My shop is interviewing some candidates now and it was just one round with the senior people in the office and some junior people

The interviews for lateral hires are very technical, the reason we want a lateral is because we are very thin at the junior spots and we don't want to train anyone from scratch.

Keep in mind i am at a boutique too but a pretty well known one, so I don't think it would be taht much different different at the BBs

 

we expect the candidate to be very familiar with modeling , lbo, a/d,dcf, know how to hand spread the comps etc

We do give modeling test questions ( build a quick dirty LBO model with the assumptions we give you,etc)

Basically, imagine a second year analyst who has done all the modeling on a book and imagine yourself being able to work the first day of your job ( besides the logistic stuff)

 

Depends on what your experience/resume suggests.

I've had interviews where the interviewer says "this is usually where I'd ask you technicals, but I can tell from your resume thats pretty much a waste of time"

and I've had interviews where the interviewers -- having seen the same resume as the example above -- as me things as simple as what is Beta? what is WACC? how do you value a company?

 

Honestly - nothing outside of what you might expect from a Summer Analyst interview, or at least that was my experience.

They'll ask you about DCF (should know), Acc / (Dil) and some other topics but generally speaking, I wouldn't expect anything crazy. Perhaps just know the basics of an LBO (like, "walk me through an LBO"). Since you have a valuation/accounting background, you may encounter some more difficult questions on this end, but most will be related to connecting the three statements, etc.

 

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