Echelon Partners Interview Questions

8 total interview insight submissions
Interview Experience (79%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.6
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (81%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

2.9
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (44%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

40%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Echelon Partners

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Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Intern
Year 2017
Job Title Intern
Group/Division Investment Banking
Location Los Angeles
Experience
Very Positive
Difficulty
Easy
1st Year Analyst
Year 2017
Job Title 1st Year Analyst
Group/Division Investment Banking
Location Los Angeles
Experience
Neutral
Difficulty
Average
Intern
Year 2015
Job Title Intern
Group/Division Investment Banking
Location New York
Experience
Neutral
Difficulty
Average
Intern
Year 2014
Job Title Intern
Group/Division Investment Banking
Location New York
Experience
Very Positive
Difficulty
Average
Intern
Year 2013
Job Title Intern
Group/Division Investment Banking
Location New York
Experience
Positive
Difficulty
Average
Intern
Year 2013
Job Title Intern
Group/Division Investment Banking
Location Los Angeles
Experience
Neutral
Difficulty
Average
Intern
Year 2009
Job Title Intern
Group/Division
Location New York
Experience
Neutral
Difficulty
Average
Intern
Year 2012
Job Title Intern
Group/Division
Location Los Angeles
Experience
Neutral
Difficulty
Average

Interview Questions & Answers - Echelon Partners Examples

Investment Banking Intern Interview - Investment Banking

Anonymous employee in Los Angeles
Interviewed: March 2017
Date Submitted: Feb 05, 2018
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
IQ / Intelligence Test
Interview
Applied via OCR and received a couple of essay questions. Wrote my essays and waited about 1-2 weeks for a callback. That was the first phone screen, which lead to a final round over skype (since I wasn't near the office). Overall pretty easy interview process.
Interview Questions
Asked about formula for EV, FCF, and the different valuation methodologies. They also ask some weird behavioral questions like, "What is one thing you could change about your school?" which isn't a difficult question but it caught me off-guard.

They seem to have a list of questions that they run through every year (even with the same technical questions). Most of the behavioral and situational questions weren't at all very serious, but more so designed to see what kind of person you were. Overall it was a pretty easy interview in a relaxed environment.
Sample Answer

investment banking analyst Interview - Investment Banking

Anonymous interview candidate in Los Angeles
Interviewed: December 2017
Date Submitted: Dec 27, 2017
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Presentation
Interview
Applied online. Was sent a case to complete. "The candidates that provide the most compelling responses will be contacted via email and/or phone to set up a
mutually convenient time for an in-person interview."
Interview Questions
An Excel model that provides a quantitative overview of the deal, addressing the implied valuation of the
Company, the annual cash flows to and from each party, and any assumptions you made.
2. A 5 – 10 slide PowerPoint presentation that you (as the M&A advisor) would present to the seller. This
should state your advice to the seller in terms of a) whether he should take the deal as proposed, and if
not, b) what changes or counter offer details you would recommend.
3. A one-page industry overview on the wealth management industry (developed in Word).
Sample Answer

Intern Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: 2015
Date Submitted: May 19, 2015
Outcome
Declined Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Interview with two separate employees at the firm. Each employee read off of a piece of paper which had 15 questions. Nearly all were behavorial. Three technicals
Interview Questions
What is the formula for Enterprise Value? What is the formula for Free Cash Flow?
Sample Answer

Intern Analyst Interview - Investment Banking

Anonymous employee in New York
Interviewed: November 2014
Date Submitted: Jan 09, 2015
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
Contacted by email after submitting resume, then filled out an additional essay, then came in for a personal interview.
Interview Questions
How many degrees are in a clock are in a clock? If the minute hand is at ___ and the hour hand is at ___, what's the degree difference?



How do the income, and balance sheet relate? What is enterprise value? How do you calculate terminal value? What's the hardest thing you ever had to over come?
Sample Answer

Analyst Intern Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: April 2013
Date Submitted: Nov 14, 2013
Outcome
No Offer
Interview Source
Other
Length of Process
1-2 months
Application
Phone Interview
Other
Interview
I applied for the summer internship position through my career center website in February. After a month I received en e-mail requesting me to answer several essay questions:

1. Please provide a brief description (in your own words) of the difference between an equity mutual fund and an equity-oriented hedge fund.
2. Please provide a description of the evolution of the financial markets in the past five years (in 500 words or less) noting the causes and effects.
3. Please develop a table containing the names of the top ten independent wealth management firms in Southern California, noting assets under management for each as of the most recent date available. Please also list any sources you consulted as part of this research project.

After sending over my responses, I received another e-mail a couple weeks later asking me to sign up for an in-person interview. However, due to a conflict, we rescheduled for a phone interview instead. The phone interview consisted of two 30-45 minute interviews with two people. The first interview consisted of mainly behavioral questions such as:

What are your strengths and weaknesses?
Tell me about a time when you demonstrated leadership.
Walk me through your resume.
Why do you want to intern at our firm?
Why investment banking?

The second interview consisted of technical questions such as:

What is enterprise value?
Walk me through a DCF.
How does a depreciation of 10 affect the 3 financial statements (assume a tax rate of 40%)?

After the interview, there was time for me to ask any questions I had. Overall, the interview was straight forward and there weren't a lot of difficult or tricky questions. My advice would be to prepare for basic behavioral questions and technical questions from the various interview guides out there and you should be fine.
Interview Questions
If you could change something about the world, what would you change? This change does not have to necessarily be related to business or economics.
Tell me about a time when you were working in a group setting and conflict arose. How did you go about resolving this conflict?
Sample Answer

Summer Internship Interview - Investment Banking

Anonymous interview candidate in Los Angeles
Interviewed: March 2013
Date Submitted: Apr 12, 2013
Outcome
Declined Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Skills Test
Other
Interview
It's pretty standard. Started off by submitting a resume. Emailed me back asked me to fill out there application form which consisted of various information about you and then two essays. Then got emailed back of a time and place for an interview. Never went to the in person interview.
Interview Questions
Please describe the evolution of the markets over the past five years. I responded to this by talking about the financial crisis caused by sub-prime mortgages.
What is the difference between a stock based hedge fund and a mutual fund. I talked about how hedge funds are usually can take long and short stakes while mutual funds generally take the long route.
Sample Answer

Analyst Intern Interview -

Anonymous interview candidate in New York
Interviewed: April 2009
Date Submitted: May 31, 2012
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
1 on 1 Interview
Skills Test
Interview
First submitted my resume on OCR around February 2009, but didn't receive any correspondence until early late March/early April. They sent a form to fill out that had a few questions such as: "Explain what happened during the financial crisis of 2007/08," as well as "Name the top 10 wealth management firms (the industry that they mainly cover) in Southern California". After submitting that they contacted me around the end of April to come into their office for an interview. The format was back-to-back 1 on 1 interviews with an analyst and a VP. Took about 30 minutes each asking basic resume questions, a few behavioral questions about working in teams, and then the typical technical (how do you do a DCF) questions. Overall the interviews were pretty standard, but your answers for behavioral questions will really set you apart. Ultimately, I think I did not receive an offer because I lacked the technical knowledge at the time, which was more than obvious when I spoke with the VP. Additionally I showed up a bit late due to traffic, so I would imagine that didn't really help.
Interview Questions
What two companies would you want to work for?

What is the angle between the two hands on a clock at 3:15?
How many ping pong balls fit in a 757?
Sample Answer

Investment Banking Summer Analyst Interview -

Anonymous interview candidate in Los Angeles
Interviewed: April 2012
Date Submitted: Apr 22, 2012
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Skills Test
Other
Interview
The firm is small, only 3 guys, but they complete a lot of pretty big deals. Considering their small size, they have a lot of interns, 8 in the last 3 years. I emailed recruiters cover letter and resume. Told if I'd like to move forward, to answer a number of questions (see interview questions section). Supposedly the top answers, would move forward for interviews, and after that, the follow candidates would be chosen.
Interview Questions
Please provide a brief description (in your own words) of the difference between an equity mutual fund and an equity-oriented hedge fund.
Please provide a description of the evolution of the financial markets in the past five years (in 500 words or less) noting the causes and effects.
Please develop a table containing the names of the top ten wealth management firms in Southern California, noting assets under management for each as of the most recent date available. Please also list any sources you consulted as part of this research project.
Interview would follow.
Sample Answer