RE superday
I have an upcoming superday think BX/SW/APO for an SA. wanted to ask about most important stuff to go over and best resources?
I have an upcoming superday think BX/SW/APO for an SA. wanted to ask about most important stuff to go over and best resources?
Career Resources
What is APO?
apollo
didn’t know they had super days for audit
I think ud have better luck if you clarified who it was for becuase I know myself, and others on this site, have sat in those same interviews you're about to do and they are very different firm by firm.
You're not outing your identity by saying you have a superday w/ x firm, they have at least 10 other kids lined up for the same spot.
Alright if that's the case,
I've got a super day with Starwood coming up within the next couple of weeks and I have NO PRIOR KNOWLEDGE about CRE, like NONE whatsoever. Blindly applied and didn't think I'd get this far. What the heck can I study to get an offer?
BUMP
Current market environment for all property types (multifamily vs office vs retail vs industrial etc..), local market environment, valuation methods (income analysis vs DCF vs comps etc..), RE metrics (Cap rate, DSCR, LTV, etc..)... try YouTube too
Thank you for the input, +1 SB
Thank you! How about mental math???
there’s no downside to prepping for that in the off chance you get asked any
Starwood asks mental math questions on bond stuff. How would you price a bond in perpetuity and they'll ask additional questions off of that in terms of perceiving risk and what an appropriate yield on that pmt in perpetuity is.
Ex. MD asks what yield you would put on a bond in perpetuity backed by him vs the analyst sitting next to him. Which one is riskier a.k.a. which on would demand a higher yield
They typically have 3-4 total interviews one of them will be that bond stuff, one of them will grill you on your resume to a point of just being dicks, last one or two will do some resume stuff and ask about the market, where do you think opportunities are, where would you invest $100m today, etc
And on that note, go into it with a thick skin. They are dicks in the interviews and are known to have a very specific culture that people tend to do better in if they're already very well-off/well connected
Cash-on-cash math calculation too.
Ex. If you buy a property at a 5% cap rate with a 50% LTV at 6% what is your cash-on-cash return?
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