Preparing for interviews: Types of questions and how to answer them

By using the above sources, you are likely to land several finance job interviews. 

Here are some tips to ace those interviews and make the most of your effort.

To begin with, interview questions are divided into 4 types. And below you’ll find tips to answer each of these types of questions.

1. Behavioral Questions

• • Use the STAR method (Situation, Task, Action, Result) to structure your responses. 
  • Prepare a few stories that demonstrate your key skills. And emphasize values such as teamwork, leadership, etc. 
  • Example question: “Tell me about a time when you had to handle a difficult client. What was the situation, and how did you handle it?”

2. Technical Questions

• • Review the job description and company website to understand the technical skills required. 
  • Practice solving finance problems and explaining your thought process out loud.
  • Use simple language and avoid jargon when explaining concepts.
  • Example question: “Walk me through the three financial statements. Also, tell me how they are connected.”

3. Case Questions

• • Clarify the problem and ask questions to gather additional information.
  • Use a structured approach to analyze the problem and develop a solution.
  • Explain your assumptions and reasoning clearly.
  • Example question: “How would you value a company that is considering an IPO?”

4. Fit Questions

• • Research the company’s values, mission, and culture.
  • Be authentic and honest in your responses while highlighting your skills and experience.
  • Example question: “Why do you want to work in finance, and why do you want to work for our company specifically?”