I have a second round interview with Perella Weinberg

Hi everyone, I have a second round in-person interview with a VP from Perella Weinberg. What kinds of questions should I expect? How can I best prepare?

Thanks for all your help,

HS

 

In theory it's not too tough, but sometimes I get some crazy technical questions out of left field (Not talking about, explain how depreciation is a non-cash expense, explain WC, explain WACC, walk through DCF etc.), and I have no idea how to prepare for those. Any suggestions?

 

No dude, what I'm saying is I know that stuff, like the back of my hand, "I get some crazy technical questions out of left field (Not talking about, explain how depreciation is a non-cash expense, explain WC, explain WACC, walk through DCF etc.)."

Read it carefully, I said NOT talking about, the aforementioned terms.

The stuff I have trouble with are highly technical questions. For example, I had an interview with another top-tier bank and they asked me, why do you subtract minority interest from EBITDA when doing comps. I know what minority interest is, I know what EBITDA is, but at the time of the interview, I had NO friggin idea why you subtract it out when doing comps, I couldn't connect the dots on the hot seat. After they explained it to me, it made total sense and I can handle that now.

To prevent a similar face-plant at another one of these interviews, I want to be uber-prepared for crap like this, but I can't read an entire finance book in one night.

That's why I'm reaching out.

 
Best Response
IB_Hustla:
No dude, what I'm saying is I know that stuff, like the back of my hand, "I get some crazy technical questions out of left field (Not talking about, explain how depreciation is a non-cash expense, explain WC, explain WACC, walk through DCF etc.)."

Read it carefully, I said NOT talking about, the aforementioned terms.

The stuff I have trouble with are highly technical questions. For example, I had an interview with another top-tier bank and they asked me, why do you subtract minority interest from EBITDA when doing comps. I know what minority interest is, I know what EBITDA is, but at the time of the interview, I had NO friggin idea why you subtract it out when doing comps, I couldn't connect the dots on the hot seat. After they explained it to me, it made total sense and I can handle that now.

To prevent a similar face-plant at another one of these interviews, I want to be uber-prepared for crap like this, but I can't read an entire finance book in one night.

That's why I'm reaching out.

have you interned in ib before? that is a very basic question if you have.

basically, they are asking if you have spread comps before. i wonder how you got the itnerview without ib experience...

 

Lots of multi-step accounting questions. DCF, Equity Value/Enterprise Value, LBO, Merger Model, etc.

If you are strong in accounting and have a good understand of modeling (focus on the key drivers) you will be fine.

 

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