The 400 Investment Banking Question Guide - Is the Advanced section necessary?
I have a Superday coming up for a 2021 Summer Analyst position. In the 400 M&I question guide they divide each topic into "Basic" and "Advanced." I already have the Basics section down, is it necessary know the Advanced section for an SA position? I also never done a finance/IB internship before. Would like to hear your experiences
My $0.02 would be that the advanced for concepts like accounting, enterprise/equity value, and DCF. For M&A and LBO, basic will probably be adequate.