Embarrassing phone interview

I had two intern experiences, one front office (PE 6 month part time) and one back office role( 6month part- full time). I didn't do much about modeling in the front office role because... it was an internship and we were not expected to do valuation all the time, maybe it was just not a very nice internship and I didn't learn as much. I was more like an assistant. I left that role half year ago and worked as operations intern, I enjoyed it a lot and totally forgot abt valuation, 3 financial statments, all those technical interview questions. I got an interview for a back office role working with traders at a hedge fund. The interviewer seemed very interested in my front office role and started asking me those financial modeling technical questions, why not net income, why EBITDA? Going through 3 financial statements and how they linked to each other etc. I know these are very easy and fundamental questions. But I just completely forgot a lot of elements as I studied these questions long time ago. I didn't expect he would test me on these questions because that was a back office role at hedge fund. (my goal is to start as an operations first, then move up to be a trader) I couldn't answer these questions and my mind went blank. It was so embarrassing because I had one front office role on resume but I couldn't get the questions right. Now I just couldn't let go this experience because I felt so dumb....Is it normal that ppl might forget abt the valuation techniques after working for other type of positions for a while? I just can't get over with the bad/self doubt feeling after this interview. Forgive me if I sound dumb...

 
 
Most Helpful

In iusto consectetur et blanditiis et porro. Qui deserunt dolores sint sit illo. Error asperiores magnam vitae consequuntur animi et.

Array

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”