<p>hey guys. i found out that many, if not all, top investment banking firms have some sort of a verbal and quantative test (online or paper), and I was wondering what kinds of problems these are? Is it definitely doable?</p>
<p>I am worried that this test might potentially ruin my chances at these firms.</p>
<p>Thanks!</p>
<p>Don't worry about it, you won't get in anyway.</p>
<p>thank you for the useful comment, dawgie. just stop posting meaninglessly & don't u have better things to do?</p>
<p>Not really, burning time at my summer office job. It's not meaningless, search for a real career that you might actually enjoy instead of listening to the hype. I'm here for you guys!</p>
<p>hmm what if i-banking is what i am ACTUALLY interested in...just stop commenting.</p>
<p>Dawgie I really wonder what your credentials are that give you the prerogative to consistently tell people that they will not become ibankers and putting that 98% of all wanna be bankers fail in a boatload of threads? Have you had any experience at all, or just talking out of your @$$ based on anecdotes from this forum? </p>
<p>if the OPs are actually from feeder schools they have a very high chance of getting ibanking jobs. At Stern, nearly all my upperclassmen friends with above a 3.5 have gotten internship/full time offers to BBs.</p>
<p>Just talking out of my ass, but the statistic today states 98.24% of people on this board will not get into IBanking @ BB.</p>
<p>is that part of the "90.827 percent of statistics are made up on the spot" figure?</p>
<p>There are alot of people who are clueless about ibankers who are just like "hey i go to community college and want to make alot of money," but for serious applicants its really not overly difficult. This was a legit question.</p>
<p>Zang are you sure they still do this? General IQ/aptitude tests were outlawed by the courts because minorities faired poorly on them and it caused indirect discrimination. I was under the impression that most places just ask you technical question and brain teasers, but I haven't really heard of a written test, mostly just on the spot questions.</p>
<p>Even for serious applicants who goto target schools with 3.5+ GPAs and other credentials may it be work experience or leadership roles, I'll give those about a 10-15% chance to get in. Statistic is 98.34% today.</p>
<p>Also I have not heard of any general IQ/aptitude tests from any of the BB's from someone who has landed a summer analyst position this recent semester.</p>
<p>maybe then the process is different for BBs in asia? i heard about UBS and Barclays doing this test thingy for interns. and matt, thanks for always providing useful feedbacks. so how is your intern at blackstone progressing?</p>
<p>10-15% thats incredibly too low. NYU Stern alone had 10-15% of the class go into Ibanking...and thats excluding(30% marketing/accounting majors, consulting, S&T, corporate finance, etc) all the people who didn't want to do ibanking...and stern is probably on the mid range in regards to ibanking recruiting</p>
<p>BlackRock* It's really fun, people are really nice... haven't learned that much, but I'm back office since I'm only a rising junior (and because i got this job through my friend haha)...definitely like the atmosphere and going to do account management or portfolio analytics next summer if I don't get a BB offer (might even stay on buy-side regardless)</p>
<p>
[quote]
Even for serious applicants who goto target schools with 3.5+ GPAs and other credentials may it be work experience or leadership roles, I'll give those about a 10-15% chance to get in. Statistic is 98.34% today.
[/quote]
</p>
<p>lol, that's just plain wrong. Not even close to the truth. Dawgie, do you seriously believe this or are you just trying to mess with people?</p>
<p>What's the top recruiting school?</p>
<p>I think Wharton, Harvard, Michigan, and NYU-Stern as well as all the ivies send in a large # to I-banking. But I go to a state school so I have no idea how the feeder system works. </p>
<p><em>Moment of Revelation</em></p>
<p>I just realized that being a finance intern is quite awesome. You get paid so much more than your college classmates and you actually learn stuff. Plus you get to wear shirts and ties, it is really quite awesome. And occasionally, you get to go on cool trips for FREE. The work isn't even that busy most of the time and when it does get busy you get paid overtime. Just a little note of personal observation that I realized today. But getting to be an intern is quite hard. </p>
<p>As for the test, I got 3 internships so far and I haven't encountered a written test yet. Although I have gotten a lot of finance questions thrown at just to make sure I wasn't a dumbass. The worst at the brain teasers for me cause they come so randomly that you often have to pause and think "WHAT?".</p>
<p>ya , i second what hello motto says... i love making 3x my friends make, going to go on a spending spree at end of summer buying flat screen tv's and such. Not all give over time though, and some only give .5 instead of 1.5.</p>
<p>who in their right mind would work overtime for 1/2 pay?</p>
<p>anyway, would you say there's a "stepping stone" internship to an i-banking internship the next summer? like commercial banking or REITs or something?</p>
<p>you dont choose to work for .5, you are required to stay until the work is down.</p>
<p>there is always the free dinner, so its not too bad....</p>
<p>
[quote]
What's the top recruiting school?
[/quote]
Harvard, Princeton, Yale, Stanford, Wharton, MIT, CalTech</p>
<p>mattistotle: What are your hours like at BlackRock?</p>