Howdy all, I was just tapped to interview for an RX consulting role, coming from an FP&A/Accounting background.
My experience has been very forecasting and business partnering heavy with a surprising amount of accounting involved for the last few years. The firm I’m interviewing at is pretty well known in the RX space and supposedly values accounting and FP&A experience in candidates. But, having no background in transactions, banking, etc, I’m feeling woefully under-prepared for these interviews. I am not a CPA nor do I have an MBA.
What should I study up on, and how should I frame my current 3-statement modeling, balance sheet management, business planning, and internal reporting experience for a RX role? I was advised to be prepared for a moderately technical interview, and I hardly know anything about the restructuring process let alone the consulting firm’s place in that process.
FWIW I’m at the finance manager level at a mid sized tech company (post acquisition) interviewing for a senior associate corporate finance RX role.
Thanks in advance.
Sounds like you already have the basics down pat. In my experience, they may ask at a high-level some questions regarding 3-statement models, FP&A/working capital forecasting, and other accounting-related items; however, the vast majority of my interviews revolved around identifying early indicators of distress and being able to walk through a 13-week cash flow model from head-to-toe. If I were you, I would be googling/memorizing every early-warning-sign of bad debt and building multiple 13-week models from scratch - that should get you good to go!
(Received Rx offers from A&M, BDO, GT, and FTI).
How are the interviews at A&M and FTI for RX/PEPI? Are the questions mainly around rx or was it more like a strategy consulting type interview with heavy case study?
Not like a consulting interview at all. Like I said above, there was some basic finance/accounting questions; however, the majority of every interview was A) talking through my work experience and how it was relevant; B) early warning signs of debt debt; and C) 13-week cash flow model questions.
For A&M I also had to build a linked 3-statement model (to prove I wasn't BS-ing about my technical background) that I had a time limit to complete.
Et porro hic architecto sed. Commodi corporis est voluptatem eos id praesentium totam nihil.
Accusantium excepturi at placeat ipsum et corrupti cupiditate. Inventore est voluptatem laborum eius quia natus praesentium. Sunt voluptatem quis aut voluptatem dicta dolorem. Quo eum totam eum voluptatum ut et.
Neque voluptatem excepturi nisi quis modi doloribus. Architecto non est labore qui delectus. Consequatur voluptas deserunt mollitia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...