Summer Associate

Status
Student / Prospective Monkey at
Group/Division/Type
Healthcare
City
New York
Interviewed
December 2025
Overall experience
Very Positive
Difficulty
Easy

General Interview Information

Outcome
Declined Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
2-3 months

Interview Details

What did the interview consist of?
1 on 1 Interview
Please describe the interview / hiring process.
Hiring process consisted of one month of coffee chats with different people on the healthcare coverage team. There were no technicals during coffee chat but the occasional trend/recent deal question. There is no first round interview, only Super Day. Super Day was in person on the healthcare floor at BofA tower. When you arrive, 2 stub associates welcome you in and they take you to either the technical or behavioral interview. Super Day consists of 2 interviews: behavioral with a more senior banker and technicals with an associate. Here are the questions they asked:

Behavioral with senior VP:
TMAY
Vibe check conversation and me asking some questions
Technicals with associate:
WMT 3 statements buying $100 PPE
WMT 3 statements same PPE with useful life of 5 years after year 1
WMT 3 statements of same PPE sold in year 2 for $80
What are 3 valuation methodologies
What are some other ones?
What multiples to use for pre-revenue biotech
What methodologies to use between early stage biotech vs healthcare service business
Why is cash subtracted from EV
What happens to EV and equity value when issuing $100 of stock
Accretion/dilution: A acquiring B with 20% premium, 50/50 stock and debt. Company A has 10 S/P, 100 S/O, interest rate 10%, tax rate 50%, pretax income $100. Company B has $5 S/P, 100 S/O, pretax income $60, tax rate 40%.
Time for 3-4 questions at the end
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Other Interview Data

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