CIB Summer Analyst

Status
Intern at
Group/Division/Type
Investment Banking
City
Charlotte
Interviewed
September 2023
Overall experience
Positive
Difficulty
Easy

General Interview Information

Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months

Interview Details

What did the interview consist of?
Phone Interview
Group Interview
Please describe the interview / hiring process.
The first round was an on-campus interview where I was interviewed by a school alumnus and an MD. The interviewers were mainly focused on behaviorals, but the last ten minutes or so were technical focused. None of the questions were very difficult, mainly just why Regions and the technical were all debt focused (i.e why and when would a company raise debt vs equity). The next round was a superday which consisted of being interviewed by 3 teams of 4 that were all made up from different coverage and product groups, which had a higher focus on technicals.
What were the most difficult or unexpected interview questions asked?
Walk me through an LBO
How did you answer each of these questions (please be specific)?
1. Entry Valuation - Estimate the implied purchase price

2. Sources and Uses Table - Calculate the total capital required and funding sources

3. Financial Forecast - Project the post - LBO financials and debt schedule

4. Exit valuation and returns - Approxiamte the exit equity valuation IRR/MoM

5. Sensitivity Ananlysis - Asses the impact of key LBO return drivers

I walked through these 5 steps and explained each step. I interned at a pe shop and was able to speak to paper LBOs I had done for various companies and made the walkthrough specific to those examples.

Overall Company Rankings

  • 5 Stars
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Star
Overall Ranking

Overall Ranking is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account.

The number you see in the middle of the donut 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 reviews). 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.

4.0
Career Advancement Opportunities

Career Advancement Opportunities is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account.

The number you see in the middle of the donut 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 reviews). 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.

3.8
Senior Management

Senior Management is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company, taking everything into account.

The number you see in the middle of the donut 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 reviews). 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.

4.1

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