I just read an interview report of a candidate that took the interview at the same time and venue and decided to add
Date and Venue: 9/3, Bangalore morning slot
WAT: Media and corruption…along those lines. Very generic
Panel 5 – 3 males , late 30’s to early 40’s – Call them Left, right and center LRC
The slot order was alphabetical. I was the last person to enter (at 1.30 PM)
Me: Good evening Sir. smiled at everyone.
C: Evening? Already? Are you hungry?
Me: No sir, just a little late to say good morning. wanted to cheer up the mood..
C: where are you from? what do you do?
Me. xxx. I work as yyy in an early stage hedge fund zzz.
R: what does early stage hedge fund mean?
Me. Technically we don’t have enough minimum capital to call ourselves a hedge fund but we follow LS strategy, which is a popular HF..
C. Give us stock tips. Can
Me. yes sir, always welcome
R. you pick stocks? not your company?
Me. I do sir, we are two people at
R. where should
Me. discretionary consumers sir.
Me. a couple of firms…
Me. These are the tips
C. interrupting me, So you are a finance guy? why not IT?
Me. Why be everybody sir? This is what I like
C. so you hate software?
C. your app says you were in an oil company before. why did you leave?
Me. I like this
C. Do you enjoy this? stock picking?
Me. Yes sir, I do
R. What is
Me. Explained it.
C. I am a layman, Explain it to me
Me. Ok sir..blah blah..
R, So you mean to say that there is no way one can make money without being a Rajaratnam.
Me. I didn’t mean that sir but..blah blah…
R. interrupting me, So you know who he is..?
C. Did you hear about “demographic dividend”?
C. Don’t be vague. I want specifics,
Me. As a kid I remember reading that “demos” stands for people and dividend is something that benefits everyone. So I think i
C. Does India have
Me. Yes sir
C. how is it different from say Europe?
Me. there are different parts to it – age is one of them. Our population is much younger.
C. So what does it mean? young population?
Me. More labor.
C. IS it good?
Me. of course it is. supply of labor is essential
C. interrupting me, how do you get them work? what is the major occupation?
Me. India sir?
C. anywhere in the world
ME. in India it is agriculture sir, we have close to 60% population working in agriculture. So young people choose to work there naturally
C. why are you not doing it?
R. You mean people “choose” to work there?
C. what is there to do in agriculture?
Me. a lot of things sir, we still depend on monsoons. Farm tilling is manual in most places.
C. when efficiencies are attained, it means people go out of work no? Where do they go then?
Me. manufacturing Sir
C. Exactly. Thats the word I have been trying to get out of your mouth
Me. Sir, instead of Indian demographic if you asked about Europe or the US
C. what is?
Me. to increase
R. you say 35, 60,25…you know these numbers?
Me. I believe they are right sir.
C. btw, Just because you left
C. Ok, did you hear of land acquisition?
C. So who do these industries take land from?
C. What do these agriculture employees do then?
Sir, I remember reading somewhere that 90% of indian farmers own less than 10% of
R. Are you saying its fragmented?
Me. highly sir.
R. looks me in the eye for a couple of seconds
C. How did you learn finance? Did you do a course or something?
C. So you have your CFA, you are already in the industry and you are from…..(looks at my application)…IIT Madras? what do you want now? why MBA?
Me. Sir all that may be true but I want to be part of a super strong network like IIM C’s. Thats the biggest reason. It helps me grow in career. Also, my business knowledge – thru CFA
L. (For the first time). Have you heard of a firm called Bridge water associates?
Me. Yes sir, its one of the top hedge funds in the world
L. What do you know about it?
Me. founded by Ray Dalio, their strategy called All weather portfolio is ultra popular.
C. Ok. Solve a puzzle for me. You are on island with two types of people – Sane and Insane..Again they may be liars or truthtellers….Some conditions. Find out which one is
Me. used paper and said something.
C. show me your work…
C: I dont understand your writing
Me. forget it sir…explained the solution.
L. thats one possibility..what about others?
Me. thats the only case
C smiles..Consults others and says thats all
I said thank you and was about to get out.
C says take that toffee. You must be hungry and says good evening loudly.
I said the same and walked out. I was frickin hungry
must be 20-25 min in total. felt good overall. My only interview. So
CAT 99.90, 3.5 years WE, 7.1 in UG