Any insight on Evercore First Rounds?

First rounds for EVR: Are these done by the phone, and what is split between behavioral and technical questions? How long is the call, and what is the degree of difficulty for the technical questions?  (Would reviewing the M&I guides be enough?) I would appreciate any insight on this. Thanks. 

 

My first round was 90% technical, it's not that hard but it's so early in the cycle I feel like a lot of kids are not in the swing of things yet. The guides are plenty assuming you actually understand them.

 

It was basic overview of all the topics you'd expect, accounting, merger models, valuation, etc. There would be a multi-part question on one topic then if you solve it move on to the next. The interview is almost a race to see if you finish everything in time. Didn't dive deep, I assume that would happen in second/third rounds. Replying to other guy, it was last year. I got cut after first round and got an EB offer elsewhere after I actually started studying.

 

Had an first round with them last year, was one phone call, lasted between 45 mins and an hour. Agree with poster above 90% technical. Technicals were much harder than any other bank, at least in my experience. I got asked bond math, PIK interest’s effect on the 3 statements, a few different 3 statement questions, some basic bankruptcy stuff, typical EV/ equity value and dcf stuff.

 

Was this for RX (I'm doing M&A) ? How would you recommend preparing for the bankruptcy/bond math segment? 

 

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