So, I am reading Rosembaum & Pearl's, "Investment Banking". Pretty much trying to learn the fundamental concepts and processes in the industry. This is all in effort to know what I am talking about when I get into my SA interviews.
Currently, I am going through the comparable companies and precedent transaction analyses, and I am wondering for those of you that have gone through SA interviews, will I need to be able to discuss, walk-through, and/or explain trading comps & precedent transaction analysis?
Any help is appreciated!
Yes
Thanks for the insight.
Most will probably just ask you, "what are three ways to value a company?" To which you will respond: "DCF, Comps, and Precedent Transactions." The only one I've been asked to go into detail with was the DCF.
You might as well take the time to learn/prep how to explain transaction/trading comps too, it's a pretty simple valuation method that's commonly used.
Thanks for your feedback, guys. I agree with you: conceptually, the methods are pretty simple. I just wanted to get an idea as to what degree SA interviewers want you to explain the analyses. In the text, they literally go through every step including all the calculations. I just didn't want to memorize all the calculations, if it wasn't necessary. It sounds like they just expect you to understand the general process. I know to definitely be on point with the DCF. Thanks again.
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