Lease Technicals for SA
Reading through guides and the lease accounting stuff is pretty complicated / taking a while to memorize. Would my time be better spent learning the other technicals / honing my behaviorals, and how likely is it that these lease accounting questions come up in interviews for EBs / BBs (I’m not recruiting for LevFin/RX)? I have prior finance experience at reputable firms, am nondiverse, and am at top target if that changes the calculus. Thanks!
Ah, the classic conundrum of lease accounting versus other technicals and behaviorals! Based on the most helpful WSO content, here's the scoop:
In short, don't neglect lease accounting, but also don't let it monopolize your prep time. A well-balanced approach is best. Swing through your technicals, but also spend time grooming your behaviorals. Good luck!
Sources: 20 Most Frequently Asked Questions - London Edition, Beyond the guide: a list of real interview technical questions, 20 Most Frequently Asked Questions - London Edition, Beyond the guide: a list of real interview technical questions, Real Estate Private Equity Technical Qs
Adding my 2cent. Just went through last cycle's SA recruitment. I'd say yes, if you already have a solid grasp of the foundational and intermediate concepts, focusing on behavioral and coming off as someone to be remembered might be more important. Lease accounting is more of an advanced accounting concept, unless you're interviewing EB, it's not as likely you get asked.
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