點樣入Private Equity? Interview Questions and Answers

Private Equity Interview Questions and AnswersCategory #1: Fit / Background: Why private equity? What do you know about our firm? What are your long term goals, and how do we fit in? What are your strengths and weakness?Category #2: Market/Industry: Which industries do you find interesting? Which companies would you invest in? Which markets do mainstream investors view incorrectly? What makes a market appealing or not appealing?Category #3 Technical Questions: 這類問題跟investment banking interview的題目相似, 不過佢地更加講求critical thinking, 例如會請你比較兩間growth profiles和margin相似既公司, 再講出對Investment profiles既影響Category #4 Deals/Clients: 你會有1-2個deal/client experiences – explain what you did, and point to the value you added – 例如請你喺due diligence既過程找出錯誤之處, 或者請你position your client從而吸引更多新客Category #5 Case Studies and Modeling Tests – Modeling test 為時約30分鐘至1小時Types of Modeling TestsVery Quick test: 在30分鐘內用紙筆建立a simple LBO modelIntermediate test: 在1小時至3小時內, 用Excel建立一個real LBO model, 例如cash flow-only modelTake-Home test: 做一份real investment thesis – 要列出risk factors, 相關既industry knowledge等 – 貴精不貴多, 與其建立一個複雜既model, 倒不如花時間更深入了解個industry, 再建立個solid thesis