I applied online and the process took 6 weeks - interviewed at ICAP (London) in November 2012.
Interview Details –
I made sure to fill out the online application carefully, and did research on the questions. I was contacted next day to schedule a phone interview.
Phone Interview: 15-20min. Understand what an inter-dealer broker does (as opposed to sales/trading at a bank) and why you'd prefer broking over trading. Might ask what news you've been following that affects their business, what their shares are trading at, your opinion on the financial markets. Brokers often entertain clients, so have something interesting about yourself which is not on your resume, like something you do for fun. Be ready for a solid mix of personality, why you're a good fit for this position (be specific), and a test of market related knowledge questions.
Superday/assessment centre: Group exercise, math tests (x2), and panel interview. Be ready to do currency conversion; currency triangles. Don't sweat the math tests too much, if you did well on the SATs you'll do fine.
*make sure you show personality during the interview-they don't want introverted brokers
Interview Question – What news story have you been following and how does it affect our business? Answer Question
I applied online and the process took a day - interviewed at ICAP (London) in September 2010.
Interview Details –
I applied online and spent the time to answer the two questions that came along with application thoroughly. I was then asked to make an appointment for a phone interview - I did. Around a month later I was contacted.
I did not prepare too much for the interview and generally speaking it was not so difficult except for a couple Q's. The HR rep asked me what I knew about ICAP (what ICAP does, who are the competitors, what exchange they're traded on, how I learned about ICAP). She asked me to tell her about an achievement that was not on my resume. She then asked how the regulatory environment will change ICAP's business (which was one of the questions in the application). Then what type of broker I would like to be (voice vs electronic) and why I am suitable for the role. I said I didn't have a preference (I don't believe this affected their decisions to take me/not take me). Then she asked whether structured products were brokered by voice or electronically (which i did not answer correctly) and a more technical question "what is 12% of 7?", she insisted i walk her through the mental calculation. She then asked me if I had any questions (you should probably have some questions (only good ones obviously) to portray genuine interest).
I applied online and the process took 4 weeks - interviewed at ICAP (London).
Interview Details – AC has 4 parts. One visual test, one numerical maths, one group presentation and finally the interview.
Interview Question – what is the FTSE 100 today. Answer Question
I applied online and the process took a day - interviewed at ICAP (London) in October 2011.
Interview Details – Bearing in mind that this was for the internship not full graduate job, the interview was not too bad. After numerical tests, which were fairly difficult, I had an interview with a senior broker. He seemed like a nice guy and gave me some pretty standard strength based questions, as well as a couple of questions about who ICAP were and what the internship would entail.
Interview Question – What is the bid-ask spread Answer Question
I applied through college or university and the process took 4+ weeks - interviewed at ICAP (London) in April 2010.
Interview Details – Started with a phone interview to get a better idea of the candidate and fit for the company. Asked a bit about your knowledge of the company and its products along with what they do and how they differ from a bank.
Interview Question – Why an IDB instead of a bank? Answer Question
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