Providence Equity Interview

Hi all, I'm looking for as much information about Providence as possible. If anyone has even heard gossip, please let me know. My main question is trying to understand their interview process as much as possible.

  1. What is the modeling exercise like?

The one interview report on here says the following:

>"At the end of the interviews, I had to take a modeling exam. Using filings for a public company I built an LBO model from a blank excel and then I explained it to a couple interviewers and answered questions about the company and my model inputs. I had a few hours to do the model."

Does this imply that it's a full three statement model, or one where you can just get to cash flows quickly and then work to CoC/IRR?

This is further complicated by one of the reviews on GoBuyside, which says the following:

>"Nail the modeling skills. They use very confusing template. You can waist a lot of time to figure it out."

Does anyone have any insight as to what this could be?

  1. What about technical questions? Anyone know what technical questions they have asked or are wont to ask?

  2. Location - what would determine location, given that I'm sure of the 2 associates they take for NYC, and 2 they take for Providence, all 4 probably want NYC?

  3. Since they're currently in the middle of raising fund 8, will that affect anything?

  4. Where do they fall on the sweatshop spectrum from family office being a 1 and something like Onex (or whoever) 120 hour week-before-deal being a 10? Hours per week guess?

  5. How are deal teams structured? One associate on the model, one on market/other DD? I know they outsource DD to consultants, if that changes things?

  6. Any other general information on culture would be good to know. There are some Glassdoor posts about how it's a boys club based on who likes who but that seems kind of par for the course. Any real insights would be great.

  7. I know they are Media, Telecom, Education, and increasingly Sports focused. I know they're represented by CPI. Any additional recommendations or advice for someone looking to work there?

Thanks you very much,
Corey

 

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