3 Comments
 
Best Response

This is just a general answer about the kinds of things you could inquire about and I would expect someone else to chime in with more detailed mathematical answers:

I would say it would be nice to know the context of your business--how world events and other domestic current events impact mortgage rates (e.g. quantitative easing); who the major players are in mortgage purchases and insurance and what their roles are (e.g. Fannie Mae, Freddie Mac, GNMA, FHA, VA); difference between explicit and implicit guarantees; fundamental differences between CMBS and MBS cash flows and assets; expected mortgage default rates (historically in the low single digits); typical life of an American mortgage prior to refinance or sale (7-10 years); whether or not MBS and Treasuries are connected in their movement (they aren't, by the way); basic bond pricing; knowledge of regulatory bodies (FHFA; Federal Reserve; states); basic knowledge of Dodd-Frank and the fundamental changes associated with it; knowledge of who typical mortgage investors are; etc. I would even be prepared to talk about the financial collapse and the history surrounding it.

The mortgage business has a breathtaking amoung of moving parts--really learning the context of your business will take years, but it's good to know some of the basics.

Array
 

Odio voluptatem et tempora delectus at rerum. Autem recusandae architecto non. Vero occaecati non quis sed sit iure. Atque molestiae eveniet dolorem id eaque explicabo est. Soluta est et et magnam facilis.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
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...”