<p>So I have an on campus interview for two BB banks when I get back to school after winter break, and although I'm pretty up to date on economics and what's going on in the economy, I'm in all honestly not too familiar with the intracacies of investment banking. </p>
<p>I've been browsing this forum for a bit (I've read through the posts on Sales v Trading and all that stuff), but many of the members post information that seems to contradict each other and it's hard to pull out some concrete information. </p>
<p>If anyone could help me on how much I need to know about Investment Banking for the interview (will they ask me any questions specific to Investment Banking or the economy), and also if anyone could recommend either a book or a website (not a forum per say) that has condensed, detailed information about the industry, that'd be great. </p>
<p>I also have a couple BB Sales and Trading interviews when I get back to school mid January. Does anyone have any prior experience with 1st rounds for S+T. Just looking for how technical or fit oriented the questions will be.</p>
<p>Vault guide to investment banking; Vault guide to sales and trading. If you actually read, understand both of these, and can remember most of the info for the interviews, you will be ahead of probably 95% of the other applicants.</p>
<p>IBD: Brush up on Finance and Accounting, read the WSO or Vault Guides if you want extra prep, particularly if you are not a business major. Know what is going on in the IBD world, such as recent IPOs or M&A deals.</p>
<p>S&T: Be ready for brainteasers or mental math/probability questions. Know whats going on in the markets, and be able to talk/analyze them, read the WSO or Vault Guides if you want extra prep,.</p>
<p>Of course for both, be prepared for fit type questions. For IBD this might involve answering questions in a way that shows you are hardworking and get things done right the first time, and like seeing a project from inception to closing. For S&T this might be explaining how you like a fast paced environment, like working under pressure, and enjoy dealing with many projects/tasks at once.</p>
<p>No one can tell you how technical or not an interview will be. No one. The interviews are pretty much at the discretion of the interviewers, so if they want to grill you on technicals they can. I’ve had interviews that were all fit, and I’ve had interviews that were mostly technical (probability/brainteasers for S&T or DCF for IBD). So, as it stands be prepared for technical side because you don’t know how its going to be.</p>