Lateraling - what to expect in interviews
Looking to lateral here within the next few months, culture in my group is absolute shit and I can't see myself staying here much longer.
Any monkeys out there who are going through the lateral process / went through it recently? I'm trying to prepare myself as much as possible for interviews, curious on what to expect. Any insight on number of rounds, format, types of questions asked, modeling tests, etc would be greatly appreciated.
Thanks in advance!!
Went through a couple recently. Less about the 400Q type of questions but more focus on your deal experience and they ask technicals off the back of that. Also a big emphasis on why you’re looking to move/leave your current firm. Expect more technicals if the firm is boutique / MM.
In terms of tests, I’ve had DCF and 3 statement model that are 1-1.5 hours (forecast assumptions all given).
The number of rounds I’ve had are around 5, with the last round comprising of back-to-back interviews (e.g., 30 mins with 1 senior, and another 30 mins with each of the 5 other seniors, etc.). Bit overkill tbh but think the market is pretty bad atm. Had one process that was supposed to be 3 rounds and it ended up going to 6, and the expectations they had were very high as well.
Damn that's a lot more than I figured, appreciate you sharing. 5 rounds is def overkill, are they mostly technical rounds or half behavioral? Would you mind sharing an example question on what you get asked regarding your deal experience?
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