Barclays AC coming up

Barclays
#1

I have an AC this Friday with Barclays(for Finance division), and being my first ever AC, dont have much idea of what to expect. So if anyone has sat the AC, could you please describe what its like and some tips, if any??

#2

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Amigos,

I had my AC a week ago and just want to help others out. I applied Client Coverage Graduate role, Barclays Corporate.

Interview:-
Basically prepare for examples on each of these competencies:-

CLIENT / CUSTOMER FOCUS
• Ensures business unit answers queries and processes requirements accurately in order to meet client/customer needs
• Ensures business unit takes pride in resolving client/customer queries professionally in order to create a positive
client/customer experience
• Demonstrates a high level of product knowledge and customer service
DELIVER SOLUTIONS
• Actively participates in team based problem solving within team, contributing towards solution delivery
• Evaluates analysis to draw conclusions and develop insightful recommendations and solutions
• Delivers high quality, well structured solutions
• Understands end to end operational processes /Thinks outside the box
PEOPLE DEVELOPMENT
• Responsible for team members being motivated and committed
• Understands the importance of giving, listening to and acting on constructive, open and honest feedback/Willingly
participates in feedback activities in order to assist others with personal development
• Actively manages poor performance appropriately/Effectively manages own development
• Is aware of development opportunities
COMMUNICATION AND INFLUENCE
• Is fluent in English and demonstrate excellent verbal written communications across different audiences and channels
• Articulates point of view and team direction in a clear and consistent way
• Demonstrates the ability to challenge when driving points of view
• Builds consensus across team effectively
• Demonstrates resilience in difficult situations
TECHNICAL KNOWLEDGE
• Candidate shows evidence of undertaking personal research on Barclays Corporate
• Business acumen and common sense demonstrated when considering how our business functions

For technical knowledge you get asked what challenges do Barclays face? (Also prepare for what challenges Barclays Corporate face? It will look very good if you have a good answer for this too just in case you get asked) How does Barclays Corporate make money? (For example the loans it provides to clients and so on) How does Barclays cooperate fit in with rest of Barclays and can Barclays corporate client use other services at Barclays? (Think about what services Barclays wealth provides and other areas of Barclays which can help Barclay’s corporate clients)

Numerical test:-

35 questions in 35 minutes. This should not be too bad. It’s easier than the ones I did online. (Go through percentages, ratios and the usual stuff). One very good tip here is to try and fully understand the example questions you do. There are 3 example questions you do before you start the 35 test questions. Some of the questions in the test follow the same format as the example questions. If necessary do not hesitate to ask the assessor “I’m not too sure how this example question has been worked out, can you explain this please?”
They are more than happy to help you with the example questions. Obviously they will not be able to help you with real test you do!!!

Group excerise:-

The aim of the group project is to do a presentation on whether Barclays Corporate (Who you are working for in this group project) should give Lavender Gyms a £15 million investment to merge with a company called Befit. In the presentation you need to address the following points:-

  1. Should Barclays Corporate give Lavender gyms the £15 million to invest?
  2. What are the risks? (Consider when answering this, will Lavender and Befit be able to pay Barclays the money back?) You need to also assess if the risks mentioned can be mitigated or overcome, and make suggestions how they can be overcome.
  3. Opportunities in this deal
  4. Further questions you may want to ask on this deal.

(There were a few more points but I cannot remember them)

Background information:-

Roger lavender (an ex rugby league player who had to retire due to injury) has established a set of gyms in the UK, which are doing very well. He has already tried expanding Lavender gyms to America but this has not been very successful. He is basically putting in £5million of his own and wants Barclays to put in £15million too for this merger with Befit who basically have stores all round the world.

In this exercise you get a Barclays Corporate folder which basically explains the services that Barclays corporate provides. (Divide this folder and go through it excluding a lot of the un necessary information), also you get a rather colourful booklet regarding the finances and general overview of the companies Lavender Gyms and Befit.

During the excise you will get sent an email asking whether you should purchase a research booklet costing £15000, this may be expensive, but the point to remember here is that you would rather spend £15000 and get all the research on the industry rather than spend £15 million on a market you’re not fully up to date on and which has potentially future problems (For example I remember the booklet said something about future gyms memberships going down). So we accepted this booklet and so did the other groups at my ac.

A few things to think about when doing the exercise:-

The owner of Befit is a character called Van der Baas. His working style is erratic and filled with many success and failures. (When you’re doing this exercise you will get emails saying that Van der Bass in being sued in India (issues regarding naming rights with a phone company), he’s considering a merger with a German airline company called RhineAir, and a few more emails). Befit is basically a diverse organisation which is involved in many industries. (Consider as Befit is so diverse will it be able to give Lavender gyms, remember who is our client, enough time or will it be busy with their other businesses. Also maybe consider if there is room for Befit and Van der Bass to be a silent partner in this business deal. So one of the questions you can possibly ask is how much involvement does Van der Bass want in this deal?).

Van der Baas is charging a 10% royalty charge for associating his name with Lavender gyms but this is only for the initial few years. (Consider possibly renegotiating this figure of 10% to a lower figure, maybe 5%).

The predicted short term future earnings of Befit do not look good, in the booklet you get about Befit and Lavender gyms you see that, Befit is actually predicted to make a loss short term and gains long term. However individual Befit gyms round the world are predicted to do well each year.

Lavender gyms is a high market gym and its potential merger with Befit gym, which is a low cost gym, poses questions on what brand image Lavender gyms are trying to portrait.

You get an email saying that the chief financial operator of Befit has left. Consider the benefits and negatives of this. He has not left to a competitor but he does have a lot of experience of working at Befit.

Also think if you can use other areas of expertise from Barclays such as Barclays Wealth this would be a very good idea to suggest this as it shows your knowledge on Barclays as a whole.

Timing:-

You are given 1 hour and 20 minutes for the group work and presentation. REMEMBER WHEN THE TIME HITS 30 MINUTES ON THE TIMER YOU AUTOMATICALLY LOSE 10 MINUTES SO MAKE YOU SURE YOU KEEP THIS “FUN” SURPRISE IN MIND!!!

I’LL REPEAT THAT AGAIN, REMEMBER WHEN THE TIME HITS 30 MINUTES ON THE TIMER YOU AUTOMATICALLY LOSE 10 MINUTES SO MAKE YOU SURE YOU KEEP THIS “FUN” SURPRISE IN MIND!!!

Once you time is up your given 5 extra minutes to prepare (use this time to basically decide who presents what in the group), 10 minutes for the presentation and 15 minutes for the question and answer session at the end. The question and answer session isn’t bad just make sure everyone in the group actually says something and one person isn’t answering all the question.

Final few points:-
My group decided to go against this deal, I later spoke to the assessors and they confirmed we made the right decision. Her exact words were that many people try to make the deal work but its an uphill struggle to accept the deal and justify your reasons.

Also be ready for the assessors to literally STARE at you while you work, this can be off putting but try and ignore them.

I think that was about it. If anyone else needs anymore more help let me know.

Peace and Love People.

#3

@ MCMANN 2011, this is by far the most detailed response some 1 has ever posted for an assessment centre, really appreciate all your help… send u a message pls reply back…

#4

@ MCMANN 2011, this is by far the most detailed response some 1 has ever posted for an assessment centre, really appreciate all your help… send u a message pls reply back…