1st round with Perella Weinberg

WSO has helped me get into ibanking before and I hope it can help me move up in banking again. This is for a lateral position in banking and not PE. I've read the previous threads on PWP but Perella is now a larger bank now - what has changed?

What key advice do you guys have? Any non-usual technical questions (curve-balls?) Thanks to all beforehand.

30 Comments
 

PWP is the Sandy Koufax of curveballs. They really stress accounting knowledge, so be prepared to break down the minutiae of the 3 statements. I have always liked the people I met from PWP, though. If you can get in, congrats.

Array
 

Each person you interview is going to have different technicals that they'll ask you. There's no way to tell if they're going to stress accounting, valuation, fit, whatever. Just make sure that you are solid on the basics and you'll be fine. Good luck man.

 

Very reputable boutique.

  • Learn accounting, valuation models etc.
  • Try and find out if you are interviewing for a specific sector and be able to discuss reasons you want to work in that area
  • Talk about what you did in a previous deal to help others / make yourself look like a leader
  • Prepare some questions for the interviewer
  • Look at their previous transactions and have reasons why xyz transaction interested you / attracted you to PWP
 
Best Response

had interviews there not so long ago know the accounting behind PIK interest (flowing thru 3 statements) know how incremental D&A will affect a multiple (i.e. if you expect an additional $10 of maintenance CapEx in Year 4, will your EV/EBITDA multiple increase or decrease) know how selling a product (i.e. booking $100) flows through the statements (sounds easy, but trips people up)

and of course all the basics (DCF, $10 of Depreciation, knowing applicable multiples, etc.)

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Have a friend (a top student and doing BB banking this Summer) who interviewed and said it was very technical. He also got the feeling they did not like non-target kids, but that was just the vibe he was getting from his Harvard grad interviewer.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
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did you get your 2nd round yet? Is it for NY or for SF?

I had 1st round with them on 2/5 and was offered a superday on the phone because the 2nd round in sf was actually the next day...

 

easy

fit and basic finance/valuation, KNOW why PWP and current events.

I felt I connected with the interviewer but we'll see.

 

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