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How to understand enough about trading/markets to pass an interview
ive got a first round interview with lehman brothers for their graduate trading program.
one slight problem. i know nothing (technical) about trading. the interview will be next week. i know there is a reading list as a sticky but i dont have time to buy books and read them. all i know is you go long when you think the price will go up and short when you expect it to go down (something like you borrow the stock at time t and give it back at time t+1 and pay for it at the lower price). anyway, sample interview questions i could be asked (in addition to the usual teamwork, leadership etc) are: how do you value a company and how are financial statements interrelated? What do you consider to be the long-term global impact of the current price of oil? What time of year would a ski lodge be likely to need more financing? For what? Where do you believe the equity market is heading this year and why? any suggestions/help/advice greatly appreciated. i understand ill have to read the economist, FT, and a few other bits and bobs, but what else should i do? |
#2
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Re: How to understand enough about trading/markets to pass an intervie
Motley Fool: www.fool.com
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#3
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Re: How to understand enough about trading/markets to pass an intervie
thanks for the link. just reading over the site now.
i also just bought 2 books on amazon; "vault guide to finance interviews" and "vault career guide to investment banking". hopefully these should help. |
#4
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Re: How to understand enough about trading/markets to pass an intervie
i could have sent these to you via aim
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#5
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Re: How to understand enough about trading/markets to pass an intervie
[ QUOTE ]
thanks for the link. just reading over the site now. i also just bought 2 books on amazon; "vault guide to finance interviews" and "vault career guide to investment banking". hopefully these should help. [/ QUOTE ] vault guides are good, but the IB one will be close to useless in preparing for a trading interview. also, i tended to have more questions relating to projects/classes from my resume than the brain-teaser types that the vault guides tend to emphasize. |
#6
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Re: How to understand enough about trading/markets to pass an intervie
thanks for the replies.
im going to try to prepare answers for questions such as: firm + why trading questions go over my cv and be able to say for each part what skills i learnt, what i found hard about it. general questions about teamwork, communication, motivation questions trading questions such as interest rates, bonds, equities market. is there anything else or any questions in particular i should try to go over? many thanks |
#7
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Re: How to understand enough about trading/markets to pass an intervie
For a recent first round trading interview, I got asked a bunch of basic math questions...multiplying 2 digit numbers in my head, adding my phone number, etc..they also asked a few questions where i had to basically calculate the EV of a certain game they made up. all of which you should be pretty confident with..being a poker player.
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#8
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Re: How to understand enough about trading/markets to pass an intervie
my trading questions:
if cpi is less than expected, what happens prob of pulling different color balls out of a bag 18*19 |
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