# 187

Ibd Summer Analyst interview questions shared by candidates

## Top Interview Questions

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Summer Analyst - IBD Strat was asked...4 April 2011

### If two random variables have a uniform probability distribution between 0 and 1, what is the probability that their product is less than 0.5?

here is a nice blog post summarizing that very same question. http://bayesianthink.blogspot.com/2012/11/fun-with-uniform-random-numbers.html there are a bunch of other interview questions too. Less

The answer is 1/2 + 1/2 * ln(2) and the analytical derivation is trivial. All you need to know is how to integrate dx/x. Less

The answer with ln(2) seemed firstly misleading but actually it coincided with mine. After drawing an x-y plane, plotting y=1/(2x) and calculating the area under the graph, minding constraints of the uniformly distributed variables (0,1). Which is exactly 1*(1/2) + integral(1/2x) from {1/2,2}. Less

400 questions

### If you drive at a circuit that is 1 km and you drive the first round at 30 km per hour, how fast do you have to drive the second round to have an average speed of 60 km per hour?

This is not possible.

### Do you know what TARP is?

Troubled asset relief program, launched by the US government due to the subrime crisis. Less

### why boa?

why this position and how would it help in your career path

### What are the different ways you could value a company? Which value would be highest and why?

DCF, Comps, Precedent Transaction. Precedent b/c you pay a premium for the shares in a buyout/merger. Less

### I did not research the company before the interview so I did not answer the recent deal question well. But overall the person who interviewed me did not mind it too much.

It is overall that you should behave proactively. Behave yourself and let them pick. Less

### Technical questions on market sizing.

Answer wasn't as important as demonstrating how you were thinking.