Month of Interview:
August
Industry Detail:
Investment Banking
How long did the interview process last?:
Less than 1 month
Intern
Group/Division/Type:
Generalist
What did the interview consist of?:
Phone Interview
How did you get the interview?:
Applied Online
What were the most difficult or unexpected interview questions asked?:
The interview questions I got were the following:"You're the CFO of a major company and you're reviewing your books when you find that you've accidentally added $100 million too much in depreciation. Can you please say how this will affect the financial statements?""OK, so you managed to keep your job as CFO, and now you are looking for some inorganic growth. You are sent to find new companies that you could merge with. What are some ways that you could evaluate these companies?"
The hardest question I got was: Why do you want to work in this city, and what is the difference, besides size, between a boutique and a bulge bracket?
No votes yet
Overall, how would you describe your interview experience?:
Positive
Please describe the interview / hiring process.:
I applied online but saw that one of the senior people went to my high school, so I reached out to him. First round consisted of two phone interviews back to back both about 25 mins long. Both a mix of fit and some regular tech. Wanted to know why Moelis, why Boston, and the difference between a BB and boutique which I was a little fuzzy on.
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
3.8
Undergrad Class Year (or expected):
2019
Degree 1:
AB or BA
Major 1:
Economics
Varsity Athlete:
Yes
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
Accepted Offer
Year of Interview:
2017
How did you answer each of these questions (please be specific)?:
1. This was a regular depreciation question. If it goes up by 100m then your pretax income will go down 100m, assuming a 40% tax rate your income goes down by 60m. On the cash flow statement you're starting down 60m, but you add back the full 100m to get to plus 40m at the bottom. On the right side of the balance sheet retained earnings is down 60m, cash is up 40, and ppe is down 100m so it all balances.
2. I would use 4 ways: precedent transactions, which looks at other transactions in the space and gives a good comparison for the control premium. Public comps, which gives market data on multplies such as p/e or ev/ebitda. DCF, which measures the value of cashlows. LBO, which looks at the IRR.
3. I like Boston because it is an elite city, but it is not as big as New York. It just fits my personality and work style better, and I feel like it allows you better opportunities.
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