Investment Analyst - Prudential Private Capital (PPC) FT 2021
Does anyone know a decent amount about this group? I applied for this last week and got picked for a first round interview (I have a background in corp fin at a large AM) and am curious as to if anyone knows what the culture is like, general exit opps, thoughts on the program itself and any tips for preparing for the interview. First portion is strictly behavioral questions and the second portion is specific to the business unit. The job description is as follows:
**As an Investment Analyst, you would work on a small deal team responsible for underwriting, portfolio monitoring and marketing, while getting the chance to develop your analytical skills and learn to think like a buy-and-hold investor in a three-year analyst program. You will learn about investing private placements of senior debt and junior capital within a variety of industries from large, multi-national companies to smaller, privately-held companies. Many of our analysts move on to attend top business schools and have received a variety of opportunities within the industry at the close of the three-year Investment Analyst program.
Job Responsibilities: Write internal credit memos Industry and company research Comparable analysis Financial modeling and credit analysis Transaction and due diligence support Portfolio and credit monitoring Communication with portfolio companies Prepare marketing materials**
bump. I applied for SA
All I could find for SA was the Dallas energy group. Is that the only slot open?
I applied for PPC SA and selected nyc and sf as preferred locations. not sure about Dallas or the groups sorry
I can help w/ prep in terms of leveraged finance capital markets. Send you some market updates in leveraged loans, high yield or whatever you think you need to review. that’s a tough interview to get - how’d you manage that?!?
shoot I already did the hirevue but any prep would be much appreciated! pm me and we can talk. and honestly not sure, I was slightly surprised but at the same time i’m definitely really excited about the role
I don’t have credits to PM. Can u PM me?
What kinds of question did you get in the hirevue?
Were there a lot of technical questions for the hirevue?
is private capital the same as prudential capital group? confused about what exactly they do
"Prudential Private Capital (formerly known as Prudential Capital Group) is the private capital arm of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc. (NYSE:PRU). Expertise, analysis, and experience drive everything we do."
I have an interview with them too. Could you please send me some leverage finance stuff?
I got the hirevue for their 2021 intern program and to be honest don't know too much about lev fin. I would love any materials I could get my hands on as I brush up on my knowledge of debt markets in the next few days.
hey could u send me the lev fin stuff i have a hirevue due soon
lol glad to see someone else from this years recruiting cycle on this thread. I just finished the hirevue and tbh I was surprised by the lack of technicals. Even for the 2nd part of the hirevue (which I thought were going to be technicals) I got 2 behaviourals and just 1 stock pitch type question. I'm recruiting for FT though so my questions might have been different.
Hi, I cannot PM anymore, but I am applying for the same role in this cycle as well. Would you mind PMing me, so we can talk about this? Thanks.
Can you send those to me too? This is an old forum but I just got the interview for FT 2022 so any help would be appreciated, thanks man.
Yes bro same, would love the same material. I got a hirevue for the 2022 Private Capital Arm full-time role, would appreciate any information and resources I could get. Thanks
also following
Interviewed many years ago for the Prudential Capital Group Investment Analyst role at their NYC location.
First Round was mostly behavioral. In fact, I cannot recall if technicals were included in this round.
Superday was a written test and interview with different members of the team with a mix of technicals and behaviorals. Didn't land the role but the competition was stiff (one of the people interviewing was a guy from IB who was looking to pivot into something else, which I found amusing since I was desperately pushing to land a FT IB role at the time).
was this for a SA position or for FT?
FT
What question did you get in the hirevue?
The role is underwriting and performing credit analysis on mostly mid-sized private debt deals. From my understanding deal teams are usually pretty lean so you get good experience early on. Also, depending on your geographic preference will determine what industry you are focused on. For example, I know Dallas is energy, New York is corporate finance, and Newark is infrastructure. So depending on where you are placed will determine what type of deals you work on. I think it’s a really good starting position if you’re interested in private placements.
Also, for those who are confused Prudential Private Capital was rebranded a few years ago and used to be known as Prudential Capital Group.
thanks a million!
Correct except the last part - Prudential Capital Group is the dedicated mezzanine arm of the debt fund, while Prudential Private Capital is mostly senior / investment grade.
Are they separate from Pru's core fixed income group? And is the office in Newark or NYC?
They are separate from Pru’s core fixed income. The core group your referring to is mostly focused on public fixed income, whereas this is private. They are two completely separate and different asset managers under the PGIM umbrella.
For the private space there are offices in both New York and Newark. The private space operation is kind of decentralized so there’s office all over the U.S. and depending on your office will determine the deals you work on. NYC is more concentrated on Corporate Finance, whereas Newark specializes on infrastructure and leasing. Other offices will have other specialities too.
Got it. Is the public FI group housed mostly in Newark?
anyone here back after completing the hirevue?
Me. I think I botched like 2 of the behavioral questions but I always fucking hate those types of questions
I got a first round without a HireVue for Newark.
What's the base and bonus looking like here? Recently got a first round but have no real clue what they do. Are they IB or buy-side
Are you serious? Of course it's not investment banking.
Lol thanks so much! It was in the IB forum but have a great day :)
Technically buy-side, as they are an arm of Prudential Global Investment Management, but they mainly focus on private lending (which is way different than buyouts or public markets investing, the main things that come to your head when you think of the buyside)
Just got accepted for round 1 HireVue for the same pos. Could anyone share which type of questions to prepare for during the business aligned round 2 interview? Think I chose NY as my preferred location, followed by NJ. Also, are there multiple tries for each Q? Would suck if there's only 1 attempt.
Hey how did it turn out bro?
anyone know if the hirevue is selective or if everyone gets one?
it is selective --> if you are chosen you then receive the two HireVues.
Has anyone heard back yet for superdays?
How was your first round after the hirevue?
I only had the 2 hirevues - waiting to hear back
I haven't heard back
How was the actual interview in terms of technicals/behaviorals asked?
7 behavioral, 3 (I would hardly call) technical. Just know simple debt metrics and ebitda
Haven't heard anything back since completing hirevue
do you remember what the technicals were?
EBITDA and debt metrics
Took the HireVue a few weeks ago. For all y'all asking, it was Two Separate HireVues,
One being all behavioral questions like (When is a time you exceeded expectations yadda yadda)
and the other HireVue was 3 Technical Questions about basic Accounting Things (think of all those Ratios you used in your intro accounting class about Debt and Capital etc).
No there isn't a chance to retake, you only get 30 Seconds to prep each question. So I would say practice some basic accounting ratios. :)))
Has anyone heard back yet?
I have not
what round have you guys gotten to? I applied for 2021 internship and also waiting to hear back
I'm doing my hirevue tonight so not sure if they finished yet. How was the Hirevue though?
Applied for FT, still waiting for what comes after hirevue
How was FT Hirevue? Doing Intern one today but always good to overprepare for technicals.
Technicals are super easy. I was asked about what I like about a certain company and what EBITDA is. I was also asked why this group. Mostly behavioral questions
Have y'all heard back?
not yet, did the hirevues a couple weeks back
I have not heard back for FT.
This is taking quite a while.
Interview Prep - @RB2000" & GoldMen's Sacks & @rogerthat317" , @nontargetscum" - I can send lev fin/direct lending interview prep materials for next time- hit me up (market updates, primers, exercises, whatever)
here's what I wrote in the Bain Credit Interview thread https://www.wallstreetoasis.com/forums/bain-capital-credit-sa-first-rou…
Interview Prep
1) Read loan market updates (weekly/Q) - LCDcomps.com / LevFin Insights (LFI)
2) Loan products (RC/TLA/1L TLB/2L TL/Unitranche) - get comfortable distinguishing btw lender/investor, general characteristics
3) Direct Lending vs. Broadly Syndicated - Execution Strategy - know the diff considerations from borrower perspective
4) Underwriting Fees & Flex - LBO: RC / 1L TLB / 2L TL. Typical fees and flex, normal market:
5) Credit Risks & Mitigants (Credit Strengths & Weaknesses) – familiarize yourself
Credit Strengths (Moody’s)
Credit Weaknesses (Moody’s)
Helpful links to comments I wrote on OID, All-in-yield calc, UW fees and flex, Term Loan A vs. Term Loan B. Hit me up if u want - happy to send materials / docs / primers, etc.
https://www.wallstreetoasis.com/forums/tla-vs-tlb-maturity-and-leverage#comment-2071053
https://www.wallstreetoasis.com/forums/oid-in-leveraged-loans
Any insight on comp for Analyst level?
I’ve heard back for full time. Superday is this week
When did you complete the hirevue?
Completed hirevue early last week (not sure the exact day but I would say definitely by last Monday)
When did you hear back?
Heard back Last week Friday
I finished hirevue couple of weeks ago and haven't heard back yet. Gonna assume that means I was dinged
I wouldn’t say that. They’re reviewing applications all the way until end of November in different waves. There’s still a high possibility you’ll hear back
any thoughts on how much technicals are in the superday?
There is a written test. Pretty tough on technicals I believe.
For PPC or CIO?
PPC
Did you hear back for the Chicago office or NYC office?
Anyone hear back from the Chicago office?
Hey I heard back from the Chicago office - has anyone gone through the superday there?
When did you hear back? Thinking I got dinged as I submitted the hirevue in late August.
Anyone hear back for Dallas office? Had superday there about 1.5-2 weeks ago.
---
Not sure what the timeline is for PPC (which I applied to at the same time as 2 other groups at Pru), but I received my FT offer with the CIO group 9/18. If anybody has Qs, feel free to PM me
I don't see the option to dm you but how long did it take you to hear back and what group did you join?
I apologize for that! I heard back 2 hrs post-interview, though I'm not sure how normal that timing is. I'm joining the PE team w/i the CIO office. HR told me that my placement would be determined after the analyst class was finalized (so probably December-January), but I got placed early b/c I suspect the PE people who interviewed me wanted me on their team, so the head of the group reached out to me the day after I accepted the offer to set up a catch-up/intro call.
---
Could you go over what the final interview or superday was like? Thanks
Assuming that I haven't heard back about a month or so out that I am now dinged
Final round interviews for the 2nd wave of applicants is this week (at least for the Dallas office)
---
Dallas office is closed
Gotcha. All offers after superdays given out?
Got a Superday for Newark office for 10/28
Case Study and interview for Prudential Private Capital for Chicago Office. Am FT BB Credit looking to lateral for something better.
What group is it for? Corporate finance, CPW, or PCP?
-
I think it is a good company
Anyone have any insight into the written assessment? HR signaled it would be financial statement and lending knowledge
What office and when did you apply?
The Newark office
has anyone heard back for the 2022 FT roles?
I was told by hr 2 weeks after submitting the hirevue you will hear back. I am going to submit mine today.
lol it's been almost 4 weeks after I've submitted mine. Not sure what's going on, in the email they said they would respond within 3 weeks for me.
Conducting Teams interviews right now. Had a call with SVP on Tuesday and said they're finishing up 1st and 2nd rounds then will probably invite select candidates to interview in the office if possible... from how she worded it sounds not too structured and extremely laid back. Hardest technical I got was how to value private debt
damn tf, I never heard back. It's really not a big deal if I didn't get the interview, but from how they worded the email it seemed like they would at least let me know if I got rejected lol.
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