Month of Interview:
October
Industry Detail:
Equity Research
How long did the interview process last?:
2-3 months
1st Year Associate
Group/Division/Type:
Metals and Mining
What did the interview consist of?:
1 on 1 Interview
How did you get the interview?:
Applied Online
What were the most difficult or unexpected interview questions asked?:
Most difficult was the excel valuation, they provided financial data on three companies and asked you to populate a comparable metrics table, which was not too hard. In the second part, they provided 5 years of financial data and asked you to forecast an integrated 3-statement model 5 years forward. This part was a bit confusing because the debt repayment schedule was staggered a bit. Then they asked you to write about the financial health of the company, whether you would recommend a buy or sell etc. The valuation test was 3 hours long.
No votes yet
Overall, how would you describe your interview experience?:
Positive
Please describe the interview / hiring process.:
First interview was with an Analyst and an Associate, 2nd round interview was with two analysts, third round interview was a valuation/excel test and then 1-1 with the MD and Business Manager.
Overall, how difficult was the interview?:
Difficult
Official Undergrad School Name:
Overall Undergrad GPA:
3.1
Undergrad Class Year (or expected):
2016
Official Graduate School Name:
Overall Grad GPA:
3.8
Grad School Class Year (or expected):
2018
Degree 1:
Eng
Major 1:
Petroleum Engineering
Varsity Athlete:
No
Millitary Program (ie. ROTC):
No
Race:
Other
Sex:
Male
Outcome of Interview:
No Offer
Year of Interview:
2018
How did you answer each of these questions (please be specific)?:
The comparables table was not difficult to figure out, the standard ratios like p/e, ev/ebidta, p/cf. The tricky thing here was that some companies provided info in USD and some in CAD, they provided an exchange but you had to be careful to standardize your reporting. The 3-statement model was not very complex but it was hard for me to get my balance sheet to balance, I populated the income statement and cashflow statement properly but I don't think I accounted for non-cash expenses correctly on the balance sheet and ti was difficult to get things to work out.
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