Hey, everyone.
I have been interviewing for a boutique IB firm that focuses on M&A. So far it has been going well (Finished up second round interviews this past Friday), but I was curious what you guys thought I should be studying for, such as what topics I will need to know going into this internship. Mainly, I have just been going over valuations, such as comps or DCFs. But since this firm is mainly focusing on M&A, should I just primarily learn about acquisition comps or something else entirely?
I'm sure they will train me as well, but I want to have a general overview of the topics.
Thanks.
https://www.wallstreetoasis.com/forums/how-to-best-prepare-for-a-summer… there's a lot of information and related threads in that link that should help
Thanks a lot for these resources.
Bump. (Add hunter.io for emails to the list)
Not someone actually in the industry but I think just learning the day-to-day jargon in any field is pretty important simply because it'll save you time and the embarrassment of asking a "stupid" question.
good luck!
MarkBaum - this is true but the best way to pick up on the jargon is to be on the job. These are the types of resources that will prepare you for being "on the job". Otherwise, you risk learning jargon that is incorrect / silly that will actually impede your performance "on the job"
Here's a list of things you should have some knowledge of: (1) The three financial statements, i.e. what the main line items are, the accounting concepts underpinning them and how different items are related to each other (2) Excel - most of the commonly used formulas and shortcuts, as well as understanding how to make some commonly used graphs (e.g. growth bridges) (3) The mechanics of valuations - having a conceptual knowledge (i.e. walk me through a DCF) is fine for interviews, but it'd be more useful on the job to look at some excel models of valuations, see what's going on, and then replicate these. Knowing (1) and (2) will help for this. (4) The sector that the boutique specialises in (should you get the offer). This won't be as useful if you are generalist obviously. If you are focusing on one industry though, the financial statements may look a bit different compared to a bog-standard retail or manufacturing company. (e.g. this particularly applies for things like FIG)
Molestias praesentium quae accusamus enim. Nulla quidem fuga cum placeat id eaque facilis eius.
Eius incidunt molestiae enim dolores atque sed neque. Qui aut mollitia voluptates quia eos aut. Ut ut minus officia sit expedita saepe. Eos eos vero eligendi.
Dolorum illum porro sunt ab non enim repellendus. Voluptates dolor quia optio unde aliquam et. Iure ducimus aliquid nostrum quos rerum doloremque. Nulla corporis possimus est numquam.
Molestias qui ullam ut eum atque beatae. Distinctio facere sint reprehenderit quis voluptas quia. Voluptatem rerum atque dicta et sunt provident reprehenderit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Tempora quo blanditiis et voluptas aut. Cupiditate sunt harum cupiditate eaque. Velit quo molestiae et possimus in saepe.
Ea quod et voluptate aut facere. Quo nulla itaque perspiciatis explicabo est minima itaque. Autem doloribus sunt autem reprehenderit reprehenderit omnis.
At nobis numquam aut sit impedit ut. Illo earum illo sit. Eius qui officiis molestias. Et qui voluptatem ea fugiat quam.
Cum laboriosam molestiae eveniet et eum. Laboriosam et laudantium voluptas reprehenderit deserunt impedit. Cum a repellat aut quis. Suscipit provident natus mollitia quam a ducimus. Possimus quo doloribus assumenda autem ut. Possimus architecto est dolore qui vitae explicabo.