Part two: interviews, what to expect
The thought of leaving university and entering the workforce can be nerve-wracking. But don’t panic, it’s just the next step. You’ve scored your first job interview in the financial sector, but now what? How can you best prepare yourself for the interview and potentially land that first job?
The second part of this series shares top tips from two talent team representatives at a top investment firm on the different types of finance interviews you may face when seeking a job in the finance industry.
You landed the interview, yay! What’s next?
Preparing for an interview
Interviews are really important, no matter what type, so do some research and go prepared.
They help introduce the company and people you might be working with to the interviewee so both sides can find out whether you’re a match. Don’t forget that interviews are an opportunity for you to find out more about the company to see if you’d like to work for them. You are gathering information about them just as much as they are finding out about you.
Go prepared with;
- Some understanding of the company
- Questions that are relevant to the role
- Common finance interview questions
You’ve made it through the first hurdle, landing the interview. But what should you expect? There are multiple types of interviews: phone or Skype interviews, face –to–face and assessment centres are the most common.
Some employers may use a phone interview to do an initial assessment of candidates. Phone interviews help recruiters get a sense of the candidate, and help the candidate to ‘feel out’ the employer. The phone interviews may last around 20-30 minutes. If successful, the applicant will be invited to the next stage which may be a face –to–face interview or an assessment centre.
If you progress to a face –to–face interview, it can take place with one individual or a panel and usually lasts up to two hours. It may also involve some kind of written test. When thinking of your answers, try to frame them using the STAR technique (situation, task, approach, and result). It will help you form your answers effectively.
Some employers use assessment centres, which may feel a bit overwhelming at first, but they allow you to show your skills and strengths in more detail. Assessment centres are conducted by employers who employ a large number of graduates. Recruiters will assess candidates in a range of situations such as group work, written tests, and presentations. The assessment day usually lasts one working day.
Video interviews are slightly different as everything is managed online. Some employers may ask for a Skype interview, while others may ask you to make a creative video for YouTube or be composed of 20 questions you’ll need to answer in 20 minutes. If you have to answer questions, you will usually have the opportunity to have a practice test. Take advantage of the practice test; it will help with your time management for the real thing.
An interview is your opportunity to make a great impression. Make the most of your unique selling points and why you’re the best candidate for the job. Anticipate possible interview questions and decide in advance how you’ll answer them. Remember to be enthusiastic and friendly but professional. Dress to impress; be engaging and always make eye contact with everyone in the room. Don’t be afraid to show your warm and personable side as employers want to recruit people who get along with each other. For additional interview preparation support and advice for jobs in the financial sector contact our Careers Centre.
One last thing
You’re now CV and interview ready but here’s one final top tip. Before sitting an interview make sure you check your social media for any inappropriate posts! Your potential future boss may check your Facebook or other accounts. You don’t want anything to ruin the chance of landing your dream job.
Did you miss out on our top tips when applying for a finance job part one? Find out how to structure your CV.
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