Best way to understand and study for technical questions and behavioral questions for interviews?
I see so many different guides and resources and its been hard to find a clear answer of which are the best guides to study. Should I study the 400 questions wso?
Mock with friends for behaviorals they’ll let you know if you sound like an idiot.
And for technicals understand it conceptually and be able to talk about technicals without the guide’s wording
Everything in technicals is related to eachother
Accounting is the base of fiannce and tells the story
EV is the base of valuation
Valuation consists of DCF (intrinsic valuation) and comps and precdent which are relevant
DCF is all about unlevered and levered free cash flow and valuing a company based on the making of money
M&A is it’s own entity just like LBO
it’s all super simple if you are interested in it just don’t be lazy
Yea for sure Ive been going over the 400 questions guide the past couples days and its been going pretty good if you just put the hours in it starts to make sense, but the only section ive really been struggling on understanding is Accounting. What should I do to really understand this section because I can memorize this section but not really understand it, should I build a model to understand. What do you think I should do to really understand how it works.
Thank you for your advise in advance!
I would open up a sample 3-statement model and go through it looking at how line items flow into each other. It’s great knowing that net income affects retained earnings, but seeing it may help build that understanding.
Same to what the guy above said. I’ve struggled mostly with memorizing accounting changes. All the 3 statements flow and there’s a way it does. I think upperclassmen can help and mocking with them as well. You don’t have to memorize, just pull up $AZ income stamenrs and undertand what’s going on.
Changes in accounting are a different animal but if you practice you can understand
Here’s one looking back to my first IB interviews many years ago: don’t just read through the guides. Speak it out loud. Sometimes you can get too comfortable just reading and thinking you know what it’s saying, but you’ve misunderstood and don’t realize it until interview time
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