Can you talk about a trend or company in the industry that has piqued your interest lately?
Answer
This one would need to be tailored per industry that you’re interviewing for. I would just read a few industry reports put out by large consulting firms or banks, grab onto an idea and talk about it.
Example
Sure thing, one thing I’ve found super interesting in the software space is that a lot of horizontal solution providers, like AR automation or procurement, are looking to specialize their offerings within verticals. From the outside, it might seem like just digitizing accounts receivable processing would be enough to have a strong value prop, but it also makes sense how this process could be different for a school versus a bio-engineering company.
Why this matters to bankers
Bankers constantly need to be apprised of what’s going on in their industry. If a new competitor enters or a trend drives changes in the industry, this can affect how they help their clients, specifically around valuation and when selecting potential buyers.