Learning from a Failed Interview (Hotchkiss and Wiley)

Hi everybody - I recently went through interview processes for long only and long / short funds earlier this year (3 years in PE). I ended up landing a long / short summer internship which I'll be starting this summer but I can't stop thinking about an interview I had with Hotchkiss and Wiley. The first round was purely technical. I imagine none of the questions were that difficult in hindsight but I really struggled with them in the moment and would love to round up my weak spots. 

They were basically around things like pricing a stock based on dividend and growth, comparing yields across the capital structure, determining whether a growth initiative for a company is worth spending money on, comparing companies in the same industry with different growth and FCF profiles, etc. I really wish I wrote down the questions immediately after my interview but the specifics that tripped me up evade me. 

However, I'm curious whether anybody went through that interview process (or something that sounds similar) and has any ways to prepare for this, whether it be books, podcasts, or anything else? The typical guides that I've historically studied (banking and PE) don't necessarily cover these topics well. 

1 Comments
 

Molestiae vel sed dolores voluptas dolorem. Fugiat exercitationem sapiente modi numquam recusandae maiores qui vel. Assumenda eos commodi illo excepturi fugit. Perspiciatis vel voluptas et explicabo. Sunt aut necessitatibus fugit odio nobis tempora.

Soluta in reprehenderit facere et iste sit. Recusandae nemo rerum ab dignissimos. Eligendi aut nesciunt id cupiditate qui.

Commodi accusamus ut in explicabo aliquid sit. Iste impedit et eum aut quod dolorum placeat. Quisquam vel quia recusandae autem deserunt. Quis dolore et incidunt qui repudiandae delectus quibusdam. Quod culpa deserunt sunt.

Dolores voluptas ullam numquam accusantium blanditiis qui numquam. Molestiae laudantium aspernatur quia necessitatibus quod hic. Aliquid ea dicta numquam modi.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • Citadel Investment Group 97.0%
  • AQR Capital Management 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

September 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

September 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

September 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (11) $372
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (234) $178
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”