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April 30, 2024
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just had the final round and then got dinged....know expected value...prob.statistics stuff really well if this is for markets
What position is it for and which office?
This is for investment banking in the NYC office. I know RBC is primarily an MM bank, but I know they plan to move into the realm of the BBs in the next several years in the US. They went on a hiring frenzy at the beginning of the year, but haven't heard much since. Any advice is appreciated. Thanks
mdk what school are you from
I know they are pretty active in the sf office. did a couple decent sized tech deals recently.
they are trying to be in the BB realm but it's going to be REALLY hard considering they really don't attract big shots ( unless they pull a jef move and poahed the healthcare team from UBS...)
every bank that isn't a bb has a goal to be a bb. It is definitely still a MM.
Mdk, Is it a general analyst position or specific group? First year? That'll have some influence on the types of questions.
This is for a 1st year analyst position. No group was mentioned so I'm assuming first year analysts enter as generalists.
@boutiquebank4life: There aren't many MM banks in the US with a foreign arm large enough that can finance hiring sprees. And there are many MM banks in the US that have been in business in decades yet stick to the same line of middle market business.
depending on your background, I'd just be prepared to walk through your resume. Do you have a background in banking?
MDK, It depends by school and major. if your liberal arts major, be prepared to answer some awesome brain teasers
No I dont have background in banking. I spent this past summer doing operations at an investment bank. Im an econ and philosophy major. I have only taken one finance course so far, but I'm prepared for the technical questions.
I got this question on the phone, I was not asked to join them for superday.
A stock is trading at 10x earnings, with 2% dividend yield; P/E goes up to 12x and earnings go up 10%, what was your return?
BBA Answer is 5.2 bro ( assuming the dy on the former price). If it was over the phone, you should've just had your chinese friend do the math for you.
Lol, you're a bright one.
Just trying to help man.
BBA, Your are right on spot my phone interview with RBC was the most intense phone interview I have had, It was all technical, the interviewer asked me for several formulas
This is how you work it out:
First, choose a stock price, say 100
So P=100, therefore E=10
E goes up by 10% so E=11,
B/C P/E goes up to 12x, P=11*12=132
Plus the dividend (132*.02)=2.64
Gross=134.64
Return 134.64/100-1=.3464
Also, you could say you got the dividend at 100 instead of 132, so it works out to 36% even
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