How to Answer: Share with me your thoughts on the 2008 mortgage crisis.
Advice and answer examples written specifically for a Financial Analyst job interview.
23. Share with me your thoughts on the 2008 mortgage crisis.
What You Need to Know
Your interviewer is curious about how you analyze and view major economic events and the factors that directly impact the world of finance. Do you react emotionally or based on the data, trends, among other factors? Take time to showcase your thoughts and that you have your finger on the pulse of major financial topics.
Written by Kevin Downey on August 1st, 2023
Answer Example
"I think it was such an anomaly - the conditions just created a perfect storm. Yet every time some new financial scare comes along, all these economist alarmists start predicting the next crisis, comparing it to the great recession. The subprime mortgage crisis occurred because of a flawed financial model, far too much borrowing, and many people believing home prices would soon soar. None of these recent trends are remotely comparable. The tension between Nato allies and Russia, the war in Ukraine, Covid-19, and inflation are such historic events that will have a recoverable impact, but they cannot be compared to something that happened all that time ago."
Written by Kevin Downey on August 1st, 2023