Why [firm] question for spring weeks
What's good monkeys, I'm an incoming undergrad at a uk target school and now I have time to prepare for london spring weeks. Just curious what is the optimal way of answering "why Firm?" questions? Based on what I'm gathering it would be good to talk about groups that the bank excel at such as GS TMT, Citi O&G, MS M&A etc. What other stuff can I talk about, and what makes the other BBs (bofa, barclays,ubs) and EBs stand out in your opinion? I also understand it would be good to know about a company's recent deals, but how in depth would I have to know them because most of the information I can gather only includes transaction size and type without relevant multiples whatsoever. And would it matter if I bring up a US deal while interviewing at the london office? Thanks
Oh and would it be wise to talk about the CS acquisition for UBS interviews?
Find their most recent sustainability report, if you’re Diversity mention some of their initiatives they have and ALWAYS mention numbers (percentages, people helped etc), If not diversity link it to some charitable initiatives they have done also mentioning numbers, say you heard person X from the firm speak and that that’s how you were introduced to the world of finance or something similar. This applies for the screening phase usually (hirevues).
They also like to ask about a recent news event featuring the company so keep that on hand. Most importantly of all, don’t come off as a hardo.
Good luck prospect
Source : I did multiple springs
First poster has some excellent suggestions. Remember banks get the joke that you're obviously applying everywhere, but still need to be able to sell yourself (in the same way that we sell thank bank's credentials when pitching for business, or we sell companies as a literal job).
I'd add that you can narrow the banks down by arguing between a fullservice investment bank (eg JPM) because you want product exposure, or a boutique because you want focus, etc. Obviously if you have a personal connection somehow mention that, but at the Spring Week stage I'd guess that's early for you.
Good luck
Not a recruiter, but did and converted multiple BB/EB springs this year.
I talked about areas the bank was strong at and why that interests me in addition to why I’m good in that area. As an easy example —> Roths great healthcare team —> Write about strength and deal $ etc —> I find healthcare interesting because I like xyz —> I’m good at healthcare because of my medical background (studying medicine).
Thanks for the tips, just wondering how you managed to search what each bank specialises in (for your case how did you know to focus on healthcare for roths)?
This is the hardest part. Some just come up frequently on this site (i.e GS TMT), others sometimes you have to refer to a league table
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