AI in Finance
This financial services firm built an algorithm to identify fraud in its credit card business
What is JP Morgan Chase
Private equity firms typically acquire companies, restructure them, and then sell them for a profit. What is the term commonly used for the process of selling a previously acquired company to realize a return on investment?
What is "exit" or "exit strategy"?
___ is where applicants go through 2-5 interviews conducted by 2 investment banking executives in 1 day
Superday
What is the recommended credit utilization rate for maintaining a healthy credit score, and why is it important?
30% ; to achieve a good credit score
New York
This refers to a system that mimics human intelligence to perform tasks
what is ai
This type of financial institution specializes in raising capital for companies, often through stock and bond issuance, as well as advising on mergers and acquisitions.
What is an investment bank?
How early do companies start recruiting for finance internship roles?
6 months to 1 year.
What are some common tax-advantaged accounts where you can reduce your taxable income while saving for retirement?
401(k)s, IRAs, and HSAs.
____ is a retail monopoly for luxury beauty brands
Sephora
Wells Fargo uses which chatbot platform powered by machine learning to provide personalized and efficient customer support
What is Facebook messenger
What are the three main buckets of Finance company types?
Banking, Insurance, and Fintech Companies.
What are 3 of the most important concepts to know for technical interview questions?
Discounted Cash Flow (DCF), Leveraged Buyout (LBO), Earnings before Interest, Taxes, Depreciation, and Amortization (EBITDA)
When it comes to diversifying your investment portfolio, what are some alternative investment options beyond traditional stocks? Name three such options.
Real Estate, Hedge Funds, Cryptocurrencies, Bonds, Commodities
What type of work culture did Sofya experience at SMBC?
Japanese style - social & polite