I wanted to give back a little bit by talking about the recruiting process I went through and the interview questions I answered.
I got an interview via OCR. Spoke with one associate level person in the tech banking group. Questions were mainly behavioral. Asked about group work mostly. On the technical side of things she asked about what I would consider when lending to a company. (Free cash flow, strength of financials, strength of business, management team etc). Afterwards I asked what she thought about increasing cash burn rates in many tech companies as well as speaking to her about the economy and the Fed.
at their local headquarters. 4x 30 minute interviews with people from a variety of lending backgrounds. Non technicals included "why commercial banking" "why " and a bunch more relating to group work, both my role in groups and stories from difficult groups. Technicals included what criteria would you consider when deciding to underwrite a building, if you are a CFO and had to raise capital what would you do/consider and strangely what would a increase in the price of oil mean for Disney's profits? ( I mentioned people choosing to skip movies, not traveling to theme parks, increased freight costs across the board, and possibly plastic merchandise being more expensive) There were also some basic questions about the 3 statements, , and .
Recruiter got back to me 5 business days later with an offer, pay and benefits felt pretty good
I would also like to hear from other monkeys about commercial banking as a career. I've used the search function and it seems like WSO has a pretty mixed opinion on lending. I'll be talking to people with experience in the field over the next few days and will update the thread with what I hear. As of right now my questions are:
1) What is life like at the associate level ( or relationship manager) in terms of work/pay/hours?
2) Do people move around inside the bank to other divisions from these analyst training programs? Is it an uphill battle?
3) How is the MBA placement/ do they help pay for it?
4) Outside of commercial/ corporate lending what sort of roles do people end up in?
If anyone as any insight on these questions or if people have questions of their own please speak up.