I applied online. The process took 2 weeks. I interviewed at Scotiabank (Houston, TX) in Mar 2023
Interview
First round followed by superday. super crunched together not much time to prepare. just need to know basic finance nothing complicated, normal behaviourals. I didn't practice my technicals before i know i botched one question, practice of the standard valuation questions (DCF walkthrough, 3 major valuation types), accounting processes, financial statements and EBITDA questions, and basic LBO questions.
Interview questions [1]
Question 1
3 strengths one weakness, hobbies I have, who is going first overall in fantasy football this year Walk me through a DCF, $10 loss of PP&E how does this affect statements, what happens to EBITDA after $100 debt writedown
They first ask you to do a HireView and then call you for an interview which is a mix of behavioral and technical questions. They also ask you about yourself and the company.
General behavioural questions, and some questions relating to the specific industry, in my case Energy IB. Otherwise all standard IB questions that you can find on the WallStreetPrep Red Book.
Interview questions [1]
Question 1
Why upstream oil and gas? What are your projection for oil?
First was a screening call with HR. Asked about my previous experience and why I was interested in the role. Next round was two half-hour interviews with two directors and an associate in each panel.
Interview questions [1]
Question 1
If company A has a higher P/E than company B, is the acquisition accretive or dilutive?