INTERNSHIPS AT MAJOR I-BANKS -

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annihilator's picture
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Joined: 2007-12-12

HI THERE I AM SEARCHING FOR SOME SUCCESSFUL MAJOR I-BANKS CANDIDATES TO SHARE HOW DID THEY SUCCEED IN TAKING ALL THE ASSESSMENT TESTS AND INTERVIEWS.

I MA ASKING YOU BECAUSE I TRIED AT UBS BUT THE I WAS NOT QUITE PREPARED FOR THE ASSESSMENT TESTS SINCE I NOW GAIN INSIDES INTO MAJOR I-BANKS.I DID NOT KNOW THAT THE PROCESS FOR INTERNSHIP IS SO TOUGH. WOULD YOU PLEASE ANYONE HELP ME TO PREPARE FOR THE NEXT ASSESSMENT TEST THAT I HAVE TO TAK E WITH OTHER I-BANKS.DO ALL OF THEM HAVE THE SAME TESTS.
 
THANK YOU

Morphius's picture
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Joined: 2007-07-21

First, stop shouting.  Turn off your caps lock.Second, this is a forum for registered reps, not investment bankers.  If you don't know the difference you are not ready for whatever test they might give you. Third, you will improve your chances of passing any professional exam if you pay more attention to your spelling, punctuation and English usage skills.

Fixdincome's picture
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Joined: 2007-08-21

annihilator, have you heard of the giz mopper position at i-banks? Could be a good fit.

annihilator's picture
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Joined: 2007-12-12

thank you guys - you have been real inspiration to me. I appreciate what you have done. Really.....why is everyone so unfriendly and helpful? couldn't you be more polite and behave like real professionals not like boys who have just graduated...shame on you....
 
if anyone in is not interested in my spelling, punctuation and English usage skills but to have a nice chat, full of thoughts and echange of experience plase be my guest and have your reply here.

troll's picture
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Joined: 2004-11-29

Last time I checked, literacy was a requirement to be an investment banker....

Morphius's picture
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Joined: 2007-07-21

I repeat, do you even realize that you are asking your question in the wrong forum?!Investment banking has nothing to do with registered reps.  Zero. Zilch. Nada.  Get a clue.

cmg235s's picture
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Joined: 2007-10-23

You are in the wrong forum but I might be able to shed a little insight. I wanted to do the path of Investment Banking just like every other fresh MBA or Top 25 B-School grad does after seeing and hearing all of the $ that can be made. Actually, my next door neighbor is VP of I-Banking at Bank of America, which is no Goldman or Bear Stearns, but he does a lot of Muni Underwriting for Midwestern townships etc and local Co-Ops. However, once I read Monkey Business and a few other pertinent peices, I realized that it is not for me. Working with a bunch of Asians and Indians for 16 hours a day and traveling all the time sounded like the 7th ring of hell for me. (No offense Asians or Indians you just work circles around me and your accents make me cringe)
The best thing for you to do is to register under www.thevault.com and pay the annual fee where you there you can forum with other like-minded individuals that will give you some insight. When I was an Analyst out of B-School, I worked with a former Goldman Sachs I-Banker who was in their Real Estate division in New York. He did that for several years and did some Corporate Strategy work for a start-up and ended up at a Utility company with me. So, it is not all that it is cracked up to be but if you want to impress men or women that have some sort of business savvy, you will by saying I am an I-Banker. You will make well above Six figures your first year......but not really. You will be working 90 hours a week, so you will really be making $50-$60K just like the rest of the Fresh MBA world does in your first year. Now some are luckier than others and know more people, so they make out better.  However, if you are worried about tests, they are all different. There will be a portion that will consist of something similiar to the Meyers-Briggs personality test and some portions of data sufficiency like the GMAT and standard Stats and Mathematics.
 
So, with that said, good luck to you and find a nice forum on the vault and you will have better luck. Don't be offended by people so easily. If you want to make it in our line of work you will need tough skin. If you want to make it in I-Banking it will be harder and your skin will need to be even tougher.
 
I remember 2 I-Banking Interview Questions:
 
1) Why are Man-Holes Round?
2) Standard Stat question regarding Marbles and two barrels for probability. You may want to brush up on that.
 
Good luck!!

cmg235s's picture
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Joined: 2007-10-23

Sorry, Morphius, I just realized that I messed up on a sentence because I did not proofread.

Morphius's picture
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Joined: 2007-07-21

cmg235s wrote:Sorry, Morphius, I just realized that I messed up on a sentence because I did not proofread. I hope you're kidding.  We all make typos - who cares?  It's a different matter if your post has numerous careless errors and is not even directed to the proper forum.  Who has time for that?

cmg235s's picture
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Joined: 2007-10-23

I was and very true. Sorry to name you out.

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