Jeff Sikorsky ’19 and Sam Kirby ’22 got going with the market update this week, covering Paul Russo’s leaving Goldman Sachs, Wells Fargo job cuts, Google privacy concerns, McDonald’s EU union news, Amazon personal data concerns, and Treasury surprises. See more here.
Next, Alec Cwienkala ’21 and Connor Thatcher ’21 went up to bat with a buy pitch for Citizens Financial Group (CFG), a consumer/commercial bank they argued to be undervalued, among other attractive factors. The pitch was embraced by the club and successful.
The last segment of the meeting came from Jesse Glaser ’19, who presented an example interview question: one of the market sizing and “guesstimate” types. Jesse’s important takeaways were that while one can stress about getting the exact answer right, the point of these questions is to make sure the interviewee can break down a complicated question into different factors and explain their thought process. See the exact question and Jesse’s model answer in the presentation below: