Capital Markets Intern interview advice
I recently had a final round interview to a leading IB corporate finance team (i.e M&A and IPO team) in my region and narrowly missed the spot. However, they asked if I'd be interested in their capital markets internship (mainly DCM) and I said sure. They're basically looking for interns for the following three teams:
- Debt Capital Markets helps corporates, banks and sovereigns to raise debt capital from international markets. As an intern, you will have an opportunity to work with investment bankers in client and project teams
- Markets Equities is responsible for sales, trading and research in Equities, Exchange Traded Derivatives and ETFs. As an intern, you would be working mainly with our Equities Research team on projects and helping analysts on their daily work 3.** Client Advisory** provides tailored product neutral strategic financial advisory to the largest corporates and institutions. Our goal is to enhance strategic dialogue with our core customers and ultimately to create new business opportunities for the bank. As an intern, you will have an opportunity to work with investment bankers in various interesting client projects.
I'm not sure if the idea is that you try each one out as it is a bit longer internship. So my questions is which one of these teams would be most useful when considering exit opportunities so to speak?
Any advice on interview prep would be appreciated as well. I know there will be a member of each of those teams present and have 4 days to prep. I've done few IB corporate finance interviews so fairly prepared in that regard. However, I am clueless when it comes to capital markets. Probably should look at bonds, exchange rates, gdp growth etc.?
1stthingsfirst, have you checked out these or run a search:
More suggestions...
Fingers crossed that one of those helps you.
Interview for Capital Markets internship. What to know? (Originally Posted: 02/02/2018)
I have an interview with JLL/CBRE/C&W for a internship with their capital markets group. Does anyone know of what topics may come up in the interview,or what I should brush up on?
Also a very low cut beard is this a yes or no? Thanks guys
which market
Dallas!!
What team in capital markets
Not 100% sure if I understand your question correctly but I think it is in office & industrial
They might ask you things like where do you think we are in the market, what markets do you like or not like, what asset classes do you like etc. It's an internship though so it might not even get to that. They probably will test you on some basic real estate concepts like seeing if you understand cap rates, debt yields, LTV, giving you some basic assumptions and seeing if you can calculate a property value on the fly etc.
Thanks Broseph. Could you see a modeling test?
Shave your beard. Clean cut. It’ll most likely be ok to grow it back once you accept an offer but don’t walk into an interview with it.
And wear a solid white shirt. Solid light blue is acceptable if you don’t have a white one. Black shoes and belt. No patterns or brown leather in interviews. Sorry if this sounds condescending but if you’re asking about a beard I figured I would cover all the bases. You’re getting into real estate in Texas, man.
if they dont directly ask you questions on the market or any technical questions, I think its worth sneaking in a few points without feeling the need to elaborate too much. (Fed raising rates in 2018 multiple times (cost of borrowing increases, Current stage in cycle (pre recession or strong 2018?, yellen being replaced, etc...) just to show that you are interested and follow the market or will start to follow the market more closely.
What to expect for Capital Markets internship interview? (Originally Posted: 03/03/2018)
Hey guys,
I have a capital markets internship interview with a large Canadian IB for their UK office. I am in my penultimate year of an undergraduate economics course, for reference. Usually, I have been prepapring for S&T interviews so my awareness of what goes on in capital markets is limited. The the HR rep told me that there is no DCM in the internship and that the role sits under 'Capital Markets Origination'.
Just wondering what sort of technical questions to expect. Thanks.
Hi DRFT65, yes, I'm a bot, but I'm also good looking. Hopefully, these threads help you:
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I hope those threads give you a bit more insight.
PNC Capital Markets Summer Analyst 1st Round Interview (Originally Posted: 01/23/2018)
I recently was invited to a 30 minute OCI with PNC Bank for their C&IB Capital Markets Internship program. Does anyone have experience with their interview process? It seems like it won't be technical heavy -- but if so what are some potential questions?
I was a SA at PNC last summer, given in Asset Management. My superday was 8 interviews with a few technicals in each interview. If you're interviewing for Pittsburgh, cultural fit will be very important and will carry more weight than most technical questions. I'm not familiar with what questions you'd be asked for Capital Markets, so I don't know what to prep for, but any guides you can find online will be more than sufficient. You won't get grilled as you would elsewhere. PNC likes to think of themselves as very different from other banks in terms of values, work-life balance, and culture, and I think those are important things to know before your interview.
RBS IBD Capital Markets SA Interview (Originally Posted: 02/01/2014)
Guys,
Just wondering if anyone had any info on what the first round is like? It's a 30 minute phone interview.
Thanks in advance
hey, did you check out the WSO Company Database?
Sure did Patrick, just was wondering if anyone had any more insight into the interview. Thanks!
Nvm if you've already gone thru 1st rounds. 1st round was pretty technical - calculating EBITDA and EV questions, questions on what you know about RBS - firm CEO, share price, recent transacs, etc. Second/final round consisted of 5 interviews back-to-back, mostly technical, 2 brain teasers, used MS excel to figure out income statement line items, other EV/Multiples questions, accounting questions, behavioral questions, and what I love about tech M&A (any recent deals I've been following), etc.
Positioning for Capital Markets Summer '18 Internship? (Originally Posted: 04/22/2017)
I'm currently a junior (Dec '18 grad) and I want to set myself for a good capital markets internship next summer.
I'm a RE finance major at a good non-target (great alumni connections, though) and I'll be interning at a development company in Dallas as an acquisitions and development analyst this summer.
The plan is to get another internship under my belt in the fall and either land the cap markets internship in the spring and roll into the summer, or beef up the resume with another internship in the spring before I can land the cap markets gig. The endgame is to land at a REPE w/in a few years of graduating.
I'd love to hear the paths that other monkeys took to break into capital markets/REPE. Also very interested to hear the stories of other monkeys who were looking to break into a REPE but found something else that they loved along the way and changed course.
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