Hi, currently an IBD analyst with a focus on ECM looking to move into M&A. I've got an interview for an Industrials M&A senior analyst position in NYC.
I've never touched Industrials before and was wondering if anyone has any advice on what to prepare for an industrials M&A interview?
Thank you
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hi mate,
I haven't find a lot on the industrials for the interview prep, but there is few useful topics:
https://www.wallstreetoasis.com/forums/industrials-group-interview
https://www.wallstreetoasis.com/forums/pros-and-cons-of-the-industrials…
Not sure if LBO questions are common for Industrials group? Do you have any visibility on that?
Thank you for the thread links :)
In relation to your question, I'm not too sure as I come from an ECM background and haven't had any exposure to industrials. However, I think technicals relating to an LBO is definitely a possibility, especially for a senior analyst interview.
Are you currently in the recruiting process?
Yeah, but for London office.
I'm a current analyst within Industrials if you need to ask industry-specific qs. lmk/
How often do you ask/get LBO questions in the interview? Which bank has a good presence in Industrials ?
Unsurprisingly, top BBs typically dominate the Industrials field: GS, MS, JPM. Citi also has a strong franchise. LBO prep is not as critical as a PE interview but you should be able to walk the interviewer through simple LBO math / assumptions, if asked.
Generally would expect more of the focus on your previous deals and responsibilities; may also want to think of a few major Industrials deals (market reaction, strategic rationale, etc.)
Hope this helps
Can you speak on the Industrials scene in Chicago? I know you said the top BBs dominate but how would you compare the lower BB's (Barclays/UBS/Deutsche) to the MM and EB players in Chicago for Industrials?
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