Since I've gotten these requests, I'll make a quick list of general questions you should definitely be prepared to answer. You should know these regardless of your background (finance / non finance; ivy leage / state school). By the way, these questions were asked by interviewers at bulge bracket banks this past and previousd years to applicants of junior summer analyst positions.
- Why do you want to work at this firm?
- Tell me how our firm is different from our competitors.
- Why are you interested in this position? (Ex: I applied to IBD. I was asked why not Sales and Trading?)
- There are people with higher GPAs, pregtigious finance experiences, and frankly more potential. Why should I hire you?
- The most variant questions will be the technical ones. Look at this previous post for an example.
- There's a good chance you'll get case study questions. These are general situation questions, often based on the interviewer's line of work and current business deals, intended to test your business sense. Some examples:
- "An associate asked you to compile the P/E and EV/EBITDA numbers on your first day. He wants it in half an hour. You have no finance background (Interviewee went to a target and majored in religion). How will you get the numbers and be able to explain what they mean?" (Think about what the interviwer is testing)
- "An Associate asks you to change a few numbers on the DCF model because they don't seem to make sense. You, as an intern, check the numbers and realize that the numbers are the correct ones. The Associate still asks you to change the numbers to what he wants. How do you respond?"
- "If a company with little cash and high debt came to you with a speculative proposition for acquiring a company with a lot of debt, what would your recommendation be?"
- A Vice President takes out a balance sheet, income statement, and cash flow statement for Yahoo. She asks: "The current share price is about $21. Is the stock over or undervalued in your opinion?"
Also, your business intuition is what interviewers are trying to see. If you feel like you don't have the natural intuition to answer these, the good news is that you can develop the business sense if you practice thinking through finance issues and cases.
If you have the answers to these questions, feel free to share them in the comments.