Landing an investment banking interview at Barclays is a coveted opportunity for many finance students and professionals. As one of the top investment banks in the world, Barclays receives thousands of applications each year for its highly competitive investment banking roles. Successfully navigating the Barclays interview process requires thorough preparation, research, and practice. In this article, we will provide tips and insights on acing the Barclays investment banking interview.
Understand the bank’s culture and values
As an applicant, it is crucial to understand Barclays’ organizational culture, values and focus areas. Barclays emphasizes integrity, respect, service, excellence and stewardship in its operations. In interviews, applicants may be asked behavioral questions relating to integrity, client service, teamwork, problems solving and leadership. Researching the bank’s internal culture and values will help provide contextual answers.
Master technical skills like accounting, valuation, financial modeling
Barclays investment banking interviews rigorously test candidates on technical skills like accounting, valuation, financial modeling, M&A analysis and LBO modeling. Brushing up on accounting concepts, building complex models from scratch, and performing detailed analyses of companies and deals is a must. Expect to be grilled on technical knowledge by associates and VPs during the interviews.
Prepare for brainteasers and mental math questions
Barclays is known to ask brainteasers and mental math during first round interviews to test candidates’ quantitative ability and problem-solving skills under pressure. Practice solving complex brainteasers, sharpen your mental math skills, and get used to thinking through problems out loud in a clear and structured manner.
Research recent deals and news related to Barclays
Preparing for investment banking interviews means keeping up with recent news and deals involving the bank. Study Barclays’ most recent M&A deals, IPOs, debt offerings and financing transactions. Understand the bank’s current strategy, revenue mix, divisional focus and senior leadership team. This shows motivation and interest in the role.
Practice mock interviews extensively
There is no replacement for practice when it comes to acing investment banking interviews. Work through as many mock interviews as possible with experienced mentors. Repeated practice helps identify weaknesses in answers and interview skills, which can then be improved prior to the real interviews. Mock interviews are the best way to feel confident during the high pressure Barclays interviews.
Preparing for the Barclays investment banking interview is undoubtedly rigorous, but very rewarding for driven candidates who put in the work. Focus on technical skills, problem solving ability, understanding Barclays’ business, and practice. With diligent preparation and working with experienced mentors, you can master the interview process and maximize your chances of landing your dream job.