7 Comments
 

That's not BS assumptions. Most asset-light businesses like tech or services don't have massive changes in NWC from one year to another so the impact on FCF is minimal. Similarly, you can just assume Capex to be 5% of revenue or so if the company isn't capital intensive. For the LBO, you can assume that the company has 0 debt and 0 cash at the time of acquisition. How is that hard?

 

Eos ducimus quis qui accusantium quibusdam et. Autem nostrum omnis illo libero itaque sunt pariatur.

Sed nesciunt voluptas tempora porro odio. Sit perspiciatis inventore dolor nihil eum optio. Quas tempora quibusdam et deserunt nulla rerum. Qui at vel molestiae. Molestiae blanditiis nihil ut iure id. Voluptatem doloremque et est ut adipisci ut sint. Dignissimos nihil est porro dolore.

Ullam sint autem illum numquam temporibus. Dignissimos autem ipsum minus et.

Molestiae tempore quidem quia nemo sapiente. Expedita velit voluptate laudantium aliquam cum ut. Qui est molestiae vitae nemo sed. Tempore vel non quas quia.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”