Last minute technicals SA 23
Hey everyone I just got an email for a MM bank my ranking may be wrong. I got invited to a super day tomorrow for a SA position and I have no clue what technicals to study. I never thought I'd make it this for bc im an accounting major from a non target state school and did zero networking.What technicals do I absolutely HAVE to know before this interview? I never studied any technicals or modeling because I only got interested in IB last month and randomly applied to what banks had open IB SA positions.Thanks so so much any help is appreciated as im kind of panicking right now
Comps analysis, dcf, financial accounting, m&a, possibly LBO
No way he has time to study LBO's or merger models/math.
OP, study basic accounting, DCF, and valuation questions (with multiples). If you grind for 5-6 hours, you should be able to know a good amount on a basic level. At this point, I'd hope you just dont get a question you don't know. Good luck!
Any follow up advice on how to respond to anything a candidate doesn't know?
If they see you're an accounting major, might ask you some typical accounting questions: "walk me through $10 of depreciation, or $10 of purchasing PPE, how do the statements link, etc." I would say the DCF and valuation are also really important. They could ask you LBO or M&A questions, but I've really only been asked 1 M&A question during all my interviews - whether something would be accretive or dilutive
If you are an accounting major you HAVE to know the banking accounting technicals
This for piper?
I have read enough of these forums to know not to answer where actively interviewing as it could be easily linked back to my candidacy
Google M&I 400 PDF - many technical interviewers just use that
there are a few with a very high ask rate - DCF, 3 valuation methods, common comps multiples (esp if you're interviewing for a specific industry), $10 depreciation question, FCF/EBITDA from revenue or net income, which statement would you choose if you could only have 1 and why.
Grind for like 6 hours and then put it out of your head and get 8 hours sleep.
Hi, what are some examples of comps multiples? Is an example what certain P/E ratios should be in a given industry? A little confused on the terminology. Thanks
For example, EV / EBITDA is a common method used across many instruyes to value companies. In certain industries like Energy, RE, etc they use specific metrics that include industry specific stuff such as Rent, Extracting costs , etc
Delete
LBOs aren't as common as people make them out to be on this website. If you can explain what it is / walk through at the highest of levels, you're fine
Debt isn't a super common topic unless you're interviewing for RX groups
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