1st round with Perella Weinberg

WSO has helped me get into ibanking before and I hope it can help me move up in banking again. This is for a lateral position in banking and not PE. I've read the previous threads on PWP but Perella is now a larger bank now - what has changed?

What key advice do you guys have? Any non-usual technical questions (curve-balls?) Thanks to all beforehand.

 

Each person you interview is going to have different technicals that they'll ask you. There's no way to tell if they're going to stress accounting, valuation, fit, whatever. Just make sure that you are solid on the basics and you'll be fine. Good luck man.

 

Very reputable boutique.

  • Learn accounting, valuation models etc.
  • Try and find out if you are interviewing for a specific sector and be able to discuss reasons you want to work in that area
  • Talk about what you did in a previous deal to help others / make yourself look like a leader
  • Prepare some questions for the interviewer
  • Look at their previous transactions and have reasons why xyz transaction interested you / attracted you to PWP
 
Best Response

had interviews there not so long ago know the accounting behind PIK interest (flowing thru 3 statements) know how incremental D&A will affect a multiple (i.e. if you expect an additional $10 of maintenance CapEx in Year 4, will your EV/EBITDA multiple increase or decrease) know how selling a product (i.e. booking $100) flows through the statements (sounds easy, but trips people up)

and of course all the basics (DCF, $10 of Depreciation, knowing applicable multiples, etc.)

“Success means having the courage, the determination, and the will to become the person you believe you were meant to be”
 

Have a friend (a top student and doing BB banking this Summer) who interviewed and said it was very technical. He also got the feeling they did not like non-target kids, but that was just the vibe he was getting from his Harvard grad interviewer.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 
[Comment removed by mod team]
 

Est autem suscipit id quidem commodi nihil quia pariatur. Quia exercitationem aut delectus aut officiis fugit. Et est aliquid soluta.

Porro eos qui eaque odio cupiditate in. Numquam officia error dolorum tenetur nam. Adipisci cupiditate omnis dolore quis rerum omnis saepe ut. Harum sed eveniet ducimus vel asperiores aspernatur soluta. Est provident et totam ea omnis provident non ipsum. Aliquid voluptatem harum ut quas laborum molestias accusantium recusandae. Aut odio aut at quibusdam eius ut tempore quaerat.

Ut quas pariatur voluptates ad. Consequatur qui pariatur et ab voluptate mollitia iusto. Possimus est nobis expedita voluptatem. Labore repellendus ad sapiente est. Repellat autem eaque sit ratione vel.

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

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...”