Case Study: Excel and Python/R coding. A strong understanding of options, bonds, and pricing is necessary. Making the spreadsheet look presentable was also being judged, not just content. Interview: Everyone there was insightful and nice to talk to. They all provided different perspectives about the job and the company as whole. It was great to see that they all had different personalities and that they weren't "the same person" with the same personality. There were basic behavioral questions like "Tell me about yourself", "Tell me about a time you worked in a group", "Tell me about a time where you worked with someone who was hard to deal with", etc. The technical questions were all over the place from probability to statistics to options theory to brainteasers to interest rates. If you have a strong understanding of probability & statistics along with equity, fixed income, and derivatives, these shouldn't pose a problem. As for the brain teasers, explaining your thinking out loud was much better than thinking in silent because they wanted to see how you approach problems and explain yourself than just the solution. The overarching theme was that they wanted to see how you think, not answer basic definitions.
Valuation Associate Interview Questions
1,318 valuation associate interview questions shared by candidates
How have you made an impact at X company?
Which courses you have learnt in school are helpful to prepare you for this position?
- Walk me through a DCF. - What is Beta and why is it important? - What are some way to lower a company's WACC?
1. Walk me through a DCF. 2. What is WACC, how do you find it? 3. When the discount rate increases what happens to the PV of cash flows? 4. Is the Cost of Equity or the Cost of Debt higher?
things about the modeling and valuation skills
About my prior experience related to this role
Derivatives valuation including options and swaps
They asked about my experience in valuation field and technical questions related to valuation
All the questions aside from boilerplate were actual case studies where they create a 'point in time' on the transaction and then ask you to develop an analysis as to what valuation, chain of custody, regulatory, custom documentation, trustee issues etc.. might remain.
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