RBC Capital Markets LLC Mock Interview
Practice 27 RBC Capital Markets interview questions covering deals, markets, and technical expertise.
Question 23 of 27
Among the common issues that are faced by Data Analysts in their work, which one or two problems do you feel really challenge analysts in the financial industry?
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Ryan Brunner has over ten years of experience recruiting, interviewing, and hiring candidates in the healthcare, public service, and private manufacturing/distribution industries.
While the challenges faced by general data analysts makes for a pretty long generalized list, this question is allowing your interviewer the chance to see your critical thinking skills by having you talk about which challenges you feel will be critical in the financial field. While there isn't necessarily a right or wrong answer in this question, make sure that you are able to speak intelligently about your answer and provide ways with how you can meet the challenges in your work with RBC Capital Markets.
Ryan Brunner has over ten years of experience recruiting, interviewing, and hiring candidates in the healthcare, public service, and private manufacturing/distribution industries.
"From my two years of experience as a Data Analyst in the financial industry, of course the common issues of overlapping data and duplicate entries did come up. But I've found the biggest issue to be the collection and implementation of real-time data to be the biggest hurdle. With markets continually changing on a daily basis, I've had to be diligent about updating reports for my advisors that I work closely with because what may be valid and real one day may be out of date the next."
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I've never been an investment banking analyst, but from my experience as an equity analyst in the Toronto Student Investment Council, I think that the greatest challenge analysts face is finding the relevant information to craft a defensible set of assumptions or to find a good set of comparable companies to value a company, especially under time constraints. This requires great time management skills and resourcefulness on behalf of the analyst. One great way to tackle this challenge is to seek help from senior bankers who have many years of experience in the industry and can tell you where to look, where you should spend your time, and when it's best to use a quick and dirty method.
Marcie's Feedback
Great! You have provided the interviewer with an intelligent and meaningful response. This sounds like a problem that many data analysts face, and your recommendation that they seek help from senior bankers is a good one! To strengthen your reply, consider eliminating your starting sentence about having never been an investment banking analyst and instead begin by mentioning your equity analyst experience.
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