<p>haha i'm guessing you haven't gone through OCR?</p>
<p>yes, they quiz you. Hell, they test you. Go google "investment banking superday" - basically an all day session of interviews (like 4-6, each 30 minutes) in New York.</p>
<p>I was at an interview and they made me do a valuation using a P/E multiple. They gave me pencil and paper and financial statements.</p>
<p>It depends on your area of interest, but for ibanking, they'll ask you valuations models (DCF, APV, comps, etc.) and accounting (you WILL likely get this question "a firm has $100 of depreciation. how does this affect the 3 financial statements).</p>
<p>for consulting, they will ask you something like this: "you have a pharma firm, they have a one-hit wonder drug which is their only valuable product. What things would you look at to value it?" (you may get this in asset management). </p>
<p>You'll get some of those inane fit questions, like "what is your greatest weakenss" (personally i want to say "self-assessment" and flip them off....but don't do that)</p>
<p>You may get math questions, like "quick: what's 13% of 17,000." (have do it in your head, but it's not too hard)</p>
<p>You may get "brainteasers," such as how would you move MOunt Fiji</p>
<p>You may get "impossible questions," such as "How many laundry machines are there in New York?"</p>
<p>You may get questions that gauge your true interest in the field: they asked me "how is a typical ibank structured"</p>
<p>There are usually at least two rounds. In the latter rounds, you may be interviewed by multiple people.</p>
<p>Pennlink has practice questions. There is a book on Microsoft's questions, called "How Would You Move Mount Fiji?"</p>
<p>this is why we all hate OCR. and right now, the pressure is really on, with the bad economy</p>