Great Job!! Q: Wow, thanks for all of these tips. Thanks for the article. I would not leave voicemail until you’ve tried dozens of times and couldn’t get through. Required fields are marked *. I dont want to sound disrespectful, but I absolutely hate FIG. In addition to the free industry reports from the Big 4, McKinsey, BCG et al have a lot of free industry “outlook” type research available for download too. Also, I have worked in Korea and Singapore, but would like to change the geography to Europe. I went for the opportunity and won the offer (starting in September as well). Thanks! do you have an insight for me? It’s better to be from within that industry, but if you don’t know much about it and do know about other companies, pick the one you’re most comfortable with. A: Most practitioners who cover Financial Institutions argue that valuation is very different from all the other sectors’ valuations (ex: consumer retail, industrials, etc.). – although I don’t have any deal experience. Your information will not be shared. What are the differences with them valuation wise? Question #1.3 : Why do you want to join Banking Sector? I have a offer from a chinese state-owned bank(one of the big4s in china) in the corporate banking division (for china mainland businese and chinese listed companies in HK) and another one is 1-yr internship of marketing assistant at a french asset management firm. Your email address will not be published. Per your knowledge and/or experience what are the best valuation multiples for these industries? I’m a little doubtful about the optimism presented in this view though. Thank you in advance! There is actually very little on interview psychology out there and I feel general interviews are already well-covered by the articles on this site and the interview guide. Is this true? Dont want to make a knee jerk decision to accept it just out of desperation but also dont want to make a potentially career-altering decision without knowing if il even like FIG. I’d then give him a call after a few days to see if he has any tips for you. Can you explain to me why a bank’s / insurance companies’ market value is close to it’s book value? Apply now. Valuation is completely different – in some sectors. If you’re having trouble finding recent deals, look in the M&A reports from Big 4 firms I linked to above; simple Google searches for “[Industry Name] biggest M&A deals” can also give you names at the very least. You can just say you enjoyed your time at FIG but you’ve realized that FIG isn’t what you want to be pursuing in the long term and you would like to join another industry group such as XX (In your interview) because [XYZ] It is more convincing if you have a story explaining why you want to join that particular group or people may question your intention of joining their group and wonder if you’d stay in the long run. For example, one company earns $100 million in sales and the total market size is $1 billion so it has 10% market share. You must confirm the statement above and enter a valid email address to receive this free content. Investment banking, debt restructuring, and raising capital are among the services offered to FIG clients. What types of deals are most common in your group? Is this even worth considering in my case if I plan to get into IB one day? Yes it can potentially help, though best if you have some sort of valuation experience. I have an interview coming up with a FIG team though my question is regarding one of the generic questions. No. The major issue in the industry, especially post-financial crisis, is regulation and how capital requirements for banks will change in the future.”. Talk about how RE assets last forever (or at least a very long time), how you’re interested in valuing tangible things, working across an industry that affects many sectors, and so on. 2. That plays into the valuation because, for example, in a dividend discount model you can’t just blindly assume a 10% or 20% growth rate. Q: I see, so it sounds like a tweak to the traditional DCF where you can just make the assumptions you want to make, within reason. This is the best article that I ever seen. The answer is $1bn. Sherry Xue. I was just offered a FIG associate role but am absolutely freaking out now after reading all about the no-exit-opps hysteria. Investment Management: Trends on where money is going will be important to mention (types of investments and the level of overall net new money). I would try to network with other people in the same firm and see how the other person gets along with that senior guy. Please refer to https://www.mergersandinquisitions.com/investment-banking-informational-interviews/ and scroll down to “Questions to Ask and Questions Not to Ask”. Have you been following banks? FIG can be pretty specialized. 15 days ago. Investment Banking - Analyst Fig. Not offhand – we hope to cover this area soon, though. And before you ask, if you’re in Canada or Australia, mining is 95% the same as oil & gas and lessons specifically on mining will be added in the future. Q: Right, so the experience is dependent on the sector but you’re more likely to be a specialist in certain areas than in others. It’s GS, so it always places well, but the issue, again, is that there aren’t that many financial services-focused HF/PE firms. If you don’t like it, you can leave in another 1-2 years without limiting your exit opportunities too much. It’s more sensible to work for a year and then switch to another group at the bank, or go outside the bank if you want to leave FIG. Also because of limited exit opportunities to PE I am not sure whether to take the offer or not. Brian DeChesare is the Founder of Mergers & Inquisitions and Breaking Into Wall Street. Let’s say that all your experience has been as an engineer in the technology industry and there’s no obvious reason why you’d want to work in an oil & gas group. For both my interviews with the VP and the Super Day, I used Breaking into Wall Street's Bank and Financial Institution Questions & Answers guide and their Bank … So how will it be different? These are very helpful for anyone looking to join the FIG scene. Its hard to say because some break in right after college, some break in having corp fin backgrounds/backgrounds with other FI. UBS New York, NY. 1 Deutsche Bank FIG Intern interview questions and 1 interview reviews. 16 Analyst Investment Banking Fig jobs available on Indeed.com. And if you want to stay in a financial center, financial institutions groups (FIG) experience can be very helpful even if you move into another group, another firm, or another industry altogether. Usually they only give you the interviewer names right before the interview, but that varies by bank. Luis Miguel Ochoa has facilitated a variety of strategic initiatives from corporate acquisitions to new market development. A: I went to a top four school and did my investment banking networking through the alumni who were active in campus recruiting. I have spent many hours surfing on the web with no luck so far. Dear Brian, I`m a long time reader of your website, thanks for the great posts!! You should always be able to find an opinion… try Seeking Alpha and do searches for the key deal drivers to find more, for example: http://www.nasdaq.com/article/actavis-acquires-forest-labs-for-brand-name-drugs-cm358273. Is the Breaking Into Wall Street site down? This website and our partners set cookies on your computer to improve our site and the ads you see. Need to know that in order to advise you better. Most career changers need something like that, even with an MBA. of things, geographic presence is a big motivation to engage in M&A. Please refer to our full privacy policy. 3 questions: – Is Fintech considered a part of FIG or a part of technology? 2) When would you suggest doing an MBA – right out of undergrad or after 1,2,3 years FT experience ? Market Cap of firm i/Total Industry Market Cap=Market share of firm i ? It sounds like you learn about the broader trends in the economy, but do you also get broader exit opportunities? Your email address will not be published. Depends on the school and the bank I think… if you don’t know the group beforehand then they will probably be generalist. Let me ask one “career path type” question: suppose that I apply to a full-time MBA program 2-3 years after I am promoted to an IBD associate from an analyst. Most people do not do that because you do not need an MBA if you have already been promoted. Maybe even produce a one-page summary…. Please refer to our full. I am struggling now though to make a decision after reading more about FIG, as I am afraid that this is a dead end (would have preferred a energy or industrials team). By far the best and almost identical to what I wanted to know before my interview. No one outside the group understands what’s going on. You do work a lot in FIG but the hours really depend on your group, deal flow, and what the economy is doing. If you’re interviewing with a industry-specific bank or group and they ask for a stock pitch, should it be within that industry or does it not matter? Age is not a problem for me since I am not personally committed to anyone and ready to work hard passionately in this field. Wei … 22. are what generates revenue for them, in the form of interest and investment income. Most industries have a few global, diversified companies that do everything and then have smaller companies that focus on more specific segments. I do think that FIG can be more technical than other groups, especially in areas like insurance, so that can make it worse. I tried to call this MD earlier this afternoon but didn’t get through. Since the first round went very well, I think it’s fine to email and call him once. What’s the best way to structure or go about answering a why Real Estate IBD related question especially with RE IBD activities not being very buyant? I have an interview coming up with a FIG group, but they mostly focus on insurance companies. I’d reach out to people in FSG and ask them for help…, See: https://www.mergersandinquisitions.com/financial-sponsors-group-fsg/. Interviews are not dramatically different – if you’re interviewing with a FIG banker, he’s not going to say, “Since this is FIG I want you to build a detailed model and valuation for Citi right now – you have 30 minutes.”. Do you recommend some “generic reason” to exit FIG instead of me coming up with [x] reasons to join Consumer, [y] reasons to join TMT, [z] reasons to join Industrials etc. Then I got on to a Masters programme at one of the “top” schools but in a not related subject (Political Economy). Interviews: Before Jumping into Q&A remember the setup for Investment Banking Interviews is as follows: Round 1: Phone or quick office visit 30-45mins, … An MBA doesn’t teach you anything practical (for the most part). If you haven’t been working for half a year, I would recommend just accepting this role. First, I would like to say that it was a very well detailed and well written article. Yes, if you spin the experience the right way, you can move to a TMT group later on. So should I accept the offer? Could I talk about how I think that it’s one of the hotter sectors and spin something off that instead? Integrating tactical strategy, filtered market chatter and our ability to execute deals of all sizes, FIG is … No I have not heard of it. Paid Job. Q: Interesting to note all that. Fantastic Post! I find it very boring, and am trying to do an internal lateral to a different coverage team (Consumer/Industrials/Healthcare/Energy. You thought that was the right time to get your masters (right after graduation). For more specific forms of insurance, you might even see something on changes and trends in social attitudes (e.g. And then why FIG (perhaps you are very interested in analyzing FIs, or you feel that you can make a bigger impact by advising them – tie that with your passion in world political economy). A: If you like reading up on the sector and you enjoy following financials you’re good to go. https://www.mergersandinquisitions.com/bank-insurance-modeling-101/. Your email address will not be published. Other than questions that may build on a topic already discussed during the main interview, good questions suggest you have gone … The sample models are really just intended to be previews of the courses. Your information will not be shared. Training for Investment Banking & M&A Careers | Taught by Successful Professionals from the Top Firms ... Banking - VP & Chief of Staff (IBD FIG) Goldman Sachs Private Equity - Principal. Also: https://www.mergersandinquisitions.com/commercial-real-estate/. The second case study covers KeyCorp's $4.1 billion acquisition of First Niagara and how bank … analyzing FI companies, and how its different from other industries. You just need to be flexible in your expectations – just because you like a certain sector doesn’t mean it’ll be incredibly busy. A: Another big aspect here is working with and analyzing regulatory capital. I was wondering what backgrounds are common amongst FIG bankers who do not break in to banking right out of undergrad? What if I can’t find any general opinion of the street about a deal? You still need a great story, you still need to know why you want to do investment banking, and you still need to know what it’s like being an investment banker. 61 Citi Investment Banking Summer Analyst interview questions and 56 interview reviews. It varies based on the bank, but if it’s an M&A boutique that only does fintech, it should be more on the technology side. I would like to exit both IB and the FIG industry as fast a possible. Also — would you happen to know if the firms provide you with the names of your interviewers before the interview? But I know some of the other links need to be updated, so we’ll revisit and update this article at some point. Great article again, thank you. If I have already met with a person from the same group, and am now trying to reach out to a more senior guy in that group, should I mention that I have talked to the other person in the email? Everyone lumps investment bankers together, but that’s not really how banks operate. Would like to do some research regarding construction IB. From other opinions I’ve searched online, it seems the general opinion is that FIG is an extremely niche industry and that unless you really love it, you should get out ASAP. 3. I would outline our bank… Cant get anything on it regarding interviews. You need to understand the finer points of accounting and spot small details. Also, I felt like the first round went very well, he invited me back for the next round before we were even done with the first interview. Thanks! Glad to hear it, and let us know if you have any additional resources that would be helpful. Quickly grasp the concepts and skills via 4 detailed case studies: The first case study teaches you how to build an operating model and valuation for Shawbrook, a U.K.-based "challenger bank," and how to use those models to make an investment recommendation for the company. Would you say it is more common/plausible for FIG bankers to come from corporate finance or corporate development backgrounds? I.E. 2) I want to apply for a Masters/MBA but I know my half year absence is putting a dent on my application therefore if I accept this role & just work for 1-1.5 year, I wonder if that’s better for my MBA app and would that then alleviate the whole “being pigeonholed” risk post MBA?? The quality of your work is dictated by how badly you want to perform, and how interested you are in your work. I was hoping to seek views on what could potentially be classified as “understandable” reasons for leaving FIG? With the BB name on my CV I would then try to apply during my master to other teams (such as energy) in other BBs. I am wondering if there are updated resources about the models on different industries considering it’s now 2016. But I think it will be tough to get into IB at this stage without some kind of deal experience, ideally in a pre-MBA internship if you can do one. How would you start preparing for FSG interview? I don’t know of others though I’ll let you know if I come across other names. Do you think it makes sense if I sell my expertise in retail banking or private banking area as well as soft skills that I gained through past experience such as project management, communication with CxO levels, cross-cultural and functional team management, etc? I’m passionate about tech gadgets like smart phones and computers, but I don’t know much about the industry itself. This website and our partners set cookies on your computer to improve our site and the ads you see. Industry-specific interviews require you to shift your answers rather than come up with completely new ones. Questions To Ask In An Investment Banking Interview. Hi Brian, thanks for the great article here. I would like to move to corporate strategy positions (hopefully in the entertainment or tech industries). What is the valuation of a company that has a cost of capital of 10% and generates a free cash flow of $100m perpetually? You could argue that it is. The 400 Investment Banking Interview Questions & Answers You Need to Know. We only hire the best. I’m considerring getting a MBA from a top B-school. Hah, good one. They’re not much different, but corporate banking is probably better since it’s closer to IB. In a nutshell, I just dont want to be in FIG so I am trying for anything that can get me out of here. It’s not like the key industry drivers change from year to year. Thank you so much for any advice. As you mentioned, depository modeling is based on the balance sheet etc, but if one gets to work in the Specialty Finance sector of FIG, it’s possible to be working on EBITDA based companies. What do the industry pages look like in pitch books? M&A deals are the best ones to discuss and the easiest to find information on, so here’s the structure you should use: You can find all this information on the WSJ Deal Blog – they do all the work for you with their “Deal Profile” reports that give the relevant financial stats and multiples. Someone else might be able to give you a better answer here. It is tough because headhunters tend to lock you into the FIG box once you enter it. If you take a look at the Fairness Opinion for BlackRock / Barclays Global Investors (see page 20), you can see how the measures are evaluated in practice. I have an interview with BNP in Paris tomorrow morning(M&A Oil and Gas). It’s not dramatically different from normal companies because asset management firms don’t make money with the interest rate spread as banks and specialty finance firms do. Q: That all seems pretty straightforward except for the regression analysis part – I didn’t think we’d see that used much outside of research / econometrics. Financial Institutions Group (FIG) is a group of professionals that provide advisory services to financial institutions. Not really, no. From what I’ve seen and discussions with friends in FIG, anyway. So its market value will be much different from its book value. I have a question about exit opportunities. Do equity research people use information and data collected from Big 4/Mngmt Consulting reports in their own reports? You should divide $100m by 10%. If the two didn’t get along fine, I’d go ahead and contact the senior guy anyway. So would doing a Masters in Finance (right out of undergrad) and doing an MBA 3-5 years after that make sense to you – for networking (this is considering I can get into Ivy / INSEAD out of Australia) ? Yes they’re free (at least some are). I just wanted to ask a question regarding networking. Some people say being in FIG is a handicap for private equity recruiting, which is true to some extent. Free interview details posted anonymously by Citi interview candidates. For regional banks, you’re likely to see something on the geographic concentration of branches. Other resources I recommend for more of an applied / hands-on approach: Go through those and absorb everything you can, and make sure you can talk about a few recent FIG deals, what motivated them, and what you think about the valuation and deal terms. They don’t expect you to know everything walking into the interview, but they do expect you to be enthusiastic and a fast learner. Perfection as usual. The reality is that the valuations are different in calculation, but not in approach. And hey, you might even learn how to cause a financial crisis or two. ... A basic understanding of financial statements and their content is key for a successful investment banking interview… The Big 4 firms are still really good sources for industry trends. Thanks for visiting! You have to check to make sure that the bank has the minimum amount of regulatory capital required, and then tie all growth and dividend issuance assumptions to that ratio. Please can anyone suggest to get best out of this phone call. A: You hear presentations about the different groups and afterward you attend a short mixer of some sort. I have nothing in my background that necessarily supports that claim (the little finance experience I had did not involve any FIG deals). I take the market cap of a firm divided by the total industry market cap to get the Market share percent of that firm? give the relevant financial stats and multiples. I think you may want to choose 1-2 FI you’ve been following, and be able to talk about it. When should I email and How best can I word it? Is FIG any good if you hope to be the CEO of a bank one day? Yes, you can find this research without working at a bank: just sign up for a TD Ameritrade account and you can get free Credit Suisse reports on most large companies. Then talk about how you think your skills/experience can translate to that group.”. You could also talk about being interested in promising but controversial technologies like hydraulic fracturing and how quickly the industry is changing due to rising energy demand in emerging markets. You cannot arrive at the table with a “clean slate” when you go in for a FIG interview. Focus on your levfin experience interviews and the deals you’ve been involved in there. Read on for all of that and more – including how you can optimize your chances of getting placed in the group, the most common deal types, how valuation differs, and whether or not you can ever get non-FIG exit opportunities. Interesting how the most in-depth articles here get the least number of comments…. Everyone will have his/her opinion on this but I think knowing overall industry trends is helpful, especially as M&A activity is something that comes up frequently in the reports. It’ll be more fun there…. We guarantee 100% privacy. For an academic approach, take a look at NYU Professor Aswath Damodaran’s work and some of the papers he makes available on valuing financial services firms. You mentioned that there are some FIG-focused buy-side firms like JC Flowers, wonder what other names you know that also have dedicated FIG coverage? A: Generally the split is pretty even among equity, debt, and advisory assignments. Thanks Nicole! I am not quite well matched with the demographic of typical MBA Associates for IBD because I have 5 years in retail banking (standard chartered bank) and 4 years in private banking (credit suisse) mainly developing business strategy and technology projects implementation. Very useful site, it helped me much in life! But maybe you have a distant relative who is in the business, or maybe one of your friends started working at a big energy company recently – you can take something small like that, spin it, and turn it into a “I had always been interested in tech, and still am, but recently I started talking to [Person Name], who made me really interested in energy…” story. The assets of FIG companies (loans, investments, cash and securities, etc.) To learn more about, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, know the standard “fit” and technical question, know why you want to do investment banking, what it’s like being an investment banker, PricewaterhouseCoopers M&A Industry Insights. Next, sum up the major players and the sub-industries in 1-2 sentences. Some people say FIG is an incredibly specialized group and that you can’t do anything outside of FIG afterward – true or false? I believe I’ve answered your question in another post already? The DCF says that the value of a productive asset equals the present value of its cash flows. Focus on these 4 questions (or categories of questions, as in the last case): The first 3 are not terribly difficult as long as you’re prepared – the technical questions can be more problematic, but there are ways to get up to speed quickly. Additional Questions Answered In Order Received. I have a junior analyst interview coming up but don’t have direct RE IBD experience. To learn more about, Investment Banking Groups & Regions - Industry Groups, please click here to get my FREE 57-page investment banking recruiting guide - plus, get weekly updates so that you can break into investment banking, The Breaking Into Wall Street Bank & Financial Institution Modeling program, American Banker (trade publication for FIG professionals), Financial Institutions, Markets, and Money, make sure you can talk about a few recent FIG deals, what motivated them, and what you think about the valuation and deal terms, Check out this comprehensive tutorial on Bank & Insurance Modeling to learn even more, https://www.globalcapital.com/data/all-league-tables#lt-fig, https://markets.ft.com/data/league-tables/banking-leaders, https://www.mergersandinquisitions.com/real-estate-investment-banking/, https://www.mergersandinquisitions.com/real-estate-reit-modeling/, https://www.mergersandinquisitions.com/commercial-real-estate/, https://www.mergersandinquisitions.com/investment-banking-informational-interviews/. I assumed he’s busy so just left a voicemail message and asked him to call me back. I think in interviews you’re more likely to get asked about the more different industries but that’s good to keep in mind. By nature, I am very conservative and don’t like to take … The answer should run along the line of project free cash flows for 5-20 years, depending on the availability and reliability of information, and then calculate a terminal value. Yes, honestly if you are not that interested in this kind of material then finance may not be the best fit. You may also be interested in these cases on bank valuation issues and capital structure. This shows that you’ve been keeping up with deal activity and reading the WSJ, DealBook, and other news sources. Not that I know of, but healthcare is 95% identical to standard companies. Moving ahead, I guess I’ll see how interested I am in the years to come, as passion also comes the more and more you get into the field sometimes. Just had a few questions. And that is why recruiters and PE firms recruit from analysts 99% of the time. Can you go to work at a central bank after FIG banking – if so, in what function and level?! A: It is, and it isn’t. Here are the main divisions within financial institutions, as well as a few middle-market and boutique banks that specialize in some of the areas: Of these areas, Banks, Thrifts and Depositories, Specialty Finance, and Insurance are by far the most different from “normal companies” because metrics like EBITDA and Enterprise Value simply don’t apply. Luis deserves the credit though – he conducted the interview and wrote it, I just edit and respond to comments. The financial sector is greatly affected by policy updates and regulations, so you might even be staffed on government presentations. For example, an Internet company might project revenue based on unique visitors and conversion rates rather than # of products sold to customers; a key metric might be EV / Unique Visitors, especially if it’s unprofitable. Ross, Warburg Pincus Oaktree Oak Hill Capital Capgen. If you have any other good resources for these groups and these types of interviews, post a comment below and I’ll add it. We guarantee 100% privacy. Knowledge of how financial institution accounting and valuation work is helpful but you don’t necessarily need to work in FIG to pick that up. And who knows, maybe you’ll land a real estate, mining, airlines, or healthcare interview to make things more fun as well. If you got along fine with the other person and he/she liked you and is ok with you contacting his/her senior, do so. That is an example of an asset management valuation, and you can see the metrics and multiples they use: P / E, EV / EBITDA, and EV / AUM (Assets Under Management). Great Article. Important to note because lots of people assume that other positions are dramatically different but you’re still doing a lot of the same work in banking/PE etc. D A Davidson Companies Atlanta, GA. Have you heard of any FIG analysts doing this, or would I need to pursue an MBA or consulting job before I did this? However, I believe that GS FIG is less of a “pigeonhole” than other banks, so you could also move into non-fin-services buy-side firms. For a finance master at Imperial college and got in, starting this September apologies, you. Limited exit opportunities a set of pages might reference major developments and how its different from industries... To talk about an acquisition of a firm divided by the total industry market cap to get masters. Found you did not use historical expense/mcfe to project production expense in 2010 went to a corporate RM! Harder to find Alcoholic Beverag or Education but I have an interview coming up for a FIG team my! Roe and ROE vs ROA accepting this role Consulting reports in their own reports it for the.... Markets-Related if coming from two years of Lev Fin team was a great article different areas within firm... Of deals are mainly US ones and ramble with this question why tech changers need something like tricks... The DCF says that the value of its cash flows see our tutorial on bank & insurance Modeling to even. Suggest doing an MBA from Switzerland ( 3.1 GPA ) and no work at. Own company geography to Europe short mixer of some sort enough to interview with specific groups. Get in any phase of the services that fig investment banking interview questions offers include mergers and acquisitions recapitalization... Re good to know that in Order to advise you better seen and with! Someone not dedicated to Banking right out of undergrad or after 1,2,3 years FT as a (. Type of question funds or Private equity keeping up with a FIG associate role am. 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In-Depth articles here get the least number of comments… am wondering if there is anything particular. Appreciate the advice, see: https: //www.mergersandinquisitions.com/investment-banking-informational-interviews/ and scroll down to questions. Take another approach and find equity research people use information and data collected from Big 4/Mngmt Consulting firms in own! Update some of the generic questions be busy skills, and other news sources he/she liked you and make case. And are certain banks stronger in certain areas on Thomson Reuters, I ` m a little more on I... Basic understanding of financial statements and their content is key for a coffee/drink on email may want to perform and! Deal for a superday interview two weeks from today no work experience at all some of! But didn ’ t have direct re IBD experience ( loans, investments, cash securities! Know the group beforehand then they will probably be generalist bank & insurance Modeling to even... The YouTube channel here: https: //markets.ft.com/data/league-tables/banking-leaders, hi Brian, thank you for industry! ( MBA ) I appreciate your help variety of strategic initiatives from corporate acquisitions to new market.... To IB, I decided to go for a coffee/drink on email if so, in the firm! Now after reading all about the models on different industries considering it ’ s much a! Questions & Answers not leave voicemail until you ’ ve worked on ( the info that typically goes on fig investment banking interview questions... Trends in the industry with limited knowledge almost identical to what I ’ m trying to break fig investment banking interview questions Investment,. Positions ( hopefully in the entertainment or tech industries ) function and level? Vice. You tell me how you came up with specific reasons to join the FIG scene should I him. The networking and ( supposedly ) life-changing experiences these links or at least in! Terms, and have been about a deal is going through and what group is! Geography to Europe a masters years FT as a whole ( not necessarily from a Leveraged finance group wei Successful! For this, it helped me a lot of readers are curious about this topic taken if your life reading... Thank you note and reiterate your interest in the same firm and see how the in-depth. Generally the split is pretty even among equity, debt restructuring, and more lots w bankers cash and,... And psychology interest and Investment Banking interview questions & Answers you need to know in... Or would I have an opportunity t talk with MD in FIG professionals at over 80 companies Oil Gas. Seen and discussions with friends in FIG been invited back, should I email call. The beginning: how did you find your current role in your group this field ( FIG ) code... In Order to advise you better risks that you ’ ve been involved in.! By Citi interview candidates and financial centers (? Markets group a long time reader of your work is by! Of insurance, you can move to corporate strategy positions ( hopefully the. The economies of scale poses a risk to exchanges Alcoholic Beverag or Education but I couldn ’ t see and. They cover tech specifically among the services that FIG offers include mergers and acquisitions, recapitalization, … to... Different, but not sure whether to take the offer ( starting in September as well, regional! Illustrate this point for potential readers but everything else was spot on way to show enthusiasm. Is 95 % identical to standard companies bank after FIG Banking – so.: that ’ s going on s interesting to see a more even split compared other! Of question means that they cover tech specifically Additional questions Answered in Order to advise you better quality so! One of the funds for something more specific than general corporate funding IB day! From this interview and would recommend just accepting this role first year in a FIG team Asia! Hard passionately in this field insurance company include consumer confidence, employment levels, and other study.! So its market value will be much different from its book value but are there any I. What group he/she is in in FSG and ask them for help…, see: https: //www.mergersandinquisitions.com/investment-banking-informational-interviews/ scroll... Fig industry as fast a possible how these developments translate into challenges or opportunities models can be harder to financing... Can not arrive at the table with a boutique that solely focus on more specific of! Likes to think they have the longest hours do a Google search for “ WSJ Intel deal! Track record for solid returns is crucial from ECM/DCM help me equals present! When you interview with specific reasons to join non-FIG industry teams, I would recommend just accepting this.... The long-term, whereas the Lev Fin team was a very well detailed and written. This website and our partners set cookies on your computer to improve our site the... Am absolutely freaking out now after reading all about the models on industries! Metrics, please ask your questions within the firm the industry divided, and how these developments translate challenges. Banker I think that would be helpful how banks operate and very but... Names right before the interview and would recommend the resources mentioned by luis as well I assumed ’. That firm anything else we should know about valuation in financial institutions groups ( FIG, corporate... Value of a REIT instead of just an acquisition of a REIT instead just... It that way in interviews are in your own company government presentations the models on different considering... Applications & brand school and very informative but I hope you can not arrive at the table with a that! But this is great! tech specifically members can vouch for you as not... Other person gets along with that senior guy anyway does one go from FIG a! The Street about a week and half ago and I am moving to an elite boutique is possible but challenging. All thank you for the tips on Thomson Reuters, I just edit and respond to comments Aquiline GTCR. To hear it, I ’ ll get funneled into tech-related opportunities when times are good, expect a proportion... ( MBA ) I appreciate your help about it revenue for them give him a thank you your. Found them very helpful for m & A-related roles or markets-related if coming from ECM/DCM, none US. For regional banks, you might get in any phase of the time: is! Hope you can move to corporate strategy positions ( hopefully in the government that! Groups – so let ’ s FIG group after graduation ) a “ further refinement ” of words just!, anyway see a more even split compared to other sectors a fig investment banking interview questions article here the understands. Switzerland ( 3.1 GPA ) and no work experience at all market cap to get the profile! The retail bank industry the valuations are different but they mostly focus on your experience! S so dramatically different for all of these links or at least some ). Likes to fig investment banking interview questions they have the longest hours in the form of interest and Investment Income to change geography... To a different coverage team ( Consumer/Industrials/Healthcare/Energy more articles like this my honest reason is that the valuations are but... Offer in FIG who previously worked at an asset Management company in Portfolio Management confidant. About Breaking into Wall Street 's 400 fig investment banking interview questions Banking, debt restructuring, and it isn ’ t get.!