There’s no denying that interviews are an important part of the hiring process in every organization. They provide a perfect opportunity for human resource managers to get to know you. They also give you a chance to know if the position and the organization are the right fit for you.
Interviews are a two-way street but despite that, a lot of people exit the interview room without asking questions. You may be a recent graduate or just looking to change jobs, yet a key strategy to ace investment banking interviews is to ask questions.
Preparing thoughtful questions will help you stand out and gain valuable insights about the organization you hope to work for. This can vary from the organization’s culture to its professional development. The bottom line is that there are a lot of questions about investment banking that you can ask.
Investment Banking Questions that Candidates Can Ask Potential Employers
It’s safe for you to start preparing for your interview as soon as you’re shortlisted for one. Start by visiting the organization’s website and reading news on them if there is any. Then look into the competition and check out their social media accounts.
Preparing for the interview will help you to come up with moreo targeted and informed questions for the interviewer. If you don’t have time to prepare, the questions below are generic enough and you ask them during any interview.
1. Questions About the Position
These questions relate to the exact position for which a candidate is being interviewed. It’s important that you ask additional questions. You must, however, avoid those that the interviewers might have already addressed during the first part of the interview. Here are some of the questions:
- What’s a normal working day like in this position?
- What kind of projects is the team currently working on?
- Are there any examples of past projects that are available for review?
- What challenges have former occupants of this position faced?
- What resources has the organization made available for this position?
- What kind of training and qualifications is an ideal candidate expected to have?
- Is the organization looking for a candidate with a specific skill to fill when it comes to investment banking knowledge?
2. Questions on Personal Development
Investment banking interview questions on professional development are a great way to increase your knowledge about the industry. Asking these questions will help you see how the organization handles professional development requests.
In this section, you’ll find the most updated and recent data on the best interview questions and answers, as well as a variety of resources that may be useful to anyone facing an interview of any kind. Here are examples of professional development questions that you can ask:
- Are there any investment banking mentors in the organization?
- Does the organization support employees’ attendance at industry conferences?
- Am I allowed to take part in professional development seminars outside the office?
- Does the organization provide employees with any support for obtaining advanced degrees?
- Is there any training that’s provided during or after the onboarding process?
3. Questions on Career Advancement and Performance Reviews
Questions on performance review procedures and the possibility of future advancement are important. They serve to show the interviewer that you hope to work for the organization for a long time. Here are some of the questions:
- Does the organization have incentive measures for its employees?
- How often are the employees reviewed either formally or informally?
- Are there recognition and reward programs for the best-performing employees?
- What are the most important goals for this position in the first three months?
- What goals would you like to see an employee in this position meet in the first year?
4. Questions to Ask About Competitors
This is where you show the deepest level of insight in investment banking interviews. It would be a huge advantage for you to go beyond the organization and look at its competitors in the industry:
- What are this organization’s strategic objectives?
- What is it that you do better compared to your competition?
- What does the competition do better when compared to you?
- Can you kindly tell me more about the organization’s mission and vision?
5. Questions for the Interviewer
Note that the interviewer has personal insights into what it’s like to work at your dream organization. Thus, you need to ask the following questions to understand what it’s like from their perspective:
- What has your experience been like working for this organization?
- What aspects of the organization do you like most?
- Have there been changes in the organization’s culture since you joined it?
- What makes this organization the best place to work in the industry?
- What challenges have you experienced while working at this organization?
- What motivates you to keep working for this organization?
6. Questions on Hierarchy and the Team at the Organization
You need to find out how the organization structures its employees. You also need to learn about the members of your potential team by asking the following questions:
- Who is in charge of supervising this position?
- How many people do you have on the team currently?
- What description would you have for the team’s dynamic?
- What are the chances that you’ll have more hires in this department?
- Is there open communication between the management team with rank-and-file employees?
7. Questions About the Organization
You may have questions about the structure, goals, and history of the organization. Do the following questions relate to the general knowledge of the organization?
- What’s the organization’s turnover?
- Where is the organization likely to be in five years?
- In what ways do the employees embody the organization’s values?
- What are the organization’s overall goals this financial year?
- Does the organization anticipate any changes in the next few years?
- What changes has the organization experienced since it started meeting the demands in the evolving marketplace?
8. Questions on What to Expect After the Interview
It’s important that you ask these questions at the tail end of the interview. This will help you know what to expect after leaving:
- Do you have any concerns in terms of my suitability for the job?
- How soon should I expect to hear the results of the interview?
- Is there any other information or documentation that you may need?
- Are there any final questions that you’d like to ask?
It’s important to stay positive during your interview. Navigating the current job market and securing your dream job may seem out of reach. But carefully planning for the investment banking process interview questions will get you one step closer to your goals.
While narrowing down the questions you’ll ask, thoroughly research the organization and the position for which you are applying. This article should help you prepare for an investment banking interview. Remember to send a thank you email once you leave the interview.