For those of you that have gone through Superdays for FT IBD (BB or elite boutique) after having banking/finance-related internships, were you ever asked advanced M&A and LBO questions similar to the ones found in the BIWS guide?
Also how familiar do you have to be with LBO modeling? Thanks in advance.
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Yes.
It will depend on the interviewer but these types of questions are certainly likely to come up, even more so if you have previous banking experience or have put modeling as a skill set on your resume. If you don't know something, I would preface by saying you have limited experience with the particular subject they are asking you about but here is how you would think about the answer. People are usually pretty reasonable if you show interest and don't try to bs something you don't know, and you get more credit for being upfront about your knowledge.
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