FIG Superday. What should I expect?
I have a super day pretty soon for 2025 SA in FIG. What type of questions (specifically technical) should I except?
I have done some research on FIG and have read that traditional valuation methods (DCF, LBO) don’t really apply. Does that mean most of the IB 400 questions manual won’t apply? Like would they still ask me questions about comparable comps analysis and DCF? I know I’ll probably get asked about the Dividend Discount Model, but there’s definitely more? Any insight is greatly appreciated.
Know why the traditional valuation methods don’t apply, how to walk through a DDM, understand levered vs. unlevered cash flows, have an idea of what the different verticals are. M&I has a great write up, would recommend reading it. Also, WSP RedBook has a section for FIG specifically. Best of luck
https://mergersandinquisitions.com/financial-institutions-group/
what bank?
.
To add some color, you should know that the traditional valuation methods don’t apply for banks/specfin/insurance underwriters. Your traditional valuation methods still work for asset/wealth managers, insurance brokers, fintech companies.
These companies represent ~50% of the FIG coverage universe, so definitely be aware of that.
Now, in terms of preparation, know what vertical within FIG you’re most interested in and know 1-2 key trends in that space with an educated view. Also be ready to answer “Why FIG” with a strong reasoning and professional/extra curricular experiences to back it ideally. FIG bankers want to make sure you actually enjoy the space since the niche nature of industry makes learning more difficult, the last thing they want is an analyst who leaves 1 year in because the ramp up to replace you is longer than other industry groups.
Good luck with your superday.
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