A typical standard Finance interview comprises of basic questions, like ‘ Walk me through your resume’, ‘Tell me about yourself’, ‘What are your hobbies?’ and ofcourse ‘Where do you see yourself in five years’?
However, interviews have evolved for various reasons: 1) There are a lot of candidates to choose from, particularly in the Finance domain, and being prepared for generic interview questions is not sufficient anymore. 2) Hiring is a costly affair, and it require significant investment of time and money in identifying and consequently training the right candidate.
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Usually, the HR, Line Managers and Business Heads all take out valuable, billable time to interview and they want to make sure that they have the right person for the job. Also, most people decide whether to hire or not within the first ten minutes – so how do you make those ten minutes count?
You need to approach your finance interview like you would a triathlon. Start well in advance, understand your strengths/ and weaknesses and prepare accordingly. Realize that these interview opportunities are hard to come by. Wasting them is not an option, and each of them needs to be targeted with a specific strategy and goal in mind.
Finance interviews in Tier 1/2 Banks and Financial Services firm are usually divided into the following:
- Aptitude Test & Logical Reasoning Test
- 2 Domain Interviews
- Personal Interview (HR and Business)
- Group Discussion (Optional)
Preparing for an Aptitude Test and Logical Reasoning Questions
- Learn to identify question patterns, and figure out a strategy to answer each question pattern.
- Tip: Download an aptitude test mobile app, and try and solve a few questions daily on your commute. This is a good site for practice- http://www.indiabix.com/online-test/aptitude-test/.
Logical Reasoning
- These questions are typically designed to understand if you are structured in your thought process. Some questions could be: how many fire hydrants are there in the city? or how many red cars in the city?
- Tip: There is no right answer here, and there is no possible way that interviewer knows the correct answer to these seemingly randow questions. You just need to think about a logical way to structure and breakdown this question.
Finance Domain Interviews
- Accountancy Basics
- Walk me through a Balance Sheet, PNL and Cash Flow statement
- How does a balance sheet differ by type of company?
- How do you depreciate an asset?
- What are the commonly used ratios?
- Valuation
- How do you value a company in under three minutes?
- How do value a unlisted company?
- What are the different types of valuation methodologies?
- What is CAPM?
- How do you go from unlevered beta to levered beta?
- Equity Research (if it is an Equity Research Role)
- Pitch me three stocks, give me a stock to buy, hold and sell
- How do you analyse an equity stock?
- What are the constituents of an equity research report?
- How do you evaluate risk in a portfolio?
- What is a high PE ratio mean for an industry?
- Mergers and Acquisitions (if it is an M&A job)
- What is the advantages of inorganic growth?
- What is control premium?
- What are the five major sources of synergy?
- Tell me about the three latest deals in the Indian M&A market
- What is winners curse?
- Financial Operations
- What is a derivative?
- What is a payoff cycle of a swap?
- What is the trade lifecycle?
- What role does Operations play in a Investment Bank?
- Personal Interview
- Walk me through your resume
- Talk me through your strengths and weaknesses?
- Tell me of a recent tough problem at work?
- How would your colleageues rate you?
- What are of finance interests you? Be prepared for questions in this area?
- o Do you have any hobbies? Remember to back up your hobbies with data, and be specific. For ex: reading is not a hobby neither is watching movies!
At Imarticus Learning, each of our programs is inbuilt with a Resume Building and Interview Workshop module. We have a database of questions that get typically asked depending on the type of interview. We also take mock interviews to make sure you are ready for your interview. Students are videoed so that they can understand what they are doing wrong.
To learn more about the Imarticus Learning, please contact us at www.imarticus.org.
Sonya Hooja
Sonya Hooja is Co-Founder and Chief Operating Officer at Imarticus. At Imarticus, she has developed business strategy, coordinated business development, implementation, as well as recruited top talent. She has launched placement and knowledge based programs to facilitated placements and up- skill individuals. Alongside, she has developed and managed the training design and curriculum, to ensure that it is in align to the industry requirements and constantly up-to-date
Prior to Imarticus, she has 10+ years of work experience at Accenture (Management Consulting), Goldman Sachs and the erstwhile Lehman Brothers. She has worked across US, Singapore and India. Her primary roles comprise strategy development and project management across diverse industries such as financial services, education, tourism public sector and pharmaceuticals.
Online Courses with CertificationQ. Are EasyShiksha's internships truly free?
Yes, all internships offered by EasyShiksha are completely free of charge.
Q. How can I apply for an internship with EasyShiksha?
You can apply by visiting our website, browsing available internships, and following the application instructions provided.
Q. What types of internships are available through EasyShiksha?
EasyShiksha offers a wide range of internships across technology, business, marketing, healthcare, and more. Opportunities are continuously updated.
Q. Will I receive a certificate upon completing an internship?
Yes, upon successful completion, you will receive a certificate recognizing your participation and achievements.
Q. Are EasyShiksha's internship certificates recognized by universities and employers?
Yes, the certificates are recognized by universities, colleges, and employers worldwide.
Q. Is the download of certificates free or paid?
Access to internships and courses is free, but there is a small fee to download certificates, covering administrative costs.
Q. When can I start the course?
You can choose any course and start immediately without delay.
Q. What are the course and session timings?
These are fully online courses. You can learn at any time and pace. We recommend following a routine, but it depends on your schedule.
Q. What will happen when my course is over?
After completion, you will have lifetime access to the course for future reference.
Q. Can I download the notes and study material?
Yes, you can access and download course materials and have lifetime access for future reference.
Q. What software/tools would be needed for the course?
All necessary software/tools will be shared during the training as needed.
Q. I’m unable to make a payment. What should I do?
Try using a different card or account. If the problem persists, email us at info@easyshiksha.com.
Q. Do I get the certificate in hard copy?
No, only a soft copy is provided, which can be downloaded and printed if required.
Q. The payment got deducted but shows “failed”. What to do?
Technical errors may cause this. The deducted amount will be returned to your account in 7-10 working days.
Q. Payment was successful but dashboard shows ‘Buy Now’?
Sometimes payment reflection is delayed. If it takes longer than 30 minutes, email info@easyshiksha.com with the payment screenshot.
Q. What is the refund policy?
If you face technical issues, you can request a refund. No refunds are issued once the certificate has been generated.
Q. Can I enroll in a single course?
Yes, select the course of interest, fill in the details, make payment, and start learning. You will also earn a certificate.
Q. My questions are not listed above. I need further help.
Contact us at info@easyshiksha.com for further assistance.
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