Summer Associate

First round interview at b-school.

Questions below:

"- If there's something I should remember about you from this conversation, what would it be?
- Why IB? GS? Group?
- If you get an offer from (i) GS but not from one of your top 3 group choices, and (ii) another great bank but your preferred group, how would you think about that decision?
- There's an analyst who is high will + low skill and another who is high skill + low will. How will your management style change depending on the person you are working with?
- Client needs something by tomorrow. How will you get the low will person to do the work?
- Explain the deal you've prepared as if I'm a middleschooler.
- If you were the sell side banker, how would you sell the deal to shareholders of the target?
- Compare the football fields, if the transaction happened one year back. Factors driving the changes.
- In what situations would implied share price be the same, even if the multiple changes?
- Comp A has $20 EBITDA, 10x multiple, 5x lev. Whats the EqV?
- A acquires B, that has $10 EBITDA, 15x multiple, with $50 debt and rest equity. What proportion of equity of the pro-forma entity will both sets of shareholders hold? What's each shareholder's value, if A trades at same multiple after the transaction?
- Why would A's shareholders approve the transaction, if their equity value is going down? The pro forma company is trading at a 10x multiple
- What is the min synergy required for breakeven?"