Goldman Sachs Flashcards

1
Q

Walk me through resume

A

I am originally from Worcester UK and am currently studying for a masters in finance from Warwick business school.

I would say my interest in finance stemmed from an arguably unrelated experience during my younger years, where I built a business around buying and selling clothes. From here, I did an internship with a small wealth management firm, where I was introduced to the basics of portfolio management, and have also interned at a small accountancy firm and worked part time at Marstons

Once at university, I joined various finance related societies and had opportunity to give various presentations on finance topics. I really enjoyed these experiences, and so decided , to set up a trading and investing community, where others interested in the world of investing could learn and network with others interested in the industry. With some members of my community I have explored building an algorithmic trading portfolio which has been a really fun process. I’d say that All of these experiences have led to now where I am now wanting to work in a role where I can further develop my technical and analytical abilities as well as working in something where I can have a real impact on the world.

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2
Q

Time I have shown teamwork

A

Time you have shown teamwork

A time I have shown teamwork was at the start of my degree at Warwick Business School Ethics presentation for Masters degree. Our group had to make a presentation on whether payment for order flow is ethical, and then have a question-and-answer session.

We initially had a conversation of how we will allocate the work, and the other group members expressed that they would feel more comfortable doing the actual presentation, rather than focusing on the Q&A section. I wanted to make sure my group felt comfortable when presenting, so I agreed to this format of the presentation. I also took it upon myself to organise regular team meetings, so we could keep each other motivated.

Our presentation went really well, and we came out with a result of 80%, which was the joint highest mark awarded to any of the 30 groups presenting.

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3
Q

Tell me a time you acted as a leader

A

A time I showed leadership was I was attending the HEC Paris Investment Banking and International Finance summer school this summer. As a part of the Summer School, we were assigned groups that frequently had to complete tasks together. In this particular scenario we had to make a case study on how we would value a company. No one was familiar with the case, so I nominated myself to be group leader. In this role, I was responsible for allocating tasks to other group members, completing the introduction and conclusion and making sure the presentation was cohesive and well structured. In addition to this, I also organised regular check ins to make sure everyone was working on time. Luckily, all of my group was incredibly hard working, and we had little to no issues. Our presentation went really well and the summer school leader noted that everything linked together nicely, and was very strong throughout.

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4
Q

Time I have solved a problem

A
  • Quant portfolio, where we were trying to build trading strategies that utilised technical analysis. We encountered an issue trying to code astrategy that utilised a trailing stop loss, and because trying to use a coding language that was very niche and not a lot of learning resources, we couldn’t sovle it. I went away and tried thinking about solutions, and thought that we could actually switch to a different language. Spoke to group and they agreed. Switched to Python as the support is obviously a lot more available, and has definitely made our lives easier.
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5
Q

Tell me about a time something didnt go to plan in a team

A

-Final expedition for DofE Silver award. I was in a group of 6, and we had to do an expedition for 3 days and 2 nights. During the day we had to walk a pre described route, and then we would camp in the evening.

During the third day one of my team members actually twisted his ankle quite badly, and hence could not properly carry the weight of his rucksack. We knew that to receive your award you had to complete the expedition, so if our teammate couldn’t continue, he wouldn’t receive his award.

All of the group wanted to find a solution, and I suggested that we could split up the weight of his stuff between each healthy group member, which would allow our teammate to continue.

We all ended up completing the expedition with time to spare, which I think was down to our strong teamwork and willingness to help our team member out.

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6
Q

Tell me about a time you had a team conflict

A

I was working with two others on YouTube channel. We were having a discussion about which content to make and there was some disagreement. However, I suggested we narrowed down to two options and then go away have a think and then vote on it; we ended up unanimously voting the right way and everyone agreed the right decision had been made. We ended up making both anyway!

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7
Q

Tell me your biggest weakness

A

I think my biggest weakness was that I used to be uncomfortable when public speaking if unfamiliar with the information I was presenting. Because I felt uncomfortable, I would sometimes misprounounce words which would put me off. However, I recognised that I had this weakness and took steps to try and improve this, by learning some mindfulness techniques such as controlling your breathing and underlining in advance words that I thought I may mispronounce during the presentation. After making these amendments, I have seen my performance increase significantly in public speaking, and even led a q&a session during a recent presentation.

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8
Q

Tell me a time you have shown iniative

A
  • Time I have shown initiative is when setting up own trading and investing community. I wanted to meet others interested in trading and investing, so we could discuss the markets and different investment ideas but couldn’t find a good place. Also spoke with one of my mates who was having the same issue. We took it upon ourselves to set up our own group, where we now have over 130 members who regularly chat about the markets which has achieved our initial goal.
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9
Q

Tell me about one of your accomplishments

A

xx

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10
Q

What makes you unique

A

I think the 3 things that I possess are Intellectual curiosity, Resilience and Entreprenuerial spirit.

Firstly, I always want to learn more about things, and improve my knowledge of a range of different topics. I am currently reading around behavioural economics, and I choose to pursue a masters to better understand the world of finance.

Secondly, I think I have a very resilient attitude. During my A levels I underperformed, which meant that I missed the grades required to accept my offer to read Economics and Management at the university of Oxford. I think to come back from this disappointment to perform so strongly at the university of york highlights my resilient attitude.

Finally, I think I have a very entrepreneurial mind, and am always trying to solve problems in creative ways. I think this is highlighted by my previous entrepreneurial endeavours with my trading and investing community and my clothing business.

To sum up, I think the qualities mean that I am a person that always strives to learn, isn’t afraid of setbacks, and will try and find creative ways to solve problems, all of which would be useful qualities as an intern at Barclays.

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11
Q

Tell me a time you have demonstrated integrity

A

Integrity: When I was at Marstons working on the bar, we got paid weekly. I remember one time where I had clearly been paid more than I had worked, and I brought this up to my manager. It turned out that someone had accidentally put down their hours under my name on the timesheet, and my manager appreciated my honesty and even bought me some food for it.

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12
Q

Tell me about a time you worked under pressure

A

Undergraduate Exams period, where I had 24 hours to do each exam. Opened paper to find questions were significantly harder than expected.

Split questions up into smaller chunks and identify what was actually being asked. Make a plan for each question and identify resources I need.

Worked through the night as wanted to achieve best result possible..

Didnt finish any exam before 2am, and actually stayed up all night on my last exam to get it done.

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13
Q

Tell me about a time you helped someone

A

Time I helped someone was when I helped one of my friends learn econometrics. One of my friends was struggling with econometrics and he knew that I had done well in my own previous econometrics modules.

Asked for some tips to prepare for his exam. I organised a call to help him through the basics as I feel it is important to help others to try and make a positive impact, especially as people have previously helpt me.

He really appreciated me going the extra mile, and sent me a message on his results day to say that he did better than expected, and he thought a lot of that was due to my help.

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14
Q

Tell me about a time you demonstrated excellent customer service

A

An example of providing customer service was when I was working as Bar Staff at Marstons. As part of the role, when a customer was ordering we had to inform them the average wait on food, in order to minimise customer complaints.

In this scenario, I had Informed customer only 20 minute wait on food. My manager quickly informed me that the kitchen has just received a sharp influx of orders, and the wait was actually 35 mins. I realised that I had informed the customer the wrong time, and that I needed to explain to the customer the situation. Had to go and explain to customer who appreciated my honesty and thanked me for coming and updating them rather than just letting them sit there wondering where their food was.

When the customer came to the bar to pay before she left, she reiterated how nice her meal was and that she appreciated my proactivity and high levels of customer service.

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15
Q

Tell us about a situation where your communication skills made a difference to
a situation?

A

A situation where my communication skills made a difference is during my time as a referee. I am a qualified FA football referee, and before the pandemic, I used to frequently referee U18 and below football games.

In this scenario, maintaining effective communication is key, especially when penalising players through fouls or cards. I always try and explain to players effectively what they did wrong, and why I have deemed that tackle to be a foul, and I think the players appreciate my forthcoming attitude as it helps them understand how I am refereeing the game.

I have previously been recognised as one of Worcestershire’s leading FA referees, and have previously been assigned as referee for cup finals as a result.

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16
Q

Tell me about a time you have processed a lot of information quickly

A

AmplifyME event where I was participating in sell side trading. In the event, I had to emulate a sell side trader, where I had to communicate with clients, process orders they were sending through clients whilst making sure I was managing my risk effectively. Additionally, we had virtual news filtering through that was affecting the market, and so I had to account for these when executing positions.

We got graded on a variety of things, such as profit and loss and disruption our trades caused to the market. I actually finished 6th out of 134 participants, and finished 2nd for profit and loss, which I think is testament to my ability to process information quickly.

17
Q

Time you made a mistake

A

I have previously invested in Electronic Arts interactive around October 2018 when I was just starting investing.

I made this decision because I liked playing fifa games with friends and thought that it was a good investment based off of thr high revenues they generate from the ultimate team game mode. However, the share price dropped sharply because of a delay to another game in EA’s portfolio.

From this experience I learnt that you cant really focus on one catalyst and ignore everything else; you must weigh up both sides and look at all products from a company.

18
Q

Time I had many conflicting deadlines.

A

Best example of this is when I was at my undergraduate university. At the university of york, I had many priorities, including studying for my degree, attending society events, managing my trading and investing community, whilst still having a social life and seeing my girlfriend.

Clearly this meant I had a lot of conflicting deadlines, and I recognised I needed to manage these to make sure I didn’t miss important deadlines. I decided to purchase a calendar and productivity, as the calendar would allow me to plan my weeks and months with a macro overview, and then the productivity planner could be used to track daily activities.

I found that this meant that I kept on top of everything, and I think it is a really good habit to maintain

19
Q

“Describe a situation where you used research or data to solve a problem.

A

A situation where I used research and data to solve a problem was my investment portfolio during the covid19 pandemic. In my spare time, I manage a small portfolio of money and select stocks for the discretionary portion of my portfolio.

As you might expect, my portfolio was negatively impacted as a result of the covid 19 and my portfolio actually went into over 15% drawdown. This was quite difficult, but I remained calm and wanted to see if my investment thesis for various stocks still held. By looking at my previous analysis and research and the impact that covid 19 was likely to have, I realised that the equities I held still had good longer term outlooks, and hence decided to not only hold these positions, but work out some good entries points for another position in some of these equities.

As a result, my portfolio has now appreciated out of the drawdown I was in, and I think this is a direct result of my logical decision making process, rather than jkust panicking and selling my positions,.

20
Q

Tell me about a time you persuaded someone

A

A time that I had to persuade someone to accept my point of view was during the HEC Paris Investment Banking and International finance summer school. During the summer school, we were split into groups to complete various tasks, including answering questions or making presentations.

For this particular task, our group had to complete a question set of 12 questions, and one member of the group wanted to split the presentation into chunks for each individual to focus on, even though some group members expressed that they did not feel comfortable with the material. Instead, I suggested that we completed the tasks in pairs, as this would be a good compromise between the two approaches. Also, this would allow us a better chance of doing them to a high level, and everyone would feel more supported during the tasks.
All group members agreed to follow this compromise, and we managed to complete the problem set before the deadlinr and to a high standard.

21
Q

Describe a situation where you went above and beyond of what was expected of you in a project.

A

When working at Marstons, was contracted to be part time bar staff.

However, often colleagues like potwash or waiters would call off sick, and my boss would call me to come in to cover the shift. This didn’t happen often at first, but because my boss realised that I was always willing to help,

I ended up being first port of call when anyone was ill, and this was actually recognised by my regional manager.

22
Q

Time I missed a deadline

A

I missed a deadline for one of my formative assessments for my microeconomics modules in year 2 of my undergrad.

I had a lot going on at the time and this assignment just slipped my mind. This was one of the reasons I bought a productivity planner which sets out which tasks I need to complete over a day / week and this has helped tremendously.

After this organisational change, I have not missed a deadline, and am keeping up with my heavy workload at Warwick Business School.

23
Q

Tell me about one of your accomplishments

A

One of my accomplishments is graduating from the university of york with the highest overall examination performance of any 2021 Economics Undergraduate.

To understand why this was such a significant achievement for me, I first need to go back to my a levels. I actually had an offer to read Economics & Management at the university of Oxford, but because I underperformed during my a levels, I didn’t achieve the grades required to take up my place on this course. This was clearly a very disheartening experience, especially as I always want to perform to the best of my ability no matter what I am doing.

However, I didn’t let this get me down, and I wanted to make sure that I made the most of the opportunity to study at the University Of York. By following a structured study plan and working hard throughout my time there, I actually graduated from the University of York with the highest degree percentage of any 2021 Economics undergraduate.

I am really proud of this accomplishment, and think that this emphasises my resilient attitude, especially given that I had to overcome a difficult experience with a level results which could have easily affected my performance at university.

24
Q

News story

A

Changing landscape of interest rates, and how this Is having an interest on company valuations as well as other areas of the world.

BoE recently increased rates to 0.25%, with more hikes likely to follow. This has a profound impact on the world around us, and we have seen an impact on the equity markets, especially tech, as we have seen a downturn in that area.

25
Q

Questions

A
  • As someone just starting out on their career, what advice would you give me?
  • Top priority for your team right now.
26
Q

Moodys CEO

A

CEO Stepped down.

27
Q

Time you had strong attention to detail

A

o A time I had to use high attention to detail is when I am making webinars for my trading and investing community. When producing things that people will learn from, I think it is really important to make sure everything is correct, so people don’t learn the wrong thing. Therefore, I go through a webinar script with a fine tooth comb to see if I can spot any issues, and then correct any if I find them. After this, I will send to my cofounder to get a second opinion, and make any changes if necessary. This process seems to work well, as I can usually eliminate any issues before sending to the other person, which means it is just reaffirming that everything is right in the webinar.

28
Q

A time you followed / enforced rules & regulations

A

o A time I enforce rules and regulations was when I am managing my investment and trading community. Because the community is all about sharing ideas of which things to invest in, all members of the group need to be careful about not issuing financial advice when talking about the markets. To make sure this is the case, when a new member joins, we explain to them the rules such as encouraging people to do their own research before investing and not speaking about things in definitive terms. We also moderate the chat for other potential inflammatory conversation. Luckily most of the group members are quite sensible and this is quite easy to enforce, but we do get the occasional issue which is clearly solved.

29
Q

Stock Pitch TTWO

A

Stock I am interwsted in is Take Two Interactive, with ticker TTWO, share price of 177 USD and a market cap of 20bn dollars. Target price of around 260 USD.

Identified 2 main catalysts, new game releases and participation in mobile gaming space.

  • Gta 6 release should be a catalyst, current profits being generated from microtransactions NOT new game releases, and if sales are anything like GTA V will make a lot of money for TTWO
  • Growth in mobile gaming space. Recent acquisitions of Playdots and Nordeous mean that TTWO are in fantastic opportunity to capitalise on growth in this space.

2 Main risks:

  • As most businesses, covid-19 causing delays. Severity is unknown right now.
  • Very dependent on ‘hit’ titles. If one title doesn’t perform, say GTA 6, company may decline.

Bottom Line: TTWO has some of the most iconic IP’s in history in a fast growing industry. Has a fantastic track record and as long as GTA 6 is a hit is likely to be in a fantastic position for the future.

30
Q

Other Stocks

A

Nvidia, : Invested back in 2018 before stock split. Liked the company as had built a strong ecosystem to capitalise on growth in AI and electric cars.
Boeing: Invested after crash after covid due to duopoly with Airbus in making airplane frames. Likely to recover over the longer term once covid sorts itself out.
Apple: I like how the company is transitioning to software company by promoting services like apple music, apple tv etc. Higher profit margins in these areas should help longer term.
Coca-Cola: Great brand and in consumer staples sector. Has a lot of staying power and is relatively inflation proof.
IShares Global Water ETF: Likely to have water shortage

31
Q

Nvidia share price

A

around 300 USD

32
Q

Boeing share price

A

226 USD

33
Q

How is portfolio allocated?

A

Core satelitte: Invest in ETFS like Nasdaw, FTSE250 for diversification. Then have discretionary aspect to pick stocks.

34
Q

FXEudcation - Tell me about it

A

Community group where people can get together to discuss markets, learn from each other and network with others interested in the industry.

35
Q

FXE - How do you make money

A

Referral schemes with select brokers. Also do paid webinrs.

36
Q

What broker do I use?

A

Hargreaves Lansdowne.