How much easier is a PE Analyst interview compared to a PE Associate interview?
Maybe a dumb question, but I'm curious. Has anyone experienced a few of both and can tell? I know both are likely more difficult than their IB counterparts, but I have a PE Analyst interview soon and want to know if I am "overpreparing" if I'm looking at PE Associate materials. I want to be sure I'm focused on the important stuff.
I'd say lateral analyst with 1+ year of experience will be nearly identical to the ASO materials, but grad analyst will be pretty different.
Once you have experience, that is the main focus of the interview. If you're still in college you should prep similar to an IB interview with technicals, maybe a bit more focus on LBOs as well as stuff like "why PE?" "why this industry?". The questions are all quite different given you wouldn't have much experience outside of class projects or an internship to draw on
Thanks! And yes, I'm a 1+ year lateral, so that's good to know.
Did the interview. I don't know if this is the norm, but it was pretty easy. Very technical, but the technicals were basic as can be, aside from maybe one tricky question.
Not much deal discussion, but I did a walkthrough and a investment recommendation. They applauded the fact I said "no".
Are there generally full modelling tests for analyst positions in PE or is it more focused on high-level stuff such as how an LBO works, what are the drivers of returns in a deal etc?
PE associate interview always includes 2 hr modeling test with 3 statement build at minimum
My interview as a graduate was a 2h modeling test as well as a 3-day take home case study (essentially received a full DD set + IM and I had to write a Investment memo). From what I‘ve heard the latter is rather unusual.
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