Month of Interview:
May
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?:
Phone Interview
1 on 1 Interview
Group Interview
How did you get the interview?:
Applied Online
What were the most difficult or unexpected interview questions asked?:
Nothing too unexpected. Examples: “How would you value a company? If you purchase a fixed asset, how does it affect all three financials? Now, how about one year from now?” They also asked “Why Wells Fargo?” and “Tell me about a time where you worked in a team setting.” The questions were very low quality and not at all helpful. They also asked “How would you value an apple tree” which I thought was a unique question. Towards the end, I was given a hypothetical business case about opening a flower shop, and was asked to report what I would account for when starting a new enterprise
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Overall, how would you describe your interview experience?:
Very Negative
Please describe the interview / hiring process.:
It was through a diversity program sponsored through my college campus career center. Attended Superday and participated in first-round interview with two professionals.
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
3.6
Undergrad Class Year (or expected):
2022
Degree 1:
BS or BSc or SB
Major 1:
Business Admin. / Management
Varsity Athlete:
Yes
Millitary Program (ie. ROTC):
No
Race:
White
Sex:
Male
Outcome of Interview:
No Offer
Year of Interview:
2020
Why did you choose to decline the offer? (optional):
I didn’t get an offer.
How did you answer each of these questions (please be specific)?:
I gave the textbook depreciation/capex response, talking about how the transaction affects each financial statement. For how to value a company, I talked about relative and intrinsic valuation. For relative valuation, I talked about spreading comps and precent transaction. For instrinsic valuation, I talked about using a DCF and how it works. He asked me what type of company within healthcare sector (this was for HC coverage group) would use either valuation method. I told the interviewer that a biotech company with unstable cash flows should not use a DCF.
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