DB FIC 1st round

Based on previous WSO threads, first-round interviews can vary significantly depending on the division and the specific role. Here are some insights from different interview experiences:

1. Behavioral Questions:

   • Many first-round interviews, especially for roles like Investment Banking, tend to focus on behavioral questions. Examples include:
     • "Tell me about a time when you had to explain complicated things to someone with little knowledge."
     • "Tell me about a time when you worked towards an important deadline."
     • "Talk about a time when you solved a problem and had to incorporate a diverse set of perspectives in the solution."

2. Technical Questions:

   • Some interviews do include technical questions, especially for roles that require specific financial knowledge. Examples include:
     • "Walk me through a DCF."
     • Questions about WACC or PiK interest.

3. Mixed Interviews:

   • It's also common to encounter a mix of both behavioral and technical questions. For example:
     • "Why UBS? What differentiates UBS?" (Behavioral)
     • "How do you keep up with current industry?" (Behavioral)
     • "What's the role of IT in a global bank?" (Technical)

4. Specific Examples:

   • For JP Morgan CIB Risk, the first round included a mix of behavioral questions, current market data, and a stock pitch.
   • For lateral hires at firms like JPM Coverage (TMT/FIG), the first round included a mix of behavioral and technical questions.

Given the variability, it's best to prepare for both types of questions. Review your deal experience, general industry trends, and be ready to discuss both technical concepts and behavioral scenarios.

Sources: UBS SONRU First Round Video Interview, The 24 Interview Lessons I Learned on the Way to Getting My First Full Time Job, JP Morgan CIB Risk First Round Interview, Lateral Hires - What were your interviews like?, J.P. Morgan 2019 IBD Video Interview