“What recent offers have you been interested in?”
You have to squash this, because a good answer here will show bankers that you possess 2 qualities that they love.

  • Find investment banking interesting – Because who else is crazy enough to read about mergers and acquisitions or IPOs in their spare time!
  • You can speak intelligently about it – assuming you give an answer in the correct way.

Unfortunately, this is a question that aspiring investment bankers often bombard on, so it is vital that you read our tips here very carefully.

What are the dangerous mistakes to avoid here?

First of all, do not choose an offer that is in the Headlines Of every damn financial paper

Bringing up Apple’s bid for Google seems loose and is a M&A deal that your interviewers will be too informed about for their analysis to be even slightly wrong.

On that note, don’t pick a deal the bank has done – especially the group with whom you are interviewing, or with any agreement that is not even remotely within your field of expertise.

Going to TMT to talk about Intel acquiring McAfee is a good example of insanity one might encounter, as is attending an interview with Supreme Resources MD Larry Larryson and chatting casually about CVRD’s offer for the deposits of zirconium from Banwanaland Inc.!

You see a slip in some random detail and they will take you to school. Avoid the central competition circle of bankers Like the bloody plague and you won’t get killer follow-up questions or get caught in a key analysis.

But … if you are incredibly well prepared in a deal in their core competence circle and they’re ready to get lyrical about it, then Take a chance and talk about Intel v McAfee!

Although it is high risk, and something that 80% of students should not opt ​​for, if you do it with smart analysis, you will slap the bankers with your passion and intellect for their area of ​​work. . It will look like a plug-n-play ready candidate.

How do you give a shocking answer?

To get started, find and study a little dark deal.

Just make sure it’s considerable enough that there are articles online or in print from which you can extract facts, data and opinions. No student I know has time to do ‘primary’ research after all!

It is important to tell the bankers why chose this deal because it will strengthen their claims of ‘passion for the IB’.

Before sharing your thoughts on the deal, give the bankers the bottom from him, even if he thinks they might know about the deal. This involves a 15 second summary about;

  • Parts – companies, advisers (including banks)
  • Numbers – think about price, multiple valuation, etc. please distinguish between rumored or real
  • panorama, or if done, the result

With them up to date, proceed to share your thoughts U.S;

  • If it is a good business and for whom – company A, company B, shareholders, suppliers, customers, etc. Importantly, you expose bankers with figures, data, and expert opinions in support of your thoughts, or you’ll end up sounding as grounded as “look at my shoes,” Perez Hilton!
  • The chances of the deal going through. If it’s done, talk about the success of the deal for the companies and advisers involved.
  • Anything else of interest, for example, how the competitive landscape will change in that industry, how regulators have responded, material risks, etc.

Then sit back and wait for the follow-up questions.

The bankers will want to quiz you on all the material topics you didn’t cover, but that’s okay. In fact it’s wise don’t share everything You know this directly because this will surely increase the difficulty of the follow-up questions.

Bankers can ask an alternate version of this question.

“Tell us about a recent offer we’re done that has interested you “.

To prepare for this question, you need to be really intimate with 1 or 2 deals that the bank has made. Naturally, this will hamper their chances of talking about a deal they are unfamiliar with.

Our advice then is to familiarize yourself with extra flavor (especially if you are attending an interview with an investment banking analyst) and make sure you preface your answer saying “Although I’m not an expert on that, the Hebeijiu-Apple merger interested me because …”.

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