Urgh...just got back from my Deutsche Bank 1st Round "Competancy based" interview.
Questions included:
1.) "We all know about the liquidity crisis. Explain the consequences to the economy of to much liquidity in the market?"
2.) How would you go about valuing a car company?
3.) Define "cash flow." (in the context of Discounted Cash Flow Analysis.)
4.) What are the benefits of a company financing its activity via equity/debt.
5.) Which is more expensive Equity or Debt? Justify your answer.
7.) What do you expect to do on a day to day basis as a summer analyst?
8.) How have your communication skills developed?
6.) Why should we NOT employ you?
Needless to say, I'm expecting a rejection soon enough.
Other students were from HEC Paris, Bocconi, ESADE Barcelona, Cambridge, Oxford, Bristol and suprisingly the USA.