How to answer behavioral questions in investment banking interviews
Why fit matters
Fit interviews are a critical component of the investment banking recruitment process. The focus on fit questions is even more significant than technical queries, as many candidates excel in technical knowledge. The real differentiation occurs in how candidates present themselves. In a fit interview you cannot change your inherent characteristics or past experiences, but you can learn how to optimize your presentation. Storytelling is a vital skill here, letting you weave your qualifications and experiences into a compelling narrative that resonates with interviewers.
General advice
How to deliver any fit answer with impact.
1Use specific anecdotes
One common mistake in answering fit questions is not using specific anecdotes. When asked about team dynamics or similar topics, it is crucial to have stories from your experience to substantiate your points. These anecdotes should clearly illustrate your skills and attributes in a relevant context.
2Structure your responses
A well-structured answer is key. Avoid rambling or jumping from one point to another. Start with your main idea and support it with examples, and avoid tangents that are not directly relevant to the question. For most fit questions, aim to keep your response under one minute, ensuring clarity and conciseness.
3Avoid negativity
Never express negativity about yourself. If discussing mistakes, weaknesses, or failures, always pivot to what you learned or how you improved. For example, if talking about a weakness, focus on the steps you have taken to address it and the positive outcomes of those efforts.
4Be professional yet friendly
While it is important to be friendly and approachable, maintain a professional demeanor. Smiling and showing a positive attitude are essential, but they must be balanced with a sense of professionalism.
5Be honest, with caution
Embellishing stories to highlight your achievements is common, but outright lying is a red flag. Be honest but strategic in presenting your experiences and skills. If an interviewer discovers any fabrication, it will not only cast doubt on your application but could also tarnish your reputation in the industry.
How to prepare
What to do before you walk into the room.
1Preparation is key
Knowing your answers in advance can significantly enhance your performance. Walking out of an interview with regrets about what you could have said is common but avoidable. Prepare structured and well-thought-out answers for common questions.
2Write down your responses
For unavoidable questions like 'Walk me through your resume', consider writing down a full answer so you cover every crucial point. For other questions, jot down key points or stories you want to remember. You can draft and save your answer directly on each question's page here.
3Showcase your experience
Be prepared to discuss each of your experiences in detail, focusing on the positive aspects, what you learned, and your achievements. Structuring your stories to highlight these elements is crucial for a compelling narrative.
4Prepare for tricky questions
Questions like 'What are your weaknesses?' can be challenging. Preparing for these helps you craft responses that are honest yet still position you positively. Think about them beforehand and prepare answers that turn potential negatives into positives.
5Practice storytelling
Storytelling is a crucial skill in fit interviews. Practice telling your stories in a way that is engaging, concise, and relevant to the role. Each story should have a clear structure: a beginning that sets the scene, a middle that outlines the challenge or task, and an end that highlights the outcome or what you learned.
Practice these first
The three fit questions you are most likely to be asked. Open one and draft your answer.
Could you walk me through your resume and introduce yourself?
Whether you can tell a coherent, motivated story that leads logically to investment banking.
Why do you want to work in investment banking? Do you see yourself building a long-term career in this industry?
The depth and authenticity of your motivation, and your long-term commitment.
Can you identify some of your key strengths and share a weakness you are aware of?
Your self-awareness, honesty, and commitment to growth.