Deal Process
These are the three objectives banks are trying to accomplish when providing loans
What are trustworthy lending, positive returns, and client relationships?
Never stop
Networking
A stock increases from $80 to $100. What is the percentage increase?
What is 25%?
What has keys but can't open locks?
What is a piano?
CBC Associate of Operations
Who is Shaurya?
The loan process begins when a prospective borrower reaches out to the bank and provides this type of financial information.
What are rudimentary financials?
This activity comes before applications
Networking
A company has $50 million of revenue and a 12% EBITDA margin. What is its EBITDA?
What is $6 million?
An electric train is traveling west. The wind is blowing east. Which direction does the train's smoke go?
What is nowhere?
Year of School Pranav is in
What is 4th year?
After receiving the borrower's initial materials, the credit team performs this and finalizes questions before scheduling a call with the company
What is due diligence?
2028 Banking Applicants are in these stages
Networking (or applications)
A loan has a principal balance of $2 million and an annual interest rate of 8%. Assuming simple annual interest, how much interest is owed after one year?
What is $160,000?
What comes next?
J, F, M, A, M, J, J, A, S, O, N, ___
What is D?
Keira's Minor
What is statistics?
At this stage, the credit team evaluates the company's financials, economic trajectory, and this management-related factor to determine whether the investment has positive or negative value.
What are management factors?
Leveraging a connection you have because you attended the same university
What is an alumni connection?
You have a portfolio of three loans: $10 million at 5%, $20 million at 7%, and $30 million at 9%. What is the approximate weighted-average interest rate?
What is 7.5%?
A plane crashes exactly on the border between the United States and Canada. Where do you bury the survivors?
What is you dont bury survivors?
Where Ainsley is
Barcelona
A borrower has been approved. Before the bank begins formally underwriting the transaction, this document is sent to the borrower for signature
What is a term sheet
The recruiting timeline shows this opportunity alongside the various recruiting paths and after the networking/application process.
What are referrals?
You have 8 balls that look identical. One is heavier than the others. Using a balance scale, what is the minimum number of weighings needed to guarantee finding the heavier ball?
What is 2?
A man is looking at a photograph. Someone asks, “Who is that?” He replies: “Brothers and sisters, I have none. But that man's father is my father's son.” Who is in the photograph?
What is his son?
Former President of CBC
Who is Paul