Interview Question

Analyst Interview(Student Candidate) New York, NY

If you had a client who ran a company that makes shoelaces

  and who doesn't know about anything except the shoelace business (i.e. he knows nothing about personal investments), how would you recommend he invest his money and why?
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This was extremely difficult to answer on the fly because there are a lot of directions you could take it and it was hard to predict what the interviewer wanted to hear. I answered that I would steer him away from complex securities whose structures he would find difficult to understand at face value and then I tried to get away from risky supposition and talked about the merits of fixed income versus equities in today's market. If you get a question like this, I would recommend talking about what you know and trying your best to connect it to what they're asking you. If you just make something up they will be able to tell.

Interview Candidate on Oct 30, 2013

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