technical/computer skills for banking

I've realized that major banks like Goldman, Morgan Stanley, etc. require computer programming skills for finance related internships. For anyone out there with experience, what kind of computer programming or technical skills are needed? And are these kind of questions asked at the interview?

21 Comments
 
goblanExcel. VBA helps too.
just to clarify, the computer programming requirement does not mean programming languages i.e., c++, java, etc. right? unless you're applying for an engineering or an IT job i suppose?
 

You do have to know some of the basics. Pick a cheap textbook on introduction to finance, and read it.

Might sound corny, but it's so true: read everything you can. Just read through a finance book. Also, do yourself a favor and check out the endless supply of resources out there: ibankingfaq.com comes to mind. There are others. Start with the basics, like the Vault guides and ibankingfaq, and you'll see what kind of general things you should know.

 

It was fairly rare that I was asked any technical questions even for full-time hiring, but because you're an econ major, you may be asked questions about material you would have learned in your classes. In fact, out of a zillion interviews, I can remember the two (yes, two) technical questions I was asked. The first was "If I asked you a technical question, would you be able to answer it?" to which I responded "It's very unlikely," and he asked me some really easy question that I still blanked on. The second was essentially some sort of bond-valuation question with a twist. Based on your background, people asking you these things are just trying to see what you've read up on. As long as you don't go in there acting like you SHOULD know the answer to technical questions (like saying you took finance classes), chances are if anyone asks you them, they're just trying to see how you react under stress.

http://ibankinglife.blogspot.com

 

Don't know about the online stuff, but....

I'd recommend a basic book on accounting, and then the book "Valuation: Measuring and Managing the Value of Companies" by Copeland, Koller, and Murrin.

Classic text on the subject. I think it's around $80 (although someone who has recently purchased it will have more current pricing info--mine's about 4 years old).

You should build some solid Excel skills, too. Plenty of books on financial modeling with Excel out there.

 

The Copeland valuation book is a classic, however I've found that in every day practice there are other books that are equally, if not more valuable. Anybody in valuation, generally subscribes to works by these two authors as well:

Aswath Damodaran: - "Valuation: Measuring and Valuing the Value of Companies"

Pratt & Reilly: - "Valuing a Company"

 

If you can find anyone who's a first year analyst they'll have plenty of valuation booklets that they received on their training and don;t really use anymore. GS, Merril definately have good booklets that'll teach the essentials

 

TheAnalystExchange is a live class that you can take via the internet. For someone that has no background, it may be a better experience than reading out of a book. Plus they help you with interview practice, etc.

 

Commodi culpa voluptatem facere corrupti. Iusto reiciendis non et quidem hic quia qui. Quae qui sunt eligendi magni libero. Qui veniam quas amet nam quis id. Quas aut consequatur maxime nesciunt quo dicta ab provident.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”