Interview Questions and Answers

Investment banking involves helping companies and governments raise capital by underwriting and selling securities.

• Investment banks provide financial advisory services to clients

• They help clients raise capital by underwriting and selling securities

• Top investment banks include Goldman Sachs, JPMorgan Chase, and Morgan Stanley

Investment banking involves providing financial services to corporations, governments, and other institutions.

• Helps companies raise capital through issuing stocks and bonds

• Provides advisory services for mergers and acquisitions

• Assists with restructuring and reorganizing companies

• Offers trading and market-making services

• Examples include Goldman Sachs, J.P. Morgan, and Morgan Stanley

Defined benefit plans are retirement plans where an employer promises a specified monthly benefit upon retirement.

• Employer bears the investment risk and guarantees a specific benefit amount

• Benefit amount is usually based on salary and years of service

• Common examples include pension plans offered by government agencies and large corporations

Retirement plans are financial arrangements designed to provide individuals with a source of income during retirement.

• Retirement plans can include employer-sponsored plans like 401(k) or pension plans, as well as individual retirement accounts (IRAs).

• Contributions to retirement plans are often tax-deferred, meaning individuals do not pay taxes on the money they contribute until they withdraw it during retirement.

• Retirement plans typically have rules regarding when and how ind...read more

Assets are resources owned by a company or individual that have economic value.

• Assets can include cash, investments, property, equipment, and inventory.

• Assets are typically listed on a company's balance sheet.

• Assets can be classified as current assets (e.g. cash and inventory) or non-current assets (e.g. property and equipment).