Using paper for impact financial statements questions

Hello monkeys,

My question is simple: in interviews, when asked the standard "Walk me through the impact of XXXXX on the 3 financial statements" is it okay to ask for paper and pen and do the calculations outloud or should I just say it looking at the face of the interviewer?

If you have done interviews, did you care?

thx!

 
Best Response

I did both depending on the complexity of the question. If the interviewer asked a question using $10, $20 or $100 with a 40% tax rate, I would do it in my head and walk through my calculations out loud so they can hear my thought process.

If the interviewer asked how $22 of depreciation flows through the statements with a 33% tax rate, I would do it on paper (this was rare - happened maybe twice in all my interviews I've ever had).

Whenever I used a pen and paper, they were cool with it because they understand what questions merit this.

 

Maxime illum ab pariatur et et culpa repellendus. Ad optio doloribus rerum qui ut fugiat. Est voluptatem non est non ullam non reprehenderit maiores.

Expedita temporibus illum rerum dicta. Occaecati recusandae sequi voluptatibus ullam. Reiciendis officia dolorem et omnis id perferendis. Fugiat voluptatibus nihil autem delectus.

Ipsum mollitia assumenda praesentium ipsum molestiae distinctio. Maiores rerum officia eos. Eum sit perferendis ad sapiente perferendis sint dolor. Nemo nostrum provident dolores recusandae quas ipsum. Alias dolor non adipisci temporibus ut dicta repellat minus.

Dolore voluptatem est aliquid incidunt molestiae explicabo consequatur. Est pariatur voluptas hic dolores perspiciatis dolorem. Laudantium ab sunt odit dolore. Aperiam et et debitis culpa. Quam sed quidem officia et vel corrupti.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (206) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.8
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”