Fast-paced with lots of situational questions.
Second part more technical.
A lot of room for Q&A at the end.
Had a few people rotating in the room.
Being asked to come back for a case study that they will provide closer to the day.
I had various phone calls with different employees at the firm. Most of the phone calls tried to gauge who I was and what time of previous experience I had.
Interview questions [1]
Question 1
Personal background, exposure to PE, Why their company?
I applied through an employee referral. I interviewed at Milestone Partners (Philadelphia, PA) in Jul 2014
Interview
I got this phone interview opportunity through networking. This initial phone screen only takes 16 minutes, but it covers a lot. Firstly, I was asked to walk though my resume. Secondly, I was asked why do I choose private equity firm. Thirdly, I was asked a few technical questions, which you can see in the most difficult question part. Fourthly, I was asked where I am originally from and whether I mind moving to Philadelphia. Fifthly, I was asked what I like doing when I am not at school. Finally, I am allowed to ask any question.
Interview questions [1]
Question 1
Among DCF, Trading comps, Comparable comps, which derives the highest value result, and which derives the second highest value result? Why?