P. Schoenfeld Asset Management Interview Questions

3 total interview insight submissions
Interview Experience (82%)

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
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (93%)

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.

3.3
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult

Interviews at P. Schoenfeld Asset Management

Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Intern
Year 2019
Job Title Intern
Group/Division Distressed Debt and-or High Yield
Location New York
Experience
Neutral
Difficulty
Difficult
Intern
Year 2014
Job Title Intern
Group/Division Event Driven
Location London
Experience
Very Positive
Difficulty
Easy
Intern
Year 2013
Job Title Intern
Group/Division Distressed Debt and-or High Yield
Location New York
Experience
Positive
Difficulty
Difficult

Interview Questions & Answers - P. Schoenfeld Asset Management Examples

Intern Interview - Distressed Debt and-or High Yield

Anonymous interview candidate in New York
Interviewed: December 2019
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Interview
I got connected to HR through some upperclassmen in an investing club I was in who worked there. He passed them my resume, and then HR called me to schedule a phone call. There was about a month of back and forth until I actually had the phone interview.

After the phone interview, within a wee I was emailed again by HR asking me to come in for a superday.

The super day itself involved me going to NY to their offices to do 2 interviews.
Interview Questions
The phone interview was pretty standard for a HF hiring summer interns. They asked for my story, and asked me to pitch a stock. For the rest of the interview, I told him about the stock I wanted to short, and he grilled me on my thesis and my valuation approach. Since it was a short, he also asked a lot about catalysts, and the specific timeline for them. This lasted about 20 minutes and the interview was essentially complete.

After this, I was contacted about a super day in NYC, which I went for. The super day consisted of 2 interviews, though according to people who also got the super day, the number of interviews you had was based on availability of Analysts/PMs and not really standardized.

My first interviewer was the same person as the phone interviewer, but this time he didn't ask me at all about the pitch or my story. Instead, he asked me a few fit questions, but nothing to prep for since these were just him asking about the interests I put on my resume. After this, he grilled me a bit on technicals, but nothing in M&I, and the technicals were not that complicated, but were definitely moire complicated than M&I stuff. Specifically, he asked me how PIK interest flows through the 3 statements, asked me to calculate the yield of a bond that matures in 2 years, and he also asked me this question:
An OpCo is levered at 6x EBITDA, the HoldCo is levered at 2x EBITDA, EBITDA is 100mm, and the whole company is worth 7x EBITDA. What does HoldCo debt trade at?
After this, he asked me if I have any questions for him and then we talked a bit more about my interests.

In between my two interviews, I waited for an hour in the conference room since the second interviewer had a phone call that ran over time.

My second interviewer asked me for my story, and asked me to pitch to him. He grilled me super hard on what I thought the stock could rise to (since I pitched a short) and grilled me on risk-reward payoff and how shorts should have asymmetric risk-reward profiles. This lasted about 20 minutes, after which we talked a little bit about my college (he happened to be an alum), then he asked me if I have any questions, and then walked me out of the office.

Analyst Intern Interview - Event Driven

Anonymous employee in London
Interviewed: 2014
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
2-3 months
Application
1 on 1 Interview
Group Interview
Skills Test
Background Check
Other
Interview
Took quite a while to receive the interview invitation. Fairly straight forward - I met almost everyone in the team as it's pretty small. After that they get back to me in 2 weeks to inform the offer.
Advice is to be fully prepared to talk about investment ideas. I pitched two detailed investment ideas for the portfolio manager so it was quite natural for me to talk about my own ideas
Interview Questions
Nothing unexpected. We talked about the ideas i pitched, and talked about the firm strategies and market trends, and some technical skills. The most important thing, apart from a solid skill-set, is the passion to investing and the willingness to learn in my opinion.

Summer Analyst Interview - Distressed Debt and-or High Yield

Anonymous interview candidate in New York
Interviewed: March 2013
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
Applied through my school's career site. First round was on the phone. First 10 minutes were resume focused and easy fit questions. Then I was asked to pitch two companies, one long, one short.

Got a super day after that. 3, 1 on 1 interviews. One was very technical and the other two were similar to the phone call.
Interview Questions
Why do you need more than a minute to pitch an investment idea?
I initially thought this was rhetorical but he expected an answer. Very weird question.