How technical are lateral ibd hire interviews usually? Are there two rounds or just one? Not sure if anyone ever went through this process before but I would like some feedback.
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My shop is interviewing some candidates now and it was just one round with the senior people in the office and some junior people
The interviews for lateral hires are very technical, the reason we want a lateral is because we are very thin at the junior spots and we don't want to train anyone from scratch.
Keep in mind i am at a boutique too but a pretty well known one, so I don't think it would be taht much different different at the BBs
What do you mean by "very technical"... modeling wise or accounting/finance wise?
we expect the candidate to be very familiar with modeling , lbo, a/d,dcf, know how to hand spread the comps etc
We do give modeling test questions ( build a quick dirty LBO model with the assumptions we give you,etc)
Basically, imagine a second year analyst who has done all the modeling on a book and imagine yourself being able to work the first day of your job ( besides the logistic stuff)
Depends on what your experience/resume suggests.
I've had interviews where the interviewer says "this is usually where I'd ask you technicals, but I can tell from your resume thats pretty much a waste of time"
and I've had interviews where the interviewers -- having seen the same resume as the example above -- as me things as simple as what is Beta? what is WACC? how do you value a company?
Marcus was this at a BB?
Asking what WACC is seems a bit too easy for a 1st year lateral.
If you get the job, your username becomes a little hypocritical, don't you think?
Depends on the shop, but much more technical than new class hiring in general because they expect you to know the sht and need to make sure that you know your sht indeed.
shit
lateral interview with BB firm (Originally Posted: 03/04/2010)
I have been out of school for a little over a year now...have about a year and a half worth of experience (intern and FT) doing corporate valuation (private co. common stock, goodwill impairments, purchase price accounting, fairness opinions, etc.). I dont have any experience with LBO and M&A analysis, however, I am currently doing Wall Street Prep. I was a finance major and econ minor (just to help with background)
I have an interview with a BB next week in IBD, what type of technical questions should I expect?
I appreciate any tips.
walk me thur a dcf.
Honestly - nothing outside of what you might expect from a Summer Analyst interview, or at least that was my experience.
They'll ask you about DCF (should know), Acc / (Dil) and some other topics but generally speaking, I wouldn't expect anything crazy. Perhaps just know the basics of an LBO (like, "walk me through an LBO"). Since you have a valuation/accounting background, you may encounter some more difficult questions on this end, but most will be related to connecting the three statements, etc.
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