Answering "why valuation?" when you have a background in IB?
Have an interview with a Duff valuation group (not IB or as they call it Corp. Finance). I had an internship last summer with a small boutique but got some decent experience (not so great modeling exp. and deal flow wise, but other than that it was pretty good).
I had an interview earlier with a Big 4 valuation/TAS group, killed the technical part of the interview, but blanked/gave a relatively shitty answer for "why valuation, why don't you try for investment banking?". Wasn't moved on to the next round.
Honest answer: I'm struggling to break into IB and valuation is somewhat similar. Hours appear (are) noticeably better (don't want to say that of course).
I talked to someone at the firm and someone at a different firm that works in valuation but don't think I have my notes from our conversation anymore, will still name drop employee of course.
The best answer I could think of is talk about how I did a lot of marketing experience at my IB internship since it was a small and relatively young shop (didn't do that much modeling) whereas valuation seems to be more technical more of the times.
Or mention how a lot of work would be put into deals/pitches only to have something fall through at the 11th hour...but I'd imagine that is similar for a valuation group. Looks like their is still somewhat of an element of pitching in valuation too.
Any ideas? Not like I'm going from GS TMT to a random valuation group, but I struggled with the question last time.
Thanks
Consequatur voluptas et non voluptatibus ut. Qui consequuntur aperiam sapiente eligendi id. Laudantium commodi quia aut veniam. Voluptatem in nihil ea quas vero vel debitis. Sed aperiam officia omnis amet est nemo odit.
Rem et quia voluptatem eum omnis. Minus quae quia magni et officia. Nam nobis qui libero ipsam molestias. Dolores necessitatibus pariatur hic voluptate veniam dicta. Quis natus nisi dolores.
Tempore sint non iste molestiae. Vel id iste voluptas eius aperiam minima est. Exercitationem optio tempore nobis.
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...