In: Finance
1) You are being interviewed for a new position that requires simulation as a skill set. How will you explain what simulation is used for, and how would you 'sell' yourself for that job? (be specific!) 2) Now, your best friend asks you what it was in your response to #1 above that makes you nervous (what limitation do you see that you might have if you actually got that position?)
Answer 1
Simulation is an intimation of a process or operation. It begins with preparation of a model and set of rules and process designing. Simulation is used to test a particular operation or process before it is officially implemented. It helps showcase any shortcomings beforehand and thus, help in implementation of a fool proof process or operation. It saves a lot of cost of losses or drawbacks of a system that fails to give the desired results once it is officially put in place.
One can sell themselves for a job requiring simulation skills by presenting a case of work they did, forming a storyline and adding the learnings and challenges they faced during that process.
For example - Simulation of a budgetary report on excel and finding the limiting factors or the manipulation of government regulations and its effects on the budget and costs and revenues, can be a winning proposition for you.
Answer 2
Shortcomings that can limit my work for simulation job can be overthinking and slow execution. Plus as simulation is not real, it is just an interpretation, we should be willing to take risks and not be risk averse. Thus, these few tings make me nervous for such role.