Capstone Headwaters Interview Questions

7 total interview insight submissions
Interview Experience (92%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

4.1
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (87%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

3
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (53%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

40%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Capstone Headwaters

Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
1st Year Analyst
Year 2021
Job Title 1st Year Analyst
Group/Division Mergers and Acquisitions
Location Boston
Experience
Neutral
Difficulty
Average
Student / Prospective Monkey
Year 2021
Job Title Student / Prospective Monkey
Group/Division Investment Banking
Location Denver
Experience
Very Positive
Difficulty
Average
2nd Year Analyst
Year 2020
Job Title 2nd Year Analyst
Group/Division Investment Banking
Location Denver
Experience
Positive
Difficulty
Average
1st Year Associate
Year 2018
Job Title 1st Year Associate
Group/Division Investment Banking
Location Boston
Experience
Positive
Difficulty
Average
1st Year Analyst
Year 2020
Job Title 1st Year Analyst
Group/Division Investment Banking
Location Boston
Experience
Very Positive
Difficulty
Average
Student / Prospective Monkey
Year 2019
Job Title Student / Prospective Monkey
Group/Division Investment Banking
Location Denver
Experience
Positive
Difficulty
Easy
Student / Prospective Monkey
Year 2019
Job Title Student / Prospective Monkey
Group/Division Mergers and Acquisitions
Location Denver
Experience
Positive
Difficulty
Difficult

Interview Questions & Answers - Capstone Headwaters Examples

Analyst Interview - Mergers and Acquisitions

Anonymous interview candidate in Boston
Interviewed: March 2021
Outcome
Declined Offer
Interview Source
In-person
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Interview
Mostly fit based questions with minimal technicals, technicals included valuation methods and other simple questions.
Interview Questions
N/A

Summer Analyst Intern Interview - Investment Banking

Anonymous interview candidate in Denver
Interviewed: March 2021
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Skills Test
Other
Interview
After sending a cold email to one of the associates, I was put into the interview process (3 rounds). I first had a call with the VP which was a basic screening call. I then had a call with an associate who tested me on excel knowledge, basic technicals (3 statements, dcf, how to calculate unlevered free cash flow), and had a final interview which was mainly behavioral.
Interview Questions
1) Tell me what VLOOKUP does
2) Calculate unlevered free cash flow
- Interview was not too bad so there weren't any difficult or unexpected questions

Analyst Interview - Investment Banking

Anonymous interview candidate in Denver
Interviewed: May 2020
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Presentation
Interview
Started off with a fit interview with the VP. Second interview was super day with ~4-5 associates. You will prepare a teaser and a model (comps/DCF/LBO) and discuss at the superday.
Interview Questions
What are some potential investment highlights for this company? (Company from on case study)

Associate Interview - Investment Banking

Anonymous interview candidate in Boston
Interviewed: September 2018
Outcome
No Offer
Interview Source
Recruiter
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Interview
Got a phone interview with HR, then 2 interviews with MD and D. more fit-based questions and drill down on the deal experiences.
Interview Questions
They are more fit-based and behavior questions. Nothing difficult.

Associate Interview - Investment Banking

Anonymous interview candidate in Boston
Interviewed: February 2020
Outcome
No Offer
Interview Source
Recruiter
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Background Check
Interview
First round interview with a VP and associate. Questions weren't very technical in nature and really focused on fit. Moved on in the process and spoke with a Director and a Managing Director. Ultimately didn't end up receiving the job offer.
Interview Questions
What was the last book you've read

Summer Analyst Interview - Investment Banking

Anonymous interview candidate in Denver
Interviewed: March 2019
Outcome
Declined Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
Phone Interview
Interview
First round phone interview: basic behavioral with simple techs. Second round phone interview: 1 analyst 30 min behavioral/technical interview, one associate 30 min behavioral technical interview. Received call that night for superday which was mainly behavioral with a few technicals and received an offer a few days later.
Interview Questions
1. What is an asset that is not listed on the balance sheet?
2. Can you walk me through the three financial statements and what each one means?
3. How are the three financial statements connected?
4. What are the three valuation methods?
5. Would you expect a higher valuation multiple from from precedent transactions or comparable companies?
6. Can you rank the three valuation methods?
7. Walk me through 10$ of depreciation expense with 40% tax rate.
8. Walk me through a DCF
9. How is the Enterprise value calculated?

Investment Baking Analyst Interview - Mergers and Acquisitions

Anonymous employee in Denver
Interviewed: May 2019
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
Group Interview
Interview
Applied online, got an email less than 2 weeks later for an initial phone interview. Was contacted about a week and a half later for a fit interview with the same person I had the first interview with. Next step after that is a superday at their Denver office.
Interview Questions
Asked a lot about financial statements to test my technical knowledge. How the 3 statements fit together, what WACC is, valuation methods of a company. Needed to know a lot of details about finance and not being a finance major in college some of the questions really threw me off.