Is there a need to know models for all sectors for an analyst interview?
Hi guys,
I was wondering if it's worth spending time on learning models for all sectors (including the ones I had no experience in). So far, I only have M&A experience in energy and tech. I also have a bit of experience in real estate where I did not perform any val job.
I have 2 months until September when the recruitment for analysts start.
I have so far learned and am pretty confident that I should be able to handle accounting questions pretty well (I am half way through my ACA (CPA-equivalent)) and models such as DCF, merger, LBO, comps, comp, etc.
Please, any advice will be appreciated :)
Fuck no. Even your average experienced generalist will be clueless the first time you show them a FIG or Real Estate model.
Unless you know what group it is then focus on traditional EBITDA based models....the kind you would use for a traditional "widget manufacturer" type business.
Thanks doggo
To give you an idea how much, I had one BB FIG interview where I cocked up the interview by focusing too much on their sector. I came in prepared to answer any kind of case question they hit me with about banks or insurers.....and they gave me a case study for retail stores.
I assume they would grill me on energy and tech sectors as I put them on my CV. I am applying for grad programmes aka not applying for a specific group (I'm very interested in Infra tho) so my current plan is to refresh energy and tech and look up on infra.
If they don't have experience in those sectors, then they aren't equipped to grill you on them. I think it unlikely that going to grill you anywhere that you know more than them because they don't want to risk looking bad. Getting asked questions about basic value and valuation drivers I could see.
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