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I am from a non-target and have my first superday this coming week with a MM IB. I have been going over WSO's fit and technical guides and looking at Mergers and Inquisitions.

Is there anything else that I can do to prepare? Any advice would be greatly appreciated.

Comments (11)

  • esbanker's picture

    Yes. For a super day, less is more.

    Obviously study hard for it, but during the last few days leading up to the super day, focus less on getting every technical detail down and more on being mentally prepared for getting grilled for a couple of hours. Being composed, relaxed, and easy to talk is far more important than a fidgety know-it-all.


  • In reply to KKS
    little_monkey's picture

    KKS wrote:
    Thank you for the help. How important do you think the "pitch me a stock" question is?

    Very important. For instance I was able to weave in the stock pitch into a number of questions, such as "Tell me more about the investment club" - I'd give a small intro and then transition into the pitch. Same for "What has been going on in the markets lately?" or "Have you been following the XYZ industry?"

    Rarely someone will actually say "Pitch me a stock" for an IBD role (though not unheard of), more often a stock pitch is expected when asking about market activity (not macro events of course).

    Also, as a side note, a whole bunch of my friends who are currently juniors had been brutalized with technicals during superdays by MDs and VPs. Even last year superdays were way less technical. Bottom line, you have to prepare for all sorts of question (fit and technicals) equally. Good luck!

  • westsidewolf1989's picture

    It's important in the sense that it shows your analysis skills as to your ability to interpret financial statements as well as your real-life knowledge of financial ratios as opposed to what you just learn from the interview guides. That said, I never got a question on that, but was asked questions concerning more macro-issues or stock/commodities markets.

    Be able to talk about sports and shoot the breeze with the interviewer. A good percentage of my fit interviews involved talking about sports or other current events, with only part of the conversation having to do with finance.

  • KKS's picture

    Thank you for the advice. How long should this stock pitch last? Do I need to memorize a bunch of multiples or would a brief explanation with reasoning suffice?