summer intern

Resume-based Questions:
Linking the logic behind each segment of education and internship experiences.
Mainly asking about the most recent internship (deal, model, challenge, multiples, etc.)


Technicals:
Three valuation methods.
EV bridge.
Changes in the three financial statements (various variations).
Insights on the current market.
M&A accretive/dilutive.
Some niche questions I've been asked about: lease, how in-the-money options affect the calculation of fully diluted shares, stock pitch.
Walk me through a DCF/LBO model.
How to value a company with no revenue/profit.
How to move from unlevered FCF to levered FCF.
Cost of equity and cost of debt, which is higher.
Tell me some ways to make an M&A deal accretive.


Behavioral Questions:

Why IBD (Investment Banking Division), why this bank, strengths.
Negative stories are very, very important (failure/mistake/weakness).