Month of Interview:
January
Industry Detail:
Investment Banking
How long did the interview process last?:
Less than 1 month
Intern
Group/Division/Type:
Investment Banking
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?:
There is no unexpected questions. Very common one. The first call was more fit: why school, why bank, why IB, which group coverage or product. Tell me about a time when you face conflict how you deal with it etc
The only technical was how the three statements are linked, what happens if depreciation +10
The second interview was more technical, but the questions were very common. Started with walk me through your CV, why IB. Then went the accounting questions: Depre +10, what would happen. What if finance inventory with debt. first year, second year, then sell the inventory, what would happen. Walk through DCF, unlevered/levered FCF, what if CF is negative then value based on what?
No votes yet
Overall, how would you describe your interview experience?:
Neutral
Please describe the interview / hiring process.:
I got a first round interview, which consisted of 2 phone calls with 2 analysts. After the first round is the super day, which I didn't get because I was an idiot back then with technical (didn't practice enough)
Overall, how difficult was the interview?:
Average
Official Undergrad School Name:
Overall Undergrad GPA:
3.9
Undergrad Class Year (or expected):
2020
Degree 1:
BBA
Major 1:
Finance
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
Asian
Sex:
Male
Outcome of Interview:
No Offer
Year of Interview:
2019
How did you answer each of these questions (please be specific)?:
For the fit questions, it is personal so it is up to you.
For the accounting questions, depre+10 is textbook. But then the multi-year accounting makes me feel like an idiot. finance inventory with debt: first year, inventory is up, debt is up, everything balances. 2nd year, sell inventory, then revenue is up, COGS is up, interest expense is up -> pre-tax income changes -> net income changes. Adjust inventory for CFO, then on the B/S, cash changes, inventory changes, r/e changes.
Walk through DCF, unlevered/levered DCF is common. then for negative cash flows, i say i would extend the forecasting period, or use other metrics such as EV/sales, EV/subscriber for industry-specific
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