I Squared Capital Interviews

Based on the most helpful WSO content, here's what you need to know about preparing for interviews like those at I Squared Capital, particularly for Summer Analyst (SA) roles:

1. Behavioral Questions:

   • Expect classic behavioral questions such as "Walk me through your resume," "Why finance?" and "Why this firm?".
   • Be prepared to discuss your past experiences, strengths, weaknesses, and how you handle challenges or deadlines.
   • Tailor your answers to demonstrate reliability, quick learning, and a strong interest in the firm's focus areas.

2. Technical Questions:

   • Technicals for SA roles are generally foundational but can vary in intensity depending on the firm. You should master the basics:
     • Valuation techniques (DCF, Comps, etc.).
     • Understanding of the three financial statements and how they interact.
     • Basic merger math and LBO concepts.
   • For infrastructure-focused firms like I Squared, it might be helpful to understand sector-specific valuation nuances, such as cash flow stability and regulatory impacts.

3. Case Studies and Excel Tests:

   • Some firms include case studies or Excel-based tests in their process. These assess your ability to think critically, analyze data, and present logical conclusions.
   • Practice building simple models (e.g., DCF or LBO) and be ready to explain your assumptions.

4. Key Preparation Tips:

   • Review sector trends and have a solid understanding of infrastructure investments, as this is I Squared's focus.
   • Be ready to discuss a deal or investment idea, showcasing your ability to analyze opportunities and risks.
   • Practice answering "pitch me a stock" or "if you had $100M to invest, where would you put it and why?" type questions.

5. General Advice:

   • Be polished but approachable in your demeanor. Firms value candidates who are not only technically sound but also a good cultural fit.
   • Prepare thoughtful questions for your interviewers to demonstrate genuine interest in the firm and its work.

Good luck with your preparation!

Sources: Interviewing for a SA or Analyst position? Here's what I'd want to hear as a VP., Q&A: Currently an SA at a MF (Ask me anything), 20 Most Frequently Asked Questions - London Edition, LBS MFA Interview Experience, How to Navigate FT Recruiting: Learn from My Successes/Failures