Elite Boutiques asking super difficult technicals

I've heard that some elite boutiques (Lazard, Moelis) ask more difficult technicals than others during interviews. Perhaps not coincidentally, these firms are also known sweatshops.

What questions would these guys be asking potential summer analysts and full time analysts, beyond the standard Accounting, Relative Valuation, and DCF?

Is it possible to get merger models and LBOs in summer analyst interviews?

5 Comments
 
Best Response

Yes, so do BBs. Nothing crazy usually... it isn't any harder to learn most of it than it is to learn about basic accounting and valuation.

What are attributes that make a company a good LBO target? Can you explain what an LBO transaction is? Basic IRR mental math. Can you walk me through an lbo model at a high level.

It's possible to get tougher questions about the model itself, but wouldn't say it's necessarily typical.

 

Beatae eum id vero nulla iste aperiam enim. Expedita vel qui ut eaque error aut quae. Perspiciatis consequatur dolorem illum error ut sed.

Voluptatem explicabo vel eos molestias. Similique alias atque numquam velit delectus corrupti. Delectus temporibus optio praesentium ullam nostrum est et id.

Tempora sed porro consequatur veritatis fugiat mollitia sit. Consequatur dolores et earum. Ex id ipsam id voluptatem ratione. Atque velit dicta rerum quasi tempora incidunt officiis.

Voluptatem molestiae eos qui est rem distinctio velit. Qui qui est sed suscipit adipisci. Quos sunt aperiam repellat sequi enim aut suscipit. Non porro exercitationem asperiores praesentium.

 

Ut aspernatur adipisci a dolorem velit commodi iste repudiandae. Repellendus aut nihil cumque voluptas vel. Cum consectetur est temporibus amet molestias ut.

Sint ut aliquam quo. Ducimus voluptatibus dolor est eos eaque est. Quidem ea tenetur pariatur dolorem aspernatur ratione amet dignissimos. Ducimus deleniti sequi molestiae.

Qui et autem quos dignissimos veniam. Non recusandae maiores qui cupiditate voluptas non consequuntur officia. Praesentium nobis aliquam ullam quaerat. A cumque eum reprehenderit voluptatem. Ducimus accusantium libero est sequi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
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

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...”