Best Response

I found that Wikipedia's articles on securitization and structured finance aren't bad. A friend who landed a big 4 structured finance internship prepped with those. Satyajit Das' book Traders, Guns and Money is a pretty interesting read if you want to skim the surface of derivatives and pick up a few bits of interesting conversation.

My experience with structured finance interviews has been that they do not expect you to understand the most technical aspects of structured finance (assuming you have not declared yourself an expert in any way). For example, I would be shocked if anyone handed you a pen tomorrow and asked you to diagram a CDO.

I think you will be at an advantage if you read about some of the historic structured finance deals. Examples: the Dunkin Donuts whole business securitization and the Hertz fleet securitization.

Also, have a very good answer to the question "why structured products?"

 

I'm assuming your superday is for an internship -- is it?

Are you a finance major or have you listed anything on your resume that implies strong financial skills?

Does the bank in question consider structured products to fall under capital markets or IBD? (This may sound like a dumb question, I only want to start this dialog because I noticed that GS/MS/LB describe structured products as distictly cap markets whereas ML describes it closer to IBD and my friend was asked Repeatedly by one of these firms if he was sure that he wanted SP over IBD. The interviewers wanted to be sure that SP was not a second choice to IBD)

 

Good luck with your interview tomorrow. I've never interviewed with an accounting firm before. I know that Big 4 internships are hard to come by. But I definitely don't think you're screwed if you're still asking questions now.

 

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