Investment Banking Summer Analyst

Status
Group/Division/Type
Investment Banking
City
San Francisco
Interviewed
2014
Overall experience
Neutral
Difficulty
Difficult

General Interview Information

Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month

Interview Details

What did the interview consist of?
1 on 1 Interview
Group Interview
Please describe the interview / hiring process.
First round interview: On-campus 1 on 1 that lasted around 30 minutes. Half behavioral (tell me about yourself, why PacCrest, who have you spoken with at the firm) and half technical (walk me through DCF, how would I value a company, how do I apply multiples to this specific company given xx revenues and xx EV).

Emailed by HR two days later asking for availabilities on particular days the next week for a superday.

Superday: At office, lasted about 2.5 hours. Each interview was 30 minutes.
1st - Director, majority behavioral (why did you attend this school, what were your past experiences like, etc.) with one question about EV formula.

2nd - VP, had spoken with him before so he didn't bother with basic behavioral questions. Grilled me on why banking over accounting/consulting, and then created a case study on valuing a tech company with rapid revenue growth but negative profit.

3rd - Associate, typical behavioral questions with some non-finance business questions about previous investment banking internship. Ended with "why should we hire you"

4th - 3 analysts, started with "tell me about yourself" and asked about recent tech trends/happenings but then jumped straight into technicals.

Had memorized the M&I guides so was able to answer all the typical questions, but stumbled when asked to analyze a fictional company.

Rejected by email a few days later.
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$50m+
Est Annual Revenue

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