Title of position interviewed for: Stock Analyst
Approximate date of interview: 1/2003
Location: New York, NY
Submitted on: 11-Jan-05
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Job Title |
Interview
Survey |
| Stock Analyst |
Unlike other Wall St. firms, where personal connections help to open
the recruitment door, the hiring process is very impersonal: most
applicants are chosen from resumes received from Internet postings.
Those chosen are then required to sit for a day-long in-house exam
during which they write a stock report based upon information
provided. Those that pass this exam are then invited back for a two-
hour round of three or four interviews, including most department
managers. Questions generally revolve around current market happenings
as well as two or three stock recommendations from the applicant that
he or she then "pitches" to the interviewer. References are then
checked and an offer made. New hires are then placed into a short
formal training session that gravitates more towards the quirks of
writing in the "S&P style", the editorial process, and the in-house
publishing systems. Placements out of training are done without much
notice, generally to replace analysts who resign. New analysts can be
assigned up to 25-35 companies in an unfamiliar industry and are
expected to publish research and cover earnings as soon as the stocks
are assigned.
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