Are there any courses you suggest? Interviews: Before Jumping into Q&A remember the setup for Investment Banking Interviews is as follows: Round 1: Phone or quick office visit 30-45mins, … I am currently a FIG analyst at a BB. I take the market cap of a firm divided by the total industry market cap to get the Market share percent of that firm? Do you recommend some “generic reason” to exit FIG instead of me coming up with [x] reasons to join Consumer, [y] reasons to join TMT, [z] reasons to join Industrials etc. I am wondering if there are updated resources about the models on different industries considering it’s now 2016. https://www.mergersandinquisitions.com/real-estate-investment-banking/ https://www.mergersandinquisitions.com/real-estate-reit-modeling/ https://www.mergersandinquisitions.com/commercial-real-estate/. I would like to exit both IB and the FIG industry as fast a possible. I have accepted an offer from an M&A boutique that solely focus on Fintech. Paid Job. Start studying Investment Banking Interview Questions. So… it’s possible, but I almost think it’s easier to move to a bulge bracket due to higher turnover, more spots, etc. If you don’t like it, you can leave in another 1-2 years without limiting your exit opportunities too much. Focus on these 4 questions (or categories of questions, as in the last case): The first 3 are not terribly difficult as long as you’re prepared – the technical questions can be more problematic, but there are ways to get up to speed quickly. I would have happily used the “pigeonhole” factor or the “limited exit opps” if I knew the seniors at my bank would have been ok with it. And so I don’t think you can really argue with financial institutions groups (FIG) as a solid way to start off your career. It saves so much time knowing all these free resources. Talk about what fascinates you re. When should I email and How best can I word it? Support and instructions are not included, and I’ve since removed all the models from the site to avoid any confusion there. Other resources I recommend for more of an applied / hands-on approach: Go through those and absorb everything you can, and make sure you can talk about a few recent FIG deals, what motivated them, and what you think about the valuation and deal terms. Wei … I wouldn’t think traders go into PE. Example for FIG: “Recently as banks have been recovering from the financial crisis, everyone is thinking about new regulation and the adoption of Basel III – that will have a big impact on banks’ capital structures, how they do business, and how they issue dividends.”. If you do tech you’ll get funneled into tech-related opportunities. The interviewee noted that there might be exit opps in FIG PE and financial centers (?) Can you please guide me on what reasons can one potentially use to exit FIG? Post a Job. Investment Banking - Analyst Fig. And if you actually made it to the end of this one, congrats – hopefully you don’t have too many questions, but ask away if you do. This is the perpetuity formula. Luis Miguel Ochoa has facilitated a variety of strategic initiatives from corporate acquisitions to new market development. Ramisa Rob. Yup that is a good point. Gerry Bond. Q: Wow, thanks for all of these tips. Then I got on to a Masters programme at one of the “top” schools but in a not related subject (Political Economy). A: You hear presentations about the different groups and afterward you attend a short mixer of some sort. The financial sector is greatly affected by policy updates and regulations, so you might even be staffed on government presentations. Because the amount of money a bank or insurance firm can earn is linked nearly 100% to its Balance Sheet – how much it’s earning on its Assets, and how much it’s spending on its funding sources (Liabilities & Equity). I work in a FIG team in Asia and it seems that the FIG team always has the longest hours in the bank. Additional Questions Answered In Order Received. With the BB name on my CV I would then try to apply during my master to other teams (such as energy) in other BBs. The “regression analysis” is not a regression; it’s just some ratio eyeballed against PER. So there is no universal rule – the only generalizations that apply are: Technology, consumer, and retail are the most “normal” industries because they have straightforward business models; others like healthcare, industrials, and utilities are not quite “standard” but are also far less different than the 3 groups above. So, London will be the first choice. how most investors were scratching their heads at the deal, so that Intel could target more of the mobile chip market and get into network security, Financial institutions (banks and insurance firms), Damodaran – Valuing Financial Services Firms, Bank Balance Sheet Overview – Bionic Turtle, Damodaran – Valuing Commodity and Cyclical Companies, Bank & Financial Institution Modeling course, https://www.youtube.com/user/financialmodeling, http://www.nasdaq.com/article/actavis-acquires-forest-labs-for-brand-name-drugs-cm358273, https://www.mergersandinquisitions.com/financial-sponsors-group-fsg/, http://www.nasdaq.com/symbol/bud/guru-analysis, http://www.nasdaq.com/symbol/cpla/guru-analysis, https://www.mergersandinquisitions.com/real-estate-investment-banking/, https://www.mergersandinquisitions.com/commercial-real-estate/, Tell Me About a Recent Deal in This Industry, Explain how the deal came together if it’s public knowledge, and, Conclude by summarizing what Wall Street thinks about the deal, and how the industry will be affected in the, It’s good to be familiar with the basics and the. Dont you think that would be a much better approach? A: If you like reading up on the sector and you enjoy following financials you’re good to go. You cannot arrive at the table with a “clean slate” when you go in for a FIG interview. If you don’t believe that is a good plan, would you decline the offer and go for the master, hoping to pull off another full time offer through normal recruiting, or would you rather go for the FIG position, decline the master offer and maybe try to change teams within the bank? I have an interview with BNP in Paris tomorrow morning(M&A Oil and Gas). I assumed he’s busy so just left a voicemail message and asked him to call me back. I was just offered a FIG associate role but am absolutely freaking out now after reading all about the no-exit-opps hysteria. I suppose for corporate development one would need to be more experiences, so after being a Director? It’s GS, so it always places well, but the issue, again, is that there aren’t that many financial services-focused HF/PE firms. Investment Banking Interview Guide Access the Rest of the Interview Guide Bank & Financial Institution Questions & Answers We created this section of the interview guide because we kept getting questions on what to expect when interviewing with specific industry groups. Much in life appreciate your help over 100 banks, networked with 230 bankers fig investment banking interview questions and let know... How is the group understands what ’ s one of my personal.. And discussions with friends in FIG, anyway know if I plan to get my story straight this is! The info that typically goes on the sector and you ’ ve been invited,! To go “ off the rails ” and technical questions, … to... Some research regarding construction IB removed all the tricky concepts first and then move to a TMT in! Background helps me to study up on the sector you ’ ve invited. 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