Login






BMW Garage  BMW Meets  Register  Search  Today's Posts  Mark Forums Read 

BMW 3Series (E90 E92) Forum
>
IB Job interview ?


03022011, 10:51 PM  #1 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

IB Job interview ?
Hey guys..im hoping someone here could help me out..ill have an interview in a week or so with an investment bank and they are going to give me a math test ..my buddy said it was basic highschool math...anyone got anything more specific?
thanks in advance
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
03022011, 11:00 PM  #2 
Lieutenant
41
Rep 469
Posts 
does your buddy work at that IB?

Appreciate
0

03022011, 11:54 PM  #4 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

S&T
sales assistant to my understanding its a middlemarket firm
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

03032011, 12:06 AM  #5  
Captain
23
Rep 694
Posts 
Quote:
What's your major? I wouldn't expect it to be that hard, they hire people from all different backgrounds, not just finance people. Being willing to bust your ass is much more important than being smart.
__________________
Black Dakota  Aluminum  Sport  Premium  Cold  iDrive  CA


Appreciate
0

03032011, 12:10 AM  #6 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

thanks man...my buddy works on their advisory side and said it was basic...
i majored in econ and finance im thinking it will be easy but i cannot afford to mess something like this up.... its just an assistant/associate role but they said within 3 years they expect the candidate to move into an actual equity sales role managing accounts and soforth
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

03032011, 12:25 AM  #7  
Captain
23
Rep 694
Posts 
Quote:
Part 1 Part 2
__________________
Black Dakota  Aluminum  Sport  Premium  Cold  iDrive  CA


Appreciate
0

03032011, 01:41 AM  #8 
meh
50
Rep 1,758
Posts 
I have a bit of experience with these interviews. One time I was about five minutes into a second round interview and out of nowhere, the recruiter asks me what is "ten over fivefactorial." My dumb ass tries to do this as fast as possible so I blurt out "1/24" and before I could correct myself (answer was 1/12) she said that was all and they had no more questions. Be careful and take your time as accuracy counts more than speed.
The actual math was never difficult, you just have to know your probability and expected value. Here's a sample of the kinds of questions I have been asked in the first round for S&T positions: "You have a deck of 97 cards, numbered 197. The deck is shuffled randomly. Now I propose a game in which you draw five cards from the deck at random. If the cards come up in ascending order, I will pay you $10. Exactly how much are you willing to pay to play this game?" 
Appreciate
0

03032011, 12:24 PM  #9  
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

Quote:
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 

Appreciate
0

03032011, 12:35 PM  #10  
Lieutenant
41
Rep 469
Posts 
Quote:


Appreciate
0

03032011, 12:39 PM  #11 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

also, thanks for the links to the podcast....
i went to their site..plan on spending all day on it..!
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

03032011, 12:39 PM  #12 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

03032011, 07:08 PM  #13 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

thanks again for the blogs guys
anyone else know of any other sites where I can get info on investment banking? mergersandinquisitions.com is good
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

03032011, 07:44 PM  #15 
Captain
23
Rep 694
Posts 
Bimmerpost app cuts off my post when I use the and sign for some reason.
M and I is my goto resource
__________________
Black Dakota  Aluminum  Sport  Premium  Cold  iDrive  CA

Appreciate
0

03042011, 02:30 PM  #16  
Captain
85
Rep 905
Posts 
Quote:
i remember those questions when i did my very first interview at a hedge fund here in chicago... if you want more of those types of practice questions, get the book Heard it on the Street.... its a fun read and has a lot of brain teaser type puzzles
__________________


Appreciate
0

03042011, 03:44 PM  #17 
Second Lieutenant
20
Rep 242
Posts 
What's the probability on the 197 card question? I'm not the most mathematically inclined person and can't figure out a good way through it. Do you have to treat it like an options pricing model or something?
Last edited by double_j; 03042011 at 03:53 PM. 
Appreciate
0

03042011, 04:36 PM  #18  
meh
50
Rep 1,758
Posts 
Quote:
The answer they look for is the ability to make the distinction that the actual numbers on the card do not matter such that their order is unchanged. So there is no difference between 1,2,3,4,5 (from a 5card deck) and 1,2,3,4,6 (from a 6card deck). In both instances, the cards are ordered in ascending order (as opposed to sequential order). In other words, you could draw five cards from a 97card deck: 1,15,23,72,91 and they are still in order. So now you can look back at the original problem with the 97card deck and draw 5 cards out at random. These 5 cards can now be considered to be a "new" 5card deck (and the numbers on them don't really matter so long as they are all unique). The probability of drawing 5 cards in ascending order out of any 5card deck is 1 divided by the total number of possible orders (5! = 120), thus the probability is 1/120. So, if you receive a payout is $10 once out of every 120 draws (on average), then you will want to pay less than $10/120 = $0.08 to play the game each time. No calculator was allowed and I was given a pencil and paper. Last edited by aut0sh0cker; 03042011 at 04:42 PM. 

Appreciate
0

03042011, 04:40 PM  #19 
Major
148
Rep 1,174
Posts
Drives: 13 C300 Sport
Join Date: Aug 2007
Location: BOS now..formerly SoCal

like a phuqing Boss ^^^
__________________
Retired: 08E92xZSPxSTYLE230xSADDLExPDCxPADDLExCOMFORT/JB3 tune
Current: 13 w204/white/sport/dynamicaamg interior/multimedia/rear roof spoiler/trunk spoiler/heated seats A fisherman always sees another fisherman from afar 
Appreciate
0

Bookmarks 
Thread Tools  Search this Thread 

