
Greenhill & Co. Investment Banker / M&A Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 40 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at Greenhill & Co..
Investment Banking Analyst
The interview process was quite challenging, really digging into all investment banking concepts. The only two behavioral questions were 'why investment banking' and 'why Greenhill'; otherwise, the first round was purely technical. You should prepare thoroughly on all IB concepts, especially valuation and EBITDA margin, and also some merger math and advanced accounting.
- Can you perform a paper LBO?
M&A Analyst
The interview process started with a 30-minute phone call with Freshminds, followed by another 30-minute Zoom interview with them. Then, I was invited to London for a Greenhill office networking event. The Superday consisted of two parts: first, three 30-minute interviews with Associate and VP level people at Greenhill, and then another three 30-minute interviews with more Associates and VPs.
- When comparing precedent deals and comparable company analysis, which method typically yields a higher valuation?
Investment Banking Associate
The first stage was a 30-minute interview with a VP. It was a pretty straightforward conversation, they didn't make it difficult for me. They mainly asked about my past work experiences and asked follow-up questions. There were some technical questions, but they weren't overly challenging.
- Can you describe your responsibilities in your prior role?
Greenhill & Co. Investment Banker / M&A Analyst Interview Questions
Quoted word for word from Greenhill & Co. interview reports.
“What effect do rising interest rates have on Mergers and Acquisitions (M&A)?”
Read reports →“What are the different ways to calculate enterprise value and equity value?”
Read reports →“Could you explain the difference between EBITDA and cash flow from operations?”
Read reports →“Can equity be greater than enterprise value, and in what situations?”
Read reports →“Can you explain the impact of a $500 million cash acquisition on a company's financial statements?”
Read report →“Given that a company has $500K in senior debt trading at 50% and $250K in sub debt trading at 20%, resulting in market values of $250K and $40K respectively, why does this imply creditors anticipate recovering 50% of the senior debt and 20% of the sub debt, according to BIWS?”
Read report →“Regarding a subscription business, what occurs over a 5-year period with a certain amount of deferred revenue?”
Read report →“When comparing precedent deals and comparable company analysis, which method typically yields a higher valuation?”
Read report →“How would you calculate the Multiple of Invested Capital (MOIC) and Internal Rate of Return (IRR) for a Leveraged Buyout (LBO)?”
Read report →Formats, difficulty and experience
Across all 40 Greenhill & Co. interview reports.