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“Hardest” I’ve gotten (EB & MM) were
1. Two stock pitches w/ in-depth knowledge about industry, performance, forecast
2. Recent deal (follow-on/IPO): they wanted to know all the basics, plus every bank that worked on it, why good/bad investment, etc
3. Situational question(s) with what would be the best types of capital to raise

Overall, besides your standard 400 BIWS questions, mine mainly consisted of having an opinion on the market (current state/future projections) and ability to tie that opinion to different industries/sectors. PCM was more difficult than ECM interviews I will say. Hope it helps.

 
Most Helpful

Product groups like ECM and DCM are a lot tougher than your typical IB interview. The test you conceptually to see if you understand the “whys” and “whens” you’d do something. Don’t expect it to be a cakewalk. Memorizing your 400 questions is not gonna help you succeeded in this interview.

You gotta understand the market, how certain macroeconomic factors can influence deal activity, when would a company choose to issue debt vs equity, but these are easier.

Just understand conceptuals, and the market. Expect them to test you subtly through a conversation based interview.

 

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