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Comprador Hong Kong - Summer analyst (ex-Blackstone)
Be most appreciated if anyone could give me some information regarding this boutique IB in Hong Kong. It introduces itself as the successor firm to Blackstone Advisory Partners Asia, will the interview tend more to the IB side or the PE side?
Centerbridge Valuation Team Summer Internship
Can somebody give me some insight about the Valuation team at Centernbridge? Also, how should somebody prepare for an interview for the valuation team? Thank you
Moving internally from risk to IB
Hey WSO, I'm now networking with IBD analysts and associates with the aim of moving to IBD internally from Credit Risk. It's going well so far having talked to many analysts and associates, learning about their team and keeping an eye out for churn and open roles. How would the interview questions...
Interview Advice
Hi, Hope you are well. I have got an interview next week for a junior OTC trading role. Any advice would be much appreciated regarding what to prepare and what to expect. Classic questions that come up?? I am focusing currently on developing market understanding atm, futures pricing / spreads /...
Interview Question - Two Identical Buildings, why would their value differ?
I once got asked in an interview for an internship at a PERE shop the following: There are two office buildings right next to each other and everything about them is virtually the same. In looking to acquire this property, what are ten things that would explain why the two buildings have different...
I need interview help
Hi all, So I've been having a lot of interviews/superdays this past week but I've been getting rejected left and right. What really confuses me is that a lot of them went great (the people seemed to like me, I answered either all technicals correctly or got one question slightly wrong, it was very...
Ways to stand out in a job interview
I am currently interviewing with target firm of mine in the Capital Markets division, and I am looking for ways to stand out from other candidates. I have already moved on to the second round and wanted to "wow" the interviewer. I was thinking of presenting a market analysis on the Co-investments...
NERA Economic Consulting Interview Process
Hi guys, I was hoping to see if anyone knew what the interview process is like for a Research Associate for NERA Economic Consulting. Also, if they had any suggestions/tips on how to prepare. Thank you.
Where should your focus be when preparing for an interview?
I recently had my first ever two superdays with two middle market investment banks. With no prior experience attending a superday I was nervous that every round was going to be very technical so I studied 90/10 technical/behavioral because I did not want to botch the questions. But after...
How to answer why are you interested in this team (corporate bonds) in interviews?
Hi, I will soon be graduating with a degree in economics. I don't have much of a background in finance, except one quant internship that I did, but I worked with equities during that internship. I have extensive technical experience. I am interviewing for a fintech role (not going into details due...
Interview Question - Revenue Growth vs SG&A Improvement
A buddy of mine got asked the following question: Would you prefer 3% improvement to top-line growth or 1% improvement in SG&A? Ignoring actual numbers and thinking about it conceptually, a few thoughts of mine are the following: * My first instinct is to start by acknowledging that ultimately what...
Accretion/dilution question with regards to amount of debt used and interest rates
I recently read that if the percentage of EPS accretion/dilution is constant and if you change how you finance the deal (i.e. less debt or more debt used), your interest rate doesn't need to change either. How does that work? The math behind it works perfectly as well but I just wanted to know an...
Two listed companies have the exact same Financial Statements, yet the P/E Multiple of company A is 2x the P/E of B. Why?
I got this question in an internship interview recently. I listed a potential recent lawsuit, the general economic differences in each respective country and a recent earnings miss by the lower valued company as possible reasons. I personally think that these answers aren't bad, yet the interviewer...
Has anyone ever took a Hybrid Trader Intern Interview for Belvedere Trading in Chicago?
So, I applied to the position about a week ago, and they just got back to me. They told me my resume matched their qualifications but would like me to take a Math Challenge test. I was wondering how difficult it was, and if there are different sections I should look out for. Is it solely mental...
Advanced Interview Questions: Actual Financial Statement Cases
Let me shed a bit of light on my question with two examples below: A year ago I interviewed at one of the big boutiques and was handed a BS , the IS and CFS with a basic case study. If I recall correctly, I should evaluate if the company could do an acquisition and how it should be financed - I...
Requesting Help from Smart People - (PE / IB) Interview Question
Hey guys, Trying to get insight into solving the interview question below. How does one go about solving it? Thanks for the help! After a having expensed in past periods an estimated $5,000,000 in research and development for a new product, the Widget Company is faced with the decision of whether to...
How would you answer? - Interview Question
You can prepare for hours and days for important interviews, but it's possible to be presented with a question which you don't know the answer to. When this happens, what's the best way to answer? For example, I was presented with the following scenario: "You have 50 black and 50 red balls, and 2...
URGENT: Why do you want to work for this Asset Management Firm and not others?
I was hoping if I could look for some advice on this particular question. When asked this question by the interviewer, what kind of distinction can you name that separates the Asset Management Firm that you're interviewing versus all the other ones that exist. Don't they all do the same thing?...
Interview Question about P/E
Not sure how to answer this question, seems pretty basic but maybe I am overthinking it. Question is "if I had 4 companies, 3 had 10 P/E and 4th had 20 P/E, what's the first thing you would ask?" I know various things can affect the P/E like growth, risk, shares outstanding, industry etc..but I...
How to deal with target's company's non-controlling interest in a M&A scenario
Not sure if this is posted anywhere, but my question is as follows Say Company A acquires 100% of Company B, on Company's B's book, there is a NCI item (which means, B consolidates a company without owning the majority interest of it). 1. When B is being acquired, understand that B's assets &...
Please help with an Interview question
How would you answer this question: How are the markets currently doing? Please explain your answer from a Macro and Micro perspective. Also, what is the yield curve looking like? I know for a fact, I'm going to get asked the above mentioned question at my interview this week and would really...
Deciphering Email I received from a banker.. help!
I have been emailing banks asking for internships and I received an email from the bankers assistant saying they want to meet me... Is this an interview??- Im going to wear a suit but was wondering if I should bring a folder with resumes and everything as well.
Top 20 Best Interview Tips/Responses (very srs post)
Credits to an unknown author (found this stuff on a random FB page). Edit: looks like it's from www.thepoke.co.uk Enjoy. 1. Intro 2. Belching 3. Eye contact 4. Subtlety 5. Facebook photos 6. Interviewer's name 7. AppliCAN 8. Delegating 9. Leadership 10. Productivity 11. Confidence 12. Describe...
How does cost of equity change in recession
A firm's Cost of Equity=Rf+Beta*Market Risk Premium. Treasury bill is low risk investment, does Rf decline during recession? Is this firm more sensitive to market change in recession(Beta)? How about Rmarket? I think Market Risk Premium should be lower because those companies in market portfolio...
"What is your most significant leadership experience?"
For this interview question, would it be okay to mention my experience as my senior patrol leader in my boy scout troop? I'm 22 now, and this experience would have happened when I was 15-16. While I know it's bad sometimes to use high school experiences, I do feel like this was my most significant...
Basic ratio questions?
Two variations on a theme here: 1. Ceteris paribus, will two companies with the same P/E have different EV / EBITDA if one is more highly levered? In which direction? (It's tricky because if the levered company will have a higher EV (same equity value , more debt), but also seemingly a higher EBITDA...
Firepower Analysis - General&Interview question
1. What is firepower in M&A? 2. How do you calculate the firepower of a company exactly?
Two companies merge, what is the resulting market cap?
I got the following question in my interview and I'm stumped trying to think of the correct answer. If two companies A and B with market cap 1bn merge, what is the resulting market cap if company B's shares are valued at a 50% premium? I was thinking along the lines of, if it's an all cash/debt,...
PE Interview Style Question
Looking for some insight into this question. I am curious to see what other peoples thoughts are on the owner/operator vs franchise model. "Take two companies - one is an owner and operator of 300 fast food restaurants and other is a franchisor of 300 restaurants and collects 5% of profits from...
How Sale of PPE flow through the 3 statements? (with some twists)
A day ago I had an interview for an IB position and was asked the following question, which in general is simple, but some details got me confused: A piece of equipment was bought 5 years ago for 100k. Annual depreciation is 10k . In the middle of this fiscal year the equipment was sold for 20k. How...
PE Debt Fund Interview Case Study
Wanted to gauge some responses on an interview question I heard. The interviewer gave about 30~45 mins to work through a potential credit opportunity. The given company is a paint distributor (highly cyclical) and had recently gone through bankruptcy 3 years prior. During this time, a PE firm bought...
Interview Question that I was just asked... Please help! - Explanation?
Just got off the phone with a managing partner of an international investment bank. The follow is what he asked me: Let's say an acquirer wants to purchase a target company with cash, why would the acquirer want to purchase the target's assets/liabilities, instead of its stock. He said you are...
What should you ask the interviewer?
Cultural fit is one of the reasons many cube monkeys stay where they are - unengaged in what they do but at the end of the day it pays the bills. During your interview, the interviewer did their best to make it seem like this would be the greatest job in the world. And you oversold yourself - as the...
If you're stranded in the middle of the ocean on a life raft what would be three things you would wish to have?
What are interviewers trying to figure out about you when they ask this question? And what answers do they want to hear?
Interview Question: "Why do you want to leave your current firm?"
Greetings! I have several interviews lined up after a 2 year stint at a consulting boutique. Most of them are firms like A.T. Kearny/Oliver Wyman. I'm pretty sure there will be a question like: Why do you wan't to leave your current firm? For me the reasons are: - Prestige - Better Pay - Better Exit...
Describe a time in your life where it was difficult to do the right thing
Has anyone ever been asked this? I'm trying to think of a personal example but I can't pinpoint one.
"Tell me about a time you..."
I'm prepping for interviews and trying to get a feel for the standard fit questions. Besides the basic "tell me about yourself" and "why this firm" questions, I expect many "tell me a time you ___" questions. I'm compiling a list at the moment, not to write a response for each one, but to try and...
"What other banks are you interviewing with?" Best answers
Hey guys, just had a question on how to answer when they say "What other banks are you interviewing with?" After saying that I'm interviewing with XX other banks, should I do my plug for why THEIR bank is my #1 choice? How long should I go about talking about why they're #1 or should I just wait...
RE Investing Interview Questions
Gents, Have an interview coming up for a real estate hedge fund investing in SFH. Was hoping to get some input on a few questions that could be asked. 1. What factors do you view as most impactful to the valuation of RE assets? 2. What type of market data are you looking for to offset risk in a...
How to value the fixed income and equity derivatives bussiness of a bank?
For a bank research role i was asked to value only this part of the business. Just curious if someone knows how you would go ahead and perform this valuation? I was given no more instruction, I was just ask to come up with a price for this business segment. Would you include the following in the...
25 weirdest interview questions
I haven't seen anybody else post this, so here is an article my buddy just showed me on the top 25 weirdest interview questions of 2010. 25 Weirdest Interview Questions of 2010
Hey! - PE question
Hi, When they ask the why Private Equity question, is it ok to say because I like to fire people? thanks!
How to value equity of non-public company?
How would I value the equity of a non-public company? Do you just take its enterprise value then add cash and subtract debt?
Interesting Interview Question
So, I just received my FT offer, but I wanted to reflect on some of my interview questions that I received from various banks. Specifically, I wanted to ask your thoughts on this scenario. For a top MM firm, a director asked me to stand up, walk over to his window of the 26th floor, look outside,...
interview question: how to calculate capitlized lease quickly
Hi, Say for example a Company takes on a lease obligation of $500,000 for 10 years, with an interest rate of 10%. The company must make 10 payments of $81,372.70 (I pulled this off the internet) How do you calculate the payments? And what shows up on the three financial statements?
Interview question: How do you compare the two following companies
Hi, I was asked how I would quickly compare two air plane companies (ie Air Canada, Air Transat, etc). One company owned there fleet and the other rented their fleet. I suggested comparing the Company who owned their fleet's EV / EBITDA to the other Company's EV /EBITDAR. Now I was a little confused...
mock interview practice partner over the phone or meet up in nyc
Does anybody want to practice mock interviews for ibanking? It can be either over the phone/skype or meet in person if you live in NYC . PM me if interested.
If you could have one piece on info from the WSJ
This was an interesting two part question that I go in an interview that I probably could have answered better, but definitely could have answered worse. I'm just curious how others respond. 1) If you could see into the future and know any single piece of information from the WSJ one year from now,...
FI Sales Interview
Have an interview for a job in Fixed Income Sales. The role is selling short term fixed income (govi, agency, corp, certain tax exempts) to institutional clients. What kind of questions can I expect? Am I looking at general questions like what is 30 day LIBOR, 1 year swap, short mmd scale? Or will...
quick interview question
hey guys, ive been networking real hard for an i-banking SA position for 2011 (sent over 400 emails). two of the emails i sent friday were to MD's from the same boutique in NYC . both replied monday asking me to come into the conference room at their office for an interview. what kind of questions...
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