PE Interview Resources

It depends where you are looking to summer. At corporate MF PE, the bar is set pretty high. Unlike banking recruiting where you can get away with memorizing the M&I guide, you have to understand those concepts and apply them to specific company for PE. You need to develop a framework to evaluate what makes a quality business. Where in banking you may be asked to walk you through how purchasing a plant impacts the three statements, you will probably be given financials for a company and then get asked what you can deduce about the company’s PP&E. It is very open-ended so they probs want you to look at the company’s spend on Capex as % of revenue and as a % of depreciation and how that changes through the years and what that means. They probably also except you to talk about the useful like of the property and see if you will need to increase spend on Capex in the future years based on the company’s remaining useful life of PP&E. That is just an example of the differences in question you might see. I think the best way to prepare is to get really good at accounting and also really develop your investing acumen. If you can do both and are also able to coherently discuss you ideas and thesis, you will succeed. That is my two cents. For non-MF PE recruiting, I am not to sure but this is just what I have noticed from my friends who went through the process. Good luck!