Ok, so reading this particular post isn’t going to help you get a job. But I happen to feel strongly that asking applicants technical questions in interviews is silly (though few in banking share my viewpoint). Here’s why:
1. Banking is easy. That is to say, the knowledge that you need to be a successful investment banker is not that difficult to learn. “Banking is not rocket science.” You’ll hear that phrase thousands of times. It’s true.
2. You learn on the job. No matter how many corporate finance classes someone has taken, nobody comes into banking knowing how to value a company or do a model or put together a pitch.
Therefore, I don’t care if you’ve memorized the formula for WACC or the key assumptions of a Black-Scholes model. You need to be smart and you need to have the right attitude. Convince me of that and I’ll teach you to be a good banker.