ER Final(or not) round interview?

The role is experienced hire, but I'm not ER background.

First five rounds have been meeting five members including directors around behavioural, what could be asked at final round? Getting nervous…

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Comments (6)

  • Junior Trader in S&T - Comm
May 24, 2021 - 1:18am

I'm curious to see how it goes. I've been in multiple stages without an ER background and have done modeling test/technical tests before reaching any final round. 

May 24, 2021 - 10:36am

It's not usual to get asked to do a modeling test in an interview without prior knowledge/guidance given (time and/ what you'd be doing), so I assume it will just be technical questions. Typical technical questions include:

  • walk me through the 3 financial statements and how they flow together
  • what are some valuation methods and explain how they differ
  • walk me through a DCF
  • increase in $10 of depreciation and its effect on the statements (note: could be another line item)
  • enterprise value vs. equity value
  • what are some commonly used multiples and how they differ
  • levered vs. unlevered cash flows
  • what is the formula for WACC and how do you calculate it

The most they could ask you to do is a paper DCF with some given assumptions. Additionally, I assume you have a stock pitch but be prepared to have one or two just in case. It is not always asked, but interviewers are impressed by refined pitches.

May 24, 2021 - 10:17am

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