories ready.

5. General Advice:

   • Be over-prepared technically, as the easiest way to get dinged is if you aren't technically sound.
   • Ensure your CV is well-formatted and follows the WSO format.

By focusing on these areas, you will be well-prepared for your telephone interview and subsequent rounds. Good luck!

Sources: What to Focus on in London BB and EB Summer Internship Applications?, 20 Most Frequently Asked Questions - London Edition, 20 Most Frequently Asked Questions - London Edition, https://www.wallstreetoasis.com/forum/investment-banking/non-target-to-bb-ib-sa?customgpt=1, Barclays Internship Recruitment Process - Business Insight Assessment - Video Interview