I applied through an employee referral. The process took 2 weeks. I interviewed at RBC (New York, NY)
Interview
1. Phone Screen for 30 minutes
2. Day 1: Four Interviews, 2 Seniors / 2 Junior Bankers
3. Day 2: Eleven Interviews, 8 Seniors / 3 Junior Bankers
- Overall the process was very effective and simple. Received a call/email in 4 day or less notifying about the next stage and results.
- Received offer; negotiation was very congenial. Final result: accepted it and now enjoy it.
Interview questions [1]
Question 1
- Walk through: DCF, LBO
- Rank by order of Cost of Capital and explain the rationale: Debt vs Equity vs Cash?
- How would you value a non-revenue generation business?
- What is the difference between NPV and DCF?
- Which is higher EBITDAx or NIx, why?
- How do you calculate unlevered beta, and why do we care about it usually?
- Talk about SOTP valuation analysis
- Discuss levered vs unlevered valuation metrics
- Why RBC (vs other banks)?
- Why Investment Banking (coverage group) vs other coverage / product groups, and also vs other non-IB opportunities out there (e.g. consulting, etc.)?
- Where do you see your self in 3 / 5 / long-term?
- What is your management style?
- Describe a situation in which you had to pacify a situation in a professional setting
- Describe a situation where you under-performed
- What do you look for in a new job?
- Describe a situation where you were under a tight deadline with minimal supervision on something important
- What do you do for fun?