Answering Financial Industry Job Interview Questions

To land the most desirable financial industry positions, you will have to prepare for more than just the basics. Research the company and learn the latest salary trends for the financial industry position that you are interviewing for. During your interview your hiring manager will be armed with challenging financial industry job interview questions that you need to be ready for.  Although they can be intimidating, you can prepare for these questions. Get ready for them by following these tips:

1. Review key industry terms

Perform an overview of basic financial and accounting concepts before you interview.  Even though they may seem elementary, there may have been modifications or updates since the last time you had to answer questions to them.   Here are some concepts to consider reviewing:

• Entity Concept
• Going-Concern Concept
• Money Measurement Concept
• Accounting Period Concept
• Cost Concept
• Dual-Aspect Concept
• Accrual Concept
• Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)

2. Show your commitment

A question such as, “What do you bring to the table?” is not necessarily just about your skills. It also provides insight into your commitment to the accounting and finance profession.

Discuss your personal attributes, such as persistence and loyaly and use examples.

5. Prepare for difficult financial industry job interview questions

Practice answering the following tough financial professional job interview questions:

• Which profitability model do you prefer for forecasting projects?
• What methodologies do you use for financial analysis?
• What are your processes for creating financial analysis reports?
• Explain your process for creating sales reports?

Financial Industry job interviews can be stressful, especially if you haven’t been on a job interview in a while. But, by using the above tips, you will be better prepared for the tough financial industry job interview questions that hiring managers will throw at you.

Job seekers, check out What Not to Say in Job Interviews