I just had a phone interview for a pretty big finance internship. Interviewer called me and asked me with a cold un,emotional voice to walk him through my resumé
>resumé/past job experience not particularly relevant
>rest of the interview is purely technical
>get 4 questions
>shaky answer on 1
>completely miss 1 ("I have no idea.")
>Says he's done with questions, asks me if I have any questions
>I say no (mistake I know) and goodbye
How fucked am I? Will they at least email me to tell me I'm not fit for the job?
I feel disgusting
I feel like it could have gone so much better but the person interviewing me just seemed so emotionless and heartless. This was also a freshman/sophomore position, and I was shocked by the difficulty of questions they were asking. Hardest question:
You're straddling a stock with an underlying value of $50. What is the ideal (∆ option price) / (∆ stock value).
I had no fucking idea.
He was fielding out your skills, the junior level stuff anyone can do, if you spend enough time working there you'll receive the bigger projects. Basically he wanted to see how long it might take to train you
Not in that line of business but my manager often has me at meetings with Hr at IBM and if there is one thing those guys love its motivation. Confidence varies, but ideas and thoughts on the positition is actually for many student jobs, weighed above school/unique competencies
Hope this is a paid role OP, they are expectng a lot from someone who wouldnt have even graduated uni yet - valuation knowledge, VBA and macros etc seems pretty hardcore for someone who hasnt even graduated yet.
>"working with Financial Advisors and their team to provide support"
Is this an internship for a team of financial advisors? If so, you're probably going to be doing a lot more coffee and doughnut runs and setting up marketing events than coding macros or valuing stocks.
I wouldn't sweat it if you don't get a call back. I was an intern with a team in the Merrill Lynch Private Bank in college and quit after five months. It looked good on my resume, but the work was bullshit and it is really hard to make it in wealth management coming right out of college.
Most of the job is marketing and trying to kiss the clients' asses. The actual financial analysis/portfolio management was pretty simple/mundane stuff. If you're a people person and you like to schmooze and create fancy bullshit marketing materials, private wealth management might be good for you (and obviously some people do make a lot of money doing it). It didn't fit my personality at all though and I ended up going into M&A consulting, which I find a lot more satisfying.