Feb 2025

How to answer this Communication Skills interview question about Industry Research for Mid-Level Investment Banking?

What role does industry research play in advising clients, and how would you conduct it effectively?

Investment Banking

Communication Skills

Asked at

RBC Capital Markets

Difficulty :

Medium

A popular meme image featuring the Marvel character Thanos with the caption “A small price to pay for salvation,” commonly used to humorously express acceptance of a minor sacrifice for a greater benefit.

Explanation

This question evaluates your ability to leverage industry research for client advisory. Recruiters assess your research methodology, ability to distill key insights, and how effectively you apply them to client scenarios. Common pitfalls include failing to provide specific research techniques or not linking findings to actionable advice. A strong answer demonstrates a structured approach to industry research and its practical application. Preparation involves reviewing tools and case studies for industry analysis.

Answer Example

Industry research is critical for understanding market trends, identifying growth opportunities, and benchmarking performance. I conduct research by using tools like Bloomberg and Capital IQ, analyzing competitor strategies, and reviewing industry reports from reputable sources. For example, I advised a healthcare client by identifying a growing demand for telemedicine, which led to a successful M&A strategy that increased their market share by 10%.

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Feb 2025

What role does industry research play in advising clients, and how would you conduct it effectively?

Communication Skills

Asked at

RBC Capital Markets

Difficulty :

Medium

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Explanation

Answer Example

Also check out

What strategies do you use to mitigate legal risks associated with trust and estate planning for high-net-worth families?

Technical

Asked at

Bessemer Trust

Difficulty :

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What steps would you take to ensure compliance with client confidentiality policies during audits?

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Asked at

KPMG

Difficulty :

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How do you collaborate with other departments, like artists and programmers, during the game design process?

Communication Skills

Asked at

Electronic Arts

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How do you handle an in-flight emergency, such as an engine failure?

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Asked at

Delta Airlines

Difficulty :

Hard

Can you describe a time when you successfully mitigated a major operational risk in your previous role?

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Asked at

HSBC

Difficulty :

Medium

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