You crafted the perfect email and sent your resume to the recruiter at your top NYC finance firms. As an ambitious grad, you’ve poured yourself into studying at your university the last four years and you’re ready to find your dream job.
With resumes sent, it appears that you can finally relax. Your dream job is just around the corner and you’re just waiting for the phone to start ringing. And then the call comes, congratulations, you got an interview on Wall Street!
Of course you want to work on Wall Street, it’s one of the best places to earn money (it’s OK to admit that). Now is the time to roll up your sleeves and get started on preparing to nail your interview!
Ambitious graduates looking to build a career as a one of NYC’s movers and shakers must get their foot in the door. Researching micro and macro economic conditions helps you in your finance career. Because you’ll be making industry recommendations, you need to be educated on the fundamentals of business and aware of current developments in the field in which you specialize.
If you are able to create financial models to predict future economic conditions you’ll be a valued member of your finance team.
Sharing your skill set with the recruiter is the most important part of the interview process. You also need to make sure you demonstrate that you know how to calculate the discounted cash flow as this is a core skill for those looking to work on Wall Street.
You also need to know the three types of financial statements: cash-flow statement, income statement and balance sheet. A way to set yourself apart is to know how each of these separate statements are related to each other. These are just the basic fundamentals. But this is the best and most important place to start…