Interview Question

Restructuring Group Interview New York, NY

How would you calculate the beta of our stock?

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Interview Answer

1 Answer

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Trick question of sorts, because if you were really on top of your stuff you would have checked the quoted beta of Evercore stock prior to the interview on Yahoo! finance. If you didn't do that (as I did not) you must be comfortable enough to pause for a moment and ask them questions, such as "what percentage of your business is M&A and what % is restructuring?" Of course, restructuring will be negatively correlated to market returns, so when the economy sucks, restructuring business is great, etc. But, M&A is positively correlated to the economy. So, the interviewer is really looking to see if your brain works.. not necessarily that you came up with the correct answer on the spot as if you were a walking Bloomberg terminal.

Interview Candidate on Nov 3, 2011

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