As technical as the interviewer likes? Lots if friends with GS sec spring week interviews got fairly tough technicals: DCFs Greeks Derivs ETFs Bond maths Explaining/coming up with option strategies In depth option problems Whether is stated as being competency based makes very litter difference but I suppose your naïveté is endearing. I wouldn't spread opinion as fact to other people in that way, though
I'm just going by what was said at a GS event; that students of unrelated degrees will not be expected to know all of that. Thanks for correcting me though - I guess I've more prepping to do.
As technical as the interviewer likes? Lots if friends with GS sec spring week interviews got fairly tough technicals: DCFs Greeks Derivs ETFs Bond maths Explaining/coming up with option strategies In depth option problems Whether is stated as being competency based makes very litter difference but I suppose your naïveté is endearing. I wouldn't spread opinion as fact to other people in that way, though
As technical as the interviewer likes? Lots if friends with GS sec spring week interviews got fairly tough technicals: DCFs Greeks Derivs ETFs Bond maths Explaining/coming up with option strategies In depth option problems Whether is stated as being competency based makes very litter difference but I suppose your naïveté is endearing. I wouldn't spread opinion as fact to other people in that way, though
As technical as the interviewer likes? Lots if friends with GS sec spring week interviews got fairly tough technicals: DCFs Greeks Derivs ETFs Bond maths Explaining/coming up with option strategies In depth option problems Whether is stated as being competency based makes very litter difference but I suppose your naïveté is endearing. I wouldn't spread opinion as fact to other people in that way, though
I'm just going by what was said at a GS event; that students of unrelated degrees will not be expected to know all of that. Thanks for correcting me though - I guess I've more prepping to do.
Fair, but I suppose it's what is considered an unrelated degree I would only consider finance a related degree but some people would include econ(including PPE and related) and maths
I think the important thing is to remember the interview isn't conducted by hr (or at least it wasn't last year when it was 1 round). So Hr may specify certain things for interviews to ask and they may ignore it
For example, I'm applying for IBD and had an interview (not for spring) that included most of the things mentioned above because my interviewer thought I'd know the IBD stuff and it would be more interesting to see me work out things I had no clue about from first principles
Best o' luck
Pm for qs because I think I wrote down the securities questions I was asked
Yeah, you'd probably get different types of technicals but maybe not a huge variance in difficulty (I think IBD interviews tend to stretch more, though like LBOs are kind of ridiculous to ask but it happens)
As technical as the interviewer likes? Lots if friends with GS sec spring week interviews got fairly tough technicals: DCFs Greeks Derivs ETFs Bond maths Explaining/coming up with option strategies In depth option problems Whether is stated as being competency based makes very litter difference but I suppose your naïveté is endearing. I wouldn't spread opinion as fact to other people in that way, though
I think that GS would only quizz you on these if you have put on your CV that you have previously interned in finance or have knowledge of such instruments/valuation methodologies. I find it hard to believe that you will be asked to walk through a DCF if you have no previous experience; reading up on this online is hard enough. In order to walk through it properly, you really need to have good understanding of accounting and should actually have build a DCF step by step. Even if you look at Ac*****ng & Finance @ LSE/Warwick, they don't teach you how to put a DCF together (first year), instead the focus is on basic financial & managerial accounting/economics and stats related modules. Even then it would be difficult.
I have 2 friends at UCL Econ who have interviewed for GS IBD and they got asked commercial awareness & competency questions. But, they have no previous experience in finance.
I think that GS would only quizz you on these if you have put on your CV that you have previously interned in finance or have knowledge of such instruments/valuation methodologies. I find it hard to believe that you will be asked to walk through a DCF if you have no previous experience; reading up on this online is hard enough. In order to walk through it properly, you really need to have good understanding of accounting and should actually have build a DCF step by step. Even if you look at Ac*****ng & Finance @ LSE/Warwick, they don't teach you how to put a DCF together (first year), instead the focus is on basic financial & managerial accounting/economics and stats related modules. Even then it would be difficult.
I have 2 friends at UCL Econ who have interviewed for GS IBD and they got asked commercial awareness & competency questions. But, they have no previous experience in finance.
Perhaps, although I think a DCF walls through is far simpler than you're suggesting and at spring level a general conceptual explanation is usually fine (forecast future cash flow, find terminal value discount back to present, find NPV et voila - you may be asked to go into more detail but that's generally fine) I have a good detailed DCF answer, though, if you need help but i do think you're overcomplicating - I will actually just post that here when I get on my computer and anyone interested can shoot me qs
Yeah, mine was all competency at spring week (although I had experience) and not very IBD technical at summer (I had a heavily technical interview but it wasn't related to IBD)
Perhaps, although I think a DCF walls through is far simpler than you're suggesting and at spring level a general conceptual explanation is usually fine (forecast future cash flow, find terminal value discount back to present, find NPV et voila - you may be asked to go into more detail but that's generally fine)
Anyone who has an offer from JPM and plans to accept the interview with GS? Is it common to accept an offer and then reject it when you get another offer?
Anyone who has an offer from JPM and plans to accept the interview with GS? Is it common to accept an offer and then reject it when you get another offer?
its common enough to do it yeah. Any other sws? if you have jpm+ somewhere else already then gs is not worth over the two current offers, if not then go for gs and gl!