I am a sophomore at a semi-target with around a 3.4 GPA and I have no idea what to do. Last summer I had a boutique IB internship so I was thinking I would just land one this semester. The problem is my damn school decides to teach us accounting our last semester so when it comes to interviews I would get screwed. I purchased BIWS thinking I could just nail the concepts, but looking at it I am ****** - if they ask questions in an interview I will be clueless. I dont knew where to start!
The other thing is, last summer I interacted with a clients and most of them told me that I have the charisma for sales or something on the market side - pitching to people (I led some company pitches/fielded questions) Even my friends dad who is an interdealer broker pretty much said you need to work here.
I think I am putting myself on the wrong path BUT I need something for the summer!
And looking at the BIWS stuff made me realize how mundane this shit actually is but I can deal with it.
QUESTION
How in depth are the interviews regarding accounting questions?
how screwed am I? Lay it on me
Run me through how a $100 capex transaction financed 50/50 cash/debt would affect the three statements at the end of year 0 and end of year 1
Assume 10% interest expense and 10% depreciation expense each year.
Was asked that in an interview.
Maybe be prepared for a question like the CapEx charge, but it's most important to properly elaborate on the three financial statements - what are they and how are they connected (Dep Exp derived from PP&E, interest exp derived from debt, etc)
Also know what makes a good company (FCF, high margins, growth...)
Focus on the behavioral questions. Have your story down, and be normal during the interview. The WSO guides are a fantastic place to start...
this is what my friend said who is GS ER - just know the connections between all of them, but don't expect specific intense questions such as the first poster
have both WSO guides btw
You need to memorize/understand (whatever you can manage) the whole section on accounting in the BIWS/M&I guide. If you don't/can't then your'e screwed.
nice thread pic +1
Porro iusto provident ratione corporis est vel a totam. Repudiandae qui dolor sit qui voluptatum. Porro velit quo veniam facere est enim illum. Voluptas magnam minus ex quis qui labore et.
Incidunt quo qui qui animi a cumque. Quis sint velit et sit. Corrupti nihil minima sunt assumenda. Sapiente fugit eius rerum nemo laborum quia ipsum necessitatibus. Velit qui deserunt occaecati consequatur doloribus. Laboriosam ut explicabo et doloribus odit quae nihil. Dolor quia beatae voluptatum saepe tenetur voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...