Questions about first IB interview

Well, I've been accepted to my first interview for a 6 month internship in IB. I'm a 1st year undergrad. The interview will take place on 8th of April. I have knowledge of basic accounting (balance sheet, income, cash flow), but other than that I've less than nothing. Could you give me some books for beginners ? I have at home Rosenbaum's book, Liar's Poker and a small guide about Investment banking by Patrick Fearon. I also have little skills in excel and powerpoint, which I'm currently working on. Any advice, please ?

 
Best Response

I don't think that they will take in account that I'm a freshman. This is the announcement :

"The firm is looking for a bright, motivated student with an entrepreneurial spirit to join our team for a six month period. You will work alongside experienced industry leaders and be provided guidance and mentorship within a team based environment. At this firm: ou will be exposed to a large spectrum of industries and to various stages of the M&A process.  You will be tasked with supporting senior M&A bankers in executing transactions alongside other bankers;  You will support industry-focused bankers who originate and execute all sorts of deals for their clients, including M&A , MBOs, LBOs and capital raising;  Start working immediately on active mandates, industry research and pitch requests. Duties and Responsibilities:  Gathering and synthesising financial and operating information about companies and industries;  Creating and updating financial models;  Gathering market data to analyse trends and help value and price transactions;  Drafting presentations and memoranda for a wider audience within the Firm and the financial services industry;  Preparing precedent transactions and comparable company analysis;  Preparing pitch books. Qualifications, Skills, and Requirements  You are presently enrolled in an undergraduate or postgraduate program Finance, Business Administration, Accounting (preferably);  You have strong analytical and numerical skills that put you at ease with financial data;  You are a proven team player with the ability to manage a wide range of responsibilities;  You are results-driven and perform well under pressure and against tight deadlines;  You articulate complex ideas simply and summarise them effectively; ability to communicate effectively in multiple languages is an advantage;  You possess superior computer skills (Word, Excel, PowerPoint, Desk Research, etc.)  You have a proficiency level command in English;  You are committed to excellence in your work and maintain high professional and ethical standards"

Sorry for the long post. I'll do excel for 3 days in order to become more familiar with ii and then I'll start reading Rosenbaum's book. Does it provide info about everything I need to know for the interview ? (DCF, MBO,LBO, capital raising, WAC, FFC, multiples etc) . I was thinking to do some research about basics of capital markets investing, risk management and stuff but I'm not sure if the time allows me to since the interview will take place at the start of April. I've been stoned since I've seen that announcement because IB in Romania is in a development process and it's hard to find opportunities like this. I really want to nail it.

PS: Again, sorry for the long post :) regarding the accounting part, I can say that I'm familiar with 3 statements, it's anything else I need to know besides that ?

 

Does anybody have the excel templates from IB:Valuation, Leveraged Buyouts and M&A ? And also these :

Chapter 1 Comparable Companies Analysis Q&A.doc Chapter 2 precedent transactions Analysis Q&A.doc Chapter 3 Discounted Cash Flow Analysis Q&A.doc Chapter 4 Leveraged Buyouts Q&A.doc Chapter 5 Leveraged Buyout Analysis Q&A.doc Chapter 6 M&A Sale Process Q&A.doc

Model Templates Comparable Companies Template.xls precedent transactions Template.xls DCF Analysis Template.xls LBO Analysis Template.xls Completed Models Comparable Companies Completed.xls Precedent Transactions Completed.xls DCF Analysis Completed.xls LBO Analysis Completed.xls

 

i am also looking at modelling materials. any links and step-by step instructions on debt schedules etc would be very useful. thanks

 

Be well versed on the current credit situation for the banks and what the impact is. I'm sure it will be a big topic of the discussion.

-------------- Either you sling crack rock or you got a wicked jump shot
 

Know the following: Why did you choose your undergrad What are your strengths/weaknesses What are the biggest issues in the market (i.e. credit crunch, cessation of LBO deals, sub-prime market, etc.) Also research the firm you are interviewing with and ask at least 2 insightful questions i.e. How will the current state of the financial markets affect your business and my future with the firm? etc.

 

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