Tag: interview

Internship Interview: Questions and Answers

Got five minutes? Great! Here are the top five questions you should be prepared to answer before any internship interview. The art of interviewing well includes knowing how to respond to the most popular types of interview questions.

If you feel nervous about being interviewed, we encourage you to practice answering the following foundational questions. Remember, you initially took the time to prepare an outstanding application (which got you to this stage in the first place) so continue this trend and take the time to prepare for the interview.

Of course, please take more than five minutes to actually prepare for your interview.  Practice the answers to these questions—in fact, master them:

1. Tell me about yourself?

The interviewer’s intent of asking this question is to get to know you. Your goal, however, is for the interviewer to remember you. Be brief by keeping answers to 60 seconds or less. One way of doing this is to open up by introducing where you are from and by directly stating what you are currently doing (student or working professional). Proceed to discuss your academic of professional interests and list 1-3 past experiences supporting your interests. Conclude by stating the reason(s) for applying to the internship.

2.  What are your strengths and weaknesses?

The intent of this question is to learn more about your competencies and your motivation to improve your weak ones. Prepare to discuss at least 3 strengths and 3 weaknesses.

Most candidates get nervous at the thought of divulging weaknesses. After all, isn’t stating a weakness a bad thing?  It actually is not if you are choosing to do something about. Herein lies the strategy; first, stay away from cliché and ineffective answers such as “perfectionist” or “workaholic.” Second, always follow a statement about a weakness with a statement describing what you are doing to improve upon it.

For instance, if you have struggled in the past with public speaking, you could state, “However, by learning to collaborate within smaller teams and joining leadership positions on campus, I am learning to give speeches and short announcements to larger crowds…”

Also remember that the lack of experience in a given field can be a weakness but that transferable skills or experience may make up for it. For instance, “While I have never worked in a marketing position for a large nonprofit, I have taken classes in nonprofit management and I have volunteered for political campaigns where I learned to develop targeted messages.”

3.  Give me an example or a situation in which…

The intent of this question is to understand how you would respond to situational or work-place situations. By asking questions about your past, the interviewer may try to predict how you would handle and resolve future workplace situations, from deadlines to interacting with coworkers.

Individual questions vary, but typically, you should prepare at least 3 scenarios to cover any of these questions: (1) a situation in which you faced a conflict or difficulty at work or in school; (2) a situation in which you may have had difficulty with a supervisor, co-worker, or peer; and (3) a leadership opportunity or a project you were most proud of.

Where do you find examples?  Look at your resume. Remember, you can use also use experiences from school or from other prior internships or work.

To answer such questions, use a variation of the “STAR” technique: answer the question by retelling the situation
and stating the task at hand that was involved in the situation. Then describe how you acted (the action). End by revealing the results of your actions and how you resolved the situation. Using the STAR technique will keep your answers relevant and succinct.

4.  Let’s go over your resume (and what’s not on it).

The purpose of this question is to see how you discuss past educational and professional experiences. Seize this opportunity to successfully market yourself. An interviewer may start by going over your resume but end by asking you to provide more details on a variety of topics, whether it’s a project you’ve collaborated on, the time gaps in between jobs, and class subjects you enjoyed or least enjoyed.

This question is a big reason why you should know your resume inside and out. Aside from sounding confident and prepared, you will sound professional. So know your resume like the back of your hand. One strategy to help you highlight certain parts of your resume to the interviewer would be to prepare an “interview resume” to bring to the actual interview. This is a resume that has been slightly marked up with your notes. These notes could be extra information or qualities that are relevant to the internship description. If permitted, pull out the resume at the beginning of your interview so you can have your notes in front of you at all times.

5. What are your career goals (a.k.a. where do you see yourself in ___ years)?

Interviewers usually pose this question because they may be interested in knowing how serious you are in pursuing a given academic or professional field. In an internship context, this question should compel you to dig down and think about your career interests in the long term: Are you planning to go back to graduate school? Are you interested in gaining a few years of actual real-world experience? Would you like to work as a full-time staff member of an organization similar to the one you are applying for? There is no “right answer” but you do have to provide one that is insightful in that you have a plan to keep building your professional skills after your internship. Who knows, maybe your organization would like to know if you would be available for a permanent position after you complete your internship. And in that case, how you answer this becomes all the more important.

There you have it. To sum up, thoroughly prepare your answers on these 5 basic questions. In fact, have a friend drill you to help keep your answers brief and avoid rambling. Talk to a mirror. Repeat the answers in the shower.  Write your answers down and keep studying at it. The results: a successful interview and newfound confidence in your ability to interview well.

Next, get more career tips for internships and entry-level jobs such as 6 Ways to Impress Your Boss and find answers to common interview questions such as What Are Your Strengths?

How To Evaluate Entry-Level Job Fit in Your Interview

Interviews aren’t just for the employer to evaluate whether or not they should give you a job. They’re more of a 2-way conversation and an important opportunity for you to evaluate whether the company is a good fit. This evaluation is most important when considering where to start working after graduating from college. Your first job can set you on a path on to a successful career, or it can drastically confuse you and make it harder to figure out what to do next.

Here are a few tips to help you use your time and questions in an interview to best understand whether or not you actually want the job you’re interviewing for.

Pause and Reflect

Before you even consider preparing for your interview a great exercise is to take some time to reflect on what you think you want from your career, your first job, and what success means to you. The better you know yourself the smoother the interview will go. You’ll be able to answer questions confidently, honestly, and second-guess yourself far less often.

Read Into the Interview Process

How have you been treated during the job application and interview process? Has the employer been communicative and friendly? Have they set expectations clearly? Put yourself in the shoes of the company you are interviewing with and ask yourself if you’d be happy with the treatment the applicants have gotten?

The application process can tell you quite a bit about how the company values hiring and the importance of hiring the right people. Attention to detail and thoughtfulness is often a great sign that you’ll be happy and nurtured in your first role. If you’re being left in the dark frequently, it might be time to consider whether or not you really want to work for someone who apparently doesn’t care too much about hiring you.

Observe Body Language

When you’re meeting with employees at the company and answering their questions, try and read their body language when they talk about their company. Are they upbeat and optimistic? Do they hint at there being confict or trouble? The manner in which they communicate can often lead you to get a feel for how satisfying the day-to-day work is. If you’re getting bad signs from the employees, don’t necessarily dig in and ask them directly why they appear to be frustrated. Be tactful and ask them to elaborate more. Ask about personal interests of the employees that interview you. See if their body language changes when they’re talking about something you know they truly enjoy.

Don’t Sell Out

You don’t have a job. Your friends have jobs. Your family is breathing down your neck about what you’re going to do after graduation. You have mountains of debt to start paying off. You’ve had little success with interviewing, but this job feels like you can actually land it.

This is a relatively common scenario that leads to early entry-level job frustration. You go into the interview overly desperate and wind up taking a dead-end job that leads to more frustration, poor performance and reviews, and an early quarter-life crisis.

Instead of caving to your desperation and eating up everything the employer says during the interview, remain skeptical and listen thoroughly to everything they’re saying.

Ask About Motivation

Ask your potential employer what motivates their employees. Why are people there? Is is their passion for the company’s mission? Is it financial motivation? Business motivation? Their answer should align with your interests and desires. If you’re driven to help a particular cause, working at just any company isn’t good enough. Find the one where the people are particularly motivated to help that same cause.

Answer Their Questions Honestly

There’s often a lot of temptation in a job interview to provide the answers that you think the employer wants to hear. The more honest and transparent you are about your desires and goals, the more the employer (who should know their own company culture better than anyone) can help you assess whether or not you’d be a great fit.

What’s Next

Now that you’ve got a few additional tips to help you assess whether or not a company is a good fit, feel free to prep fully for the interview with our top 20 entry-level job interview questions.

If you think you’re going to take the job, feel free to move on and check out our guide to starting your entry-level job off on the right foot.

Next, get more career tips for internships and entry-level jobs such as What is an Entry-Level Job? and find answers to common interview questions such as What’s Your Dream Job?

How to Answer: Tell Me About Yourself

“Tell me about yourself,” is one of the most frequently asked questions in an interview. In fact, it’s usually the first one. The key to answering it well is to be concise but informative. Keep the answer to under 60 seconds and focus on how your skills and personality traits are related to the position you’re interviewing for.

Approach it as if you just wrote an autobiography and you have to summarize it in four sentences. Focus on the highlights: Talk about where you’re from, your major and your future goals. Then add on a sentence at the end that describes why you’re sitting in the interview and why you’d be a good fit for the role.

Here’s how to do it.

Talk about your background.

Answering this question well is about more than just mentioning your skills or professional experience. It’s also about putting those things into context with the rest of your life. At the beginning of your answer you should explain where you’re from, where you’re attending school and what you’re majoring in.

Describe your interests.

Next, talk a little bit about your interests including what led you to apply for the role. For example, if you’re passionate about journalism, explain why the field excites you and why you’d like to be a part of it.

Mention your past experience.

Once you’ve described your interests, explain how your past internship and work experience have shaped your decision to seek out this role. If you don’t have previous experience in the field (or a related on) you can talk about relevant classes you’ve taken or transferable skills you’ve developed through class projects or extracurriculars.

Explain why you’re excited about the opportunity.

Wrap up your answer with one sentence explaining why you’re excited about this opportunity. Be sure to mention something you admire about the position or the company, and connect it back to your goals.

Say something like: “I’m originally from New York City and I’m currently a Junior at UT Austin. I decided to study English because I’ve always loved reading and writing and studying literature in general. I’m now looking to gain experience in the world of journalism, a field I’m passionate about because of its ability to inform and engage readers. I’ve written extensively for my campus newspaper, reporting on campus news and events, and I’m excited to gain more valuable reporting experience by working on the types of stories your company publishes.”

Once you have your answer nailed down, practice it in the mirror several times. This will help you get comfortable with all the points you want to emphasize and will ensure that you sound confident without being stiff.

Answering “Tell me about yourself” is the first step in connecting with your interviewer and a great chance to distinguish yourself from the majority of candidates who may be fumbling over their answer. So practice your story to make sure it reflects the thoughtfulness and detail you’ve put into your response and go into the interview confident that you’ll be putting your best foot forward.

Next, get more career tips for internships and entry-level jobs such as 6 Things to Do in Your First Week at a New Job and find answers to common interview questions such as Tell Me About an Accomplishment That You’re Most Proud Of.

How to Answer: What Are Your Strengths?

 “What are your strengths?” is a go-to question for interviewers. The key to answering it correctly is knowing that the hiring manager is trying to find out not only what you’re good at, but also how your skills match up with the company’s needs. This is closely related to “What can you offer us that someone else can’t?” another common question you’ll encounter during the interview process, and it’s a great chance to show off your professional strengths while demonstrating that you’re a great fit for the position!

Here are some tips to help you answer this question perfectly.

Highlight your top 3 strengths.

Before your interview, start by making a list of 10 skills and personality traits you’re proud of. This should include everything from your technical skills (like writing or knowledge of social media platforms) to soft skills like your ability to make friends easily (which shows that you’re a people person), and education-based skills such as training from college classes or past internships. If you need help coming up with this list, try brainstorming with friends or asking professors to weigh in on what they think you’re really good at. Once you have your top 10 strengths, narrow it down to the 3 things you’re most proud of. Be self-aware but not too modest. It’s totally okay to say that you’re a talented writer or a great programmer, and being confident will impress your interviewer.

Pro tip: Be creative! You might be awesome at punctuality, but your interviewer has probably heard that from lots of other candidates already. Instead, figure out what sets you apart and lead with that. For example, if you’re applying for a position where you’ll be managing projects and you have previous project management experience, this is a great time to mention that!

Give concrete examples.

Once you’ve figured out your top 3 strengths, come up with 1-2 examples to back up each one. If you’re going to say that one of your greatest strengths is being organized, then make sure you have evidence to prove that. Preparing a script of this can be a good idea. In addition to making you more comfortable with your answer, it’ll also help you sound more authentic because you’ll be confident that the things you’re talking about are things you’re really great at.

Say something like: “I’m really strong at communication, leadership and project management. Whenever I’m working on a group project, I naturally take on the role of project manager, leading the team by assigning tasks and making sure that everyone knows what they’re responsible for. At my last internship, I was asked to manage a project involving our team of interns. I took the lead on assigning tasks to the team and used the project management platform Trello to ensure that everyone was up to speed on what was expected of them. I also made sure that team members were communicating with each other on a daily basis so that we didn’t fall behind.”

Relate your strengths back to the job.

Once you’ve outlined your strengths and given solid examples of how you display them, wrap up your answer by connecting your strengths back to the position you’re applying for. You don’t need to focus on how your strengths relate to the job specifically (since this can sound too practiced), but do mention why these skills would make you an asset to any team.

Say something like: “We were able to complete the project on time and under budget, delivering a successful solution that our manager was able to share with a client. This made me realize that project management, leadership and communication are things I’m good at, and I’m excited to continue applying those skills in a professional setting.”

Here’s how to bring it all together:

“I’m really strong at communication, leadership and project management. Whenever I’m working on a group project, I naturally take on the role of project manager, leading the team by assigning tasks and making sure that everyone knows what they’re responsible for. At my last internship, I was asked to manage a project involving our team of interns. I took the lead on assigning tasks to the team and used the project management platform Trello to ensure that everyone was up to speed on what was expected of them. I also made sure that team members were communicating with each other on a daily basis so that we didn’t fall behind. We were able to complete the project on time and under budget, delivering a successful solution that our manager was able to share with a client. This made me realize that project management, leadership and communication are things I’m good at, and I’m excited to continue applying those skills in a professional setting.”

Answering “What are your strengths?” is a great chance to highlight the things you’re great at and to show a potential employer that you’ve thought about what will make you a great addition to the team. Even if the interviewer doesn’t ask this question directly, finding a way to relate your strengths to the job you’re applying for is a key component of impressing the interviewer. By coming up with your top 3 strengths and giving thoughtful examples of each, you’ll have no problem showing that you’re the best person for the job.

 

Next, get more career tips for internships and entry-level jobs such as How to Use Social Media to Network Online and find answers to common interview questions such as Are You Willing to Travel?

What is An Interview?

Whether you’re applying for your first internship or an entry-level job after graduation, starting a job search is all about finding out what you need to succeed. Once you’ve created a strong resume and written a great cover letter, it’s time to learn about the next step in the process: the interview.

Even if you’ve never had an interview before, chances are you have some idea of what it involves — meeting with an employer and convincing them that you’re the best person for the job. That’s definitely the gist of it, but there’s more to it than that. Interviews are also a good opportunity to assess whether you’ll be happy in the role and working at the company.

Here are some other things you need to know about the interview process.

Why you’re being interviewed

Being invited for an interview is an honor in and of itself. It means that the employer is impressed by your resume and thinks you’re probably qualified for the position. The interview is the next step in the hiring process and a chance for them to find out whether you really are a good fit for the company and the role.

The best way to think of an interview is as a focused conversation where you and the hiring manager are exchanging information in order to come to a decision. For the interviewer, this means learning more about your experience, skill set, and personality. For you as a candidate, it means finding out about the employer’s needs and showing how you can add value if they decide to bring you on as part of the team. It’s also a chance to you to determine whether the role is right for you and whether the company is a place where you would really learn to thrive.

How to prepare for an interview

Whether it’s your first interview or your 10th, preparation is key. This involves knowing how to talk about your experience and skills, and also being aware of questions the interviewer is likely to ask. Since employers are essentially trying to find out things that weren’t included in your application, like whether you’re a good communicator or natural leader, the questions they ask will focus on these main points. While you can’t anticipate every question, you should prepare answers for a few of the most common ones like “Tell me about yourself” and “What are your strengths?”

Doing your research on the company and the position is also extremely important. This will allow you to show how your skills align with the role and to ask the interviewer in-depth questions that will help both parties come to a decision. For example, this is a great chance to learn about some of the challenges the company has encountered and what gaps they’d like the ideal candidate to fill.

Pro Tip: Interviews are a two-way street with you and the hiring manager mutually evaluating each other. Although it’s important to be enthusiastic and eager about landing the job, don’t be afraid to ask questions that will help you assess how well the job fits you.

Although it’s normal to be a little nervous if you’ve never had an interview before (or even if you have), with the right research and preparation you’ll be able to handle yourself with confidence and prove that you’re the best candidate for the job.

Next, get more career tips for internships and entry-level jobs such as How to Be a Team Player and find answers to common interview questions such as Tell Me About a Time You Failed.

Top 5 Software Developer Interview Questions

Being a software developer is an exciting opportunity to gain exposure to the tech industry and learn about innovative technologies first hand. If you’re considering a career as a developer, then you might be wondering what to expect from the interview and how you can set yourself up for success.

Here are some of the most common questions you’re likely to encounter during the interview process.

1. How do you interface with a team?

This question is considered a “fit” question and it’s designed to get a sense of the type of work environment you prefer to work in. Although culture fit questions are common in all types of interviews, the fit questions you’re likely to encounter during a tech interview are generally targeted towards getting a sense of how well you work with other team members and how comfortable you are working on software engineering processes on a team — including things like code review, version control and communication. To answer this question effectively, it’s important to talk about your prior experience of working with a team (either at a previous job or on a class project) and to explain how you approach working with others.

2. Tell me about a time that you had to build something and then support it.

Another common question you’re likely to encounter during a tech interview, this question is designed to test your understanding of the challenges engineers face when building technology for other people. The key to answering it well is demonstrating that you understand how to elicit feedback from end users and stakeholders, and that you know how to weave it into the product. From an engineering perspective, many employers want to see that you’re “thinking 100 steps ahead” but “building 10 steps ahead” — in other words, that you’re thinking ahead but not overengineering today.

3. Tell me about a project you worked on and explain how and why you chose to architect it the way you did.

This question is designed to test your critical thinking and problem-solving ability by asking you to describe the path you chose to take when architecting a specific project. When answering this question, it’s important to outline the steps you took in proceeding with the project and to explicitly state why you made certain decisions. For example, what tradeoffs did you consider when making those decisions? Mention this and be sure to justify why you chose the path you did. This will show the hiring manager that you’re thoughtful about your decisions, aware of possible drawbacks and that you take calculated risks when necessary.

4. What are some projects you’re working on in your spare time?

Being a great developer involves building your skill set by continuously learning new things. The best way to do that is by exploring projects on your own. When hiring managers ask this question, it’s because they want to know that you’re passionate about the work you do and that you’re learning about new technologies by working on one or more side-projects. A great way to answer this question is by referring to something you’re developing (or have developed) and highlighting the reason why the project is important to you. Are you trying to solve a specific problem or excited to try out a new programming language? Mention that and explain how it connects to the work you’ll be doing in the role you’re interviewing for.

Pro Tip: If you’re not currently working on any projects of your own but you’re collaborating on projects on an open source platform like Github, be sure to mention that. This is a great way to demonstrate that you’re involved in ongoing projects in the industry and eager to learn more.

5. Tell me about a project that completely failed.

Talking about your failures is never fun but being able to show that you’ve learned from them is extremely important, particularly when it comes to being an engineer. This is because failure is a crucial part of the programming process and being able to demonstrate that you’re resilient and able to iterate quickly will go a long way towards impressing the interviewer and showing them that you’re able to work well in an agile environment.

Interviewing for a job as a software developer might seem a bit intimidating at first but by knowing what to expect and how to prepare your answers, you’ll be sure to impress the hiring manager and get one step closer to landing the job.

Next, get more career tips for internships and entry-level jobs such as How to Be Effective in a Remote or Virtual Job and find answers to common interview questions such as Tell Me About Yourself.

How Much Should I be Paid at an Entry-Level Job?

Now that you’re ready to start searching for your first entry-level job, you probably have some questions about how a full-time job will differ from a part-time job or internship. For example, what can you reasonably expect to earn during your first one to two years of post-college employment and what are some other perks that can balance out an entry-level salary?

Here are some answers to commonly asked questions about salaries.

What is the average entry-level salary?

According to Glassdoor, the average entry-level job salary in the U.S. is $28,000, but that doesn’t necessarily mean that’s what you’ll make at your first post-college job. Compensation for entry-level jobs differs from field to field and city to city so in order to get an accurate sense of what you can expect to earn, it’s important to do your research on your chosen industry. That way, when you start receiving offers, you’ll know how your offer stacks up against others in the field.

How can you find out the entry-level salary for chosen field?

Luckily, researching industry-specific salaries is pretty easy, with sites like Payscale and Glassdoor providing clear salary information for recent graduates—just search by the entry-level position you’re curious about. You can use these sites to compare how entry-level jobs pay by region, since the same entry-level job is likely to pay significantly more in a place like New York City than in a smaller city or town where the cost of living is lower.

Pro Tip: Even if you know exactly what kind of position you want to land, do some research on other jobs within that industry and outside of it. This will give you more insight into the job market in general and help you consider the full range of opportunities available to you.

Can you negotiate an entry-level salary?

After you’ve gotten a good idea of what a general entry-level salary in your field looks like, it’s time to get specific. It’s helpful to take both your professional skill sets and the company you’re interested in into account. When thinking about your work experience and skill set, consider what skills could make you more valuable to an employer. Maybe you excelled at an internship, were able to freelance your way to an interesting resume or earned special academic honors for your killer schoolwork. Take these into account when filling out your application so that you give yourself the best chance of being offered the highest salary possible.

It’s important to note however, that in many cases negotiation isn’t an option for entry-level offers. This is especially the case for structured programs like finance, consulting and medicine, but can apply to other entry-level jobs as well. When considering a job offer, it’s therefore important to consider things beyond salary, such as culture, perks, vacation and benefits. That means making sure you’ve done your research on the company and thinking about what they can offer you that will make the experience a beneficial one. How much you’re comfortable being paid at an entry-level job can be influenced by what you think the experience can give you in a larger sense, outside of just a paycheck.

Jobs for recent graduates will offer different salaries based on where you’re looking to work and what you’d like to do, but once you have a solid idea of what your salary will be, you’ll be well-prepared to start your new career and take the first steps towards advancing in the field.

Next, get more career tips for internships and entry-level jobs such as What is an Entry-Level Job? and find answers to common interview questions such as How to Answer: Are You Willing to Relocate?

Top Investment Banking Interview Questions

If you’re interested in a career in investment banking, then you know that it’s a competitive field with plenty of challenges and opportunities. In order to prepare yourself to become an investment banker, it’s important to know not only what your career path will look like but also how to prepare for the interview process. The hiring process for investment banking typically consists of two to three rounds of interviews, with each round focusing on both technical questions and cultural fit questions.

Here are the top questions you’re likely to encounter during an entry-level investment banking interview.

1) Tell me about yourself.

This is often the first question in any interview and one you should always be prepared to answer. When interviewers ask this question during an investment banking interview, it’s because they want to know that you’re passionate about the field and that you can bring something unique to the table. The key to answering it well is to talk about your academic and personal background in a way that shows that you’d be a good fit for the position. For example, if you’ve been interested in finance for a long time and have been reading The Economist since middle school, you should mention that. Or, if you’re an English major with a newfound passion for financial markets and a minor in business, you should talk about how your diverse skill set can help you succeed in the industry. No matter what your background, being able to present yourself as a well-rounded individual with a genuine interest in finance will go a long way towards impressing the interviewer and helping you stand out from the crowd.

Pro Tip: Since banks are increasingly interested in hiring candidates with diverse backgrounds, don’t be intimidated if your background doesn’t include a business or finance major. Instead, focus on the skills and experience you can bring to the position and demonstrate how these will make you stand out.

2) Why do you want to work in investment banking?

When an interviewer asks this question it’s because they want to find out how passionate you are about becoming a banker. Since investment banking is a notoriously fast-paced and challenging industry, showing that you’ve done your homework and are truly interested in the field is a crucial part of convincing the interviewer that you’re aware of the challenges and willing to meet them. One of the keys to answering this question well is to show that you have a working knowledge of financial markets and a genuine interest in how deals get done. For example, if you recently read about an interesting technology merger in DealBook, be sure to mention why the merger piqued your interest and how that specific deal fits in with your more general interest in finance.

Pro Tip: Knowledge of financial markets and trends is particularly important when answering this question so being up-to-date on industry news and having two to three examples of relevant deals will show that you’re genuinely curious about the industry and well-prepared for the interview.

3) Why do you want to work for our bank in particular?

This question is designed to test your knowledge of the company you’re interviewing with and its position within the industry. The key to answering it well is to show that you know general financial information about the firm such as where their stock price is trading and what industries they focus on. The best way to find out this information is by reading through marketing and press materials on the company’s website and then doing additional research in trade publications such as American Banker and MarketWatch. If you’re interviewing for a position within a specific division, such as the natural resources group, it’s also important to talk about past deals that the firm has done and to mention how these deals have impacted the industry as a whole. Trade publications like the ones mentioned above will also come in handy here, helping to spotlight relevant deals that you can use as examples.

4) Where do you see yourself in five years?

Another question you’re likely to encounter in almost any interview, this question aims to find out more about your career plans and to determine how committed you are to a long-term career in banking. When preparing to answer this question, focus on how the role you’re applying for aligns with your future goals and explain why becoming a banker is a crucial part of your career path. For example, if you want to continue on the investment banking track and become a VP or managing director, talk about how the entry-level role you’re applying for will offer you the opportunity to advance in your career and achieve your goal within five years.

5) What are the ways of valuing a company?

This is one of the most challenging questions you’re likely to encounter during the interview process because it’s designed to test your technical knowledge of the field. In order to answer this question successfully, it’s important that you have a working knowledge of banking and understand valuation methodologies. The best way to develop this knowledge is by taking a business or finance class during your time in college and doing additional reading on sites such as Investopedia. By showing the interviewer that you understand the technical side of the position, you’ll also be demonstrating a willingness to learn and to become an integral part of the industry.

6) How many golf balls can fit in a Boeing 747 jet?

Another type of question you’ll encounter during the interview process is a brain teaser.
These questions are designed to test your critical thinking and problem-solving abilities and are often unrelated to the actual field of banking. In order to ensure that you’re not stumped by any of the brain teasers a hiring manager might throw your way, it’s important to practice several of these as you prepare for the interview. Luckily, sites such as Investment Banking Brain Teasers offer sample brain teasers and tips for coming up with solutions.

Pro Tip: Hiring managers are less interested in the answer itself than they are in seeing how you think through a problem. To demonstrate that you approach problems thoughtfully, be sure to ask follow-up questions and to “show your work” as you come up with your answer. For example, when answering the golf ball question, you could ask the interviewer whether the 747 is empty or full, or whether the cabin is pressurized. By showing that you’re able to come up with thoughtful solutions to problems, you’ll also be demonstrating your ability to understand complex ideas and business models, a crucial skill in any investment banking position.

Although the interview process for investment banking can be a challenging one, it’s also a wonderful opportunity to show potential employers that you’re enthusiastic, curious and knowledgeable about the field. By knowing what questions to anticipate and preparing your answers, you’ll be sure to impress the hiring manager and get one step closer to landing the job.

Next, get more career tips for internships and entry-level jobs such as 6 Ways to Impress Your New Boss and find answers to common interview questions such as Tell Me About Yourself.

Top Consulting Interview Questions and How to Answer Them

Management consulting is an exciting field with plenty of opportunities for consultants to develop effective business strategies and help clients thrive in their respective industries. If you’re interested in becoming a consultant, you may be wondering about the best way to approach the interview process. For example, what should you expect and how can you prepare?

First and foremost, it’s important to understand that the consulting interview process typically consists of two types of interviews: (1) Fit interviews (also called experience interviews), which focus on your skills, background and professional aspirations, and (2) case interviews, which focus on your ability to analyze and solve problems.

Here are the types of questions you can expect in each part of the interview and what you need to know to answer them successfully.

Fit Interview Questions

The fit interview focuses on your background, skill set and your interest in the role. A typical fit interview includes questions like, “Tell me about yourself” and “What are your strengths?” but also focuses on your leadership style and your interest in consulting. Some key questions you’re likely to encounter include:

Why are you interested in consulting?

This question is designed to test your knowledge of the industry and your interest in becoming a consultant. When an interviewer asks this, it’s because they want to know that you’re genuinely interested in consulting as a career path and that you’re committed to bringing value to the firm and to your clients. To answer this question effectively, focus on one or two aspects of consulting that appeal to you (for example, the opportunity to learn about various business models or to develop new marketing strategies) and explain why you find them appealing. In addition to talking about your interest in the industry, you should also talk about your skill set and why it makes you a good fit for the role. Since interviewers look for candidates who are able to solve challenging problems with creative solutions, being able to demonstrate your interest and your potential impact will go a long way towards impressing the interviewer.

Tell me about a time you displayed leadership.

One of the major skills required in consulting is leadership. This is because a large part of consulting involves working with a team to strategize, develop and implement solutions related to the problems businesses face. When preparing your answer to this question, it’s important to focus on a time when you demonstrated leadership and to highlight the outcome of that situation. For example, if you were responsible for managing a charity fundraising event for your sorority, you should outline the steps you took to organize the event and explain how those steps led to a successful outcome.

Why do you want to work for this firm?

This question is designed to test your knowledge of the consulting industry and your motivation for picking a specific firm. When answering this question, it’s important to highlight some of the key reasons for your interest in the firm you’re interviewing with. For example, if the firm is credited with pioneering a specific approach to marketing or revolutionizing a specific industry, mention this. You should also talk about the company’s values and how they align with your own. For example, if you have an entrepreneurial spirit and you want to work alongside others with the same drive, it’s important to highlight this in your answer. By demonstrating how your skills, interests and values align with the company you want to work for, you’re likely to impress the interviewer and get one step closer to landing the job.

Pro Tip: Doing your research on the firm you’re interviewing with is extremely important. You can do this by attending company info sessions on campus (if they’re offered) and by visiting the company’s website to learn more about their work and what they value. When preparing for your interview, focus on the aspects that really resonate with you and refer to those in your answers.

Case Interview Questions

The case interview is the counterpart to the fit interview and it’s designed to test your problem-solving ability. During this part of the interview, you’re likely to encounter questions that focus on your ability to assess a situation and provide a structured, solution-focused answer. The types of case interview questions you’re likely to encounter include:

Market-sizing questions

Market-sizing questions (also known as guesstimate questions) are designed to challenge your ability to come up with reasonable assumptions and estimations in situations where you have limited information. Questions can include things like, “How many wheelchairs are purchased annually in the U.S.?” or “How many people wear green on any given day in New York City?” To answer market-sizing questions, it’s important to ask relevant follow-up questions to gather additional information. Once you have all of the facts related to the case, you should come up with an answer that shows that you’ve considered the different factors at play in determining the size of the market (e.g. groups of people who are likely to be wheelchair users, age demographics, etc.) and then deliver the answer in a structured way, explaining your thought process along the way.

Pro Tip: Treating each case as a presentation is a great way to ensure that you’re structuring your answer in a clear and engaging way. In order to do this, you should sketch out your approach on a sheet of paper, explaining the different factors, the assumptions your draw from them and your answer.

Segmentation questions

Segmentation questions typically follow on from market-sizing questions and are focused on testing your understanding of more detailed market segments. Going back to the wheelchair example in the previous case, a segmentation follow-up question could be, “What are the different segments of the wheelchair market in the U.S.?” To answer this question effectively, it’s important to once again ask the interviewer questions designed to further your understanding of the case. For example, you can ask whether you should consider manual and electric wheelchairs separately or whether different types of healthcare facilities would constitute different segments. Once you’ve gathered the data, come up with a structured answer focused on three different segments of the market (in this case, those segments could be hospitals, healthcare facilities and personal users). When explaining your answer, be sure to touch on each of these segments and to explain the thought process behind each one.

Data analysis questions

Analyzing and summarizing data is a big part of a consultant’s day-to-day tasks, and data analysis questions are designed to test your ability to do this effectively. These questions typically involve being presented with data and asked to identify key insights related to business growth or market size. In order come up with a great answer, it’s important to analyze the various aspects of the data you’re presented with and to identify unusual or unexpected trends such price changes or sharp increases or decreases in sales. Once you’ve identified these insights, lay them out for the interviewer as you would in a presentation, referring to the original data for emphasis.

Value proposition questions

Being able to determine the value of a business is an extremely important part of being a consultant and value proposition questions are designed to test your understanding of this concept. An example of a value proposition question might be: “The client is a restaurant in San Francisco. Their main customers are locals from the Bay area. What are some factors that those customers look for in a restaurant?” To answer this question effectively, it’s important to first identify the different factors at play (type of food, location, price, etc.) and then come up with an answer based on how each of those factors would affect what customers look for in a restaurant. When presenting your answer, be sure to lay out the different factors you’ve outlined in a structured way, while explaining how each one impacts the overall value proposition of the restaurant.

Although consulting interviews often involve several different types of questions, the key to doing well is always the same: practice. Work with classmates and friends to run through fit and case interview questions and come prepared with relevant answers to questions you’re likely to encounter. Most of all, try to relax and enjoy the interview process.

Working in management consulting is a wonderful opportunity to learn about various types of businesses and to help companies reach their goals. And although interviewing for a management consulting role might seem a bit intimidating at first, by knowing what to expect and practicing for each part of the interview, you’ll be able to prove that you’re a great fit for the role and that you would be an asset to the company.

Next, get more career tips for internships and entry-level jobs such as Top 10 Things You Should Look For in a Company and find answers to common interview questions such as Tell Me About Yourself.

How to Prep for a Case Interview

One of the keys to becoming a management consultant is successfully navigating the interview process. This involves being able to talk about yourself and your experience during the fit (or experience) interview and also demonstrating your problem-solving abilities and analytical skills during the case interview. Although the case interview might seem a bit intimidating at first, with a good amount of practice and a structured approach, you can ace the questions and get one step closer to landing the job.

Here are some case study interview tips to help you prepare.

1. Know what to expect from a case interview

Case interviews consist of several questions designed to test your problem-solving abilities and your analytical skills. These questions come in three formats: 1) Creative questions such as, “What are the different segments of the wheelchair market in the United States?” 2) Market-sizing questions such as, “How big is the market for eyeglasses in the U.S. this year?” and 3) Analytical questions such as, “Given this data, synthesize and determine the best approach for entering the Indian market and doubling revenue of Company X.”

While there may be some people who have a natural ability to answer these types of questions, most people need to establish a framework for solving these sorts of problems. This is where having a structured approach comes in.

Here’s how to come up with your answer:

Frameworking: Lay out a logical path to the answer by analyzing each part of the question in turn and then looking at the question as a whole. You can use specific frameworks to do this (which you can find in prep books like Case in Point), but you should keep in mind that you need to be able to adapt these frameworks to the particular question you’re answering.

Data gathering: Ask questions that will give you a better understanding of the problem and use the answers to reframe your thinking. Once you’ve obtained some additional information, repeat it back to the interviewer to make sure that you didn’t miss anything. After all of the information has been presented and you’ve asked your follow-up questions, you can ask the interviewer a final catch-all question like, “Is there anything else I should know about?” This will give the interviewer a chance to offer you any remaining information before you begin your analysis.

Pro Tip: If you’re going to make an assumption during the data gathering process, you should be explicit and tell the interviewer the exact assumption you’re making. This will show them that you’re approaching the problem thoughtfully and filling in the gaps in a strategic way.

Analysis: Once you have your framework in place and you’ve gathered the necessary data, ask the interviewer for 30 seconds to analyze the information. Then, combine this information with your own assumptions about the problem to come up with your answer. Having sheets of paper in front of you and actually drawing out slides in front of the interviewer can be especially effective here since consulting relies heavily on presentations to deliver solutions to clients. Be sure to explain every step of your analysis as you go through it since this will give the interviewer a chance to step in if you make a mistake or go the wrong way.

Recommendation: Now take the output and turn it into something actionable that the client can use, ensuring that your insights are data-driven and your assumptions are explicitly stated. For example, if you’ve discovered that a client’s product does best with a millennial consumer base and millennials are much more likely to buy these sorts of products online, your recommendation could be that the client increase their eCommerce efforts, focusing specifically on promoting their products through Amazon and Facebook.

Delivery: The way you deliver the solution is as important as the solution itself. Combining an articulate, structured, confident approach with humility is key here since you need to be able to convince the client that your solution is both solid and data-driven, while also leaving room to make adjustments as needed.

2. Practice interviewing with other people

Being able to solve problems quickly and consistently is all about practice. This is especially true because case interviews don’t test what you know, they test how you think. The most important skills to develop are mental agility and consistency, and practicing with others is the only want to ensure that you can develop these skills effectively. This is for two reasons: The first is that you’ll get feedback on different aspects of your problem-solving and communication skills and the second is that you’ll learn how to communicate your answers clearly to a broad range of people.

3. Look at everyday problems as case studies

Analyzing case studies from a book will certainly go a long way towards preparing you for the interview process but to really train your brain to think analytically and creatively all the time, it’s important to start thinking about everyday issues in the same way you would a case study. To do this, it’s not necessarily important to create real-life scenarios that relate to specific types of questions (creative, analytical or otherwise) but to practice shaping your thoughts and decisions in a very structured way. It’s important to remember that practicing for the case interview is about training your brain to think of the world at large as a problem waiting to be solved.

By knowing what to expect from the interview process and coming up with a structured approach for analyzing case studies, you’ll be sure to navigate your case interview successfully and make a great impression on the interviewer.

Next, get more career tips for internships and entry-level jobs such as 6 Things to Do in Your First Week at a New Job and find answers to common interview questions such as Are You Willing to Travel?