【海归求职】面试真经
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【海归人才网】面经|如何回答“Where Do You SeeYourself in 5 Years?”这类问题也是面试中很常见的。
千万不要回答“五年后我要在某个异国他乡的漂亮海岛上做一个millionaire”,尽管这是也许是你的真心话,但这可不是recruiter想听到的答案。
那到底该如何回答呢?Why is this question asked?The reasoning behind this question is actually quite simple. The interviewer wants to find out about your career goals and whether you will commit to thecompany.If you are interested and motivated about the role then you are more likely to succeed. The more you are driven to succeed, the more you are likely to stay at the company. A company may have to spend huge amounts of time and money training you so they want their investment to stay. It is a very competitive job market out there today and it is quite easy to fill a post. So interviewers are usually going to strike you off as soon as they spot any thing they don’t like in your interview.What should you say?Keep your answer quite general. You are not expected to be a psychic so it is best to be as general as possible. Also if you are too general then it can back fire on you. First of all if you aim too high such as ‘I aim to be earning $150,000’ then you run the risk of seeming naïve or arrogant. And if you aim too low then you may seem like you have no ambition which looks just as bad.Show you want a long term careerYou need to show the interviewer that you are interested in a long term career at the company. So that your skill set can grow and hopefully you can advance through the ranks. Enthusiasm You have to make it clear to the interviewer that you are excited about this role. You are motivated to take this role right now.For Example: 一个很好的例子‘I am really motivated to take on new and exciting opportunities at a company where I can grow. I would like to gradually take on management responsibilities and get involved in more complex projects. The most important thing for me though is to work for a company where I can build a career.’What not to say?Whatever you do, don’t tell them that you’re not sure what you are going to be doing. It gives them the impression that you are not sure of your career path.Don’t tell them that you are planning on going back to University either.They are looking for someone to have a career; not someone ready to go back to University. It gives the impression that you are not willing to commit to a career at the company. This can seem like a harmless question butit is quite important so take the time to figure out some of your career goals.If you have an idea of what your career goals are then you will be able to adjust your question to fit any situation.文档来源:专业留学生海归求职培训辅导机构海归求职网AceCareer。
【海归招聘】面试真经• 投行篇2 | 一网打尽所有投行面试涉及的行业知识Technical + Soft Skill!投行内部行业知识问题大汇总Why Investment Banking1、I see you’ve worked mostly in wealth management before –why are you looking to switch into banking now?I want to understand the bigger picture and how and why large companies make decisions rather than just working with individual investors. Working on transactions and making an impact is more interesting to you than giving individual advice to high net worth individuals (or institutions).2、What’s your greatest fear about investment banking?Do not give an actual, legitimate fear (losing your friends/significant other, gaining weight, working too much, hating your life, getting laid off, etc.). Instead, it’s best to go with something more innocuous like, “Doing a lot of work on deals and not always getting to see them through to the conclusion because anything could cause a large transaction to collapse” or having concerns about the deal f low if the market is poor.3、That guy over there is from Wharton/Harvard/LSE and has perfect grades –why should I hire you over him, given that you’re much less impressive?Bankers hire people who 1) Are smart 2) Can do the work and 3) Are likeable. In ad dition to meeting all of those criteria, you’ve also done well in the real-world and have stellar recommendations to back you up –plus, since you don’t come from a “bluechip” background you’re more motivated to succeed than the Harvard guy.‘He does have impressive credentials. But at a bank, you want someone who’s smart, can do the work, and is easy to get along with. I’ve done well in school and am working on an Honors Thesis right now, and I have great recommendations from my 2 previous bosses in my Sales & Trading internships. And I spend most of my free time sky diving and going on adventures in different countries. So while he may bequalified on paper, in banking it all comes down to real-world experience and what kind of camaraderie you have with ev eryone. I’m confident that I excel in both of those areas –and since I’m not from a privileged background, I’m even more motivated to succeed than someone who is.’Understanding Investment Banking1、Can you tell me about the different product and industry groups at our bank?This one is bank-dependent and will differ for boutiques, middle-market firms and bulge brackets – so you need to research it before your interview.Common product groups include Mergers & Acquisitions (M&A), Leveraged Finance (LevFin) and Restructuring; you could also consider Equity Capital Markets and Debt Capital Markets “product groups” but that one is debatable.Common industry groups include Healthcare, Retail, Industrials, Energy, Natural Resources, Financial Institutions, Gaming, Real Estate and Technology, Media & Telecom (TMT).Not all banks are structured this way – Goldman Sachs, for example, does not have product groups and instead handles all types of deals in its industry groups. A lot of boutiques focus only on M&A and/or Restructuring and ones that are small enough are not even split into industry groups.2、What’s in a pitch book?It depends on the type of deal the bank is pitching for, but the most common structure is:1.Bank “credentials” (similar deals they’ve done to “prove” their expertise).2.Summary of a company’s options (“strategic alternatives” inbanker-speak).3.Valuation and appropriate financial models (for example, if you’re pitching foran IPO you might show where the IPO proceeds would go).4.Potential acquisition targets (buy-side M&A deal) or potential buyers (sell-sideM&A deal). This is not applicable for equity/debt deals.5.Summary and key recommendations.Discussing Transaction Experience1、Walk me through one of the deals listed on your resumeExample 1 (A sell-side M&A deal):One of the deals I worked on was the sale of a $1 billion market cap consumer retail company. They specialized in food and beverages and sold to the US and European markets. Their revenue was around $800 million with $200 million EBITDA, growing at around 5% per year. They were interested in selling because of a string of recent acquisitions in their market, and felt they could get a premium valuation. They engaged us to run a broad sell-side process with financial and strategic buyers.Example 2 (IPO):One deal I worked on was the $200 million IPO of a Chinese Internet company on the Hong Kong stock exchange. They had revenue of around $50 million, EBITDA of $10 million, and were growing very quickly, around 50% per year. They were going public to raise funds so that they could expand beyond China and get into other markets, and we were the lead underwriter on the deal.Brain Teaser Questions1、What is the angle formed by the hands of the clock when it is 1:45?142.5 degrees. If we just think of the clock hour hand at 1 and the minute hand at the 45 position (near 9 o’clock), that is 120 degrees since they are 4 “numbers” apart, and each number on the clock represents 30 degrees (360/12).However, recall that the hour hand has already moved by the time the minute hand has reached the 45 position –it is now closer to 2 o’clock. 45 represent ¾ of an hour, so the hour hand will have moved ¾ of 30 degrees, or 22.5 degrees. If we add them together, we see that 120 + 22.5 = 142.52、You have a hose along with a 3 liter bucket and a 5 liter bucket. How do you get exactly 4 liters of water?First, fill the 3 liter bucket and pour it into the 5 liter one.Then, re-fill the 3 liter bucket and pour it into the 5 liter bucket until it’s full – that leaves 1 liter in the 3 liter bucket and 5 in the 5 liter bucket.Then, pour out the 5 liter bucket so nothing is left and pour the 1 liter of water from the 3 liter bucket into the 5 liter bucket. Finally, fill the 3 literbucket completely and pour it into the 5 liter bucket – since it already has 1 liter of water, you’ll get exactly 4 liters.。
海归面试自我介绍尊敬的面试官,您好!感谢您给予我这次面试的机会。
我是一名海归,有着丰富的海外学习和工作经历。
在接下来的自我介绍中,我将重点介绍我的教育背景、工作经验以及我的技能和特长。
首先,我完成了本科学业,并在海外获得了硕士学位。
我的专业是国际商务管理,这一专业培养了我的国际化思维和商业技能。
我在学校期间参加了许多国际商务课程,并通过参观不同国家的企业和参与国际商务竞赛来增加自己的实践经验。
这些经历使我对跨国企业运作和国际市场有着深入的了解。
其次,我有着丰富的工作经验。
在留学期间,我曾在一家知名跨国公司的实习部门工作,负责市场调研和竞争分析。
这段经历使我熟悉了市场研究方法和数据分析工具,并培养了我的团队合作和沟通能力。
此外,我还参与了多个商业项目,包括与不同国家的企业进行合作洽谈和市场拓展。
这些经历锻炼了我的项目管理和商业谈判技巧。
在回国后,我加入了一家国际贸易公司担任市场经理一职。
我负责市场推广和销售,主要负责拓展海外市场和管理销售团队。
在这个岗位上,我积累了丰富的市场营销经验,并获得了很大的成功。
我的团队在我的领导下,成功签署了多个大型合同,大幅提升了公司的销售额和品牌知名度。
除了我的学历和工作经验外,我还具备一些重要的技能和特长。
首先,我精通多国语言,包括英语、法语和德语。
这使我能够更好地与来自不同文化背景的人员进行沟通和交流。
其次,我具有出色的计划与组织能力。
在我的工作中,我经常需要制定详细的市场计划和销售策略,并且有效地组织和管理团队。
此外,我还拥有扎实的数据分析和商业谈判技巧,能够快速分析市场和竞争情况,并作出准确的决策。
最后,我还拥有良好的团队合作精神和领导能力。
在我的职业生涯中,我一直与不同背景和专业的人们合作,并通过协作实现了共同的目标。
我相信能够带领团队取得成功,并在一个积极合作的工作环境中展现最佳的工作能力。
感谢您耐心地听我介绍自己。
我相信我的学术和工作经验,以及我所掌握的技能和特长,使我成为一个适合贵司工作的优秀候选人。
【海归招聘会】面试攻略丨让“自我介绍”无懈可击的小技巧自我介绍也被称为"面试第一问"。
在自我介绍中,面试官可以借机考察应聘者的语言表达能力、应变能力;应聘者也可以主动向面试官推荐自己,展示才华。
自我介绍的时间一般为3分钟左右,有些外企仅为1分钟。
在如此短的时间内,毕业生如何"秀"出自己呢?该做哪些准备?有什么问题值得注意?我们专门采访了一些实例,希望能给大家提供一些就业指导。
案例一:如何把握时间研究生毕业的小刘很健谈,口才甚佳,对自我介绍,他自认为不在话下,所以他从来不准备,看什么人说什么话。
他的求职目标是地产策划,有一次,应聘本地一家大型房地产公司,在自我介绍时,他大谈起了房地产行业的走向,由于跑题太远,面试官不得不把话题收回来。
自我介绍也只能"半途而止"。
技巧一:一分钟谈一项内容自我介绍的时间一般为3分钟,在时间的分配上,第一分钟可谈谈学历等个人基本情况,第二分钟可谈谈工作经历,对于应届毕业生而言可谈相关的社会实践,第三分钟可谈对本职位的理想和对于本行业的看法。
如果自我介绍要求在1分钟内完成,自我介绍就要有所侧重,突出一点,不及其余。
在实践中,有些应聘者不了解自我介绍的重要性,只是简短地介绍一下自己的姓名、身份,其后补充一些有关自己的学历、工作经历等情况,大约半分钟左右就结束了自我介绍,然后望着考官,等待下面的提问,这是相当不妥的,白白浪费了一次向面试官推荐自己的宝贵机会。
而另一些应聘者则试图将自己的全部经历都压缩在这几分钟内,这也是不明智的做法。
合理地安排自我介绍的时间,突出重点是首先要考虑的问题。
案例二:千万别太做作小芳去应聘南方某媒体,面试在一个大的办公室内进行,五人一小组,围绕话题自由讨论。
面试官要求每位应聘者先作自我介绍,小芳是第二位,与前面应聘者一句一顿的介绍不同,她早做了准备,将大学四年里所干的事,写了一段话,还作了一些修饰,注重韵脚,听起来有些押韵。
【海归找工作】面试经验分享| 如果你也遇到“扒皮”面试官2014年9月保研至人大财金,入校不到一个月就被北京学校浓厚的“上进”气息震撼;校园生活不再像本科,除了上课,平常和朋友们吃吃喝喝逛逛街,优哉游哉;大家每天基本都是穿梭于学校与各种北京商业繁华区的高大上公司之间;而我,也加入了实习大军……曾在互联网金融公司、信托公司、会计师事务所实习,今年夏毕业,拿到多家金融企业offer,最后选择招商局金融集团。
01每只找工作的学生狗,简历上都免不了实习经历,不论长短,不管好坏,总归是要有的;除非你年年拿国奖,或能拿出几篇高级别的论文,才能骄傲地跟面试官说”老娘的重心都放在学术研究上了“,不然总会战战兢兢,生怕因为实习经验不足,被其他人比下去。
02回顾自己的几份实习,的确是为我找工作助力不少。
作为一名保险专业的学生,时时会受到各种金融机构(包括保险公司)的歧视。
银行:“你学保险的,为什么要选银行?”基金公司:“你觉得你报的这个岗位跟你的专业有什么关系?”我:”额……这……”此时只有我自己能听到自己内心的独白:干嘛质疑我们专业,我就是比金融专业的学生多学了一门保险。
03内心独白是从不敢说出口的,能做的就是举出自己的实习经历,告诉这群无知的人类:老娘也有非保险公司的实习,于我而言,并没有什么不同,都能胜任的。
好在大多面试官能听出我的弦外之音,没有再纠缠不放,我也庆幸我的实习经历救了自己一条小命,直到遇到一位深谙业务的"扒皮”面试官,他直接将笔者的三观打碎再重塑,让我重新思考实习的意义。
04不怕人力懂业务,就怕业务经理当人力。
海归David就是其中一位,被我赶了个正着,他像老头嚼甘蔗一般,对我简历上的三个实习经历细细捋了一遍,最后再吐出一口碎渣来。
David:”哦,也就是你在信托公司没有接触最核心的工作喽。
””你们这个投资组合比例也是自己随机定的啊!“”你给我讲讲马科维茨投资组合理论?“——我都不知道该怎么反应。
海归求职网()-专注留学生海归求职培训辅导服务【深圳海归招聘】大学生应聘面试技巧和注意事项
第一步,热络场面。
面试开始时,注意用眼睛注视面试官,面露微笑,就像平时碰到一个很久不见的熟人一样。
这个简短、有效的举动,让人觉得你很容易相处,打破面试开始时的尴尬。
第二步,强调成就。
进入谈话阶段后,马上说出自己曾如何解决问题,使自己站在有利的位置。
多用“我能”、“我做到”这种肯定句式,别用“我只是”、“我不能”这种否定句。
肯定而自信的话,可大大增加面试官对你的好印象。
第三步,展现能力。
谈到应聘岗位的工作性质和目标后,可立刻指出“我过去也解决过类似问题”,然后详细举例说明。
让对方知道,你是帮他们解决问题的最佳人选。
第四步,表露兴趣。
事先通过网络等途径查阅应聘单位的相关信息。
在谈到单位的情况后,马上说出自己对单位的了解和兴趣,愿意学习有关单位的一切。
越了解单位,面试官印象越好。
第五步,问点问题。
当对方问了你几个问题后,可以适当反问一两个问题,表示对工作的强烈兴趣。
一位专家建议,面试时最好想十个问题,随时准备发问。
但注意不要花过多的时间问问题。
第六步,说明贡献。
面试全过程中,要时刻找机会展示自己的能力。
不要复述简历。
站在对方的立场上,想一想你的什么技能才是他们最需要的,将谈话引到这一点。
第七步,简洁有序。
文档来源:专业留学生海归求职培训辅导机构海归求职网AceCareer。
海归求职网()-专注留学生海归求职培训辅导服务【上海海归招聘】招聘求职时面试技巧和注意事项
当你招聘求职时已经到了面试这步,就一定要懂得面试技巧和注意事项,千万不要这一步而导致功亏一篑。
下面就为大家分享一些关于面试的技巧,让你从容自信的面对考官并顺利被入取。
一、得体妆发面试的时候化点淡妆吧,千万不要素颜就去,第一印象很重要。
虽然不是相亲,但眼缘也是很重要的一个因素。
不需要浓妆,只要清新的淡妆就能把最好的精气神展现出来。
男生建议以干净整齐的发型去面试,一些时尚的烫发还是最好不要有。
二、温暖微笑微笑是传递正能量很直观的一个脸部表情,不要求你笑的多违心,但礼貌自然的微笑还是必不可少的。
在遇到每一个人,保持这样的微笑,会让面试官对你有很好的印象,觉得你是个积极向上的好青年。
文档来源:专业留学生海归求职培训辅导机构海归求职网AceCareer。
【海归就业】面试问题及回答技巧大公开面试官提问频率最高的10条面试问题:1、你怎么理解你应聘的职位?回答提示:把岗位职责和任务及工作态度阐述一下。
2、请你自我介绍一下你自己?回答提示:一般人回答这个问题过于平常,只说姓名、年龄、爱好、工作经验,这些在简历上都有。
其实,企业最希望知道的是求职者能否胜任工作,包括:最强的技能、最深入研究的知识领域、个性中最积极的部分、做过的最成功的事,主要的成就等,这些都可以和学习无关,也可以和学习有关,但要突出积极的个性和做事的能力,说得合情合理企业才会相信。
企业很重视一个人的礼貌,求职者要尊重考官,在回答每个问题之后都说一句“谢谢”,企业喜欢有礼貌的求职者。
3、你觉得你个性上最大的优点是什么?回答提示:沉着冷静、条理清楚、立场坚定、顽强向上、乐于助人和关心他人、适应能力和幽默感、乐观和友爱。
我在××单位经过一到两年的培训及项目实战,加上实习工作,使我适合这份工作。
4、在五年的时间内,你的职业规划?回答提示:这是每一个应聘者都不希望被问到的问题,但是几乎每个人都会被问到,比较多的答案是“管理者”。
但是近几年来,许多公司都已经建立了专门的技术途径。
这些工作地位往往被称作“顾问”、“参议技师”或“高级软件工程师”等等。
当然,说出其他一些你感兴趣的职位也是可以的,比如产品销售部经理,生产部经理等一些与你的专业有相关背景的工作。
要知道,考官总是喜欢有进取心的应聘者,此时如果说“不知道”,或许就会使你丧失一个好机会。
最普通的回答应该是“我准备在技术领域有所作为”或“我希望能按照公司的管理思路发展”。
5、这个职位,你认为你还欠缺什么?回答提示:企业喜欢问求职者弱点,但精明的求职者一般不直接回答。
他们希望看到这样的求职者:继续重复自己的优势,然后说:“对于这个职位和我的能力来说,我相信自己是可以胜任的,只是缺乏经验,这个问题我想我可以进入公司以后以最短的时间来解决,我的学习能力很强,我相信可以很快融入公司的企业文化,进入工作状态。
海归面试自我介绍尊敬的面试官,大家好!我是一名海归,荣幸参加这次面试,我对贵公司充满了向往和期待。
我毕业于 XX大学,获得了计算机科学专业的学士学位和硕士学位。
在我走出国门深造的这段时间里,我不仅学到了专业知识,还锻炼了自己的综合素质和跨文化沟通能力。
我相信这些经历使我成为了一个更加全面发展的人才。
在学术上,我在海外著名的计算机科学专业进行了深入的研究。
我在博士期间的研究方向是人工智能和机器学习。
我在这个领域进行了多个研究项目,并发表了多篇高水平论文。
在研究中,我不仅拥有扎实的理论基础,还具备丰富的实际经验。
我对探索和分析数据、设计和实现算法以解决实际问题有着浓厚的兴趣。
我相信我的学术研究背景和实践经验使我具备了解决复杂问题和创新的能力。
除了学术研究,我也积极参与了一些项目和实习经历。
在我的研究生阶段,我参与了一个与企业合作的课题研究项目,负责搭建并优化一个大规模数据处理系统。
在这个项目中,我充分发挥了自己的技术能力和团队合作精神,快速解决了项目中遇到的各种挑战。
此外,我还曾在一家跨国科技公司实习,主要负责数据分析和模型构建工作。
通过这些实际项目经验,我不仅学到了工程实践方面的技能,还培养了快速学习和适应新环境的能力。
在学术和实践领域之外,我还注重提升自己的软技能。
我在海外留学期间参加了大量的学术会议、讲座和工作坊,这不仅扩展了我的学术眼界,也提高了我的表达和演讲能力。
此外,我积极参与了各种社团和志愿者活动,担任过项目负责人和团队成员,在协调能力、领导能力和团队精神方面有了很好的锻炼。
除了学术和实践能力,我还拥有良好的沟通能力和团队合作能力。
我理解团队合作的重要性,并且在团队中始终保持积极的沟通和合作态度。
我乐于倾听他人的意见和建议,并能够与不同背景和专业的人进行良好的合作。
作为一名优秀的海归,我有着对国内发展的热情与期望。
我希望能够回国为中国的科技发展做出自己的贡献。
我相信通过我的努力和能力,可以在贵公司中发展出色并取得成就。
【海归招聘会】100%成功面试的套路春招开始了,最近看了不少过来寻求修改的简历,也有口述面试问题的,一直以来,从找工作到应聘面试,貌似方法说了很多,大家还是有很多的困难,这是为什么呢?其实很简单,缺少行之有效的套路方法说的再多,不会利用,那也是无为。
今天我以多个案例,并且系统的将面试的多个部分都一一讲解,用下面这些套路,不仅可以轻松通过面试,我相信获得不错的薪资,也没有什么太大的问题,而且这些套路,独此一份哦。
其实坦白讲,找工作这件事,唯一需要做点准备的工作,就是做个简历,弄个求职信,整理自己的一些作品,然后剩下的就是表现和说点什么。
关于现场表现首先我看过很多同行写的文章,都说要多多表现,我觉得很奇葩,其实我们换位想想,那些平时咋呼事的往往最容易令人心生厌恶,我觉得说,既然大家是陌生人,那么何德何能去做领头人物,这里就需要说两个必要套路:少说话&多带证据。
少说话·为什么大咖们的经验说,多去表现,全面去做无组织领导,个人面试多说话题;于是很多新人入坑,轻松被淘汰;我们说,多说……是建立在,内容是面试官真的有兴趣的,是个人能力真的可以提现的,是其他人心生佩服,是所有人都可以拍手叫好的。
想做到这一切,很难,因为你要明白,我们都是陌生人。
你、面试官、其他面试者,在一群陌生人面前表现,并且陌生的环境,你们觉得这件事情,真的会带来积极的作用么?如果讲的不对却说得很多,面试评分又会怎样呢?所以,套路一:请收敛,少说话,别当莽夫。
那么……如何做?多带证据·真价值很多人都问我能带什么?能带的东西太多了,小到证书,达到实习企业的领导评价,设计岗位待练习作品,文学爱好者带点自己写的文字,销售嘛带点人脉证明,其实这很简单。
另外说说——领导背书其实如果你在实习企业干的还不错,跟领导关系还好的话,完全可以要一份能力证明的求职信,哪怕你自己写好只让人家签个名字,也比你吐沫横飞说半天自己优势,要来的有价值的多,至于说怕被拒绝,拒绝就算了呗,你又不会掉块肉。
【海归求职】面试真经• 投行篇| 秋招开始前准备好这些面试问题,不让人印象深刻都难!内附回答方法投行内部Technical面试问题大汇总Basic Valuation Questions1、What are the 3 major valuation methodologies?Comparable Companies, Precedent Transactions and Discounted Cash Flow Analysis.2、What are the most common multiples used in Valuation?The most common multiples are EV/Revenue, EV/EBITDA, EV/EBIT, P/E (Share Price / Earnings per Share), and P/BV (Share Price / Book Value per Share).3、What are some examples of industry-specific multiples?Technology (Internet): EV / Unique Visitors, EV / PageviewsRetail / Airlines: EV / EBITDAR (Earnings Before Interest, Taxes, Depreciation, Amortization & Rental Expense)Energy: EV / EBITDAX (Earnings Before Interest, Taxes, Depreciation, Amortization & Exploration Expense), EV / Daily Production, EV / Proved Reserve QuantitiesReal Estate Investment Trusts (REITs): Price / FFO per Share, Price / AFFO per Share (Funds From Operations, Adjusted Funds From Operations)Basic DCF(Discounted Cash Flow) Questions1、Walk me through a DCFA DCF values a company based on the Present Value of its Cash Flows and the Present Value of its Terminal Value.2、What’s the relationship between debt and Cost of Equity?More debt means that the company is more risky, so the company’s Levered Beta will be higher – all else being equal, additional debt would raise the Cost of Equity, and less debt would lower the Cost of Equity.3、Which has a greater impact on a company’s DCF valuation – a 10% change in revenue or a 1% change in the discount rate?You should start by saying, “it depends” but most of the time the 10% difference in revenue will have more of an impact. That change in revenue doesn’t affect only the current year’s revenue, but also the revenue/EBITDA far into the future and even the terminal value.Basic LBO (Leveraged Buyout) Questions1、Walk me through a basic LBO model.Step 1:Making assumptions about the Purchase Price, Debt/Equity ratio, Interest Rate on Debt and other variables; you might also assume something about the company’s operations, such as Revenue Growth or Margins, depending on how much information you have.Step 2: Create a Sources & Uses section, which shows how you financethe transaction and what you use the capital for; this also tells you how much Investor Equity is required.Step 3: Adjust the company’s Balance Sheet for the new Debt and Equity figures, and also add in Goodwill & Other Intangibles on the Assets side to make everything balance.Step 4:Project out the company’s Income Statement, Balance Sheet and Cash Flow Statement, and determine how much debt is paid off each year, based on the available Cash Flow and the required Interest Payments.Step 5:Make assumptions about the exit after several years, usually assuming an EBITDA Exit Multiple, and calculate the return based on how much equity is returned to the firm.2、Why would you use leverage when buying a company?To increase your returns. Any debt you use in an LBO is not “your money” –so if you’re paying $5billion for a company, it’s easier to earn a high return on $2 billion of your own money and $3 billion borrowed from elsewhere versus $3 billion of your own money and $2 billion of borrowed money. A secondary benefit is that the firm also has more capital available to purchase other companies because they have used leverage.3、What variables impact an LBO model the most?Purchase and exit multiples have the biggest impact on the returns of a model. After that, the amount of leverage (debt) used also has a significant impact, followed by operational characteristics such as revenue growth and EBITDA margins.4、What is an “ideal” candidate for an LBO?“Ideal” candidates have stable and predictable cash flows, low-risk businesses, not much need for ongoing investments such as Capital Expenditures, as well as an opportunity for expense reductions to boost their margins. A strong management team also helps, as does a base of assets to use as collateral for debt. The most important part is stable cash flow.5、How do you use an LBO model to value a company, and why do we sometimes say that it sets the “floor valuation” for the company?You use it to value a company by setting a targeted IRR (Internal Rate Return) (for example, 25%) and then back-solving in Excel to determine what purchase price the PE(Private Equity) firm could pay to achieve that IRR.This is sometimes called a “floor valuation” because PE firms almost always pay less for a company than strategic acquirers would.。