Month of Interview:
October
Industry Detail:
Investment Banking
How long did the interview process last?:
Less than 1 month
Student / Prospective Monkey
Group/Division/Type:
Generalist
What did the interview consist of?:
Group Interview
How did you get the interview?:
College / University / On Campus Recruiting
What were the most difficult or unexpected interview questions asked?:
Started with scenario about company, given share price and shares outstanding, asked for Mkt cap. Then told the company has a certain amount of debt/cash and asked to calculate EV. Then told some cash disappears magically and asked "what happens?" (I thought too hard, they wanted to know what happens to EV). Followed up with some fit questions like "what was your favorite class in college", "why this company", "why IB" etc the typical questions you would expect. The associate didn't say anything only the partner which I thought was strange but may have been a psychological tactic
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Overall, how would you describe your interview experience?:
Neutral
Please describe the interview / hiring process.:
Applied through careers site on campus (IVY), had a 2 on 1 interview with associate and partner from the firm, lasted about 30 mins and super days held that same week
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
3.7
Undergrad Class Year (or expected):
2020
Degree 1:
BS or BSc or SB
Major 1:
Economics
Varsity Athlete:
Yes
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
No Offer
Year of Interview:
2018
How did you answer each of these questions (please be specific)?:
Pen and paper for the short technical part: $10 per share * 100m shares = 1B Mkt Cap
Then given debt (400) + cash (300) so the usual: EV = Mkt cap + Debt - Cash = 1.1B
With the question about Cash disappearing, I thought too hard and have answers about covenants or share price decline etc, all they actually wanted to know was what happened to EV so new EV = 1B + 400m - 100m = 1.3B (key to note here is that it increases, which doesn't always seem intuitive if you don't understand what EV actually means)
For fit questions, like the favorite class one I mentioned some classes in my engineering curriculum which they didn't really seem to care about, a mistake in hindsight and should've mentioned a more finance-y class
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