Citigroup: Investment banking division (internship)

Question

What is 100 divided by 12.5 (no paper)

Candidate's answer

8

Question

If a company has cash flows of -50, 0, +50 billion, what is its rough value?

Candidate's answer

I said less than 0 (time-value of money), which was deemed correct.

Question

Why IBD, not, say, consulting?

Candidate's answer

I said I wanted to obtain a specific skill set where I could really add value, and IBD would provide me with that opportunity building both my hard and soft skills, with recommendations based on experience and strong analysis not back of the envelope calculations and off the shelf models like porters 5 forces.

These questions were provided to us by a candidate claiming to have interviewed at the institution named above. We cannot guarantee that these were the actual questions asked.