Credit Agricole Interview for Securities Structuring Internship – final round

by Mai Le | Jul 3, 2020

Report on Credit Agricole interview questions from a candidate’s experience. This is based on Credit Agricole Securities Structuring Internship final round interview in Paris on 30-03-2019.  There may be some variations depending on the offices or other new updates to the recruitment practice – so please use this for reference/preparation purposes only.

Credit Agricole Interview

Who’s the lucky company?
Crédit Agricole
For which division?
Securities
And for which office?
London, Paris
What’s the formal title of the position you applied for?
Structuring Intern
When did you apply?
15-03-2019
When was this interview?
30-03-2019
How were you informed of this interview?
Business person emailed
Were you able to choose the time slot yourself?
Yes
And this interview was therefore…
Lasted the whole day
Was this a … ?
in-person interview
Which stage was this interview?
final round interview
How many interviews in total were in this interview?
in total, I had 5 interviews: first with the manager, second with the staff manager, third and fourth with structurers , and fifth with the team manager
How many interviewers were in each interview ?
1 person per interview, 1 hour per interview. 5 interview in total
How long did this interview process take in total then?
6 hours approx. 5 hours in interview and 1 hour of lunch break
Were there any personal / CV-based questions? If yes, what were they?
Yes, they asked me about the extracurricular activities in my cv:

– Prop Trading
– National Rugby Team
– Surf

this was a great opportunity to create a conversation with the interviewer

Were there any competencies questions? If yes, what were they?
Yes, the second interview was about my sales view of the industry, how it will evolve and how the clients would change their view of the markets.
Were there any technical questions? If yes, what were they?
yes:

– What is an option?
– How volatility change the option price?
– What are the greeks?
– How to replicate a digital option
– How to hedge some greeks (delta, vol, gamma)
– Why as the vol increase the price increase? (intuitive answer)
– How to compute a quick approximation of BS formula

What was the most difficult / unusual question among these? How did you deal with it?
– How to compute a quick approximation of BS formula?

The real challenge is to deduce the formula, they want to know if you understand what the formula does and how. if you know the formula by memory it will show a lack of motivation for the mathematics behind the products

Any other weird questions we haven’t covered?
The last interview was more of a fit interview rather than a technical one. The interviewer told me about the role, the bank, the team and what would be a good environment to work.
What was the most unexpected thing about this interview or whole process?
The number of interviews and the level of technicality in the questions. It is imperative to be prepared for this type of interviews for IB
Did you get the offer?
Yes
How long roughly did it take for you to hear back about your offer?
2 weeks
Via what means did you hear back about this outcome?
Email
Is there anything you wish you should have known or prepared for prior to applying to this company?
The interviewers are people like me or you looking for the next potential analyst to work with. Once you understand that it gets easier to walk through a very dense interview.
Overall, out of 10, how would you evaluate your experience applying to this company?
8
Finally, before you go, is there anything else you think will help other candidates get the offer here like you did?
Just be yourself, be prepared in options theory, be cool, don’t stress about something that is not in your power to change. If they like you, you will get it.
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Written By Mai Le

Mai worked for Goldman Sachs in London for many years as an investment banking associate. When she was at LSE, her seniors used to pass her notes of their interviews as well as their cover letters, which helped her tremendously in her job search. This site is a way for her to pay it forward, obtaining qualified materials from her friends and contributors, and building a similar community to pass the resources on to you.

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