ER Interview
Hey Everyone,
I have a TI interview coming at MS in London for an ER Summer. I was wondering if anyone would have any insight as to whether this interview would be with HR or an analyst within a research team. And separately, when asked the infamous "pitch me a stock" question, would the interviewer expect you to have done valuation (DCF, comps) on the company before the interview?
Thanks in advance!
MS generally skips HR for SA markets interviews ime
Would use multiple to value, not DCF.
Would you recommend using forward P/E or EBITDA multiple? I'm pitching to go long on a mid-cap biotech stock with a high anticipated growth rate (Jazz Pharma).
Focus more on EBITDA. Funds and banks in ER focus on EV/EBITDA and use the industry avg. to compare the company you have interest in.
It will depend on sector. P/E is usually the go to, if you’re not using P/E you should have some understanding why you aren’t.
You should have 2-3 pitches by the way. Biotech tends to use DCF afaik
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