Well you know that the total GDP = $60.5 bn and per head = $1,100. Therefore the population = Total GDP/GDP per head = $60.5bn/$1,100 = 55 million.

55% of this = 30250000. Now to get the GDP per head for this new population you must figure out the proportion relative to the overall GDP = $60.5 bn/30250000 = $2000 per head.

You could also have figured this out by the units, GDP per head would imply dividing the GDP by a population figure.

(edited 7 years ago)

Reply 2967

DaFrenchy

Original post by paulpierce94

HSBC is sending several rejections today

Thanks. Do you have further information ? When did they apply, division, etc

Reply 2968

gavgav123

Original post by paulpierce94

HSBC is sending several rejections today

Where do you hear this from ?

Reply 2969

S_12345

Is financial advisory at one of the big four a good alternative to IBD? Also, is it detremental KPMG, for example, only has a four week placement?

Reply 2970

username738914

Original post by S_12345

Is financial advisory at one of the big four a good alternative to IBD? Also, is it detremental KPMG, for example, only has a four week placement?

It is basically the same thing as IBD but doing smaller deals + fairness opinions if you get into the actual CorpFin advisory team. Otherwise in transaction services it's basically just financial due dil for larger deals run by bigger banks.

Overall, it's fairly possible to move to e.g. a BB or EB after a few years at the big4 and it's even possible (although not that common) to move on to lower middle market to middle market PE or ER - as well as all the other in-house finance teams, management accounting teams etc. Or you could stay and try for partnership because although comp is lower, hours are lower too.

No, that's just how they structure their vacation programmes.

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(edited 7 years ago)

Reply 2971

Commercial Paper

Original post by Wisefire

I'm hardly knowledgeable in this application process so I am asking this question. Is this a mental arithmetic question, this you've posted a picture of? Would you need to work out the sums for this sort of question in your head? Or would you be able to use a calculator during this assessment for a question such as this one?

You can use a calculator, pen and paper.

Posted from TSR Mobile

Reply 2972

S_12345

Original post by Princepieman

Thanks man, much appreciated

Reply 2973

adi_nayak1

Original post by Princepieman

60500/1.1 = 55,000 * .55 = 30,250

60500/30.25 = $2k

Posted from TSR Mobile

Thanks, I was initially confused as I forgot that only the working pop are generating GDP so you are able to disregard the rest of the population.

Reply 2974

Commercial Paper

Original post by gavgav123

Does anyone have Nomura grad recruitment email address ?

Do you still need this? I can PM you a HR contact if you want.

Reply 2975

gavgav123

Original post by Commercial Paper

Do you still need this? I can PM you a HR contact if you want.

Would be amazing, thanks.

Won't let me access my second test..

Reply 2976

Breakingbank

Original post by luckyfellow

1) Got JPM (IBD London) rejection today. Applied on the 10th of September. 2) Does anyone when approx. you get a rejection from MS if you failed the test. As for the spring week, I am sure to have failed the test but did get a rejection in January.

Thanks for your help.

is that JPM summer internship rejection?