UBS Equity Research technical Interview

Hello guys, next week I will have a technical interview with UBS for the Equity Research position. Can someone give me some advice or examples of questions they might ask?

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Based on the most helpful WSO content, here are some insights and advice for preparing for a technical interview with UBS for an Equity Research position:

1. Common Technical Questions:

Valuation Techniques: Be prepared to discuss valuation methods such as DCF (Discounted Cash Flow), comparable company analysis, and precedent transactions. For example, you might be asked to "walk through a DCF" or explain how you would value a company in a specific sector.
Financial Metrics: Understand key financial metrics like P/E ratio, EV/EBITDA, and how they are used to compare companies.
Industry-Specific Knowledge: Depending on the sector you are interviewing for, you may be asked about specific trends, challenges, or metrics relevant to that industry.
Accounting Knowledge: Be ready to answer questions about financial statements, such as how the three statements are linked or the impact of specific transactions on them.

2. Behavioral and Fit Questions:

Why UBS? Tailor your answer to UBS' values and principles. For example, you could mention their client-focused approach or a specific program like the Graduate Talent Program (GTP) if relevant.
Why Equity Research? Be clear about your interest in analyzing companies, understanding industries, and providing actionable insights for investors.

3. Preparation Tips:

Practice Technicals: Use resources like the WSO Technical Guide, the 400 M&I question guide, or Rosenbaum & Pearl's book for M&A and valuation-heavy content.
Mock Interviews: Practice explaining complex concepts in simple terms, as you may be asked to demonstrate your ability to communicate effectively.
Stay Updated: Keep up with current market trends and news, as you might be asked about recent developments in the equity markets or a specific stock.

4. Example Questions:

Walk me through a DCF analysis.
How would you value a company with negative earnings?
What are the key drivers of a specific industry (e.g., tech, healthcare)?
Tell me about a stock you are following and why you think it’s a good/bad investment.

Good luck with your interview! Preparation and confidence are key.

Sources: UBS SONRU First Round Video Interview, https://www.wallstreetoasis.com/forum/investment-banking/how-to-prepare-for-restructuring-technical-questions?customgpt=1, Breaking into buy-side equity research - my experience, https://www.wallstreetoasis.com/forum/investment-banking/non-target-to-bb-ib-sa?customgpt=1, Q&A: Technology IB Analyst

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