blog Bonorum et Malorum

30 days challenge: Be ready for your dream role in the global markets division of an investment bank

Written by Fmi.Online

In an investment bank, Global Markets work in tandem with corporate, institutional, and government clients to execute trades and manage risk while providing quality research content. It is one of the most lucrative divisions of an investment bank. Within this division, students can tap into front office roles such as sales or trading; middle office roles such as trade support, risk, compliance, product control or IT; or back office roles such as operations, legal, marketing or HR. If you have the opportunity to interview for such a role as an iBanker, you must prepare well for such a job. 

In this article, we take you through the various tips and tricks that can help you ace your job interview in 30 days to land your dream role.

1. Pay attention to the types of interview questions

You can be asked the same type of interview question in different ways. Hence, a spin in the language of the question should not faze you. For example, you may be asked “tell me about yourself” as “walk me through your resume,” “tell me about your journey so far,” “How would you describe yourself” and so on. 

You should already have a pitch ready as these are the most basic interview questions. Fumbling on this might seem like you are ill-prepared or struggle to explain who you are. You should spend about 30 minutes each day perfecting the answer to this question. Also, remember the interviewer has a copy of your resume so you don’t need to explain verbatim what’s on it. Make this answer interesting by starting off with a brief summary of yourself, then your professional and educational journey and closing it off with something unique about yourself such as a hobby, an adventure you might have been on, involvement with the community service etc. While this is an open-ended question and candidates do have the tendency to talk endlessly, prepare such that you can wrap up this answer in 3-4 minutes. 

  • “What’s your greatest strength?”
  • “What’s your greatest failure?”
  • “Tell me about a team activity that did not go as planned.”
  • “Why is your GPA on the low side?”
  • “What feedback did you receive from your most recent internship or job?

If you see an anomaly on your resume such as a gap period, a shorter stint job, low grades or anything, you should assume you would be asked about it, so you must have an answer prepared. 

Another way to go about it is to have the best stories of your life outlined in your mind – this may be a project or internship where you experienced success, a leadership story and also one where you may have faced failure but were able to learn from the challenge. It’s also advisable to have your strengths and weaknesses charted out in your mind as that makes up for a popular question. Then, you can adapt each of these stories to any question that you are asked. 

2. Boost your accounting/finance knowledge

  • Walk me through a cash flow statement.
  • I buy a piece of equipment, walk me through the impact on the 3 financial statements.
  • Why are increases in accounts receivable a cash reduction on the cash flow statement?
  • A company runs into financial distress and needs cash immediately. It sells a factory listed at $100 on its Balance Sheet for $80. What happens on the 3 statements, assuming a 40% tax rate?
  • What does it mean if a company’s Free Cash Flow is growing, but its Change in Working Capital is increasingly negative each year?

3. Demonstrate confidence and a winning attitude

No matter how well you prepare for your interview, you could still be hit with a question that you didn’t envision being asked. Or it might be a behavioural question as well. In such a situation, the interviewer is waiting to observe your attitude – do you panic, do you stay calm, do you ask follow up questions and so on. 

Think of this situation as an actual work scenario where you may be asked to do something you don’t fully comprehend. You would need to trust yourself and make an attempt at learning what the concept is. Similarly, an interview should mirror how you would act in the professional environment. Hence, stay confident as that would count as a major plus. Think of what you know about the topic, answer as coherently as you can, and be honest in communicating that you are eager to learn and have remarkable networking skills that can also aid your learning process. 


More Articles

Interview Prep

How to make a successful career in the derivatives market in 2023

A career in the derivatives market offers job paths of derivatives trader, derivative operations analyst and derivatives risk analyst. Traders need finance/economics degree, financial market knowledge and technical skills. Operations analysts need business administration/accounting degree and derivative knowledge. Risk analysts need risk management experience and education. The career is demanding but offers high compensation and growth opportunities.

Read more

Top 3 Strategies to Navigate a Successful Career in Global Markets

The traditional corporate structure has evolved as a result of technological advancements, process innovation, and cost-saving initiatives. While departments like HR have consolidated, technology plays a much wider role today. With increasing environmental concerns we can also observe the development of new departments like ESG, which requires interdisciplinary expertise from management, law, finance, etc.    As […]

Read more

How to communicate effectively with global counterparts – chasing front and middle office

You will often hear the same advice when asking an investment banker what it takes to succeed in the industry: being skilled at valuation, knowledge of Excel, technical skills, ability to work in teams, critical thinking, and time management. However, the one essential skill which is not always given credit is communication.  One of the […]

Read more
Investment Banking

9 Stages of the Merger and Acquisition Process

If you’re an aspiring investment banker, one of the major areas you work in can be mergers and acquisitions. This is the process of companies being consolidated either through merging or one company acquiring the other. Investment bankers, in M&As, assist with crucial aspects -— valuing the companies, analysing the financial health of the firms […]

Read more

How to Get an Interview Call for a Role in Capital Markets

Capital markets are the exchange place for long-term debt between those who have the capital to lend and those who need investments. Essentially, in a capital market, companies in need of money to launch or grow their business can gain access to it through banks and investors. The most widely known capital markets are the […]

Read more
Global Markets

Converting your internship into an offer – advice from a graduate recruiter

For a keen college student looking to break into the finance industry and gain work experience, an internship is a great choice. If you manage to get a place in such a coveted program, you will get first-hand insight into a top firm within a field that interests you. The company gets to test you […]

Read more

Do You Know The Difference Between A Broker, Dealer, And Market Maker?

Many people new to the financial markets come across the terms market maker, dealer, and broker. Can these terms be used interchangeably? If not, what are the differences and the attributes needed to succeed in each of the roles? The exact definition may depend on the company you work for or the region you are […]

Read more
Global Markets

Working on the Delta One Desk

In this white paper, we will explore the background of delta one desks, who their clients are, the products offered, why clients need these products, and finally, the recent market developments in this space.

Read more
Our Courses are designed to boost your career

Launch your career with Fmi’s Learning Pathway

Choose a learning pathway that best meets your needs and ambitions. Not sure which Fmi learning pathway is right for you? Explore our CareerBuddy videos for help and advice.

Investment banking pathway

Investment banking pathway

Monthly Subscription
  • courses-clock60+ hours
  • courses-desktop9 courses

Investment banking offers many exciting career opportunities for students. From Financial Analysts to Investment Management, and Sales & Trading to a wide range of roles in infrastructure such as IT, Risk or Compliance. This pathway is designed to help you understand the investment banking industry, the roles investment banks are recruiting for, and most importantly, help you to develop the practical skills you need to get into the industry and your preferred role whether this be as part of a school leaver, intern or graduate program.

FMI Online Student join-student-img2 FMI Online Student
55,000+ students currently enrolled
Global markets pathway

Global markets pathway

Monthly Subscription
  • courses-clock70+ hours
  • courses-desktop10 courses

Global markets provide a range of important products and services to corporates, institutions and governments worldwide from executing trades and managing risk to providing quality research content. A key business area in all investment banks, global markets offers a wide range of career paths for students to consider across all functions and at all levels from school leavers to internships through to graduate programs.

FMI Online Student join-student-img2 FMI Online Student
85,000+ students currently enrolled
Asset management pathway

Asset management pathway

Monthly Subscription
  • courses-clock50+ hours
  • courses-desktop8 courses

The asset management industry is a global industry worth over 100 trillion US dollars. It plays a crucial role in managing the assets of retail and institutional investors, offering a wide range of exciting careers in doing so. If you’re looking to forge a career in asset management, our Asset management pathway is perfect for you. We help you build the skills all asset managers are looking for and explore everything you need to know about the industry and the wide range of roles available in the sector

FMI Online Student join-student-img2 FMI Online Student
100,000+ students currently enrolled