Investment Banking Associate

Status
1st Year Associate at
Group/Division/Type
City
New York
Interviewed
2011
Overall experience
Negative
Difficulty
Average

General Interview Information

Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month

Interview Details

What did the interview consist of?
Phone Interview
Skills Test
Please describe the interview / hiring process.
The first interviewer was an associate at the firm, very nice and agreeable fellow. The next interviewer was a lawyer by background, who came to the firm via a white shoe law firm. He was extremely arrogant. Things basically fell apart when he attempted to quiz me on valuation skills. He asked the typical stuff - how many ways are there to value a company, what are they, walk me through them, etc... He asked about ways to determine terminal value in a dcf and started to really get into the weeds of a DCF. In the end, I - stupid me - indicated that there are a few different ways to determine FCF and that using APV is theoretically better because it accounts for a varying capital structure. At this point, the lawyer had no clue what I was talking about, said "this is not how we do it here", and the rest is history.

The take away? Next time, answer questions as directly and succinctly as possible. Don'
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$50m+
Est Annual Revenue

Other Interview Data

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