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เข้าร่วมเมื่อ 7 พ.ย. 2022
Breaking Into Private Equity From a Non-Target School (How to secure an interview)
Breaking Into Private Equity From a Non-Target School (How to secure an interview)
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Private Equity and Venture Capital Investment Recommendation
มุมมอง 4815 หลายเดือนก่อน
For more Career and MBA related content, follow: @ZiadLearns
Investment Banking - Finance Technicals Mock Interview
มุมมอง 121Kปีที่แล้ว
For more Career and MBA related content, follow: @ZiadShares In this video, Ziad and Devon cover the most commonly asked Investment Banking technical questions
Consulting Case Interview by Bain Associate Consultant
มุมมอง 28Kปีที่แล้ว
For more Career and MBA related content, follow: @ZiadShares In this video, Rhea (a current Bain Associate Consultant) goes through a full Case interview. The question involves both a market entry and market sizing situation. We go through all parts of the case here from: 1) Introduction and Prompt 2) Framework 3) Analysis (Sizing Brainstorming) 4) Conclusion
Behavioral Mock Interview (Jobs and Internships)
มุมมอง 2.2Kปีที่แล้ว
This video shows a sample mock Interview that covers the most common questions asked in a behavioral interview. More specifically, we cover: 1) Tell me about yourself 2) Why do you want to work for us 3) Talk about a time when (with variation) 4) Questions to ask at the end of the interview
The current market/economy is unnecessarily tougher for boomers/senior citizens, I’m used to just buying and holding assets which doesn’t seem applicable to the current rollercoaster market plus inflation is catching up with my portfolio. I’m really worried about survival after retirement.
Just buy Gold, the government has failed us or try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.
Indeed, gold proves to be a strong investment and a reliable hedge against the declining value of the dollar. I've held onto some gold for quite some time, and I'm thankful that my advisor's rapid adjustments to market fluctuations have likely prevented significant losses.
Please can you leave the info of your lnvestment advisor here? I’m in dire need for one.
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
I just checked her out and I have sent her an email. I hope she gets back to me soon.
LaMonica’s isn’t that good compared to New York city pizza….it’s passable at best. Orlando not too bright
First of all in this case studies we have to study the feasablity like the injections for an headache would be a vague idea we have to know how many people will be ready to take this injections through a test market research anaylysing how many people are intrested in taking injection or a pop in pill would be better the analysis has to be done prior to the launch in a feasablity test on studying the market demand is important for a product test is reccomended how ever i suggest an idea of pop in pill where nano bots enter your body and take control however a comphrehensive study is required to solve this problem over your migrane that is more feasiable and viable for creating a market demand for your product the injection market is to be doomed in the future according to the recent study however its advisable for a client to change the trajectory of the product to be in the market place RBM consult
Good but the figures are so off 😅
Lmao literally no real life interview in IB revolves around "YO SHOW ME HOW MUCH YOU CAN REMEMBER BY TELLING ME THE FORMULA FOR XYZ" Second half was better
Awesome😂, awesome😂, migraine market, awesome😂. Instant pass on hiring.
The number of times she says awesome, it’s very hard to focus on anything else in the beginning.
Her approach is awesome, but she uses ‘awesome’ too often
This was honestly very helpful.
oh my god the interviewer is so mean
A company you admire? GREAT QUESTION. Couldn't be more cringy
Investment bankers recruiting through a youtube video marketed to the public is hilarious. The economy is so upside down that investment bankers are asking the common man if they have any ideas. They will take advantage of you.
Investment bankers recruiting basically through a youtube ad. Times are tough😂
No one will hire you based on regurgitation of formula. This is a choreographed vocab test. They are trying to encourage people who know nothing to get into the field. When fields are suffering they do not recruit people who are intelligent in the field, they’ve already tried that. They are now recruiting regular people who would have never had a chance in the field with the shiny optimism of “this is a job above your caliber that you can get if you do the bare minimum but this is a job you might not have gotten otherwise but we are desperate” then when you get it, they treat you like a slave.
She did a great job 😊
Where is the Top Down Approach?
She does talks about market size, competition, price elasticity, us population, people suffering from headaches, total no of patients, injections per patient. So isn’t that top down approach?
Operating Income * (1 - Tax Rate) does not equal Net income. You have not removed Interest Expense, so the figure represents Net Operating Profit After Tax. You gave 75% of the Levered Free Cash flow formula, which you also did not clarify during your explanation. If you are working from Net Income to LFCF, you also need to remove mandatory debt repayments. The formula, under your definition, would be Net Income + Non - Cash Expenses - Capital Expenditure - Changes in Net Working Capital - Mandatory Debt Repayments. Levered Free Cash Flows do not represent your cost of equity. Levered Free Cash flow represent the amount of free cash flow generated for equity stakeholders in a company. If you are using LFCF in the context of a DCF, it is giving you something closer to Equity value after summing up the years of generated cash flow and discounting them back to PV. WACC, by your own definition, equals COE + % of Equity + COD * % of Debt *(1 - Tax Rate) + COP * % of Preferred shares. The reason it makes no sense for a private company is because you A.) don't have a Beta, and B.) You do not have information pertaining to a company's capital structure. "Market Capitalization" would not be the missing factor for a private company. Enterprise Value does not represent the entire value of a firm. TEV is a holistic valuation approach inclusive of both Debt and Equity shareholders, but is only representing a companies Net Operating Assets. Enterprise Value excludes Non-Operating Assets, such as Cash and Financial Investments, as well as Non-Operating Liabilities, such as Debt. I think conceptually what you are doing is fantastic and is helpful for people who are trying to understand the format of an interview, but there are some serious errors that should probably be addressed in the responses to the questions provided.
she's so eloquent!
welp im screwed
These comments saying this is easy geez… I forgot all this stuff one year out of school 😂😂
where can we see the written guide ?
I wish they would ask easy questions such as this at interviews lol
what did they ask you?
I’m cooked
Do you learn these things in an internship? Or is this personal studying
That's very basic stuff that you should know before applying for your very first job
@@MrMDannycorrect. FCF should be learned in a introductory finance class and enterprise calculations in a intermediate finance/corporate finance class.
FCF is something not one single person in industry won’t know perfectly as it is a very simple concept and there are a couple of ways to calculate it, varying depending on the situation.
I’m currently a freshman, I took this financial accounting course series on EdX by Cambridge, and a ton of this stuff was actually discussed in this interview, which felt really rewarding for me because it’s the first time I’ve seen my time spent on that actually pay off. I took it because I’m in the loop with an investment research firm, and they do a lot of accounting statement research stuff. Hope I made the right decision lol
I learnt this in my BSc. in engineering management undergraduate program. The course's name was Corporate Finance.
Great channel
Good luck, a really good youtube channel
go start a business people. stop studying how to be a slave to someone else
Business failling rate is way too high. Markets are very concentrated at this point
Starting in finance is prob one of the best careers before becoming an entrepreneur
This is way harder than IB 💀
Im majored in finance now working in credit risk. I dont know all formulas off the top of my head but knowing how to use excel is the key. Most of your work will be on a computer, if u cant remember google that shit
u work in credit risk buddy 😂😂 none of these questions are einstein level math formulas they're formulas based on financial intuition. knowing these answers is moreso just a signal that you know basic financial shit. i garuntee you ibankers will remember free cash flow formulas until they die.
You can not have negative equity value? What if the company is a Microcompany (entrepreneurship) and there is cumulated losses? 👀
It is defined as no of outstanding shares times the price of a share. Even in cases of startups, despite them burning cash and incurring losses, the share price is never negative. A neg share price would mean that the company is actually paying you money for owning their stock/company. Remeber valuation is not just about how much you have earned in the past or in the present but also about the future. Startups may be in losses at present but they have great growth potential.
You actually can have negative equity (book value), however not market capitalization value. Now, Boeing is an example of negative equity ( book value).
This guy interned at Goldman for 3 months and put “ex-Goldman” on his LinkedIn… lol ib interviews aren’t this easy…
Did he get the job? I’d have hired that cat no issues.
i think this is really a nerdy thing
Beta measures risk not volatility
the question wasn’t what it measures though?
Its a correlation not necessarily volatility @@carterhughes683
Are these seriously what they ask such CFA lv 1 Corp fin/equity question? I would be acing every bit of it giving a better answer than the guy.
No one asks this
He's a business man doing BUSINESS
All this is answerable by Advanced AI goodbye banking jobs finally
I think you haven’t worked in banking. Relationships and trusts are just as important, if not more important than precise calculations. I don’t think investment banking will go away ever.
Everything can be automated with AI, given enough R&D dollars are poured into it, including your tiny typing computer job, little buddy.
Interview? Damn this is an exam. 😂😂 f that job
Bro just go be a plumber make tons of cash, can’t be automated , work for your self and no student loan debt and best of all no business casual
IB opens way more exit opportunities and is a lucrative career. Getting into IB and not being kicked out = set for life pretty much.
It is not called net income after you subtract tax. It is NOPAT.
Literally the same thing. There’s more than one word to call it
Net income is the income after paying out interest expense, right? Here he just subtracted the tax. @@thetwoboyz4542
I thought this was a parody at first , do they actually ask such simple questions? I learned 3/4 of this in one course
@@Godbullet98😂😂😂
Wow. Pls I'll like to know which course that was @joshgeorge5921
Most bullshit job on earth. They expect their candidates to know everything.
Too much mumbo jumbo… if you can explain it to a 5th grader it’s pretty much meaningless information
The candidate is perfectly showing how to be good at fake at something you are not. So people know you are faking it😂
He answered the questions fine wdym? This is coming from a finance major
No true interviewer will ask question from an ipad😂😂😂
MEMORY
What is a DCF and IRR. What is exotic option.
Discounted Cash Flow and Internal Rate of Return
What did he mean with his answer in the levered vs unlvrd cashflow question?
There’s 2 things to remember here: Levered cash flows change based on the capital structure of the firm because it assumes the firm uses x% of leverage. Also, there are only 2 real costs (excluding preferred shares): the cost of equity and the cost of debt. Once the cost of debt is covered (your interest expense), all other cash flows get returned to equity. This is what makes the use of leverage so powerful. Thus, in calculating levered free cash flows, you are splitting the CFE & CFD burdens, lessing out the cash flow to debt, and ultimately being left with the cash flow to equity, which then is discounted using the cost of equity.
@@Viipxzcheers! So for lvrd cash flow we just deduct interest expenses from out fcf - Or anything else as well?
@@lp9760 the FCF and LFCF formulas are actually a little different. FCF, as you know, is EBIT(1-t) + D&A - change in NOWC - CapEx. For levered free cash flows, the formula is EBITDA - change in NOWC - CapEx - Mandatory Debt Payments. Therefore, it is very similar to FCF, but you don’t include the tax burden after lessing interest. This means it shows the free cash flows after all mandatory expenses have been made (and thus it is cash flow to equity).
Using unlevered free cash flow in a DCF uses WACC as the discount rate and spits out enterprise value. Unlevered free cash flows are earnings available to all investors in the business, shareholders and creditors so a DCF using unlevered cash flows will yield enterprise value. Levered free cash flow is just unlevered cash flow - debt service (interest expense), which represents earnings available only to equityholders because debtholders have already been paid. Accordingly, you use the cost of equity as the discount rate and get equity value rather than enterprise value as the final result.
Softwares answers all the formula questions so not sure why ask this off-hand. It should be assumed one already knows how to calculate based on their credentials. Analysis of companies based on the available data type of questions makes more sense.
Why is knowing this off-hand considered useful?
Because it's off-hand
it’s a D measuring contest