Question: Discussion: Evaluating Candidates for a Financial Analyst Position When I imagined I was interviewing candidates for a Financial Analyst position I thought back to previous
Discussion: Evaluating Candidates for a Financial Analyst Position When I imagined I was interviewing candidates for a Financial Analyst position I thought back to previous job interviews that I had that dealth with anylizing information. Therefore I thought of asking two important questions, one to test their technical competencies and their ability to fit in a diverse corporation. The first question I would ask is a Net Present Value (NPV) calculation: 1. Imagine you're evaluating a project with the following cash flows. Calculate the Net Present Value (NPV) using a discount rate of 8%. Year 0: $20,000$20,000 (initial investment) Year 1: $6,000 Year 2: $8,000 Year 3: $10,000 This question is important because it will help me determine if my candidate obtains technical skills and analytical thinking to solve a fundamental financial concept, such as the time value of money. When they completed this question, I would be able to determine if they were attention to detail orientated to solve this problem. The job title speaks for itself through its name of Financial Analyst, with calculations being the front most important skill to obtain to help the company keep accurate data
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