IBANKINGFAQ

1AboutInvestmentBankingBankingLifestyleExitOpportunitiesForfurtherlearning…Interview-BrainteasersInterview-GeneralInterview-Qualitative(fit)QuestionsInterview-TechnicalQuestionsAccountingandFinancialStatementsDiscountedCashFlowAnalysisEnterpriseValueandEquityValueLeveragedBuyout(LBO)AnalysisMergersandInquisitionsValuationMarketsandInvestingRecruitingandJobSearchResumesandCoverLetters2TableofContentsAboutInvestmentBanking..............................................................................................................8Whatisaninvestmentbank?.....................................................................................................8Whatarethedifferenttypesofgroupswithinaninvestmentbank?........................................8Whatisthetypicalhierarchy/ladderwithinaninvestmentbank?............................................8WhatisthegeneralroleoftheAnalyst?....................................................................................9WhatisthegeneralroleoftheAssociate?.................................................................................9WhatisthegeneralroleoftheVicePresident(VP)?...............................................................10WhatisthegeneralroleoftheDirector/SeniorVicePresident(SVP)?....................................10WhatisthegeneralroleoftheManagingDirector?................................................................10Whatisabulgebracketbankandwhoarethey?.....................................................................10Whatisaboutiquebank?.........................................................................................................11BankingLifestyle...................................................................................................................................12ArethehoursreallyasbadasI’veheardtheyare?..................................................................12Ifthehoursaresolong,whydon’tbankshiremorepeople?..................................................12Isthenumberofhourstheworstthingaboutinvestmentbanking?.......................................12Ifthebankinglifestyleissotough,what’stheupside?............................................................13Howdoesthelifestyledifferatbulgebracketbanksvs.boutiques?.......................................13Willthelifestylebebetter/worseinsomegroupsthanothers?..............................................13HowdoesthelifestyleinNewYorkdifferfrominvestmentbankingjobselsewhere?............14Asabanker,howmuchwillIhavetotravel?...........................................................................14Isittruethatasaninvestmentbanker,Igetfreedinnereverynight?....................................14ExistOpportunities................................................................................................................................15WhataresomeexitopportunitiesafterbeinganAnalyst?......................................................15WhataresomeexitopportunitiesafterbeinganAssociate?..................................................15WhatdoPrivateEquityfirmslookforwhenhiringbankers?...................................................15WhataremyoddsofgettingintoPrivateEquity,nothavingbeenanAnalyst?......................16I’mthinkingaboutPrivateEquityaftermyAnalystprogram.Willbeingincertaingroupshelpmemorethanothers?......................................................................................................................16WhatdoHedgeFundslookforwhenhiringbankers?.............................................................16Forfurtherlearning…............................................................................................................................17WhereelseontheInternetcanIgotolearnaboutinvestmentbanking?...............................173Arethereanygoodbooksaboutlifeasaninvestmentbanker?..............................................17Canyourecommendanybooksaboutfinanceandthetechnicalaspectsofinvestmentbanking?............................................................................................................................................17WhatperiodicalsshouldIreadtolearnmoreaboutinvestmentbanking?.............................18ShouldItakeaninvestmentbankingcourseortrainingprogram?.........................................18Interview-Brainteasers.........................................................................................................................19Whatisthesumofnumbersfrom1to100?............................................................................19Whatistheanglebetweenthehour-handandminute-handofaclockat3:15?....................19You’vegota10x10x10cubemadeupof1x1x1smallercubes.Theoutsideofthelargercubeiscompletelypaintedred.Onhowmanyofthesmallercubesisthereanyredpaint?.........19Acartravelsadistanceof60milesatanaveragespeedof30mph.Howfastwouldthecarhavetotravelthesame60miledistancehometoaverage60mphovertheentiretrip?..............20Youaregivena3-g