CPI Intro call

Based on the most helpful WSO content, CPI's intro calls for on-cycle recruiting have been known to include technical components, such as a paper LBO. While there isn't explicit confirmation in the dataset that they still conduct paper LBOs on Zoom, it's a good idea to prepare for this possibility.

Recommendations to Prep for the Call:

1. Paper LBO Practice:

   • Practice simple paper LBOs to ensure you can quickly calculate IRR, equity multiples, and basic leverage metrics.
   • Focus on understanding the mechanics of an LBO, including assumptions for purchase price, debt, and exit multiples.

2. Technical Knowledge:

   • Be well-versed in M&I Advanced Guides and BIWS 400 Technicals, as these are highly recommended for technical prep.
   • Review key financial concepts like valuation methods, DCF, and basic accounting principles.

3. Behavioral Prep:

   • Prepare a concise and polished "Tell Me About Yourself" (TMAY) and "Walk Me Through Your Resume" story. These are staples in interviews.

4. Mock Interviews:

   • If possible, practice with friends or mentors who have gone through the process. They might have insights or materials to share.

5. General PE Knowledge:

   • Be ready to discuss what makes a good LBO candidate or an attractive industry. This demonstrates your understanding of private equity fundamentals.

6. Zoom-Specific Prep:

   • Ensure your setup is professional, with a quiet environment, good lighting, and a stable internet connection.

For more detailed guidance, you can explore WSO's Private Equity Interview Prep resources or their Private Equity Interview Bootcamp for structured preparation.

Sources: CPI OCR Call, Private Equity Recruiting Walkthrough – My Experience, https://www.wallstreetoasis.com/forum/private-equity/on-cycle-recruiting-2018-what-to-expect?customgpt=1, Guide to LA IB Scene (2023 Edition), CS Incoming Analyst global Zoom session