How my interview went on, and question about how to write a thank you letterIB
I had an interview with a MM firm today. The interview went on with two interviewers(senior associate and an associate)and just me. I feel like I have to send a thank you letter, but I don’t how to write those things. To give you some information about the situation,
I applied for a global M&A division, and they have said I was the first shot for the following interviews till Thursday. I assume that there won’t be a lot of people interviewing for the intern position, because they said only short listed people is having the opportunity.
The interview went on for about 40minutes, and I think I did pretty well I guess, except for the one I couldn’t say about the DCF model. Before the interview, when I had a phone interview, the guy said we won’t be asking technical questions, so I only looked through my resume. But in resume, I written down that I was a TA for a class, and he told me to say something about valuation. I told him valuation methods consist of fundamental valuation, relative valuation, and the one using option pricing models. And he asked me to elaborate on DCF model. At that point I lost what I should say. There was about a two second silence, and he told me to start from EBIT. I knew what EBIT is, but at that point the only thing I could remember was the generic formula, since it was a really long time ago, and I told him, “To be honest, the class was a beginner class, so we didn’t really nail down to the specific ones, but in a nutshell it is just dividing the numerator with the denominator. The numerator is the CF and the denominator is the minimum required rate of return.” I screwed up on this one right. After the questions, they told about how is the firm, working hours, pay you’ll get, the things you’ll learn, and you’ll get real duties than merely just copying works. This explanation was about ten to 15 minutes. They told me you’ll be noticed on Thursday if early, and it could take a week or so. And after that he told me if there is any questions you would like to ask, and I told them I don’t have a specific question, but whether I get into your firm or not, I will study the models and excel spreadsheets that are used in M&A. They said it is a cool idea, and right before the interview ended, I took out the firm’s brochure from my bag and mentioned about the deals the team had done before, and noticed them there seems to be a mistake on the client company’s nation. And they told me we don’t even look at them, and seemed to impressed about the fact that I figured out the thing, and followed up a question with, are you detail oriented person or more like person of seeing the big picture. And I said I first look at the big picture, and become detail oriented…
Btw, can anybody mention about how to write a thank you letter, and which people should I write to? I don’t know what I should write on the title and body. Please shed me some light!