5 Interview Questions Investment Banking Interns Need to Nail

5 Interview Questions Investment Banking Interns Need to Nail5 Interview Questions Investment Banking Interns Need to NailAlthough most investment banks in North America and Europe have already hired their 2013 summer intern classes, banks in Australia are just beginning to accept applications for their latest internship programs, and interviews are on the way. For those interested in an investment banking internship, here are five interview questions every prospective intern should be able to nail.1. What interests you most about a career in investment banking?This is one of the most common questions used to assess a candidates interest in and understanding of the investment banking division. You need to be aware of the key skills and attributes demanded of professionals working in this area and be able to demonstrate examples of how you possess these skills. Be ready to articulate why you think you are a suitable candidate and what qualities you bring to the table. Candidates need to be analytical, detail-orientated, enthusiastic, hard-working and responsible. The use of examples will best illustrate this.2. What differentiates this company from other companies you are interviewing with?This question tests to see if you have conducted research about the industry and in particular about the firm you have applied to. As a starting point, visit the company website to learn as much as you can about the firm, its structure, divisions and core values. In terms of researching the industry, make a habit of regularly reading the financial press and keeping up to date with market trends and recent transactions. The key is to demonstrate that you have an interest in and understanding of the financial world beyond what you have learned in class. Researching the firm in this way will demonstrate to your interviewers that you have a genuine interest in the company, which is something that they will be looking for.3. Which industry or product teams interest you and why?Ther e is no right or wrong answer to this question. The aim is to assess whether or not you have an understanding of how the investment banking division is broken down. In general, there are industry teams and product teams. Industry teams provide industry-specific expertise and guidance, and work with the appropriate product teams to generate ideas about potential transactions. Product teams specialize in a particular financial instrument and partner with the industry teams to execute a variety of transactions. Different people have unique reasons for joining different teams. Some may be interested in the more product focused teams such as the mergers and acquisitions team, whereas others will be more interested in a particular industry focused team, for example metals and mining.4. Provide an example of a situation where you had to manage multiple competing deadlines? Were the deadlines met? Multis can be drawn from every area your academic work, previous work experience, as well as extra-curricular activities or voluntary work. The key will be to explain the challenging situation, how you prioritized the different tasks, actions you took towards ensuring the deadlines were met and the result or outcome of the situation. If you did not manage to meet all of the deadlines, it is important to show what you learned from this and how you would tackle a similar situation in the future. 5. Tell me about a time or a project when you faced a crisis late on a Friday night and there was no one you could contact for help or advice. What did you do?To succeed in investment banking, the ability to work independently and respond quickly to unexpected situations is essential. This schrift of question is asked to see if you take a calm and practical approach under pressure. Dont forget to demonstrate your common sense, forward thinking abilities, ability to take initiative and problem-solving skills. The ability to review the situation post-crisis in order to prevent similar s ituations happening again would also help get you credit when answering this question.There are numerous types of questions and variations of the above that you might come across in an interview (in fact, there are so many that it would be impossible to outline them all here). In a nutshell, it is important that you structure your answers, portray confidence and adopt an honest approach during the interview. Think about each question before responding and do not be afraid to ask for further clarification on what the interviewer is asking. If you dont know the answer, its ok to say so but make sure you offer an alternative suggestion or point of view which demonstrates the knowledge you do have and steers the conversation in a direction that you are more equipped to answer. This will help your interviewers to see how you think on the spot. Finally, make sure you have read and understood the job description and that you are comfortable speaking in detail about anything that you have i ncluded on your resume or within your application. Good luck with your interviewsThis post was sponsored by J.P. Morgan.Read Morejpmorgan.com/careers

Why You Shouldnt Ask About Salary History When Hiring

Why You Shouldnt Ask About Salary History When HiringWhy You Shouldnt Ask About Salary History When HiringHiring managers, heres something you need to be aware of An increasing number of local and state governments are passing legislation to help close gaps in pay. One way they are doing this is by prohibiting employers from asking job candidates about their salary history. Some recent examples are in California, Delaware and Oregon, as well as New York City and Albany, N.Y. And it seems likely that more cities and states will enact similar legislation in the future.While you will want to seek legal guidance about what exactly your company should do to comply, it might be best simply to avoid these types of inquiries altogether when trying to determine compensation levels for new hires. So just take the question off the table.Salary history isnt a relevant factor anywayThe new laws arent the only reason to avoid asking about a job seekers salary history. You should set a pay range in advance and stick to it when hiring for a position. The range should be based on the skill set and experience required and what the market demands, not on what candidates you interview have earned before.In fact, communicating in advance to candidates the pay range youve set can actually enhance your hiring process. It can weed out applicants who arent satisfied with what youre offering. And, if you struggle to attract suitable applicants, it could alert you early that your pay range isnt realistic.Base compensation on solid dataBe aya to use reputable resources when setting pay ranges. Among the best are the Salary Guides from Robert Half.GET THE SALARY GUIDESThe compensation figures in our guides are based on actual placements made by our recruiters and their knowledge of the latest market conditions and hiring trends. has published our Salary Guides every year for decades, so you can be confident youre getting reliable and timely data.With our guides, you dont have to rely on na tional or industry averages either we report starting salary ranges for each position by percentile, based on candidate experience level and skills, as well as the complexity of the job duties. The guides also allow you to fine-tune salary ranges to your city.Laws can change and evolve over time. The important thing when youre entering into salary discussions is to focus on the compensation range youve set for the position, not a candidates past pay. Youll increase your chances of offering a compelling salary that attracts talented applicants, and youll stay out of hot water.

How to Answer Price Questions on a Cold Call

How to Answer Price Questions on a Cold CallHow to Answer Price Questions on a Cold CallVeteran cold callers are no doubt familiar with the following scenario the prospect answers the phone, you give your name and opener, and before you can go any further the prospect says, Whats the price? Sounds promising if the prospect is already asking about a price, right? Wrong. Most of the time, a question about price this early on is a trap. The prospect is just looking for something he can say no to so that he can get you off the phone. No matter what price you quote at this point, the prospect will likely reply that its too much and then hang up the phone. At this point, its premature to talk about pricing even if the prospect is interested. For one thing, you dont know for sure yet if the person youre speaking with is a decision-makeror even a prospect at all. So the best response at this point is something along the lines of, Before you abflug looking at the possibility of purchasing, Id like to ask a few questions to confirm that our product is a good fit for your needs. If the person youre speaking with says okay, then go ahead and ask your usual qualifying questions. But if he refuses and again asks for a number, you have a few different options. First, you can test to see if hes one of the rare prospects who happen to be ready to buy at the moment you call him. Say something like, Do you already have enough information about our products that youd feel comfortable buying today if the price is right? If he says yes, go ahead and quote a number. If he says no, then ask again for permission to ask him a few questions. Quoting a Range of Prices Aleidlageher possibility is to quote a wide range of prices. For example, if you have several different products at different price points or if your products come with a variety of options and packages that affect the price, you can quote a range between your very lowest priced offering and your highest price offering a nd then say, In order to give you an accurate price quote I need to ask a few more questions to determine your needs. It is a powerful way to demonstrate to the prospect that youre not meaninglessly stalling him, you really do need more information to proceed. If you only have one product or theres only one option that would fit this type of prospect, then you dont have the option of quoting a range of prices. Instead, if the prospect insists on hearing a number, you can tell him the price and then follow with a statement like, However, I would hate for price to be the deciding factor, so we can discuss more specifics about pricing once I know a little more about your specific situation. This keeps his mind a little more open to the possibility of adding value that will make the price you just quoted more palatable. Sometimes the question of price will rise up a bit later in the sales process, but still sooner than youre ready to commit to a number. For example, when you walk into t he appointment that you made during your cold call, the prospect might greet you by asking you for a price. As a rule, its safer to not give a specific price until youve had a chance to establish value with the prospect. If the price comes first, the prospect will be weighing everything you say against that price assuming he doesnt just say no thanks as soon as you give a number. So if a prospect asks for a price quote as soon as you walk into the appointment, use whichever of the above responses seem to fit best.

Lying in Your Job Search Wheres the Line

Lying in Your Job Search Wheres the LineLying in Your Job Search Wheres the LineTake a page from our founding fathers with an honest approach to your job search.Many know the story of George Washington cutting down the cherry tree (I cannot tell a lie) and admire Honest Abe Lincoln for his integrity as a lawyer, leader of the Union, and great emancipator of slavery, but how do these virtues fit into todays workplace?With a tight economy and many people out of work, its tempting to tell a few white lies to get ahead. In fact, a research study found that 53 percent of people lie on their resumes or job applications.In this mobile-driven society, the truth is often just a few key strokes away. Whether youre embellishing your skill set, fudging dates to avoid age discrimination, or filling in employment gaps, youre drumherum yourself up for failure in the long run. Consider Scott Thompson, for example, who was forced to resign as CEO of Yahoo after it was discovered that he misstated his credentials, claiming he had a degree in computer science (he only has one in accounting).Take a lesson from our great leaders and use these five tips to stick to the truth during your job search.Fill your skill gapsIf you lack a skill thats required for your dream job, find a course online or at a local school where you can learn it. Trust me, if the hard skill is vital to the job and you make it to the final interview rounds, the hiring manager will test your skills in a pre-employment exam and the truth will come out.Pitch your qualificationsYour resume is an important piece of your personal marketing campaign. It should call attention to your relevant experience, accomplishments, education and skill sets. However, it cant sell experience you dont have. Theres a fine line between positioning your experience to support your target job and flat-out lying about a qualification you simply dont possess.Keep your story consistentIf you tell a lie, it doesnt end with the job applicatio n you now must keep the scharade going online and during the interview process. A recent social recruiting survey by Jobvite found that 86% of U.S. employers and recruiters polled admitted to reviewing candidates social network profiles whether or not the candidates gave them permission. Make sure your online brand and interview responses tell the same story as your resume, or youre sure to raise red flags with the recruiter.Know your datesThe simplest reference or background check will reveal discrepancies in your work history, so be truthful with your employment dates. You can leave off the dates from your degrees and certifications and limit the resume to the belastung 15 years of your career to avoid age discrimination, but you cant lie. If youre concerned about an employment gap, test different ways to represent the dates (i.e. Mar 2009 Dec 2012 vs. 2009-2012) or consider a different resume format.Be genuineMuch of the interview process is spent determining if you are a good cultural fit for the company. If the job requirements match your skills but the company doesnt fit, dont waste your time. Even if you convince the hiring manager that you love a fast-paced start-up environment and land the job, chances are, you wont last very long in that role. Be honest with yourself about what working environment is best for you and target those opportunities instead.The bottom line? Do yourself a favor and stick to the truth. Lying has the potential to do serious damage to your personal brand and hurt your chances of landing your dream job.

Things You Wont Like About Make a Resume for Free and Things You Will

Things You Wont Like About Make a Resume for Free and Things You Will Make a Resume for Free for Dummies There are times that you do your best and even then youre not able to score well in your home tasks. Also, absolutely free trials are often constrained in time. The skills a chronological resume may not have the ability to highlight are ready to be emphasized in a functional resume. With free resume forms, you find it possible to utilize all the advantages that it has to provide you so you have the ability to appear successful, and get the great written resume. Where to Find Make a Resume for Free There is a broad selection of free resume writing samples online which will help anyone develop a better resume. Utilize our free resume builder to produce the perfect resume online in only minutes. Free resume samples are available at several websites on the internet. You can depend on the very best essay help online. Unfortunately, most job applicants dont recognize the va lue of offering a really impressive resume. Possessing a resume that catches the interest of prospective employees is important. Moreover you are going to be in a position to modify your resume for the job which you are applying for. Spending only a couple of hours on the computer can assist the recruiters get the best resumes for a certain job. Some software includes a totally free trial. If youre not sure about your resume, we provide a Free Resume Evaluation. Modifying a Microsoft Word resume template is straightforward and makes the work search process a whole lot simpler. Make a Resume for Free Features Take a look at free resume examples on the internet and you will observe that headings ought to be the exact same all throughout. Fortunately, free resume templates are available which can enhance your chances In virtually all circumstances, your free resume template ought to be chronological. There are several free resume samples or templates readily available online , which make it simple and convenient for someone to modify one according to their very own requirements. Ruthless Make a Resume for Free Strategies Exploited To begin with, with a resume your aim is to stand out. Instead, focus on what you need to offer you. The Ultimate Make a Resume for Free Trick There are at least hundreds of free resume cover letter examples on the web. Moreover, when employing a free resume form, youre somehow steered via the statement you make for the employer rather than having to create the method by yourself. The actual men and women highly praise our essay help site. Then the ideal approach is tischset a request I want to acquire essay papers written. You can locate the excellent free resume from among literally hundreds and thousands of feasible ones. If you have to sign up for work and desire a free resume form, a simple search online should address your problem. One needs to pick the appropriate tool to get best output in conditions of car eer building. For instance, some free resume writing software services are extremely basic in nature. The absolute most evident advantage of using free software is that theres zero cost involved. At least youll have somewhere to get started. Now a lot of businesses have develop the idea of uploading free resume online. The Secret to Make a Resume for Free Based on the type of position, you might prefer to modify the formatting as well as the information a bit to fulfill the necessities of the job. In addition, in the event where ones last job reference wasnt the best one, an individual might need to select the aid of a functional resume template. Fortunately, free resume writing software can help relieve a substantial sum of your strain and ensure it is feasible for you to make an effective resume and have it in the hands of prospective employers in no moment. The style and content of the cover letter will be contingent upon your experience and the sort of job position youre applying for. Hence, theres little doubt about their powerful approach employed in a diversified way. Meanwhile, youve got two options if you opt not to find professional resume writing help. If you receive an idea about How to compose a resume. If you are extremely much confident, it is a great notion to an outsiders help.

Purchasing Ejemplos De Resume

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