If you're planningย #summeranalystย applications for IB and banking roles, there's no point knowing the questions they ask, if you don't have the right framework to structure your answers to stand out from other applicants who may have a higher GPA or more internships than you. Use our cheatsheet that worked forย #ibankcoachingย program alums in securing 2024 IB offers ๐ย
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฆย #๐๐๐๐จ๐ซ๐ ๐๐งย (๐๐ข๐๐๐จ ๐๐ง๐ญ๐๐ซ๐ฏ๐ข๐๐ฐ)
โTell me about a time when you detected a potential issue and developed a solution before it turned into a real problem. Describe the situation, the actions you took, and the outcome
๐กTests your problem-solving skills, proactiveness, and detail-oriented mindset
๐กUse the S.T.A.R. model for storytelling- the Situation, the Task you needed to accomplish, the Approach you opted (and why?) plus the Result it yielded
๐กShare what you learned from this outcome (e.g., this experience highlighted that even if I am assigned an unfamiliar task, I can learn quickly on the job and have a self-directed approach to deliver the project)
โDiscuss a recent headline in the financial markets that caught your attention and why?
๐กThis tests how clued into the market you are, both reading news + applying your critical thinking to analyse the news impact on your target firm/ investment implications, etc.ย
๐กRead up analyst views and editorials to form your view. Describe the macro event / new development, explain what threats/ opportunities it presents, and how it may influence the firm's business/ products
โWhat attracts you to this company, and specifically this division?
๐กDon't make generic statements like 'your global scale of operations is impressive' or 'you're a market leader in financial services' which would be true for all topย #investmentbanksย andย hashtag#consultingย firms you target
๐กInclude unique details about the firm (strong revenues despite market challenges/ awards/ ESG) and the division (rotations to different trading desks etc.) to explain what sets the firm apart from its peers. Well-researched interviewees leave lasting impression
๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐๐ซ๐จ๐ฆย #๐๐๐๐ย (๐๐ฎ๐ฉ๐๐ซ๐๐๐ฒ)
โWhat do you expect to learn here after 1 year?
๐กThis question also wants to test how well you've researched the firm and role to understand what you'll contribute
๐กInclude learning curve specifics like technical skills, product knowledge, clientย
management
โHow should you act if you want to be a role model in the team?
๐กStart by defining what it means to be a good role model
๐กShare an example of a time when you led the team by example to either take on additional tasks that no one wanted/ showed initiativeย
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