Month of Interview:
November
Industry Detail:
Equity Research
How long did the interview process last?:
Less than 1 month
1st Year Analyst
Group/Division/Type:
Other
What did the interview consist of?:
1 on 1 Interview
Personality Test
Other
How did you get the interview?:
Applied Online
What were the most difficult or unexpected interview questions asked?:
Walk me through how you would evaluate the value of art body. Basically, there are more than one way to answer. My answer did not meet interviewer's expectations because he wanted me to use DCF (while I relied on comparable analysis). He specified the question and asked me how you would evaluated it if you were a director of musuem. He suggested evaluating differential cash flows generated by musuem after the art body is owned which did not seem for to be enough precise method - especially if we have a big musuem in mind.
No votes yet
Overall, how would you describe your interview experience?:
Very Positive
Please describe the interview / hiring process.:
Application process consists of the situational judgement test in video format, then doing video interview with some questions asking you to analyze given data and calculate or write something. Then only one 1-1 interview was waiting for me with a managing director.
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
4.0
Undergrad Class Year (or expected):
2019
Degree 1:
BS or BSc or SB
Major 1:
Finance
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
No Offer
Year of Interview:
2017
Why did you choose to decline the offer? (optional):
I did not get an offer.
How did you answer each of these questions (please be specific)?:
My answer was relying mainly on comparative analysis (i.e. comparing the history, age, authors of an abstract art body with similar art bodies). Though, it was pretty confusing question to answer. I also stressed that art is illiquid and the main value of art comes from its scarcity. Also, I stressed the impact of inflation and volatility of prices and that comparative analysis will not give the intrinsic value of an object. Partially it is because art itself valuation comes not from the ability to generate CFs but from other non-financial feautures.
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