Summer Analyst Q's
Do interviews for summer analyst positions typically involve numerous finance-related questions (DCF,EBITDA,the usual)? I thought this was pretty much a no brainer until I read Citigroup's website. In the section on investment banking internships, they have 2 former interns provide a little "diary" of their experience, from start to finish. One of the interns describes how she knew absolutely nothing about finance or accounting and was taken back by it all the first day. So this led me to believe one of two things; She either encountered no finance-related questions in the interview, and/or she was a strong applicant from a target school and it didn't matter.
Can anyone shed some light on this? Thanks in advance.
from what i've read they interview based on your resume...if you are a finance major you can bet your ass you are getting finance questions.
but if you are english major or something like that, you'll still get some minor finance questions but nothing serious.
aspiringmonkey is right..a lot of it depends on your major. if you are expected to have finance knowledge (not just from school, maybe a prior internship) then you will get asked on it.
a lot of the questioning is based on how you respond. if we like you, you will get softballs. if you are a cocky SOB you will get difficult tech questions (even if you know your shit).
Thanks mike. That's what I like to hear. Now if I can just get that interview....
Thanks to aspiringmonkey as well.
Just wanted to resurrect this post because I'm in a similar situation. I'm about to be a Junior Econ major at UCB and am thinking of trying for a summer analyst position at an Ibank. As an Econ major, how much will I have to know? I don't think I'm going to know much (probably close to nothing) about modeling, DCFs, financial statement analysis, valuation, etc. Will they immediately boot me out?
If you have finance coursework down, or a IB internship in previous years, they'll draw upon those experiences to see what you actually remember/learned.
Possible to get into IBanking with an econ degree but no finance internships or coursework?
Only from target schools and even then, without internships- very difficult
So if I'm a math major but I've taken a class in Options & Futures, should I leave that out of the resume to make the interview easier?
No I'd put it in there as I think they'd see it as a positive- despite being a non-business major you've taken initiative to learn about the field. If that's the only business class you've taken I doubt they're going to grill you. Might get plenty of analytical/logic brainteasers though.
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