IBD Recruitment Process

IBD RECRUITMENT PROCESS

MAXIMISE YOUR CHANCES IN BEING SELECTED

Selection Processes are standardised throughout the Banking Industry and are composed of the following phases:

application process

ONLINE TESTING:

This phase represents the first stage of the selection process during which the candidate will be asked to go through a set of screening tests:

  • Numerical Reasoning Test: From 10 to 20 questions provided by SHL, Kenexa or Talent Q
  • Verbal Reasoning Test: Focused on short essays evaluation
  • Logical Reasoning Test: Evaluates the candidate’s capacity to analyse patterns and solve logical series
  • Situational Reasoning Test: Challenges the candidate through a series of business situation to be handled

FIRST CV SCREENING:

In this stage, successful CVs will be handed in to the “Business Side” where mainly Analysts or Associates will evaluate interesting profiles of students with similar background and origin;

ONLINE TESTING: This phase represents the first stage of the selection process during which the candidate will be asked to go through a set of screening tests:

  • Numerical Reasoning Test: From 10 to 20 questions provided by SHL, Kenexa or Talent Q
  • Verbal Reasoning Test: Focused on short essays evaluation
  • Logical Reasoning Test: Evaluates the candidate’s capacity to analyse patterns and solve logical series
  • Situational Reasoning Test: Challenges the candidate through a series of business situation to be handled

FIRST CV SCREENING: In this stage, successful CVs will be handed in to the “Business Side” where mainly Analysts or Associates will evaluate interesting profiles of students with similar background and origin;

PHONE INTERVIEW: The Phone Interview is an intermediate filter that some Financial Institutions use (Barclays, Morgan Stanley, UBS) in order to evaluate motivation, interest and eventually some basic technical skills in a 15 to 30 minutes call:

  • Why have you applied for this position/bank
  • Competency based questions (ie examples of leadership)
  • How would you invest USD1 million?

FACE TO FACE INTERVIEW: A few banks’ selection process is structured in two Interview stages. During face to face interviews the candidate is mainly evaluated and challenged on his/her level of motivation and interest in the field by asking questions related to the bank itself, financial news (read the FT!) and competency based.

ASSESSMENT CENTERS: Assessment Centers represent the last step of the selection process where the candidate is exposed to a more structured set of evaluations that could vary in this range:

  • Face to face interviews (usually more than 2)
  • Business Case: finance-related case (non technical besides JP Morgan) where the candidate is asked to provide either a suggested solution supported by data or a brief presentation
  • Group work: Used by some banks (BAML, Citi, Barclays, Credit Suisse, UBS, RBS) in order to evaluate the candidate’s capacity to analyse a business problem while understanding group dynamics
  • Presentation: Further step where is asked to replicate a simple business situation such as a meeting or a call
  • Numerical/Verbal Reasoning Test: Additional evaluation where the candidate is asked to pass a certain threshold (generally low) in order to proceed in the assessment centre (Usually candidates are asked to take tests at the beginning of the assessment centre)
About Us

The ESCP Finance Society is the oldest and largest student-run Association active in the finance field of ESCP Business School.

The mission of the ESCP Finance Society is to help ESCP students to break into the Finance Industry, organising dedicated networking events and providing useful materials to support the application and interview process.

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