Imperial Capital Interview - Any inputs on interview process?

Phone interview coming up..want to know any inputs on how the interview process is for Imperial Capital..telephone..2nd round etc.. Have searched and haven't found answers..help's appreciated.

 
Best Response

I interviewed with their LA office recently. First round phone interview is pretty standard. I interviewed with them off cycle and was brought in for an interview end of Octoberish after a phone screen and first round phone interview. They ask you typical questions like why banking, why middle market, why imperial, etc. Then a lot of basic technicals. Questions I got (and remember) were:

1) DCF walk through and drill down (e.g., how to calc wacc and then cost of equity, when looking at peers for equity cost of private company would you take mean or median and why, why do we typically use UFCF etc.)

2) what are some common adjustments made to normalize ebitda

3) valuation methodologies and pros and cons to each

4) walk me through an LBO. What is a cap table? What assumptions have greatest effect on valuation/IRR, etc

5) couple of enterprise value related questions. Need to know formula. Why subtract excess cash? Go from EV to equity value, etc.

6) how do the three statements tie together; might have been a depreciation flow question

7) walk me how to get to EBITDA from top of income statement

Those are what I remember. I heard back about "super day" pretty quickly after phone interview. The office interview had a few more technical questions but was definitely more fit-focused. They seem like a tight knit group and were pretty cool guys overall. Wanted to know about interests outside of work, what you do for fun, etc. Definitely recommend expressing that you're really interested in the generalist aspect of the role and that you want exposure to different industries and products (mostly do m&a and debt raises, also some restructuring but was told the restructuring people kind of operate separately from the rest or something like that). They also want to know that you really want to be in LA (if this is for their LA office obviously).

 

Thanks brutalglide.

If anyone can help me out with some input on their interviews that'll be helpful. I'm going to prep for technicals regardless but it would be a bit better to not have to go in blind especially if there will be a ton of restructuring questions when I'm mainly aiming for M&A.

 

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