Evercore 2021 SA RX Superday
I have a superday tomorrow afternoon for Evercore’s restructuring team. I hear they’re not really into the cookie-cutter M&I 400 questions. there’s not a lot of waterfall and bond trading Interview guides out there so I’ve just been reading Moyer. any advice for the best way to use the next few hours?
Go to the WSO interview database and find past questions for ALL the rx shops. Also try to find the HL RX case study and understand it.
thanks! I’ve read the HL case but I’ll review it. should I start with particular shops like HL and PJT for the database?
HL and PJT will probably be most similar, though it can't hurt to check out Lazard RX, Millstein (rip), Ducera, Miller Buckfire, etc. The 400Q guide also has a decent rx section with good qualitative questions.
how did you first round + superday go? very technical?
I got the offer for RX. very accounting heavy and some bond math. the databases really helped
congrats! thats awesome! do you have any advice on prepping accounting, since they’re heavy in that?
Could you give an example of some of the bond math questions? I have an superday with PJT rssg soon and wanted to brush up on this.
hey man congrats on the offer!
I have a first round for EVR RX coming up this week and was wondering if for the accounting questions you meant just classical 3 statement walk through and also if there was any LBO or M&A questions ?
congrats. Message me if you want any insights or prep materials for the group
Hi. Congrats btw! Did the interviewers respond to your thank you emails?
Where did you find the database with questions?
in terms of database which one helped the most? also, how long was superday?
congrats on the offer!
WSO has a database of questions for Evercore rx but they're kind of old so I looked at HL and PJT too. (I didn't get any case questions really, although I saw a lot of them in the database)
two hours and four interviews. three associates and I ended with a VP. the behaviorals weren’t difficult and kind of rushed through (I could tell they just wanted to grill me on technical stuff)
First off congrats on getting to the superday so far and wish you the best. Are you diversity or at a target by any chance?
yeah. both. I’m fortunate on that front ‘cause I hear banks don’t like to scare diverse applicants by being too intense.
could you pm me? had a question from my superday i cant figure out, would really appreciate help on it for other rx interviews, but im out of pm’s for the day. thanks and congrats on evercore :)
hey man congrats on the offer!
was wondering what were some of the non RX technicals that you got
still kinda related to the situation of distressed companies but:
“what happens to wacc as a company takes on more debt?” “one company generates cash flows based on coin flips and the other is a fridge company. what are their betas?” “two companies have the same multiple and they’re otherwise identical, except one uses a capital lease and the other an operating lease. which one had a higher multiple?”
Not involved w/ evercore at all but wanted to try my hand at these. Could u give some feedback? 1) Depends on how much debt the company already has. Could either decrease if there is a small amount of debt, but after a while if they take on too much Cost of equity could increase and therefore increase wacc. 2)Coin flip one going to have higher beta than fridge(riskier) 3)No idea. could u explain?
operating lease higher multiple
Hey man. Just wondering: when was your Superday?
Really do not think it is fair for your to disclose all these questions that you got asked (and especially the answers) as it provides an unfair advantage for those who have not gone through the process yet.
my bad. most of these questions are in the databases though. you right, I’ll lay off
Questions change each year and most of these actually aren't. Understand you are excited about the offer but please be considerate of those who do not use WSO and are therefore at a disadvantage
I gotchu man. information symmetry is an issue in the industry and I thought i was creating more transparency, but you’re right not everyone has access to this info. I’d hate to be a part of the problem.
relax it’s not that deep. this entire forum is about helping people out. it’s not like this are secret questions either. all of this stuff can be found on the internet
Hi I have a Superday could anyone let me know if it is important to get all questions right to get an offer.
Not necessarily – more important is displaying your critical thinking skills and understanding of concepts. Don't be nervous and good luck
Did Rx already close applications? Have there been or are there going to be any more superdays?
Had Rx first round on April 19, go to semi-target (non-diversity). Anyone have ideas about what timeline looks like? Heard it's staggered depending on school. Thanks
I think they have pretty much finalized their incoming class
Any idea on the class size?
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