Any insight into GIC's public equities?

Based on the most helpful WSO content, here are some insights into GIC's public equities team, culture, compensation, and interview process:

Team and Culture

• Culture: GIC is known for having a rigorous and professional culture. The environment is competitive, with a strong emphasis on performance and results.
• Team: The teams are typically composed of highly skilled professionals with strong backgrounds in finance and investment.

Compensation

• Compensation: GIC offers competitive compensation packages, which are often on par with top-tier private equity and investment banking firms. This includes a base salary, performance bonuses, and other benefits.

Interview Process

• Interview Process: The interview process at GIC can be quite intensive. It often includes multiple rounds of interviews focusing on technical skills, deal experience, and fit within the team.
  • Super Day: One example of the interview process includes a super day with a case study or paper LBO that lasts around 45 minutes. The interviewer provides information incrementally, requiring candidates to tease out the necessary details to calculate returns accurately.
  • Technical Questions: Expect questions about deal experience, business models, commodity risk, and contract structures.

Model Test

• 2-Hour Model Test: For the model test, you should be prepared to build a financial model from scratch. This could involve:
  • Financial Statement Modeling: Creating income statements, balance sheets, and cash flow statements.
  • Valuation: Performing discounted cash flow (DCF) analysis, comparable company analysis, and precedent transactions.
  • LBO Modeling: If applicable, you might need to build a leveraged buyout (LBO) model, which includes assumptions about financing, returns, and exit strategies.

Preparation Tips

• Brush Up on Technical Skills: Ensure you are comfortable with Excel and financial modeling techniques.
• Understand Business Models: Be ready to discuss various business models and their financial implications.
• Practice Case Studies: Work on case studies to improve your ability to analyze and interpret financial data quickly.

Good luck with your interview and model test!

Sources: TPG Growth/Impact insight? Culture/comp/hours?, Advice Please! Growth Equity Interview Questions?, What's the latest on Temasek / GIC?, GIP Culture, What is Canadian comp and recruitment like?