Behavioral interview questions
Behavioral (experience-based or patterned behavioral) interviews are past-oriented in that they ask respondents to relate what they did in past jobs or life situations that are relevant to the particular job relevant knowledge, skills, and abilities required for success. The idea is that past behavior is the best predictor of future performance in similar situations. By asking questions about how job applicants have handled situations in the past that are similar to those they will face on the job, employers can gauge how they might perform in future situations. Behavioral interview questions include:
- Describe a situation in which you were able to use persuasion to successfully convince someone to see things your way.
- Give me an example of a time when you set a goal and were able to meet or achieve it.
- Tell me about a time when you had to use your presentation skills to influence someone's opinion.
- Give me an example of a time when you had to conform to a policy with which you did not agree.
Other types of interview questions
Other possible types of questions that may be asked alongside structured interview questions or in a separate interview include: background questions, job experience questions, and puzzle type questions. A brief explanation of each follows.
Background questions include a focus on work experience, education, and other qualifications. For instance, an interviewer may ask "What experience have you had with direct sales phone calls?"
Job experience questions may ask candidates to describe or demonstrate job knowledge. These are typically highly specific questions. For example, one question may be "What steps would you take to conduct a manager training session on safety?"
The puzzle interview was popularized by Microsoft in the 1990s, and is now used in other organizations. The most common types of questions either ask the applicant to solve puzzles or brain teasers (e.g., "Why are manhole covers round?") or to solve unusual problems (e.g., "How would you weigh an airplane without a scale?").
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The City – the Heart of British Business Life
The City of London is a very busy and exciting place. In fact, The City does not refer to the whole of central London but rather to a small area east of the centre. It is about 1 square mile in area and is often called the Square Mile. Nearly a million people work here during the day – that’s more than the population of Frankfurt. But the City is only busy during the day. At night it is very quiet and almost deserted. Fewer than 8000 people live there. Why is The City of London proud of its independence and traditional role as a centre of trade and commerce?
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Firstly, the history of The City confirms this fact. The economy of London took the leading position in Europe earlier than other European cities. The Romans built a city, Londinium, in AD 50. In the 1300s, money-lenders from Lombardy, in Italy, came to Londinium. They started doing business in the area of the walled city. Still now it is one of the leading centre in the world, where banks and offices are situated.
Secondly, it is the place, where the most important sites of the city situated. The City is the world's largest single market for international banking. The Bank of England (or The Old Lady of Threadneedle Street) and the Stock Exchange are situated here. The Bank of England was founded in 1694 largely to finance the French wars during the reign of William and Mary. Within the vaults of "the Old Lady of Threadneedle Street" are kept the nation's gold reserves. The Bank was an independent company up to 1946 when it was nationalized and control passed to the Treasury. This is the central bank of Britain. It also prints British banknotes. The Banks main offices are in Thread needle Street, in the City. Besides, banks from about eighty countries have officers in London. There are about six hundred banks in the City.
The Stock Exchange is one of the oldest in Europe (works from 1570) and the largest in the world securities market. 50 % of international stock trading is being done here, and the annual trading volume exceeds $2.5 trillion. New York and Tokyo stock exchanges such result cannot boast.
Here, too, you will find Lloyd's the most famous insurance company in the world. The insurance industry is focused around the eastern side of the City, around Lloyd's building. Insurance companies started because Britain had a lot of ship-owners. Their ships sailed all over the world, doing business with foreign countries. When a ship got lost at sea, ship-owners lost everything. So they paid money to insurance companies to protect themselves.
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According to the survey compiled by the consulting company Z/Yen Group rating of world financial centers (Global Financial Centres Index) London has shown itself as a leading financial centre for international business and trade, it is one of four "management centers" of the global economy. The ranking is an aggregate of indices from five key areas: "business environment", "financial sector development", "infrastructure factors", "human capital", "reputation and general factors". As of September 2016, the top centers worldwide are: London, New York, Singapore and Hong Kong remain the four leading global financial centers. This market is growing by 39 % annually — much faster than in New York City with its 8 % gain. Last year on the London stock exchange was carried out 419 new locations, twice as many as in New York. The pound sterling, the currency of Great Britain, ranked fourth in the world by bestselling and third currency as a reserve currency.
Among the main factors that influenced the formation of The City as a global financial and business center, we can highlight the historical background; economic factors, including, relatively low tax rates and, of course, the overall high level of economic growth of the country. Besides, it is in the central time zone that allows playing the role of the so-called bridge between American and Asian financial markets, with well-developed transport infrastructure, especially in the field of air transportation. Of course, you also have to remember that English is the international language of the global business community.
Thus, it can be argued, that the City of London is the biggest financial centre in Europe, and one of the greatest in the world.
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Why New York Is Considered One of the Main Financial Centers
The City of New York, often called New York City or simply New York, is the most populous city in the United States. Probably everyone knows that London and New York are two of the busiest centers for international trade and commerce. These cities have the infrastructure, government support, and a skilled workforce to play host to some of the biggest financial institutions of the world.
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New York is considered the second largest international financial center and one of the largest centers of its kind in the world. In this city there are the country's largest banks, major insurance companies, such leading international trade exchanges as cereals, cotton, coffee and sugar. The New York Stock Exchange is one of the world's largest centers of financial and banking operations. The city has huge global significance and impact in terms of commerce, media, finance, fashion, art, technology, research, entertainment and education.
As a highly developed region, as a world city, New York is the largest center of management functions. Here are the headquarters of several dozen of the largest industrial and other corporations in the United States, including Exxon, Mobil, Philip Morris, and others.
New York is the largest scientific and cultural center in the United States, the first in the country in terms of the number of educational institutions and scientific institutions, libraries and museums, theaters and cinemas. At the same time, this is the "news capital", in which there are the boards of the largest television companies, the editorial offices of many of the most popular newspapers and magazines.
Feature of New York as a financial center is that it is only the international capital markets and the basic source of Eurodollars. The main place among components of this financial center belongs to the market of the bank credits. The international activity of large American banks is connected not only with credit transactions, but also with investment. They offer the clients various transactions with securities, place securities in primary market, and operate as brokers in the secondary market.
The efficiency of the New York capital market is reached at the expense of issue of new bonds by internal financial institutions at lower price in comparison with other foreign markets.
The currency market is developed poorly, but in accordance with such indicators as "the volume of turnover", "quantity of circulating currencies" it is considered as the world largest center on trade in currency.
The important place is taken by the securities market, which connects the American financial markets with the international financial markets. In this market the wide choice of financial instruments is presented: shares, bonds, shares of unit funds, depository receipts, convertible debt papers, index shares, forwards, swaps, warrants, etc.
The securities market of New York, as well as the common stock market of the USA, is attractive to investors of the whole world by lack of the taxation for nonresidents of the USA. Thus, we can conclude that New York is really considered one of the main capitals of the financial center.
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