fadingswellのブログ

Final Interview with Investment Bank

Thu, 31 Jul 2008 23:34:44 +0900

I saw three personnel from aussie investment bank today. I thought I screwed on this interview simply because I didn't know how to answer the question "how does the Australian Economy would be affected by rising commodity prices?

I was like, "The rise in commodity prices will eventually affect at the individual level and leading to the deteriorated demand by the consumer group."

Anyway, for some reason I got away with her and other two easy goin personnel and I will be seing chief strategist as my final interview.

I will really make it finally...

See what will happens.

The world currency

Wed, 30 Jul 2008 20:34:51 +0900

I was discussing about innovative world currency with my colleague at lunch today.

The topic world currency? is not about US dollar, JPY, EURO kind of currency. Its the currency of world standard.
The world currency sets the rate of average purchasing power of every country and form one standard "World Dollar".

The effect of each countries' currency power on the "World Currency" could be measured by GDP, inflations, domestic currency rate.

So, why is it so innovative?

If all of the commodities are traded under the World Currency, the price on its commodity will become stable, eliminating the volatility arising from one's economic situation.

And, it will be far more easier for individuals to calculate their wealth.

Emotional relief

Tue, 29 Jul 2008 23:53:39 +0900

Today I was told by my headhunter that I was assigned with the final interview with 3 analysts with the second priory investment bank I am seeing.

I went to the first priority investment bank interview with the news of the above and I believe I handled most questions calm with strucutre. However, I still think how I answered ordinary questions in a manner that is not equivalent to the level what they are expecting.

first priority bank will assign me to banking sector as where second priority sector will assign me on commodity sector. both of the sectors are really alluring and frankly either of the option would be good enough for me. what I need is offer .....

The interview with research VP

Mon, 28 Jul 2008 21:19:46 +0900

I just came back from the interview with my application department's VP.

It was really tough both in emotionally and in language.

I was basically asked exactly why I wanted to join this industry and my interest in any part of capital markets.
Well, I sort of had preparation for why I wanted to join this industry but reckon the level of answer he was expecting from me was far unreachable. As I could obviously tell from his response he was unhappy. I think I handled rest of the questions without major trouble.

What most disappoints me was his response from my question. Maybe I was seen as non-prospective candidate but at least if he asked me for any question, I believe its human courtesy to respond in frank communicative way. Any kind of question responded by him were only answering on the skin part of the question.

Eg. ME:　What are the basis used in evaluating the performance of junior analysts?
VP: There is standard used in evey level of personnel and we value each individual accordingly.

I've learned you have to have solid ground to prove that your reason are beyond something in order to move on to this fied. Otherwise no one would be interested in you. Of course, in a very structured language.

I will have other two analyst's interview tomorrow.

I will try it with my best anyway..

Economic Forecast

Sun, 27 Jul 2008 12:17:32 +0900

So, what's needs to be done to overcome sagging economy?

By looking back what have caused this downturn, the subprime loan morgage crush triggered, and accelerated by hike in commodity prices.

The formula here is

Subprime crush

↓

Weakened US Dollar

↓

Rise in commodity prices

↓

Commodity players speculates on commodity.

↓

Further rise in commodity prices

↓

Increase in inflation rate

↓

Increase in Interest rate

↓

Tightened money suppy within money market

↓

Banks struggle

↓

All kind of business start to struggle in both at finance and cost level.

↓

The struggles by businesses flow into employees

↓

Deteriorated demands by consumers

In order to runaway from the rat race, two things needs to be done.

First is to inject government cash into the realestate market, avoiding crash by Fannie Mae and Freddy Mac. Second is to intervene in commodity trading, that is eliminating speculators from the market.

This is because 70% of the commodity prices are speculated by those who do not need commodities in carrying out their ordinary businesses. This would effective eliminates the inflationary pressures, as well as the cost beared by Companies.

The questions asked and my reply

Sat, 26 Jul 2008 11:42:39 +0900

In my first round and second round interview with "XX" was basically about myself, and the reason for the Job change.

I have red various book about investment bank stories and the characters appear in most of the book indicates mentioning about Pressure, Challenges, and Thrills are key to success in its interview.

I did in fact, mentioned about these three quallities. And, passed upto second round interview.

Here is exactly what I said... It really sounds cheap when I write this out, but I realized its effectiveness was overwhelmingly positive.

"The role would satisfies what I am looking for from my working environment. Which are, 1.Pressure, 2. Challenges, and 3.Thrills." Then ordinary interviewer asks about elaboration on these three.
"I personnally believe the pressure is a key to growth for any of the individuals. Any of the individuals must be given certain level of pressures, which is the level beyond the individuals capacity boundaries. So eventually individuals' capacity boundaries will be extended and enabling the individual to handle with more pressures."

"Challenges, as an auditor at XXXX, we are required to perform auditing procedures within framework and specific guidelines so we are not going to miss any of the procedures required by standards and we can develop in-depth knowledge in the area. However, my definition with the Challenges are working towards a goal where there are no specific yardsticks available and setting up objectives of your own throughout the task accomplishment process"

"Therefore, there are significant variances in what I am doing right now, and what I am looking for from my working environment."

"Thrills, I only feel thrills while working for an environment where change is only constant variable."

The interview with top tier investment banks

Fri, 25 Jul 2008 23:53:48 +0900

I will be having 3rd round interview with the toptier investment bank on 28th July 2008.... which is two days from now on. In Japanese.

Well, I decided to write this blog to express exactly what I am feeling and to leave footprint. At this stage, I am not intending to show any part of this blog to any one I know. This is merely because i do not want personal surrounding to interfere my own perspective.

I never thought about having interview with such a prestige investment bank back in University, and i am so grateful that I was given such an opportunity. The investment bank for me until very recently was just like something I can never be touched. Its just like meeting with your favourite Hollywood star and having dinner with them.

I sincerely believe I got even this close with the bank by letting my brain been acting based on the writing i did. The writing instruction was stated in influential book I red back in University.
The book is titled non-common sense successful formula. The book stated that by writing out exactly what you want in a simple note, and by strongly imagining what you want to achieve, then the brain will automatically searches while you have normal daily life.

Back in University I remember I wrote I want to get into to the Bank and become very rich and establish my own businesses. Although the fact that I lost the note. lol. but i think the brain is still searching for what I wrote back then.

It will going to be toughest interview I ever had in my life. I will try to prepare for it over the weekend to accomplish the first item from the list I worte in vanished note.