TMT Associate interview - operating model question
Hi, I just had an interview for an associate position in the TMT team of one of the BBs. I was asked a question I've never heard or come across before and I really had no clue how to answer/structure it.
Interviewer: Could you a) walk me through an operating model you've built for a TMT company and b) run me through how you went about making projections
Me: chats absolute shit
I've never come across this before. How should you structure and answer this question?
Unsure if I will make it to the next round they said I will hear back soon, but I want to be better prepared if I make it to the second round.
Thank you.
Had a similar question in one of my interviews (for an SA spot -- the expectations for quality / depth are likely different for the AS level), but:
I essentially talked about the drivers for revenue:
Then I basically walked through how to build a simple operating model:
For this last bit, it's hard to give a proper example without a company, but I interpreted it in my interview as just touching on how I went about / I would go about making projections from a high-level. I think all of those parts could be drilled into more by an interviewer if there are certain industry or company-specific trends you were trying to capture (division restructurings, government R&D subsidies, etc...)
All in, I think it probably makes the most sense to build a simple model for a couple of companies you are interested in, and then talk about that process, or if you are already in TMT banking just talk about the model's you built for processes you've been apart of.
Hopefully, you find this helpful.
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