what is a phone screen?
hey guys
i have a phone screen coming up. what should i expect?
how do you prepare? doesn't everyone pass these things?
thx
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It's a first round interview.
but how can they decide over the phone? any pointers? everyone knows what a dcf is right?
If its with HR its pretty basic. They will ask about yourself, your current job and what you are looking for (why you applied etc). They may ask basic behavioral questions (biggest strength, weakness etc) and then describe the position you are interviewing for in more detail
Exactly to what's above. If the 'phone screen' isn't with HR and is with an analyst/associate expect regular interview questions (which can all be found in the Breaking Into Wall Street guides). Typically these tend to be a little more informational in nature so they want to get a better idea of who you are and whether you might be a good fit with the firm/bank/group/etc.
And no, not everyone knows what a DCF is (even if they should) and these interviews are likely more about disqualifying bad candidates than they are about finding a rockstar, so just know your stuff and there should be little reason not to move on to the next round. Best of luck.
Regards
I love phone interviews because you can have anything and everything as your resource, since they don't know what you're looking at. Pull up your resume for the "walk me through your resume" portion, so you can just pull things down a lot easier and link your ideas a lot better. Have something like investopedia at your disposal, just in case they ask you to explain something you're not too comfortable with.
I normally do this. I mean... its better if you know the stuff so you don't have many awkward pauses, but I've definitely gotten second rounds from doing this, and ended up just studying heavily in between the two interviews so that I did well on the in-person one.
What is a second round interview? And what can i expect? Will they ask questions?
they did that to me once. it caught me off guard. still got the offer tho
Can i wear jorts or is that too informal, also, should i leave my cartlidge piercings in?
Expect questions on your activities at school, why banking, why that firm in particular and the pros and cons of each of the three main valuation methods. Maybe a quick case study or a brain teaser if the interviewer is a dick. Fit and likeability are huge here - they're looking to see who knows what they're talking about and who would be able to make it through a superday and impress interviewers to get an offer. Also make sure you have some good questions lined up - what % of time is spent pitching vs. working on deal, how should I think about what group to work in, coverage vs. product, what they like about the bank's overall platform, etc. Don't ask them how they like the "culture" - that's a BS question.
Make sure you keep your answers short and concise (under 2 min for each) and give the person a chance to find out whatever they want to know - since you can't see the person, you can't read their body language and gauge their interest, so if you run-on for 5+ minutes about something, that won't reflect well.
How does phone screen work? (IBD SA) (Originally Posted: 12/09/2015)
Does anyone know specifically how phone screens work? I know that interviewers are asked by HR to conduct phone screens initially and then pass their thoughts back. Do they just tell HRs how the candidate did on the phone screen or they decide who gets a superday? Or do HRs pick superday candidates base on interviewers' feedback? Thanks!
Depends on the role and the firm.
Some sophomore programs use a phone interview to decide on who comes to a superday. Some programs require you to do a phone screening, first round, and then a superday.
they are making sure you arent a fucking tool.
which you apparently are.
good luck!
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