Shit! Partner from Boston bank calls me in for in-person to "meet the partners." I'm in Philly!

aempirei's picture
Rank: Senior Gorilla | 777

Monkeys and men,

Shit I am half excited half shitting my pants. I've been grinding for the past 2-3 months trying to break into investment banking looking at mostly MMs and boutiques.

I found one in Boston that has a lot of my college alumni working there as partners. I had my phone interview on Wednesday and I just got the e-mail today that they want to bring me in on Tuesday or Thursday of next week for an in-person interview. They know I work full-time so I gotta show the commitment that I can make this happen.

Obviously I can't do Tuesday but what should I do here? I'm gonna go Thursday but don't wanna embarrass myself. They know I don't have IBD internships/background but I answered the easy phone technicals correctly.

I just got the BIWS guide. Do I just study this non-stop between now and Thursday and hope for the best? This is what I want right? I was grinding so hard to get this far and now I'm like scared to fail or something.

Ahhhh! Words of encouragement would be nice.

john

Comments (14)

Nov 4, 2011

Everyone is scared to fail. That's normal.
Get excited!!! You have a great opportunity here that will be a great learning experience either way!
You can either knock their socks off or find out what will and wont knock their socks off for the next interview!!
Good Luck man....We are all rooting for you.
Make sure you follow up with us with any updates!

Nov 4, 2011
Angelus99:

Everyone is scared to fail. That's normal.
Get excited!!! You have a great opportunity here that will be a great learning experience either way!
You can either knock their socks off or find out what will and wont knock their socks off for the next interview!!
Good Luck man....We are all rooting for you.
Make sure you follow up with us with any updates!

Pretty much what he said man

Good luck, and i notice you went to Bentley, the Bentley alum network is heavy around the Boston area.

Nov 4, 2011

Congrats, fantastic opportunity. Just to chip in with the BIWS question - I'd recommend powering through it before Thursday. You definitely wouldn't have to go through all the content, and he even provides specific videos on walking through possible interview questions.

Nov 4, 2011

Definitely grind through that guide and practice your answers aloud so you don't sound like you memorized a book.

How big is the bank? What do you do now?

Good luck!!!

Nov 4, 2011

Catalog your past experiences and memorize the details of each situation. Think about the strengths you displayed in each circumstance. Tell each story out loud a few times. Also think about who are as a person. What are your core values/principals? Why?

Doing this will help you tackle most "fit" questions that come your way. Also try to make your answers emphasize your core values without being overly explicit.

Great Opportunity, Good Luck!

PS: No no caffeine the hour before the interview. Sounds like you'll have plenty of adrenaline pumping lol.

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Nov 5, 2011

Just be confident and in the end look the interviewer in the eye and say " I can do this"

Nov 5, 2011

Thank you for the responses all. I'll try to respond to each of ya.

Asatar:

Congrats, fantastic opportunity. Just to chip in with the BIWS question - I'd recommend powering through it before Thursday. You definitely wouldn't have to go through all the content, and he even provides specific videos on walking through possible interview questions.

Yah the goal is to go over all of the behavioral fit questions and most of the technical questions. Then I'll probably watch a couple of the videos to get a better idea of how to interact during the interview.

okay24:

Definitely grind through that guide and practice your answers aloud so you don't sound like you memorized a book.

How big is the bank? What do you do now?

Good luck!!!

The bank is the epitome of small boutique. Probably about 20-25 staff total. I believe there is only 1 other analyst and 1 other associate. Would this change any of your guys' minds? Red flag? Perhaps the deal exposure will be better but I won't have that "camaraderie" of being able to go out and grab a couple beers with other analysts and let off some steam.

I work in Investor Relations right now which is pretty much BS.

My name is Nicky, but you can call me Dre.

Nov 5, 2011

Thank you for the responses all. I'll try to respond to each of ya.

Asatar:

Congrats, fantastic opportunity. Just to chip in with the BIWS question - I'd recommend powering through it before Thursday. You definitely wouldn't have to go through all the content, and he even provides specific videos on walking through possible interview questions.

Yah the goal is to go over all of the behavioral fit questions and most of the technical questions. Then I'll probably watch a couple of the videos to get a better idea of how to interact during the interview.

okay24:

Definitely grind through that guide and practice your answers aloud so you don't sound like you memorized a book.

How big is the bank? What do you do now?

Good luck!!!

The bank is the epitome of small boutique. Probably about 20-25 staff total. I believe there is only 1 other analyst and 1 other associate. Would this change any of your guys' minds? Red flag? Perhaps the deal exposure will be better but I won't have that "camaraderie" of being able to go out and grab a couple beers with other analysts and let off some steam.

I work in Investor Relations right now which is pretty much BS.

My name is Nicky, but you can call me Dre.

Nov 5, 2011
aempirei:

I've been grinding for the past 2-3 months trying to break into investment banking looking at mostly MMs and boutiques.

What does this even mean? If this didn't entail prepping for interviews, I don't understand how you could've been "grinding for the past 2-3 months".

Enough of my cynicism. You don't have many options but to study the BIWS guide at this point. Good luck.

Nov 6, 2011
Plastic Cup Boys:
aempirei:

I've been grinding for the past 2-3 months trying to break into investment banking looking at mostly MMs and boutiques.

What does this even mean? If this didn't entail prepping for interviews, I don't understand how you could've been "grinding for the past 2-3 months".

Enough of my cynicism. You don't have many options but to study the BIWS guide at this point. Good luck.

It means working full time, studying for the CFA full time and using the few spare hours I have a week to network with analysts/directors and network my way into a banking position from a non-traditional background with no IBD internships.

My name is Nicky, but you can call me Dre.

Nov 7, 2011

Congrats man. Glad to hear you are making some headways.

Here is my recent experience with a small boutique firm, which hopefully you can take something away from. 1st round was mostly fit questions + some basic technicals. I met with a senior analyst and VP for ~45min each. 2nd round was actually an Excel test. Built a CF statement from a BS and IS for a large public company. Also had to do a quick and dirty DCF. Definitely didn't nail the latter but had most of the principles down (they were aware I have no modeling experience). They also had me edit a Powerpoint for mistakes, although I doubt this is typical (the whole interview process at a small shop like this is very atypical, to be honest). I was told I would hear about a 3rd round this week.

For preparation I used BIWS- read the interview guide and did the accounting fundamentals portion of the intro modeling course. It was an amazing resource and helped a ton. Do your homework on the firm and be able to ask a question or two relevant to their recent transactions. If they are focused on a specific sector/industry, do your research there as well.

Best of luck and don't be nervous. It sounds like you are/will be well prepared for the technical aspects. The most important thing is to build some sort of rapport with interviewers.

Nov 7, 2011

Thanks Duff! Glad to hear you have been making progress as well. So would you say the Intro to Modeling course was worth it? Was that the "Excel & Modeling Fundamentals" course for $197? I may hold off on that for now until I actually get the job.

I was speaking with an alum that just did a SA stint there. He said it was a great experience and that he learned a ton but it was pretty much all on-the-job training and there was only 1 other full-time analyst there and 1 associate so he felt pretty lost sometimes and couldn't really ask the MDs/partners questions as they were busy with their own work. I wonder if this position would lack a certain level of camaraderie without there being other analysts to share in the experience with?

Regardless, I think it would be great experience and worst case scenario I could always lateral out after a year or two. From the people I have spoken with though, they are all very nice and understand separating work from your personal life. If they take a chance on me, I would also want to display a certain level of loyalty to them, but without other people my age it may be a bit difficult.

Is this more or less the culture of a boutique? Minimal analysts, running lean but getting pretty solid deal exposure? Their website looks like an average of 4-6 tombstones per year.

My name is Nicky, but you can call me Dre.

Nov 7, 2011
aempirei:

Thanks Duff! Glad to hear you have been making progress as well. So would you say the Intro to Modeling course was worth it? Was that the "Excel & Modeling Fundamentals" course for $197? I may hold off on that for now until I actually get the job.

That's the one I was referring to, but the interview guide would probably also be sufficient if you feel comfortable already. Just make sure to have some idea of how to work the various models.

Sounds like this is a very similar opportunity to what I am pursuing.

Nov 9, 2011
Comment

My name is Nicky, but you can call me Dre.