Escolar Documentos
Profissional Documentos
Cultura Documentos
CHAPTER 7: INTERVIEWS
What is an Interview?
Interview Preparation
Types & Format
Execution of a Great Interview
Difficult Interview Questions
Follow-up & Subsequent Interviews
Conclusion
Appendix
WHAT IS AN INTERVIEW?
Ideally, an interview is a discussion between a job candidate and a prospective employer. It is a two-way street
where each participant has the opportunity to assess, through a variety of questions, the match between the candidate
and the position. At the end of the interview, there is the potential for an offer of employment.
Many argue that the interview is the most important part of the job search process. The interview can be a product of
self-assessment (see Chapter 2) and market research, (see Chapter 3). Your success during the interview will depend
on your level of preparation, execution, and follow-up.
INTERVIEW PREPARATION
Interviewing is a learned skill and success is dependent upon many factors:
Know the interviewers goals
Understand your goals
Know the company and industry
Anticipate potential interview questions
Practice
Understand interview logistics
Your preparation allows you to have greater control in the interview. Taking the time to effectively prepare is
critical; during an interview you have only a limited amount of time to make a good impression.
Know the Interviewers Goals
Most interviewers have two goals for the interview first, to learn about your skill set/experiences and assess your
fit for the company/position; second, to sell the company/position to you.
The interviewer needs to determine if you are able to fulfill (and excel at) the job requirements. In addition, your
interest in the company and your fit with the companys culture are being evaluated. Understanding your interest can
help the interviewer determine if you would accept an offer (many firms are concerned with yield management and
do not want to make offers that will not be accepted). If the interviewer is confident in your skill set and your fit
with the company, he/she will also use the opportunity to sell the position to you.
Chapter 7 | Interviews
Plan for the unexpected! Many components to the interview process are not within your control, but do your
best to execute effectively on the things you can control. This will help you stay calm and better handle the
things you cannot control
Chapter 7 | Interviews
connect with people. In my last job, I created significant customer relationships resulting in a 30% increase in sales
in a matter of months. My attention to detail has served me very well in getting such high customer satisfaction
ratings. I pride myself on my reputation for following through and meeting deadlines. What I am looking for now is
a company that values customer relations, where I can join a strong team and have a positive impact on customer
retention and sales.
Example 3:
My background to date has been centered on preparing myself to become the best XXXX that I can become. Let me
tell you specifically how I've prepared myself...
Tell me about a time when
With this type of question, the interviewer is trying to assess your skill set and competencies. When answering this
type of question, remember that the best predictor of future success is past success.
The best way to answer the Tell me about a time when question is to tell a brief story or share a specific
example that has a beginning, middle and end. Stories are effective because they engage your listener, they are
easily understood and people can relate to them. They allow you to talk about yourself and be authentic while
highlighting the critical details of your accomplishments. Stories are better than general and hypothetical discussions
because they are specific and more memorable. Stories should be relevant and concise.
Structure your answer using the PAR framework (P = Problem/Situation/Obstacles; A = Action; R = Result) (see
Chapter 5). Identify the required competencies for the position (look at the job description and/or network with
people currently in the position) and prepare at least 2-3 stories/examples for each of competency. Focus your
attention on what you accomplished/your contributions (not what other people did).
Typical competencies include:
Leadership
Strategic Thinking
Analytical Skills
Initiative/Creativity
Communication/Persuasiveness
Teamwork/Interpersonal
After sharing your 1-3 minute story/example which highlights the specific competency you were asked about, it is
common for the interviewer to probe further and ask follow up questions such as:
What steps did you take? What action did you take?
What happened after that?
How did you prepare for that?
Why did you decide to do that?
How did you resolve that?
How did he/she react?
How did you handle that?
How did you feel about that?
What was the outcome/result? Were you happy with that outcome/result?
What do you wish you had done differently?
What did you learn from that?
Industry Expertise & Technical Skills
Interviewers will be assessing your understanding of the industry as well as your technical ability to perform the
responsibilities of the role. Your industry research and networking (Chapters 3 & 4) will be essential for preparing to
answer these types of questions. See Appendix of this Chapter for sample industry-specific questions. Current
Wharton MBA students should also connect with the relevant professional clubs for resources on industry-specific
questions.
Chapter 7 | Interviews
Closing
Use the end of the interview to differentiate yourself and ask questions. Questions convey interest, enthusiasm and
an eagerness to learn. Be prepared with a set of questions and select the most relevant and appropriate ones based on
your conversation. Even though you are asking the questions, the interviewer is evaluating your intellect and
interest. Your questions can also demonstrate the level of company/industry research you conducted.
Thank the interviewer for his/her time, express your interest in the position and ask for a business card. If the
interviewer does not tell you the next step, it is appropriate to ask. A good way to phrase the question is, It was a
pleasure meeting you today and learning about the position. Can you tell me the next step in the process? Knowing
the recruiting timeline gives you more control over the process, allows you to follow up appropriately and enables
you to manage other interviews with other companies.
Tips:
1) Demonstrate a passion for the job. Ask detailed questions about the position and potential roles such as,
What is your specific role and/or specific experience at Company X?
2) Weave into your questions that you had conversations with other employees from the firm (e.g. After our
conversation and talking with John Doe, I was curious about XXXX). This not only is a good way to ask
questions but also demonstrates that you have networked
3) Be careful not to ask questions which can be answered by viewing the company website (e.g. size of firm,
mission of firm, etc). This shows that you did not take the time to go to the website and learn about the
company. Formulate questions that go beyond the basics about the company and involve details that
interest you. Focus on asking questions about the interviewers background, career, perspective, etc
In this role, what does success look like?
What types of people are successful at your firm?
What are the three most important things that the person you hire for this role needs to do well?
If hired, what do you think would be my biggest challenge?
Why did you join this company?
What is your background?
What do you like best about the people you work with?
How would you describe the culture and can you give me an example of the culture at work?
What is the typical career path within the company for someone starting in this type of position?
4) Be aware of the type of questions you ask and how you phrase the questions. Certain questions are not
appropriate for certain people (e.g. avoid asking a very senior person about the day-to-day responsibilities
of an associate position; instead ask questions such as What decisions in your career do you think have
most positively impacted you? or Looking at the senior leadership of the firm, what qualities do you feel
are most essential for success?)
5) Do not ask for feedback on your candidacy during the interview
6) Do not ask about salary during the interview. Starting salary conversations too early in the process is not
wise because it communicates that you are focused on the money rather than on the position (See the
Difficult Interview Questions section of this Chapter as well as the offer management information in
Chapter 8)
7) Communicate any key message(s) you did not get to share during the interview. Judge the situation and the
conversation and determine if you think the interviewer would value the additional information
Chapter 7 | Interviews
Tips:
1) Practice out loud your response to potential difficult questions. Simulate the interview environment and
experience as much as possible
2) Breathe from your stomach muscles and not your chest slowly inhale for 5 seconds and then exhale for 5
seconds. Done correctly this has a calming effect and is not visible to the interviewer
Handling Inappropriate/Illegal Questions
It is possible that you will be asked questions you deem inappropriate (and/or illegal) during the interview. This may
occur because the interviewer:
May not know that the question is inappropriate and/or illegal. There are many federal, state, and even local
laws governing job interviews. That said, United States employment laws make it unlawful to discriminate
based on race, color, religion, sex, national origin, as well as age, sexual preference, health status or disability.
Interview questions that do not focus on essential job qualifications are probably illegal
May be intentionally asking the question because he/she wants to know the answer despite knowing the topic
is inappropriate and/or illegal
Believes the information may actually be relevant to the job
Regardless of why an interviewer may ask an inappropriate/illegal question, be prepared to handle it. Responding
professionally and remaining calm is most effective. There are several approaches you can use:
If you assessed that the interviewer is not malicious and are comfortable responding, you may choose to go
ahead and answer the question.
If you think you know what the interviewer is trying to assess, you can redirect the question by answering
the underlying question. For example if the interviewer asks How does your family feel about the
demands of this job and your career? You could respond, I'm fully committed to performing my job at
the highest level and delivering the results required. My career is very important to me and I have a strong
support system. Did that address your concern? If not, could you rephrase or elaborate? I want to make sure
I answer your question."
If you are unsure of what the interviewer is trying to assess, ask the interviewer for clarification on the
question.
Handling Issues with Your Candidacy
Gap in Work Experience
If you have an obvious gap of time in your resume, it is likely that you will be asked to explain it. Your strategy for
addressing the gap will be different based on the reason. Regardless, directly address the question asked then deflect
attention away from the gap and focus your interviewer on your candidacy. You also want to end your answer on a
positive note perhaps reassuring the interviewer of your commitment to the industry/company/position.
Example 1: Extended Job Search
I spent that time looking for the right next opportunity. I was very specific in my search. I wanted an organization,
similar to yours, where I could leverage the XXXX and XXXX skills I had developed at Firm XYZ and could
develop new XXXX skills. During my job search, I spent time with XXXX Volunteer Organization helping with
their new growth projects. In these activities I was able to utilize my XXXX and XXXX skills. I was pleased that
after X months I accepted a XXXX position with Firm ABC. In this position I accomplished XXXX and XXXX.
Example 2: Child Rearing
I was fortunate enough to be at a level in my career where I had the luxury to stay home and raise my children for a
few years. Throughout that period, I was always committed to returning to the workforce, which is why I was
excited about Wharton and having the chance to progress in my career after earning my MBA. I am specifically
interested in a position with your firm because XXXX.
Chapter 7 | Interviews
If you remained active in any professional organizations or sat on committees, mention that. If the interviewer
continues along the line of questioning about the family or kids, you could respond as you would for an
inappropriate/illegal question (see above) by saying I am not sure that that is relevant to my qualifications for this
job. My track record and experience speak for themselves or It sounds like you might be concerned about my
commitment to this position. I want to reassure you that I am 100 percent committed to being in the workforce and
reaffirm my interest in the position. In fact, that is why I. and then begin to redirect the topic towards your
achievements.
Lack of Specific Qualification
If there is a job requirement (e.g. a specific skill set or experience) that you do not possess but you were selected to
interview, the interviewer may question your qualifications. Do not lie and indicate that you have experience/skills
that you do not actually possess. Approach the question by articulating the steps you are taking to gain the necessary
skill set/experience and your ability to learn new skills quickly. Close your answer by creating a direct link between
your abilities and the needs of the position/company.
Example 1:
You are correct I do not have a prior quantitative background but I have been working diligently to develop my
quantitative skill set. First I came to Wharton known as a strong quantitative school and am majoring in Finance
to gain exposure to financial concepts and financial analysis. Second, I participated in the Train the Street workshop
delivered by XXXX and learned XXXX. Third, I joined the finance club and participated in XXXX. I am confident
these efforts combined with my strong XXXX and my ability to quickly learn new skills will enable me to be a
strong asset to your department.
Did Not Receive an Offer from a Summer Internship
Address the question by focusing on what you enjoyed about your summer experience that is relevant to the future
employer and how you were successful. Be upfront about why there was not a fit and why you are interested in the
particular firm with which you are now interviewing. Be confident and succinct. Avoid speaking negatively about
your summer employer. Instead, focus on why this firm is a better match. Lastly, be truthful firms can and do
follow-up.
Example 1:
At the end of the summer, I think there was a mutual belief that there was not a good fit/match. I had a great
experience at Firm ABC where I had the opportunity to do XXXX and XXXX. My classmate John spent the
summer with your firm and encouraged me to speak with you as I am looking for an opportunity where I can use my
strategic analysis skills to identify solutions and XXXX. John and I have worked on many team projects together,
and he thought I would be an excellent fit at your firm given my XXXX and XXXX skills/experiences. If
applicable, it may be helpful to build your case by presenting the percentage of people who did not receive offers.
Greatest Weakness
During most interviews, employers look to better understand candidates strengths and weaknesses. Most candidates
spend time thinking about how their strengths will benefit the employer and how to articulate their strengths during
an interview. However, some candidates have trouble identifying and articulating weaknesses. When addressing this
question it is important avoid presenting a weakness that is too severe and gives the employer concerns about your
skill set, work ethic and ability to work well with others. On the other hand, it is equally as important to present a
realistic and tangible weakness (e.g. saying, I work too hard is a very clich/overused answer that does not
impress hiring managers. Similarly, we recommend you do not say that you have no weaknesses). Be direct and
concise about explaining your chosen weakness. Finally, end your answer with some positive steps you are taking to
address this issue.
One way to approach this question is to focus on a weakness that is not related directly to your work. For example,
you might say something about getting annoyed when things are proceeding inefficiently, as when you are stuck in
very congested traffic for some time. You can also mention what you do to offset that frustration (e.g. I listen to
classical music or use the time to practice for upcoming presentations while I am in the privacy of my car.)
Chapter 7 | Interviews
Salary Questions
Until an offer of employment is given, try to postpone the salary discussion (unless you are working with an
executive search firm see Chapter 1). Sample texts for addressing salary-related questions are listed below.
How much did you make in your previous job?
I understand compensation is an important issue but I am confident we will be able to reach an agreement
when we are at the offer stage.
I am coming from an industry with a different pay scale, so any comparison would not be meaningful.
What compensation are you expecting?
At this point I dont know enough about the position to assess the dollar value and total compensation package
that would be appropriate.
I would prefer to discuss the position more fully before discussing salary.
Id like to revisit a salary conversation after Ive provided a better sense of my skills.
I assume your compensation is in line with the market, do you have a range for this role?
It is important to remain calm and natural when responding to salary questions. If you are unable to avoid answering
the salary question, you need to be ready with a salary figure or range that you have assessed to be appropriate for
the industry, the position, your qualifications, geographic location and personal needs. By conducting market
research and networking (see Chapters 3 & 4), you will know your value in the industry and be able to present a
realistic desired salary. For details on evaluation and negotiation of offers, see Chapter 8.
Chapter 7 | Interviews
10
CONCLUSION
After reading this chapter you should understand the philosophy of interviewing and how to be successful in this
step of the job search process. Use this chapter and the sample questions in the Appendix to practice interviewing.
The most important thing to remember about job interviews is that they require thoughtful preparation. Successful
job candidates are comfortable talking about themselves candidly with a focus on their achievements and successes
and with a keen understanding of what the interviewer seeks from the candidate.
APPENDIX
Recommended Reading
101 Great Answers to the Toughest Interview Questions, (Ron Fry)
201 Best Questions To Ask On Your Interview (John Kador)
Crisp: Preparing for the Behavior-Based Interview: How to Get the Job You Want (Terry Fitzwater)
Knock 'em Dead, 2008: The Ultimate Job Search Guide (Martin Yate)
Mastering the Case Analysis: The MBA Guide to Management, Marketing, and Strategic Consulting Case
Interviews (Alexander Chernov)
Power Interviews: Job-Winning Tactics from Fortune 500 Recruiters (Neil Yeager & Lee Hough)
The Interview Rehearsal Book (Deb Gottesman & Buzz Mauro)
Websites and Online Subscriptions
Ask the Headhunter (www.AsktheHeadhunter.com)
Career Talk (www.careertalk.com)
Case Questions (www.casequestions.com)
Quint Careers (www.quintcareers.com)
On the Wharton MBA Career Management website
Clubs utilize the professional clubs webcafe databases of previously asked interview questions (The Wharton
MBA Case Study Interview Guide I & II, Wharton Consulting Club)
InterviewStream this web-based program is designed to produce the feel of a real interview, in a nonthreatening environment. In addition, InterviewStream gives you the invaluable experience of watching
yourself interview. With this program you will select your practice questions; a pre-recorded actor (serving as
an interviewer) will ask you those questions and will give you time to answer. Your practice interview will be
recorded and you will be able to view your session
Industry Areas leverage the information (interview resources, techniques and sample questions) included on
the industry-specific websites within our student site
Vault Career Library
Wet Feet Insider Guides
Chapter 7 | Interviews
11
Chapter 7 | Interviews
12
Tell me about a time when you had to adjust to a classmates or colleagues working style in order to complete
a project or achieve your objectives.
Chapter 7 | Interviews
13
Teamwork
Describe a situation where those you worked with on a project disagreed with your ideas. What did you do?
Tell me about a time when you worked with a classmate or colleague who was not doing their share of work.
How did you handle it?
Describe a situation in which you had to arrive at a compromise or help others to compromise. What was your
role? What steps did you take? What was the result?
Tell me about a time when you had to work on a team that did not get along. What happened? What role did
you take? What was the result?
Tell me about a time when you successfully resolved a conflict.
Sample Technical/Market Questions
How do you calculate unlevered FCF?
What are specific valuation methods for different industries?
Why will a company choose debt over equity?
How do you perform a public comparable valuation?
How do you choose a comparable peer group?
What are the pros and cons of a stock vs. cash acquisition?
How do you perform an LBO analysis?
What factors drive an M&A transaction?
Walk me through the major line items of a cash flow statement
If you only had 1 financial statement, which would you choose to value a company?
If $10 of depreciation is left out, how would you modify the F/S? With and without taxes?
If $10 of account receivable is left out, how would you modify the F/S?
If a company changes from LIFO to FIFO, how would that impact its F/S?
What is the difference between operating and capital leases?
What are deferred tax assets and how do they arise?
Describe some recent deals that you have followed particularly in industry XX?
What are the key growth drivers of industry X?
Whats an inverted curve?
Where is the market going?
What is the relationship between inflation and unemployment?
What is our market cap?
What is the S&P 500 at? How much is it up YTD?
What is the P/E ratio of the S&P? Forward, trailing?
What stocks are in your personal portfolio and why?
What books about investing have you read?
What are the factors that will impact the overall market over the next year?
Which way do you think interest rates are headed?
What are your thoughts on the housing market?
Where is the price of oil heading?
Sample Scenario/Situational Questions
I am a potential client. Tell me about the firms approach to client service.
You strongly disagree with a teammate on the creation of your products marketing strategy. What do you do?
It is a crazy time of year you have too many things that need to be accomplished within a short amount of
time. How would you prioritize your work?
Sample Case Questions
A computer manufacturer was gaining market share but experienced declining profits. Why? What should it
do?
A client has bought a Russian satellite after the break up of the Soviet Union. A large company has offered your
client (an entrepreneur) $10 million for the satellite. He wants to know whether he should accept the offer and
sell it.
Chapter 7 | Interviews
14
Our client purchased a popcorn manufacturing plant that packages popcorn for two mid-sized brands. Once he
saw the margins, he decided to manufacture under his own brand. What does he need to do?
You have a hot dog stand in front of your office. It serves the workers in your building and two neighboring
office towers. You want to buy it. How much is it worth?
Your client has developed a new material for bathing suits and wishes to launch it. It is priced presently about
twice as high as a regular suit. What do you tell him?
Your client is ABC Firm, a large diversified company with a consulting products division that produces a wide
variety of beauty products. Five years ago, it expanded into the health care industry by purchasing Medical Firm
XYZ, which sells over the counter allergy medication. Since it was purchased, the health care division has
failed to deliver the growth needed to justify the multiple ABC Firm paid for it. ABC Firm feels it has already
squeezed margins as much as possible, and now is looking for new sales opportunities. Medical Firm XYZ
turned to Consulting Firm X to help identify potential ways to increase revenues. How would you approach this
problem?
Your client is the largest discount retailer in Mexico, with 300 stores spread throughout the country. Let's call it
MexCo. For several years running, MexCo has surpassed the second-largest Mexican retailer (250 stores) in
both relative market share and profitability. However, the largest discount retailer in the United States, USCo,
has just bought out MexCos competition and is planning to convert all 250 stores to USCo stores. The CEO of
MexCo is quite concerned and asks you: How should I react? How would you advise the CEO?
Our client, Bank ABC is one of the "big 4" banks in Russia. These 4 banks account for about 80% of the
retail/commercial banking revenue in Russia and are roughly equal in size. Bank ABC does not have a good
understanding of the profitability of its retail customer base and more specifically individual segments. One
segment that has been of particular concern to them is the "youth" customer segment. This group encompasses
all customers under the age of 18. Bank ABC wants the consulting firm to determine the average annual profit
of a youth customer as well as how they should strategize to maximize long term profits for this customer
segment.
I recently worked on a project for an American cat food company which was thinking about entering the Latin
American market. As a first step, identify how big of a market it might be entering if it begins selling cat food in
Latin America. How would you go about making such an estimate? This same company has also been seeing its
U.S. profits fall steadily over the last 2 years. They came to us to figure out why their profits had been eroding.
How would you go about doing this?
Chapter 7 | Interviews
15
Consumer Products/Retail
Why do you want a job in CPG/why do you want to work for our company? Why are you interested in a career
in marketing/ brand management? What about your background, personality and skills makes you well suited to
this type of work?
Give me an example of a well/poorly marketed product.
Give me an example of a good/bad advertisement.
Tell me about a new product you would like to launch. How you would do that?
What skills does a good brand manager need? Demonstrate that you have these.
Tell me about a time you led a team/project.
Can you give me an example of a failed team experience? Why did your group fail?
What product are you most loyal to? Why?
What is the target market for product x? How do you know?
If product x was a person, who would it be?
If you were setting up a business school, how would you position it and how would you go about getting it into
the top ten?
If you had to market a new type of water, how and what would you do?
You are the CEO of McDonalds and you need to double sales in two years. Disregarding profits, what would
you do?
You are the #1 ketchup brand and there is a new entrant coming into the category. What do you do?
You have to go into a meeting with your boss who is a brand manager. You want to bring financials about the
brand but the printer jams and can only print out 3 line items from the financial statements. Which 3 and why?
Why do you want to market credit cards?
Energy
With the effects of deregulation, where do you anticipate our industry will be in five years?
Does it still make sense for energy companies to be vertically integrated businesses? What are the strengths and
weaknesses of such a strategy? Are they a viable and sustainable business model?
How would you value a power plant?
What is project finance? What are its advantages and disadvantages? When should a company use it as a
financing mechanism?
How would you value capacity (as compared to the energy revenue stream)?
What are X,Y,Z companies trading at? Why?
Do you expect current valuations to change given recent events in the industry?
How could we use the internet to improve our operational efficiency?
Our company wants to produce "green energy" using renewable energy resources. Is there a market for such a
product, and does it make economic sense?
Health Care
Describe an experience in which you have taken a leadership role. What did you learn from the experience?
Give me an example of how you have dealt with a difficult individual on a team.
Given your background, why do you want to be in ?
How would your friends describe you?
If you only had the resources to continue research on one drug - a potential blockbuster to prevent cavities or an
AIDS drug that may save some lives but will likely lose money - how would you decide between them?
We have a drug that is entering three months behind the first in class; how do you price it?
Why do you want to work for this firm?
How does a job with XYZ company fit into your long-term plans?
What are three things that differentiate our company from our competitors?
Your client is a large, diversified medical supply company with an 80% share of the suture market. The CEO
has just "heard" from a friend that a new laser technology can now serve the same purpose as sutures. What
does this mean to her business and what should she do about it?
A clinical laboratory has 13 labs. It is looking to improve performance. What performance measures would you
compare? How would you identify best practices?
Give us a little insight into what is happening in the health care industry. What does the yield curve look like?
Chapter 7 | Interviews
16
Investment Banking
Walk me through your resume. Tell me about yourself.
Why Investment banking?
Why not consulting?
Why this firm?
What are you looking for in a firm?
Which area could you see yourself working in?
How would you value this type of company?
Give me an example of a recent group you have been involved with. What role did you play?
How would your learning team describe you?
What was your favorite finance class and why?
How are your grades? Do you expect to be on the deans list after first year?
What are your other interests?
What is beta?
What kind of banking do you like best (cap mkts, M&A)?
How does the I/S, B/S and CFS financial statements relate?
How do you perform a DCF valuation?
Explain the Black Scholes model
If one of your clients had extra cash laying around at the end of the year, what three recommendations might
you give him/her to use that cash?
Give an example of working under intense time pressure or deadline? How did you handle it and react?
One company has a P/E of 10 and another has a P/E of 35. What might this difference represent?
What other sorts of firms are you interviewing with?
Assume you get offers from other major banks. How will you make your decision?
What is your perspective on recent major financial news? FED, Mergers, etc.
Investment Management
Walk me through your resume. Tell me about yourself
Why Investment Management?
Why this firm?
Where do you see the stock market going over the next year?
If I were to give you $10 million with which to create a fund, how would you invest it? (A good answer
requires you to know where the equity and fixed income markets are today and to have a view on where theyre
going in the future.) How would your answer differ if the fund were high-growth? Or created for retirees?
What do you think Bernake will do next and why?
What do you think makes a good fund manager?
What is your most impressive activity outside of school?
Give me a stock you like. What are its P/E, competitors & beta? Why is it a good buy?
What is one stock you dont like? Why?
What have you been doing to prepare yourself for this career since coming here to Wharton?
If Im CEO of Dell, what sorts of questions do you want to ask me to forecast the performance of my stock?
What do you think about the fixed income market right now?
How would your learning team describe you?
What other sorts of firms are your interviewing with?
Where do you see yourself in five years?
What is your greatest weakness?
Manufacturing
Why are you interested in the Aerospace Industry/our Company?
What characteristics do you have that are important to this industry?
What steps would you take to expand our market share?
How do you feel about unions? How would you handle a dispute with a union?
Chapter 7 | Interviews
17
How do feel about the relationship between state and market in the European collaboration? What made it a
success?
What interests you in this industry/company?
What do you feel are major globalization issues?
What would be your suggestions for entering a new foreign market?
If CAF standards increase, how will this affect the industry?
Should we enter the SUV market?
How can we cut vehicle development time?
Should we extend benefits to same sex partners?
How will the increase in gasoline prices affect the automotive industry?
Give me an example when you have worked on a team project and it has not been successful.
Why do you think the agrochemicals industry is in the shape it is?
What do you see as the next big market for xyz chemical company?
18
Why did you decide to get your MBA if you want to work in this public interest field?
What skills do you bring to this sector? How would they be useful for our work?
How have you demonstrated commitment to this career while at Wharton? Prior to Wharton?
What are you hoping to get out of this job/internship?
What do you want to do after Wharton? Where do you see yourself in 5 years? In 10 years?
What are your salary expectations?
Why do you want to work for this particular organization?
Can you give me an example of your experience working with limited resources?
Tell me about your experience building group consensus.
How would your current co-workers describe your work style?
[If targeting a specific location] Why do you want to work in this country/region?
[For international development] Describe what you think are the differences between working in a developing
country versus a developed country.
Real Estate
Why real estate finance and not real estate development? (or the reverse of this)
What do you specifically like about our firm?
What is your background in the industrial (or other segment) market?
How long do you plan to stay in real estate? Why would you leave? (are you really committed)?
What are the hot markets and how long do you think they will remain hot?
What is a cap rate? How would you develop a capitalization rate for a class A office building in NY?
What is your opinion as to the growth/consolidation of the REIT market?
What property sector do you find most promising? Least desirable?
What is FAR? Why is it important?
If you had $100 Million dollars, where would you invest it? Why?
If you were preparing a memo for a real estate investment committee, what would you include?
What are the 3 methods of appraising a property?
What is a triple net lease?
What is an expense stop? Why is it important to the landlord?
What sector of real estate are you interested in? Why?
How would you value an office building? Retail building?
What is FFO? Why do REIT analysts use it?
Is the housing market overvalued?
Do you think real estate investors are justified buying at lower cap rates? Why or why not?
What real estate classes have you taken?
Two properties are across the street from each other in Midtown Manhattan. The properties look exactly the
same from the outside. Why might one be worth more than another?
What is NOI? How do you compute it?
Why this part of real estate (example: development of commercial office)? How does that fit with our
organization?
Do you see a problem with private equity firm borrowing short and buying long?
For people with any experience in real estate: What was your best project and why; what was your worst project
and why?
What is CMBS?
What opportunities exist for our company in real estate?
What is LTV?
What kind of leverage can you get on a fairly well-leased office building? Would it all come from one lender?
How would that leverage be priced in today's markets (spreads)?
What is mezzanine financing?
What's the relevance of the amount of floating versus fixed rate debt a REIT or Real Estate company has on
their balance sheets? Is one better than the other?
Chapter 7 | Interviews
19
20
Chapter 7 | Interviews
21