I Am Lost - All I Have Is FT Recruiting To Depend On
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Technical competence comes through truly understanding the material. Memorizing the guide answers won't do you any good anymore; it's just too competitive nowadays. You have to actually understand what you're saying, not just parroting back something you read.
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there's no such thing as "technical competence" in ib interviews they are really just looking for a good culture fit & good credentials. none of the technicals i've ever seen in an ib interview are hard they can all be learned in a week or 2.
one more point people don't fail interviews because of technicals despite what seems like first instinct unless they really don't know anything (haven't spent a week with one of the guides). its usually b/c someone was liked more for whatever reason credentials or prior relationships.
My guess is that you've never actually interviewed with a technical group before. Culture is big, but knowing your technicals is still important. Still need to check the box off. It is true that interviewers don't always expect the right answer, especially if they throw something really tricky at a candidate. But they still expect a coherent thought process that is relevant towards reaching the answer vs just saying "I don't know".
I second what the Analyst 1 has said - nowadays you need to have your own understanding of the technicals - for instance, when interviewers ask you do go through the main valuation methods, you can't just give them the boilerplate answer but to add value in certain ways (provide your own understanding of technicals is very important, such as why you use certain valuation methods at certain times.
Are you attending school in the US or overseas? (Sorry just pulled an all-nighter my brain is still fuzzy right now so excuse me for the bad grammar).
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hi p73, in reference to your remarks about trying to find implied share price it sounds like they were asking you to do a simple comp analysis based off certain metrics. Was it it hose questions in specific that tripped you up? I would imagine they would ding the candidates who cannot do comp analysis when given the required materials.
edit: this was directed at the post author, not p73.
Get yourself more familiar with the technicals. Have a notebook, write down every single question you've encountered plus every single question that you are not familiar with from the guide. This question is actually a pretty standard revision of a standard question -
MC=EV+Cash-Debt, EV=EBITDA*EV/EBITDA, Share Price=MC/Shares Outstanding
Practice more with financial modeling - you'll be able to figure out the way to answer these questions pretty quickly. Do you go to Ivey by any chance?
How do you have so much experience, but are still botching technicals? I'd start there.
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Your problem is likely that your lack of concept mastery reflects poorly on your "9 months of internship experience" and leads interviewers to believe your resume is mostly fluff.
ddd
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