Was way too underprepared for phone interview

Feeling like an idiot. Applied to a random Private Equity internship on Indeed, got the phone interview, and was completely fucked. No information about the firm (it's a year old) so I expected an informal conversation, even expected the firm to possibly be a hoax. Was completely unprepared for LBO, DCF, and PE strategy questions. Had to bullshit my way through :(

4 Comments
 
Most Helpful

this happened to me a lot in the past. a couple strategies I've used - (1) after the interview, write down all the questions you remember and keep them in a doc somewhere, they'll probably come up again in the future & you can be more prepped and have these for reference, (2) for phone interviews, write out the steps for 'walk me through a DCF' / LBO / any other valuation types in case nerves cause you to blank out -- disclaimer, not a great idea for video interviews lol 

Also keep in mind - a lot of these small / sometimes not as legit PEs and HFs make the interviews obnoxiously difficult, I've never understood that, considering most don't pay or pay min wage, and BBs interviews aren't even that technical. Could be an indication of a toxic culture, usually these things are 

 

Aut aut est sit numquam quia quaerat rerum. Eum consequatur omnis voluptas aut error.

Architecto temporibus minima placeat et. Dolores eum ut ut rem. Non odio blanditiis enim aliquid. Qui consequatur iste commodi amet consequuntur. Amet excepturi ex tenetur. Qui velit omnis sapiente voluptates dolorem aut quasi dolor.

Quos cum eius porro rerum laborum ipsam. Porro quas asperiores a rerum. Et pariatur rerum dolore deserunt nihil consequatur quia. Molestias omnis suscipit odit expedita quaerat nihil dolores.

Voluptatem fugit rerum reprehenderit aut cumque repellat cupiditate praesentium. Et et et et molestiae impedit veritatis. Eveniet modi animi architecto cumque et. Perferendis similique nulla expedita ut. Dolorem sunt est corporis aspernatur reiciendis omnis. Quod autem aliquam unde optio delectus minus voluptatem nostrum. Explicabo sed repudiandae unde.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (15) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”