I applied online. I interviewed at Scotiabank (Toronto, ON) in Jan 2015
Interview
Applied via school portal. Got a first round phone interview. The interview was very technical with barely any fit type questions. The interview was held by one analyst and one associate both in the energy sector. Very smart people by the way they spoke. The interview took about 30 minutes. They were kind enough to follow up on whether I got a super day or not rather than a nameless email.
Interview questions [1]
Question 1
How would you go about advising a client on whether or not they should declare a dividend?
They first ask you to do a HireView and then call you for an interview which is a mix of behavioral and technical questions. They also ask you about yourself and the company.
General behavioural questions, and some questions relating to the specific industry, in my case Energy IB. Otherwise all standard IB questions that you can find on the WallStreetPrep Red Book.
Interview questions [1]
Question 1
Why upstream oil and gas? What are your projection for oil?
First was a screening call with HR. Asked about my previous experience and why I was interested in the role. Next round was two half-hour interviews with two directors and an associate in each panel.
Interview questions [1]
Question 1
If company A has a higher P/E than company B, is the acquisition accretive or dilutive?
Investment Banking Analyst applicants have rated the interview process at Scotiabank with 3.3 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 20% positive. To compare, the company-average is 64.7% positive. This is according to Glassdoor user ratings.
Candidates applying for Investment Banking Analyst roles take an average of 15 days to get hired, when considering 10 user submitted interviews for this role. To compare, the hiring process at Scotiabank overall takes an average of 21 days.
Common stages of the interview process at Scotiabank as a Investment Banking Analyst according to 10 Glassdoor interviews include:
Phone interview: 29%
One on one interview: 24%
Group panel interview: 18%
Background check: 12%
Skills test: 12%
Personality test: 6%
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