Summer Analyst Interview - Investment Banking
Both 1st and 2nd round interviews with analyst and associate were very light on technical questions. Basic walk me through 3 statements, 3 valuation methods, EV & EQV questions. I believe there was a strong focus on why you are interested in Stephens as they pride themself on being family owned and also why you want to work at a MM shop.
The third round with the VP was harder. Definitely pressed into my resume pretty hard, asking some specific questions about my experiences and also asked to dive deeper into technical questions. All pretty basic concepts around accounting, DCF, and valuation but liked to ask follow ups on the basics ( I.e. explain when you would use PGR vs. exit multiple, list line items on all 3 statements, how would increase in AP affect cash flow, when would PE pay more than Strategic).
What are the line items on all 3 financial statements?
How does an increase in AP affect cash flow?
When would a PE firm pay more than a Strategic acquirer?
What would you do on a random free Saturday in New York?
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