Month of Interview:
May
Industry Detail:
Investment Banking
How long did the interview process last?:
Less than 1 month
Summer Associate Intern
Group/Division/Type:
Generalist
What did the interview consist of?:
Phone Interview
1 on 1 Interview
Group Interview
How did you get the interview?:
Other
What were the most difficult or unexpected interview questions asked?:
The Phone screen was very technical and consisted of a case study on a potential sell side deal.
-Was asked to describe what I would put in the marketing materials of the deal and details on each specific part(valuation, industry trends, company financials, etc) and then which specific methods I would use to value each the company and then inside that portion was asked 30 minutes worth of book technicals about each method.
There were 2 interviews at the superday. 1 was technical and 1 was behavioral.
-Technical interview was very similar to the phone screen. Walk me through a sell-side process and what would you put in the marketing materials.
-Really in-depth questions about DCF, LBO and the factors that could be changed in each to get different valuations
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Overall, how would you describe your interview experience?:
Very Positive
Please describe the interview / hiring process.:
Pretty straightforward. Consisted of a very technical phone interview on a Friday then got invited to a super day that next Wednesday for that next Friday.
Overall, how difficult was the interview?:
Difficult
Official Undergrad School Name:
Overall Undergrad GPA:
4.0
Undergrad Class Year (or expected):
2020
Degree 1:
AB or BA
Major 1:
Finance
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
Accepted Offer
Year of Interview:
2018
How did you answer each of these questions (please be specific)?:
- In regards to the phone interview, there were not many very challenging questions, but they more wanted to see how you could actually apply the knowledge you gain in the guides. The case I got was a food truck and I talked about how I would go about valuing it with a DCF as there would not be many public comps or analysis and the interviewer liked that answer and used that to dig deep into WACC, Unlevered free cash flow, DCF assumptions, but nothing that someone couldn't find in a guide.
-In regards to the super day, the format was the same for technicals. Another case, this time a manufacturing company and again going in-depth about each specific valuation method.
-If you had a COE of 20% and a WACC of 15% would you do a LBO with an IRR of 20%
-No, because it is an equity investment
-How would you then chose to invest if you could not do the LBO
-Buy stock in the company
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