EM体育采访

I have an interview with an emerging markets focused shop with AUM in the 2.5-3.5 billion range. From what I understand, there will be no modeling test, but definitely questions on finance, models and past experience. I'm beasting my way through Damodaran's class from last semester... including relearning about DCFs andLBOs(even though this shop doesn't do manyLBOs...实际上,杠杆作用是其整体策略的一小部分,因为许多新兴的商标不足以支持LBO)。我还要注意其他事情吗?我应该花时间吗LBOs只是因为它似乎是面包和黄油PE即使这家商店可能不是这样吗?

I'm coming from a pre-MBA general mgmt consulting (i.e. not-PE focused) background, so while I have quite a bit of financial modeling experience, little of it is transactional.

Less importantly, any idea what comp should be like? The position is in Asia for what it's worth. 1-2 years consulting experience.

TLDR:
1.新兴市场PE在terview from consulting background (Pre-MBA)
2。Financial modeling experience but not transactional
3.专注于什么?
4。What comp to expect?

Comments (8

Best Response
Sep 12, 2012 - 4:28pm

From personal experience:
- 即使您看不到传统LBO在EM you should still know how to derive your equityIRR- which is essentially what you're calculating in yourLBO分析
- 尤其是如果您不是来自财务背景,我准备快速地对信封计算(例如现金多重/回报计算),以表明您有一个基本概念,即基金如何评估投资
- 如果您来自经合组织,我希望您对EM和成熟市场的投资之间的差异有一些疑问。您的风险,驱动因素和缓解剂有何不同?
- Maybe it's a personal bias (which I think is shared by many colleagues of mine who came in from banking) but I expect consultants to show some technical preparation or at least show initiative to pick up modelling etc when interviewing for a finance position - especially at the junior level. Seems like you have some experience with modeling which is good but regardless I would not hide behind your consulting experience and make it clear that you are eager to do well with the technical aspect of the job
- 在初级级别(似乎是大型基金),我将专注于职业发展/计划和补偿

Sep 12, 2012 - 4:42pm
kingb:
From personal experience:
- 即使您看不到传统LBO在EM you should still know how to derive your equityIRR- which is essentially what you're calculating in yourLBO分析

I get the multiples part of doing this.... but is it necessary to memorizeIRR桌子?

kingb:
- 尤其是如果您不是来自财务背景,我准备快速地对信封计算(例如现金多重/回报计算),以表明您有一个基本概念,即基金如何评估投资

Got it, thanks. I was more worried about questions like ____ changes, how does this impact资产负债表/income statement/cash flow statement? I really don't have a good understanding of the three statements as yet and can only memorize so many scenarios...

kingb:
- 如果您来自经合组织,我希望您对EM和成熟市场的投资之间的差异有一些疑问。您的风险,驱动因素和缓解剂有何不同?

Interesting, will definitely take note. Thanks.

kingb:
- Maybe it's a personal bias (which I think is shared by many colleagues of mine who came in from banking) but I expect consultants to show some technical preparation or at least show initiative to pick up modelling etc when interviewing for a finance position - especially at the junior level. Seems like you have some experience with modeling which is good but regardless I would not hide behind your consulting experience and make it clear that you are eager to do well with the technical aspect of the job

是的,我已经完成了TTS,并且一直专注于更定量的项目。如前所述...这是您在“做”财务时选择的技能困扰我。例如。三个陈述:如何减少左轮手枪,不同种类的债务及其对模型的影响...

kingb:
- 在初级级别(似乎是大型基金),我将专注于职业发展/计划和补偿

Agreed.

Sep 12, 2012 - 10:22pm

当我采访PEfunds of this size (not EM) with a consulting background, and the interviewers also had a consulting background, it was much more acase interview, i.e. here's the target, what would you want to know in order to evaluate (i.e. what about the market, what financial data, etc) - and then maybe there was a detailed thing to solve for.

我肯定回顾了一个基本机制354manbetx - but I screwed up a couple of financial calculations/intuitions, and it wasn't an issue.

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  • 2
Sep 12, 2012 - 11:33pm
Petergibbons:
当我采访PEfunds of this size (not EM) with a consulting background, and the interviewers also had a consulting background, it was much more acase interview, i.e. here's the target, what would you want to know in order to evaluate (i.e. what about the market, what financial data, etc) - and then maybe there was a detailed thing to solve for.

我肯定回顾了一个基本机制354manbetx - but I screwed up a couple of financial calculations/intuitions, and it wasn't an issue.

Is your shop a consultant-heavy one a la Bain Cap, Golden Gate, Parthenon,MonitorClipper etc.? Unfortunately the one I'm looking at is pretty finance heavy so it might be a little different. I guess determining market conditions etc would allow you to project revenues a lot better, in turn giving you a more accurateDCF

另外,您是否在投资或运营/战略改进方面?尽管不幸的是,该基金确实有一支MBA的运营团队职位。

2012年9月12日至11:37 PM

Consultant heavy, and investment side - pretty much everywhere I interviewed was majority consultant, domestic focused andMM

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Sep 14, 2012 - 2:38am

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