If you are applying for a job in investment banking, the interview process plays a huge part in decision whether you will be hired or not. Before going into one, it is best to be prepared. Not only that you need to know your financial banana, but the truth is that every company is different from each other so it is difficult to make generalizations on what to expect in the interview. However it is best to be ready for it to become easier for you. The number of people who will interview you varies by bank. It could be the manager, associate or even the VP. Don’t plan anything for the day because it could last for hours.
Most likely you will be asked some fit questions that include experience and technical knowledge on the industry. Your answers would be the basis of assessment whether you will be hired or not. It is best to make pitch on your background. Tell why you are interested in investment banking and why you are interested with the work. Prepare examples that will back up your story. If you are answering, be enthusiastic about it. There are technical questions that might go your way - Valuation, accounting and brain teasers. This would test your knowledge on a particular subject. While you are on the investing banking interview, it is best to calm about it. Think before you answer. There are times when one or two people would get immediate offers right away. If you know the basics of interview process, then you have an edge over your competition. You will hear back from them in a day or two if you did well on the interview. Don’t lose hope when you didn’t receive a call or mail regarding your application. Make a follow up on the bank but don’t be annoying while doing so.