Private Equity
- 701
- questions
New to this? Read the lessons first. 6 tracks, in the order to learn them.
Open LearnDrill sets9 sets
- All topics701 questionsMixedEvery topic in one set, shuffled, the way a real interview jumps from your story to a DCF to a market question.Sign in to save scoresStart this set
- Behavioral, HireVue18 questionsInsight HireVueThe recorded first round for insight and sophomore programs.Sign in to save scoresStart this set
- Behavioral140 questionsBehavioralsYour story, why PE, why this fund, and the questions that test judgment and temperament.Sign in to save scoresStart this set
- Behavioral89 questionsDeal walkthroughsWalk through a deal or your own experience as an investor would: thesis, price, risks, what you would change.Sign in to save scoresStart this set
- Modeling116 questionsLBO mechanicsSources and uses, debt tranches, cash flow, returns math, and how each assumption moves IRR.Sign in to save scoresStart this set
- Modeling93 questionsPaper LBOsTimed mental LBOs with pen and paper: entry, paydown, exit, MOIC, and IRR without a spreadsheet.Sign in to save scoresStart this set
- Technicals131 questionsInvestment judgmentWhat makes a good business, diligence, risks, value creation, and exits.Sign in to save scoresStart this set
- Modeling64 questionsCase studiesTake home and in person cases: building a model in two to three hours, what to include, and how to present it.Sign in to save scoresStart this set
- Markets68 questionsMarkets and sectorsCredit conditions, deal activity, sectors you would invest in, and why the market cares.Sign in to save scoresStart this set
More ways to practice
- Cases16 cases played step by step, with exhibits, the math, and a model answer. The first is free.
- Speed drills1 timed math drills, new problems every run.
- Voice mockAn interviewer asks out loud and you answer out loud.
- Timed interviewsA screen, a first round, and a superday on the clock, scored at the end.
- Modeling testsBuild the model in a sheet against the clock.
- Terms90 Private Equity terms, each with a worked example.
- Company sets17 firms, how each one interviews and what it asks.
How the interview runs4 stages
- 1ApplicationResume and transcript. Undergraduate programs screen hard on school and prior internships.
- 2First roundAssociate or VP. Why PE, deal or internship walkthrough, LBO mechanics, what makes a good LBO target.
- 3Superday and caseA paper LBO or a timed modeling test, an investment judgment case, and fit with partners.
- 4OfferFast. Often same week.
What gets askedShare by topic
- LBO mechanics and returns35%
- Investment judgment25%
- Fit and deal walkthroughs30%
Read next
- Timeline for PE Recruiting - Straight out of UndergradHow undergrad PE analyst recruiting is timed against the banking cycle.WSO
- (Non-MF) PE Firms that take undergrad internsA crowd sourced list of middle market PE firms that run undergrad internships.WSO
- Undergrad PE Recruiting ResourcesPrep materials and firm lists for students targeting PE analyst programs out of school.WSO
- Mergers & Inquisitions: private equityMergers & InquisitionsThe recruiting timeline, headhunters, and what an LBO case looks like.