Investment Banking

<p>Williams is very highly recruited from. As is Amherst, Swarthmore, Middlebury etc.</p>

<p>"Do you really think BU is recruited?? I went there and really liked the campus and everything but it kinda seemed to me like the job prospects werent that great. Especially for some of the more prestigious careers...which would be nessicary to pay off that rediculus tution."</p>

<p>I'm surprised that you say that. The Feld Career Center at BU does a good job of getting comany's to recruit on campus. I feel extremely comfortable about my job prospects (though I'm not personally going into finance), and most people I know do too.</p>

<p>A short list of some company's the recruit undergrads:
(Directly from the career center's website)
Accenture
Aetna
Bloomberg
Citigroup
Deloitte Consulting
Ernst & Young
Estee Lauder
Fidelity
GAP
General Electric
The Gillette Company
Hasbro
Investors Bank & Trust
JPMorgan
UBS
Merrill Lynch
Microsoft
PricewaterhouseCoopers
State Street
Unilever</p>

<p>thank you...that makes me feel better. what sort of schools would be good "back-ups?" I have bucknell right now...</p>

<p>how does one get a summer internship at an i-bank? Can you apply for one?</p>

<p>Yes you need to apply for one. Typically one enters during junior year in college. However, it is possible to get internships much much earlier.</p>

<p>So we just walk into an i-banking office one summer and file an app. for internship?</p>

<p>It's that easy huh?</p>

<p>But then you'll most likely have to have an interview, which can be brutal.</p>

<p>Anyone know what the interview process is like for an i-bank? I heard they have up to 6-7 interview rounds before a person can get in. What exactly do they ask you? Finance questions? Statistics questions on regression analysis?</p>

<p>I think the interview process is considerably less intense for an internship, but you'll still be grilled on finance questions, speed math, and general economic questions.</p>

<p>Actually its not that easy to get an interview. If you apply generally through the human resource department your app will probably not be seen.</p>

<p>Interviews are hard. Not as hard as interviews for funds but still difficult. It also is harder in S&T interviews than for ibanking (M&A) interviews as M&A is more concerned with whether you are their type or not while S&T is very analytical and sometimes quantitative (for example in FI).</p>

<p>If you go to a target school (USNEWS top 25), you'll probably be able to set up an interview during a career fair or on-campus recruiting session.</p>

<p>Wow, what a difference a 9 months make, now 30% of the people want to go to IU for their IBanking stength.</p>

<p>every BB recruits at Kelley, I understand it is hard to believe that Indiana University gets ibanks, but interestingly enough they have made huge strides in the last two years on wall street. For all you skeptics keep watching</p>

<p>btw with regards to the recruiting process normally banks come to info sessions at schools they recruit at where they tell you by when to drop your resume. After your resume drop you wait while they decide if you get an interview...if you do get an interview then you have an on campus interview that can be technical/fit/both...you then wait and then they tell you if you got 2nd rounds...if you got 2nd rounds then you normally go the their office (typically in nyc) and have a day of interviews where you may have up to 6-7 in the day...some fit and some technical. Finally they inform you if you got the job/internship.</p>

<p>it is typically harder (at least here at wharton) to land an internship at an ibank than a full time offer as there are significantly less spots...normally for internships they allocate 5-20 offers for wharton alone but for full-time they allocate 40+....</p>

<p>"I think the interview process is considerably less intense for an internship, but you'll still be grilled on finance questions, speed math, and general economic questions."</p>

<p>what do you mean "speed math"?
are they going to be asking questions like 48x22?
can you give a few examples</p>

<p>yeah technical interviews involve:</p>

<ol>
<li>finance questions (run me through a DCF valuation?)</li>
<li>Accounting questions (what is the relationship b/w the 3 major financial statements?)</li>
<li>Speed Math (12% of 67? sq root of 368?) </li>
<li>General Economy questions (what do you think the Fed will do about with interest rates, etc.)</li>
<li>Brain Teasers (Why are manhole covers round?)</li>
<li>Guesstimates (what is the size of the disposable diaper market in china?)</li>
</ol>

<p>-Note: If you've never studied finance/accouting they might ask you stuff related to your major...say you're a history major they might ask you to describe the impact of the Franco-Prussian War,etc. Also if you're not a finance/acct major they might just ask you basic econ questions.</p>

<p>You get a lot of speed math problems particularly if you are trying for a trading job. The interview I had for the internship I have now had some mental math problems (mine was five numbers with decimals and I had to add them up in my head quickly......i was off by .3). </p>

<p>Here is another classic brain teaser: How many ping pong balls can you fit into a 747?</p>

<p>BTW Bern> Sent you a reply to your email.</p>

<p>hey how many ping pong balls can you fit into a 747?</p>

<p>sq root of 368 in your head? that's impossible :&lt;/p>

<p>mahras2 what other questions did they ask you?
could you guys give anymore examples?</p>

<p>what is the best way to practice for these interviews?</p>

<p>Can you just say "a lot" to that ping pong-747 question even though the question implies that it needs a quantitative answer?</p>