Moelis Phone Interview

for FT or SA?

Be prepared for technicals.

for SA. Banker88, do you have any examples? I've been brushing up on my financial knowledge/current events, but i'd appreciate any input you may have.

Know your accounting and IBD specific technicals. Check out ibankingfaq.com. I also suggest Mergers and Inquisitions guide but it will take some time to go through. They are less likely to ask you questions like "pitch me a stock".

Don't forget the obvious questions like Tell me about yourself, Why investment banking, What do you know about Moelis, Why Moelis, etc.

Have Moelis already started recruiting SAs?!

Unless this has changed from last year, Moelis does not start its process until late late January with final rounds in early February.

On that note, Moelis does not recruit from my target.

Is the credited way to apply to submit application online? Checked our alumni database, none at Moelis yet (probably because it's new and small).

Oh well, screwed up my phone interview. It was indeed pretty technical. Do boutiques (I know Moelis says it's not) tend to have more technical interviews compared to BBs as they don't have official training programs?

Yes, this is often the case, not necessarily because of training programs though. It has more to do with the type of deals that come out of those offices. Moelis grilled the shit outta me on debt and leveraged finance, because they do a lot of restructuring out of the LA office. Many boutiques who don't underwrite have stronger restructuring presences, so they want analysts with good technical backgrounds. This would probably be the case for a restructuring/FIG group even at a BB, despite whatever training program it has in place.

Boutiques do not have training proggrams... in general, if we consider boutique banks that are not full service and are small.

monosierra, I got invited to the superday as well

their "superday" for my campus was one 30-min interview with....get this...an analyst and an associate. probably my hardest banking interview technically. didn't get an offer

on the job training with live deals is the best training

doing training for 4 weeks with some mickey mouse shit then sitting round with a bunch of monkeys doing pitches does not sound like fun

go where you'll get live deal experience

monosierra, when did you hear back from them about the superday? Are you at a target? When / where is your superday? I also screwed up my phone interview, and haven't heard back from the yet.

a buddy got an SA offer thru an accelerated process.. LA office.

Fuck Moelis. I remember interviewing with Coleen something i cant recall her last name. She was an animal.

Could you all post some of the technical questions you got?

4 valuation techniques, walk me through each one (the ones I knew anyways), WACC... pretty standard to be honest with you, but more than 60% of the phone interview was technical, which is what surprised me

No, no merger and LBO models unless you claim you know them... felt like the interview was straight from the vault guide, very straightforward - no curveballs or anything. And yes, it was mostly technical, but it was based on how much you tell them that you already know, and even then, it was pretty basic.

what was the 4 valuation techniques you mentioned? i only know dcf, precedent, trading comps....the last one not sure. did they ask you about leveraged finance, restructuring?

So... how was the superday for everyone?

Yea, can someone clarify what the fourth valuation method is?

is the LBO the 4th valuation?

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Crap boutique, make sure to ask where the last class wound up. You're dreaming if you think megafund.

Sum of parts, NAV, etc. Basically the three you mentioned would do the most of the jobs.