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assessment centers
What does an investment banking associate do?
How to you become an Investment Banking Associate?
Investment Banking Associates are typically fresh MBA graduates with a couple of years of professional experience (not necessarily in banking or finance), or analysts that have been promoted to the next level. In the US MBAs are the majority but in the rest of the world and London analyst promotes are the majority
Associates from MBA programmes go through a very similar process to analysts, but the interviews are much more focused on technical skills and leadership abilities, which are key skills for an associate
What does an investment banking analyst do?
How do you get hired an an investment banking analyst?
In London, most of the analysts are hired from the best Undergraduate and Master Degree programmes of top universities across Europe – everything except MBA programmes and some PhD programmes (those will join as associates).
How to answer: "Do you have any questions for me?"
After having gone through all the online tests, case studies, presentations and the whole investment banking application process, the last 5 or 10min of your interviews will always end with "Do you have any questions for me?"
While this part of the interview is not the most critical one, many applicants still manage to destroy their chances by asking the wrong questions, or not knowing what to ask.
Investment Banking Assessment Centers - An Overview
Investment Banking Assessment centres are simply extended periods of interviews organised by London investment banks, and held at specific locations (such as a hotel, or in the bank itself). Those interviews can include numerical and verbal exercises, case studies, and more traditional face to face interviews, either in group or individually, often both. Assessment centers are targeted at small groups of candidates that have already passed online numerical and verbal tests, and that have also usually passed a first round of phone interviews.
How to answer "why investment banking"
For students and graduates, besides the technical questions,CVs, questions and brainteasers, this is a question you WILL get during asked at interviews: "Why investment banking?"
There is no engineered answer for this, but, based on our experience of interviewing candidates, the best answers are:
1) The learning curve in investment banking is very steep and you want to learn a lot and take on new challenges
