Hey there! Sign in to join this conversationNew here? Join for free

I work in the City, ask me nothing Watch

    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by universal_set)
    You said you work in risk (CONFUSED :O )
    That's quite correct, although the department I work in had no correlation with the question that was asked.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by universal_set)
    How did you get in without any prior basic knowledge? I must say you are very lucky.
    I do have quite a bit of knowledge, for someone my age. I won a trading competition at UBS, I have a virtual trading account which I trade on US equity markets. I reckon I have a fairly decent level of financial literacy and had quite a bit of experience at other BBs beforehand. I suppose I just impressed the interviewers. Luck however most likely played a major part.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by Roger1)
    Are you a hafiz?
    Do you live with your parents?
    Didn't see this.

    No. I memorised 1 juz about 4 years ago (most probably forgot it by now).

    Yes, I live with my parents. Moving out for university in September.
    Offline

    6
    ReputationRep:
    What do you do as an intern in an IB?
    Pardon my curiousness but I don't actually know what it entails,
    Like what sort of tasks and roles have you done?

    Posted from TSR Mobile
    Offline

    14
    ReputationRep:
    (Original post by Abdul-Karim)
    I do have quite a bit of knowledge, for someone my age. I won a trading competition at UBS, I have a virtual trading account which I trade on US equity markets. I reckon I have a fairly decent level of financial literacy and had quite a bit of experience at other BBs beforehand. I suppose I just impressed the interviewers. Luck however most likely played a major part.
    No, you don't have basic knowledge because you failed to answer the basic financial risk questions.

    OK, let's do it again?

    Does a bond price fluctuate with fluctuations in interest rate? What is the easiest way to calculate spot rate in risk? Can you give an example of duration hedging for sale of ease let's say the portfolio consists of two bonds. Is it true that a single interest rate correspond to bonds of different maturities? What are two basic methods to calculate the exposure to non-parallel shifts?

    These are the basic interview questions asked by any big to small size bank or financial firm for the position of risk internship/summer position etc.

    I guess you work at UBS. And I don't understand why did they hire you?

    You said that you work on weekends. What kind of bank opens and teaches you on weekends? (I know that at investment banks people work late night and on weekends too but why will a bank overtime to his permanent employees so that they can come on weekend and teach you)

    If you are really working in an investment bank then either the position is very low/unknown or you are very lucky.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by noshahmad)
    What do you do as an intern in an IB?
    Work in assisting my team. I work in Risk, so we essentially look at trades and the risks attached to certain investments traders make.[/QUOTE]


    (Original post by noshahmad)
    Pardon my curiousness but I don't actually know what it entails
    Investment & Risk Management Solutions
    Financing solutions (debt & equity)
    Advisory Services
    Asset Management services
    M&A
    Restructuring
    Market making (financial intermediary)

    An investment bank basically helps re-allocate funds from those who have excess funds (institutional investors etc..) to those who need funds (businesses who want to finance investment projects etc..). There's a lot more they do as well but the above gives you the jist of the various different business lines.

    (Original post by noshahmad)
    Like what sort of tasks and roles have you done?
    Currently just learning more of the financial jargon and being taught to use the systems, as it's my 3rd day. I just work on trade monitoring atm.
    Offline

    16
    ReputationRep:
    (Original post by Abdul-Karim)
    City of London
    Interesting.. :holmes:
    Offline

    5
    ReputationRep:
    (Original post by universal_set)
    No, you don't have basic knowledge because you failed to answer the basic financial risk questions.

    OK, let's do it again?

    Does a bond price fluctuate with fluctuations in interest rate? What is the easiest way to calculate spot rate in risk? Can you give an example of duration hedging for sale of ease let's say the portfolio consists of two bonds. Is it true that a single interest rate correspond to bonds of different maturities? What are two basic methods to calculate the exposure to non-parallel shifts?

    These are the basic interview questions asked by any big to small size bank or financial firm for the position of risk internship/summer position etc.

    I guess you work at UBS. And I don't understand why did they hire you?

    You said that you work on weekends. What kind of bank opens and teaches you on weekends? (I know that at investment banks people work late night and on weekends too but why will a bank overtime to his permanent employees so that they can come on weekend and teach you)

    If you are really working in an investment bank then either the position is very low/unknown or you are very lucky.
    Didn't he say that he works at a French IB so it can't be UBS...I'm guessing SG.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by universal_set)
    No, you don't have basic knowledge because you failed to answer the basic financial risk questions.

    OK, let's do it again?

    Does a bond price fluctuate with fluctuations in interest rate? What is the easiest way to calculate spot rate in risk? Can you give an example of duration hedging for sale of ease let's say the portfolio consists of two bonds. Is it true that a single interest rate correspond to bonds of different maturities? What are two basic methods to calculate the exposure to non-parallel shifts?

    These are the basic interview questions asked by any big to small size bank or financial firm for the position of risk internship/summer position etc.

    I guess you work at UBS. And I don't understand why did they hire you?

    You said that you work on weekends. What kind of bank opens and teaches you on weekends? (I know that at investment banks people work late night and on weekends too but why will a bank overtime to his permanent employees so that they can come on weekend and teach you)

    If you are really working in an investment bank then either the position is very low/unknown or you are very lucky.
    I don't work at UBS and I don't work on weekends but whatever suits your fancy.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by yl95)
    Didn't he say that he works at a French IB so it can't be UBS...I'm guessing SG.
    BNP Paribas is an even bigger french bank, weird how you jumped straight to SG.

    Well going to break my fast so take care guys.
    Offline

    14
    ReputationRep:
    (Original post by Abdul-Karim)
    I don't work at UBS and I don't work on weekends but whatever suits your fancy.
    OK, not at UBS. Still, no bank hires a candidate with zero financial knowledge.

    I guess you are just attending free seminars organized by banks in which they give introductory literature about what they do

    But where are the answers? OR at least try to answer one question.
    Offline

    14
    ReputationRep:
    (Original post by universal_set)
    No, you don't have basic knowledge because you failed to answer the basic financial risk questions.

    OK, let's do it again?

    Does a bond price fluctuate with fluctuations in interest rate? What is the easiest way to calculate spot rate in risk? Can you give an example of duration hedging for sale of ease let's say the portfolio consists of two bonds. Is it true that a single interest rate correspond to bonds of different maturities? What are two basic methods to calculate the exposure to non-parallel shifts?

    These are the basic interview questions asked by any big to small size bank or financial firm for the position of risk internship/summer position etc.

    .
    You don't necessarily need to know that stuff for a penultimate year summer internship, let alone a pre-university one.
    Offline

    5
    ReputationRep:
    (Original post by Abdul-Karim)
    BNP Paribas is an even bigger french bank, weird how you jumped straight to SG.

    Well going to break my fast so take care guys.
    I Googled 'French investment bank', hah. Forgot about BNP, oh dear.
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by universal_set)
    OK, not at UBS. Still, no bank hires a candidate with zero financial knowledge.

    I guess you are just attending free seminars organized by banks in which they give introductory literature about what they do

    But where are the answers? OR at least try to answer one question.
    Oh didn't realise I'm attending an 8 week free one day seminar in which I accidently had to hand in a P46 :lol:.

    My bad. My security card has access to trading floor though .

    Well.. one of the two that's in the building.
    Offline

    16
    ReputationRep:
    Do you work in the City as a full-time job?
    Offline

    14
    ReputationRep:
    (Original post by Cutmeloose)
    You don't necessarily need to know that stuff for a penultimate year summer internship, let alone a pre-university one.
    Yes it is basic knowledge & it is required
    You can confirm it from Dr Yves Nosbusch, I guess he sits on 3rd floor in Old Building. He specializes in financial risk analysis
    Offline

    14
    ReputationRep:
    How did you get your summer internship?
    Offline

    14
    ReputationRep:
    (Original post by universal_set)
    Yes it is basic knowledge & it is required
    You can confirm it from Dr Yves Nosbusch, I guess he sits on 3rd floor in Old Building. He specializes in financial risk analysis
    Not sure if serious, but it's not. Interviewed for summer internships and it's definitely not required across the board.
    Offline

    0
    ReputationRep:
    (Original post by Law-Hopeful)
    Do you mean Louis Vuitton?
    (Original post by Mubariz)
    Lol.

    Na he goes for the cheap ones.

    His trainers are Mike

    Posted from TSR Mobile
    • Thread Starter
    Offline

    20
    ReputationRep:
    (Original post by EatAndRevise)
    Do you work in the City as a full-time job?
    I'm a summer intern. Mon-Fri for the duration of the summer holiday.

    (Original post by thechemistress)
    How did you get your summer internship?
    Networking

    (Original post by universal_set)
    Yes it is basic knowledge & it is required
    You can confirm it from Dr Yves Nosbusch, I guess he sits on 3rd floor in Old Building. He specializes in financial risk analysis
    Begs the question.. how did a retard like me get one?

    PS that post is *******s, people go in with less financial knowledge than the questions you've asked. I know at BAML, analysts get flown up to NY for finance classes/training session in the first week.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    What newspaper do you read/prefer?
    Useful resources
    AtCTs

    Ask the Community Team

    Got a question about the site content or our moderation? Ask here.

    Welcome Lounge

    Welcome Lounge

    We're a friendly bunch. Post here if you're new to TSR.

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.