FMV Capital Markets Interview Questions

2 total interview insight submissions
Interview Experience (45%)

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.

3.5
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (63%)

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 (2%)

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.

Interviews at FMV Capital Markets

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Year
Job Title
Group/Division
Location
Experience
Difficulty
Intern
Year 2013
Job Title Intern
Group/Division Valuation
Location San Francisco
Experience
Neutral
Difficulty
Average
Research Analyst
Year 2013
Job Title Research Analyst
Group/Division Valuation
Location New York
Experience
Positive
Difficulty
Average

Interview Questions & Answers - FMV Capital Markets Examples

Valuation Intern Interview - Valuation

Anonymous interview candidate in San Francisco
Interviewed: November 2013
Date Submitted: Jan 16, 2014
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Skills Test
Interview
The first part of the interview was a 60-minute written test on accounting and valuation (specifically picking comparable companies and doing basic valuations). Most of the questions are predictable if you know the guides well. Next, there was a 20 minute interview with 2 analysts at the firm that was entirely behavioral and rather relaxed (tell me about yourself, why valuation, where do you want to be in 5 years, etc.).
Interview Questions
Why is a 1% equity stake in a company worth less than 1% of the company's overall value?
Look over the income statement below and circle the 15 formatting/nomenclature errors.
Sample Answer

Research Analyst Interview - Valuation

Anonymous interview candidate in New York
Interviewed: July 2013
Date Submitted: Aug 09, 2013
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Skills Test
Interview
First consisted of a interview in their Manhattan office, with two individuals. There was one a analyst who interviewed me based on behavioral and technical questions. Second individual asked me questions on things in my resume. There was also a writing sample required. Question was tell me some hobbies you enjoy, or talk about one aspect that you feel qualifies you.

Second round interview consisted of a written technical exam. Make sure you understand balance sheet, a intrinsic valuation, and concepts such as working capital and liquidity ratios. After exam, I meet with a senior individual of the firm. Questions focused on computer skills such as Cap IQ, Bloomberg, and whether you know these skills. Followed with the second round interview was a phone interview with another senior person in the firm. This was behavioral
Interview Questions
Rank which valuation technique gives you highest value. DCF, Comps, Precedent transaction, or asset based valuation
Based on this balance sheet what type of company is this. This would focus on the industry the company is in. Also, questions on the written exam would include to show what comps analysis ratios would fit a retail company.
Sample Answer