Off Cycle Analyst

Previous to the interview I was asked to perform an online test that included behavioural questions - i.e what would you do should you be in this situation. I passed the process and a month after I received an email from London asking me to provide my transcript. I was asked to attend an interview between October and November. The analysts interviewing me were extremely kind and helpful but I did not prepare the interview properly so I could not pass it. I was asked about the basics - what happens if a company with a high P/E acquires another with a low P/E given their data is exactly the same, at what value would I enter a company, how would I do a DCF, how would I perform a LBO, what does it mean that LBOs are floor valuations, what happens when I make a 100$ sale, 50$ paid in cash, 50$ paid with a credit card, in the three financial statements etc, a few questions about dividend recaps, what are the ways to value a company (DCF, comps, precedents) and explain them, how would I get the cash flows, why would a company finance itself with equity if its much more expensive than debt - they asked me to talk about the optimal capital structure for a firm and all that.

I ended up being rejected but used the process to learn more and I will definitely try it next year.