Is the BIWS 400 still enough?
I keep hearing people say two completely opposite things. Some say know the 400 and your fine others insist you need to sign up for modeling courses to pass the interview. Who's right???
I keep hearing people say two completely opposite things. Some say know the 400 and your fine others insist you need to sign up for modeling courses to pass the interview. Who's right???
Career Resources
My two cents:
I did an interview recently for an internship in BB and LMM.
The 400 questions are further from the real questions I was given.
I did an interview recently for a coverage group discussed in the BIWS 400 book. When I got to the interview, I had all the technicals ready to go. However, the actual technicals in the interview were so far deviated from the book's that I was lucky I revised on my own in the first place.
I haven't heard back yet as they said the AC was later next month but I was sure if I had just done the 400Q questions without prior independent review on the sector, I would have not answered a single question in the interview.
Really, you need to be flexible and broad with your approach with your interview prep. I was lucky because I had a training course from a different provider (think TTS / FinancialEdge) and all my answers were in there, which I had reviewed in time for the interview. The 400Q guide is a reasonable start but I certainly did not get a $10 depreciation question in any of my interviews, which sucked. Neither did I get any Qs on accounting, modelling etc. It was purely sector-specific with a "tell me about yourself" as per.
Okay so BIWS 400 to understand all the basics then do heavy prep on your specific sector? Any tips for Tech and Industrials?
Basically, yeah.
For tech and industrials, I'd definitely look into the modelling or products sold by each bank specifically to each client group.
Also, look at the specific firm in question and look at the deals they've done. They will most likely ask questions about it more so than you think (definitely in my experience at least, anyway).
Perfect!!! What about M&A groups??? Is that heavy on modeling in interviews?
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