I have an interview with Guggenheim Partners (Former Bear Stearns)
Hey guys, I have a second round phone interview with some former BS guys at Guggenheim, the format is 2x30. Long story short, they are building an Advisory and Capital Markets practice at Guggenheim, and are looking to hire one analyst now, and a number of them over the next 18 months to build up the team. If I get this gig, I will be getting in on the ground floor with this group, and it would be awesome to stamp my name on this kind of experience.
What kinds of questions should I expect?
Thanks for all your help.
HS
Should be a great experience. Are you currently a senior or a lateral hire? This makes a big difference, since Guggenheim is a relatively new bank. Do you have experience in modeling and technicals as well? The interview should also be fairly technical.
I'm looking forward to it. I'm interviewing with 4 other banks at the moment, but I am most excited about this one. I am a lateral hire and I do have experience modeling with a small boutique, and also on the equity research side. I am concerned about very technical questions. I know the basic stuff like DCFs, pro-forma's, basic accounting, running comps etc., but there are those questions that are highly detailed and very technical, and I fear those the most. Any suggestions?
For example, I was once asked why do you subtract minority interest from EBITDA when doing comps. I know what minority interest and EBITDA is, but it didn't occur to me why when I was on the hot seat. It made total sense after they explained it. Also, do you know of any resources I can leverage when studying source/uses of cash?
Thats definitely not a "very" technical question, its pretty basic unless your not a lateral, then its an obnoxious question unless you've been nailing all the rest and they want to press your limits.
I interviewed with these guys last year and they were very heavy on the technicals compared to the other boutiques... needless to say, i didnt get an offer so i cant comment on what its like to work there. i'd say know your basic wso guide as well as how to model. seemed to have quite a few senior guys from jpm, bear and goldman. good luck
I got a couple behavioral questions as well as some technical, more on the technical side though. But they were looking for someone more experienced and I was just a senior back then.
As a side note, why would you subtract minority interest from EBITDA? That doesn't make much sense to me.
Interviewed with them my senior year and like all the others above didn't get an offer due to the fact that they need people with experience. It was probably one of my more technical interviews, but I think you will be fine with the experience you have.
Minority interest is involved in the EV calculation- not the EBITDA calculation.
great experience so make it worth it
The Jefferies bankers said you subtract Minority Interested from EBITDA in order to have an apples to apples comparison when spreading comps..I know that Minority Interest is used when calculating EV, but this was related to comp spreading..Got my interview in 6 hrs! Wish me luck!
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