In one sense the guidance contained in this article can be applied to preparing for any job application interview. So, whether you have experience of attending interviews in the past or not, you need to be aware of the importance of effective and diligent preparation. This is especially true in the finance and banking industry where the interviews you will undergo are equal to the benefits you will enjoy should you be hired.
Make sure you are totally prepared for your investment banking interview by:
Confirming The Interview
The one thing that you can rely on is that investment banking interviews are typically well structured and depending on the organization and number of job opportunities available the interviews can cover different times, dates, and even locations.
You have been fortunate to be considered for one of these opportunities by the invitation to attend an interview. The very first thing you need to do is to confirm that you are able to attend the interview on the required date and at the suggested location.
Remember we are talking about career choices here. If you cannot make the interview there better be a very good reason why you can’t. Contact the organization immediately and try to reschedule. Hopefully you will be successful but there is also the situation where you will not be. In the worst case you may even be dropped from consideration.
Understanding The Interview
Part of being fully prepared for your investment banking interview is finding out as much as you possible can about the interview process itself. When confirming you are available, don’t just leave it at that. The more you can find out at this stage may well give you an edge over the other applicants as the majority of them will not ask. Find out:
* Interview format – will it be with the department head? Will it be with a representative from Human Resources? Will the interview be one-on-one or will you be facing an interview panel? Will you undergo some forms of analytical or psychometric testing? Will the interview be conducted at an assessment center where it may seem less formal but you will be on interview the whole time including how you interact with the other applicants.
* Interview location – if the location of the interview is unfamiliar to you, gather as much information as you can on how to get there. (Normally this will be provided). It’s important to make sure you have more than enough time to get there and compose yourself before the interview commences.
* Interview feedback – one powerful way of gaining an advantage is by gathering any previous interview feedback. If you have attended interviews before, what did you learn from those situations? What worked well for you? What mistakes did you make? If you have been selected by means of a professional recruitment agency, they are likely to be more than familiar with the company with which you have the interview. Ask them what their experiences are in recommending other applicant previously. What feedback did they receive directly from the company’s representatives and how can this help you prepare?
Understanding The Organization
One final point to help you prepare for your investment banking interview and may also give you more of a “competitive edge” is to gather as much information as you can and increase your knowledge about the organization itself.
This will come across during the interview itself either by the well informed way you respond to questions asked of you or the intelligent questions you ask the interviewer(s). Not only will this help to impress them, it also shows your level of commitment, your desire to get hired by this company, and the ability to apply yourself.
It never ceases to amaze me how few job applicants fail to carry out this very important research. Don’t be one of them.
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