
CIT Financial Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 8 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at CIT.
Financial Analyst
The firm recruited at my school, I submitted an application, and then had a first round interview on campus. The interviewer was really friendly and helpful, telling me about the position and his own experiences at the firm. I heard back within a week and was invited to the superday, which was about a month away. I only interviewed with one group within Corporate Finance, which I had chosen. I had 4 separate 30-minute interviews with VPs and MDs in that group, and they were all easy to talk to. They mostly asked behavioral questions and questions about my previous job experiences. It was a great experience overall, and I enjoyed talking with everyone I met.
- Typical technical questions on valuation and banking were asked.
Financial Analyst
You start the Financial Development Program as a intern during the summer after your Junior year of undergrad. The interview process was an initial interview on-campus which consisted of 3 interviews. 2 technical and one behavioral from HR. Questions ranged from general CIT knowledge to technical inquiries on information that you put on your resume. For example, I had put that I did account reconciliations during my previous internship. The interviewer asked me what a reconciliation was, its purpose, its importance and significance, as well as the process in which it was performed. Also, depends on your interview in general based on their individual style of how they would like to evaluate you. HR interview was very basic concerning behavioral questions which consisted mainly of team-related conflicts. Second round interview consisted of two interviews one with a higher up employee as well as the head of HR. Rotations consist of the following business units: Financial Planning & Analysis Controllership Investor Relations Accounting Treasury During the final week of the internship all interns have to give a presentation to the CFO, Scott Parker as well as his leadership team to present what you have done throughout your internship as well as critique the program as a whole. The following day interns find out whether they have received an offer for a full-time positions. CFO as well as his team seem very genuine from my experience. They take criticisms on the program very seriously and are looking to improve at every moment they get. I personally got the feeling that they genuinely cared about us as interns and our overall career development.
- Why should we hire you over the rest of the pool and what can you specifically bring to the table that others may not be able to?
- Explain what an account reconciliation is, its importance, its purpose, as well as the process in how to do one.
Corporate Finance Associate
I found the job on an online posting and a recruiter called me about two weeks later. I called them back, and they gave me a quick phone interview right then and there. They asked me about my resume, what I liked about the firm, and why I was interested in the job. After doing well, I got called back for an in-person interview that same afternoon. The in-person part involved meeting with everyone in the group, which was 4 or 5 people, one on one, and also someone from HR. They asked basic questions about my past experiences and coursework, as well as some "fit" questions about my hobbies and interests. The offer came after this, but it was surprisingly low and not what I expected. This made me hesitant to recommend the firm, and I ended up taking another offer from a place that handled things more professionally.
- Can you explain how to build a DCF, including how to lever Betas, calculate WACC, and use CAPM?
CIT Financial Analyst Interview Questions
Quoted word for word from CIT interview reports.
“How would you value a startup that doesn't have predictable cash flows?”
Read reports →“If I were a music major with $1000 and no finance background, how would you guide my first investment decisions?”
Read reports →“Can you explain how to build a DCF, including how to lever Betas, calculate WACC, and use CAPM?”
Read reports →“What is your definition of a "team"?”
Read reports →“What can you tell me about the company and its operations?”
Read report →“You have 5 minutes to talk to me, how would you structure our 30-minute conversation?”
Read report →“How do you view the company culture?”
Read report →“What are your expectations regarding company culture?”
Read report →“Can you share an instance where you convinced your team to pursue an idea they were initially reluctant about?”
Read report →Formats, difficulty and experience
Across all 8 CIT interview reports.