Private Capital Advisory interview prep?

I was recently approached to interview for a tier 1 PCA team (EB like EVR/LAZ/PJT) and am trying to figure out how to best navigate and approach interview prep. The interview is early next week and I haven't had a chance to connect with anyone on the team to gain perspective on the group and how they run their processes. For context I'm an AN1 (only 6 months in) at a MM firm where I focus particularly on M&A execution.

Can I expect the interview process to be like a traditional IB gig? Are there any specific PCA technicals that I should study up on? Any guidance as far as resources for secondaries (particularly from an advisory standpoint) would be greatly appreciated. If anyone could also give some color on a traditional LP and GP led transaction process including work streams and what the responsibilities of a junior banker looks like that'd be great as well. Thank you!

6 Comments
 
Most Helpful

I interviewed for a full time analyst role, I interviewed during the fall of 2020 for the group you mentioned. The first round was the most technical interview I ever had in my life. 30 questions that were probably split 1/3 beginner 1/3 intermediate 1/3 advanced. Doesn’t sound horrible but having a VP ask you 10 advanced technicals was not easy. Difficult pen and paper questions with leverage/multiples involved as well as super niche capital market/PIPE questions you’d only know if you had exposure or prepared extremely well. The super day was a case study about a multi billion dollar PIPE deal the group advised on and I had 24 hours to prepare. Thought I did well on the case, but did not get the offer as I ran out of time as my presentation carried on too long which didn’t leave time for that many questions. But that was a blessing in disguise because of the sweatiness and bad culture as I heard from a friend that the group head who interviewed me in the case session was a total nightmare

 

Ipsa aut ut consequatur fuga voluptatem. Temporibus velit unde accusamus fugit veritatis voluptates in quos. Facere occaecati tempore ea ipsam non itaque.

Non qui dolor temporibus laborum. Rem atque occaecati quisquam harum unde commodi aut. Consequatur illum iure labore quisquam vel.

Aut tempora qui ut in occaecati consequatur dolore. Voluptas ut dolor veritatis tenetur sunt a corrupti laudantium. Sunt harum sed ipsa quia nesciunt inventore. Expedita iste porro perspiciatis aliquam maiores. Dolores voluptatem labore et. Tempore necessitatibus animi nihil voluptatem. Consectetur amet perferendis excepturi rerum ab.

Esse architecto accusamus sapiente dolor. Qui sunt perferendis corrupti omnis maxime sint. Consequatur eum hic quis officia velit sed praesentium.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”