PCA Group EB Questions

Based on the most helpful WSO content, here’s what you need to know about preparing for an FT interview at an EB (like LAZ, GUGG, MOE, or EVR):

1. Interview Structure:

   • Expect 2-4 rounds of interviews, which may include:
     • A first-round phone interview.
     • An assessment center (if applicable).
     • Follow-up rounds, especially for FT roles.

2. Question Types:

   • Technical Questions: These are often more challenging at EBs due to their lean deal teams and higher expectations for technical competency. Be prepared for:
     • Accounting fundamentals.
     • Discounted Cash Flow (DCF) analysis.
     • Comparable Company Analysis (Comps).
     • Leveraged Buyouts (LBOs) and basic merger models.
   • Behavioral Questions: Be ready to discuss your experiences, teamwork, and problem-solving skills.
   • Brain Teasers: Occasionally, EBs may throw in brain teasers to test your analytical thinking.

3. Preparation Tips:

   • Master the Basics: Ensure you have a perfect understanding of accounting, DCF, and Comps. For LBOs and merger models, focus on the basics if you're not as confident.
   • Study Guides: Resources like Rosenbaum and Pearl are highly recommended. If you want to practice Excel, tools like Macabus or Multiple Expansion can be helpful.
   • Mock Interviews: Practice with peers or professionals to refine your responses and build confidence.

4. Modeling Tests:

   • Some EBs may include a modeling test as part of the process. Brush up on your Excel skills and practice building simple models under time constraints.

5. Key Differentiators:

   • Highlight your ability to handle responsibility, as EBs often expect analysts to take on more due to their smaller teams.
   • Showcase your sector expertise or unique skills that align with the PCA group’s focus.

Good luck with your interview! Make sure to stay calm, confident, and well-prepared.

Sources: 20 Most Frequently Asked Questions - London Edition, What to Focus on in London BB and EB Summer Internship Applications?, A few questions going into a first round VC interview, The Best IBD SA OCR, Interviews and FT Offer Conversion Posts on WSO, Grateful Monkey Giving Back Pt. 1: Questions to Ask Interviewers