Tech iBank interview help
So i have an interview with a VP from a boutique tech ibank in SF next week, i guess i passed the initial phone interview stage a few days back with an associate. This bank is more of an "eat what you kill" type, where the analysts/associates find the deals and work on them from start to finish.
During the phone interview, it seemed that the associate was trying to pitch me more than the other way around- I figure that at a firm like that, they expect their analysts/associates to have personalities, as they're gonna be shmoozing potential clients, and if someone is looking for a number-crunching-only job, this isn't the place to be. Here are some of my questions for someone that works or has worked in a similar-style firm (pee-ons drive the business, not the MDs):
1) How does compensation truly work? Is there a base salary that you get and then you get equity in the target + % off the deal? Does anyone know an average take-home for someone that does, lets say, 1 deal in a year? The dude said they did near 800mm in m&a in 2010 so far.
2) I understand its not going to be a typical ibank experience, where i'm gonna come out just being a boss in excel and getting to peek in on a few deals- this is gonna be very hands on. How does this look on one's resume for b-school or an MM/BB move (2 years down the road)? Will GS/CS/JP/LF look and laugh at it or think its a good background?
3) Anything that I should focus on when prepping for an interview like this? From what the associate told me, its like 90% deal-making and 10% excel work.
Thanks guys
Sounds odd....a lot of excel / grunt work is needed for deals. Are you sure you won't be on the phone sourcing all day and trying to find deals? I would definitely do your due dilligence if given an offer and it would be impossible for anybody on these boards to have an accurate comp number. Why don't you name the bank or some of its competitors? Check the backgrounds of the VP's and MD's and if they come from BB's or other reputable shops, it will prob be a good place to start a career.
Does anyone have any advice for tech. IB analyst interview? (Originally Posted: 10/23/2012)
This is a unique situation for me. The interview is at a MM market firm. They are not even hiring anymore and basically completed their class. A VP, MD (different division), HR VP and Associate all went bat for me and the HR manager agreed to speak with me about a position for a tech. IB analyst. I also randomly emailed him and called him WAY too many times.
I don't want to make a poor impression after all that but got notice just recently and the interview is tomorrow really early in the morning.
im probably not in a position to advise you, but get the normal stuff down. and try to brush up on some tech specific stuff. (news, valuation, etc).
the real question is... HOW did you get a VP, MD, HR VP, AND associate to bat for you...?
why tech how could you value a pre-revenue tech company what are some tech companies you've followed
Tech IBanking Interview Prep (Originally Posted: 12/18/2012)
Hey,
This is for SA 2013, I was fortunate enough to secure an interview with a tech focused investment bank. How do you guys think I should go about preparing regards to industry trends? I am extremely comfortable with valuation of typical companies, as well as relevant multiples used in tech valuation. Admittedly, my tech industry knowledge is very limited.
Any help would be greatly appreciated,
MH
For some basic trends in tech take a look at the Mary Meeker reports from KPCB:
http://kpcb.com/insights
[quote=TechBanking]For some basic trends in tech take a look at the Mary Meeker reports from KPCB:
http://kpcb.com/insights[/quote]
Thanks, these were good.
HELP!: Technology Interview Preparation (Originally Posted: 04/10/2012)
Hi all, I have an interview soon for the technology division at an major investment bank. I'm asked to make a short presentation on how the Euro Crisis would impact the Technology division at an investment bank.
I can't seem to find any information online regarding this specific topic, I'm grateful if anyone with insights can give me some pointers.
Try google, I tried it and it worked.
Tech Specific Banking Interview (Originally Posted: 11/01/2015)
I have an interview coming up with a boutique bank (think Qatalyst/GCA Savvian) that exclusively does tech deals.
How should I go about preparing for this interview? I know little-nothing about the tech industry. Is there any way I can get up to speed quickly? Any resources you'd recommend?
bump
read tech industry reports published by companies like PwC etc
I'd definitely read Techcrunch and the WSJ tech section.
Tech Group Interview (Originally Posted: 09/15/2010)
Interviewing with MS and CS for their tech group. Is there anything I should be aware of in terms of the kinds of interview questions (eg. technicals)?
I doubt you will be asked this but some common multiples for Internet companies are Unique Visitors / EBITDA or Rev or Page Views/EBITDA or Rev and other than that know what is going on in the space. There have been a ton of high profile Tech M&A deals/bidding wars as of late and its a really hot space right now. Read Venturebeat and techcrunch to lean about what is going on in the tech subsectors.
Tech Banking Interviews (Originally Posted: 10/01/2013)
Hello all, I've been circling around this forum for a while and have found everyone's help and insight very helpful. I have managed to land 3 superday interviews with BB/Middle market investment banks in tech banking and would like to know what is the best way to prepare for them. What questions specific to tech will they ask me? What's the best way to impress the hell out of them?
Thanks in advance!
I'm not in tech banking but I talked with a tech banker for a while about how useful my computer science undergrad and IT work experience would be and he said it's pretty much irrelevant.
The main things about "tech" that is needed is to know the difference between the companies and how they make they're money. Are they SaS or are they a component maker, and etc.
Knowing how many transistors are on a processor would be useless to know.
Knowing how many transistors are on a processor would be useless to know. _________ I agree.
Yeah, agree with those above. Would be useful to know something about recent big deals in the space, but you don't need any working / operational knowledge of semis, software, etc
Appreciate the advice! Happy to say that I landed an offer and accepted from IB this past week coming from a non target. So happy right now!
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