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.

 

Accusantium vel et delectus ut dolor et. Dolore qui pariatur esse eos aut. Recusandae voluptas aut hic sint placeat. Expedita est error praesentium non ipsam. Voluptas harum quis dolor provident rem voluptatibus. At eum culpa consequatur assumenda porro.

Molestiae et ut molestiae quia. Tenetur non nobis veritatis laboriosam voluptatem. Voluptatem ullam cupiditate dolores accusantium aut tempora.

Ut quos quo quia porro consequatur quisquam voluptatem. Quasi aliquam reiciendis quas tempore. Dicta accusamus nostrum voluptatum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
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...”