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Perhaps the most nerve-wracking part of the Wall Street recruitment process is the interview session.We’ve heard the interview horror stories and we’ve seen the interview questions that will leave you feeling like a fool.
Fortunately, Goldman Sachs has put together a Careers Blog on its website, which also includes a bunch of helpful interview tips.
The interview is used to determine if you have the necessary skills and experience for the job, to see if you are motivated to do the job, to figure out if you will thrive in the company's culture and if the company is a good fit for you.
In preparation for the interview, Goldman Sachs suggests you answer these questions:
1. Which experiences and skills make you perfect for the job?
2. What are your strengths and weaknesses?
3. Do you have the necessary skills and commitment?
4. How do you know you want this job?
Preparing for your interview requires knowing your resume/CV, determining your key selling points and practicing talking about them conversationally.
You should also highlight your experiences that best demonstrate your leadership and teamwork skills as well as any academic and professional accomplishments.
According to Goldman, one of the biggest mistakes applicants make when interviewing is not really knowing the position they are interviewing for.
However, you don't need to know every little possible detail about the position, but you do need to articulate your interest in an informed away.
Arrive to the interview site early and plan your route ahead of time.
Goldman Sachs also suggests allowing yourself 20-30 minutes for final interview prep so you can practice your key talking points.
Goldman says watch out for the historical interview. They're open-ended, and you'll likely walk through your resume, which Goldman describes as your 'road map.' This type of interview will allow your interviewer to get to know you better while also evaluating your presentation skills.
During the interview, you'll probably be asked about your extracurricular activities and what you know about the position you are interviewing for.
Goldman suggests keeping your answers concise and relevant and highlight and pinpoint your strengths as a candidate to show why you're right for the job.
Goldman Sachs usually gives a behaviour interview, which is often referred to as a competency-based interview.
During this sort of interview, you will be evaluated on past behaviour to determine your future performance. For example, you might be asked to describe previous experiences where you held a leadership role or had to work in a team environment.
Goldman suggests picking examples ahead of time and highlighting specific skills.
During a case study interview, you will be asked to analyse a situation and then discuss how to address that problem.
For example, you might be asked to determine how many manholes are in Manhattan. You won't be expected to come up with an answer on the spot, but instead think about and discuss how to solve the problem.
This is a good way to gauge someone's problem-solving skill and creativity.
Goldman says that sending a thank you email is a nice gesture, but it's not necessary. Goldman says written letters take too long and phone calls can be awkward.
If you decide to send an email keep it short and professional.
- Annual report/ Periodic reports
- Employees/ Alumni Network
- Recent press articles
- Attend information sessions
- Financial news sites such as the Financial Times, Wall Street Journal and the South China Morning Post.
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