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Went thru a phone screening. Obviously very heavy on technicals - I'd say, no joke, 90% technicals and maybe two questions on fit. I believe they've been filling up a whole lot of spots already, so I'd recommend getting on things very quickly. DM me for more if ya want

 

I have heard the same. A classmate (non-target, not diversity) got the SA offer on Friday. They are notorious for their technical/quant focused interviews. You need to reach out to someone at the firm in order to understand their technical style. They ask a lot of backwards questions from what I hear. Random math questions seem to be somewhat common as well. A buddy in the 2018 class got a question about integrals (he was a business major and we have no business courses that incorporate integrals).

 
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My first round consisted of TMAY, then a bunch of follow up questions related to my experience creating an equity research report for a company I followed in one of my classes. My first technical was: Say I have 1,000 shares of common stock outstanding, and $100 of convertible PIK debt that has an interest rate of 15% and matures in 5 years. Exercise price is $1. How much of the company would I own after five years with my PIK convertible? Answer: 15% return in 5 years is doubling your money, so your PIK convertible is now worth $200. With the exercise price of $1 that means that you will now issue 200 additional shares. so you would own 200/1200 = 16.72% of the company's equity.

 

Started a thread on this as well with little success. I began to search Glassdoor for people who posted questions, seemed somewhat LBO heavy for valuation, and having to know more details than just the theory. LIFO/FIFO accounting as well. $10 depreciation, M&A deals, IRR. Was able to get all of the answers from reading the Rosenbaum book and the WSO guide (I swear they didnt pay me to promote). Hopefully you get this in time.

 

Can confirm NYC process is wrapping up at my target, but they're not finished overall - interviewing semis/non-targets now it seems to fill up the last few spots. I suspect they'll be all finished within a few weeks - other EBs are similarly finished/wrapping up.

 

I can only speak for my target (H/W) but:

EVR/Moelis are very far along and PJT is indeed finished. At Wharton, EVR was sending out offers weeks ago and Moelis offers have been going out for a while now too. EVR has a superday this week for Harvard. HL had their first superdays weeks ago for targets. PWP sent out some offers ~3 weeks ago.

I agree that Laz is slow this year though, haven't heard much from them.

 

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