Company Name: Ernst & Young
Position: Associate
Location: [Not specified]
Application Process: I applied via a referral and was interviewed before April 2023.
Interview Rounds:
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Round 1 - One-on-one Round:
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Questions Asked:
- Describe a situation where you were under pressure and needed to perform.
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Your Approach: I shared a real-life example from my previous work experience where I had to meet a tight deadline. I explained the steps I took to manage my time, prioritize tasks, and stay calm under pressure.
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Outcome: I passed this round and moved on to the next stage.
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Round 2 - Technical Round:
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Questions Asked:
- Walk me through a DCF (Discounted Cash Flow).
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Your Approach: I broke down the DCF process into its core components—projecting cash flows, determining the discount rate, calculating terminal value, and summing the present values. I also mentioned how assumptions play a critical role in the analysis.
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Outcome: I provided a clear and structured answer, which was well-received.
Preparation Tips:
- For behavioral questions, prepare real-life examples that showcase your problem-solving and resilience.
- Brush up on technical concepts like DCF, especially if the role involves financial analysis.
- Practice explaining technical topics in simple terms to ensure clarity during the interview.
Conclusion:
Overall, the interview process was smooth and well-structured. The questions were relevant to the role, and the interviewers were supportive. I would advise future candidates to focus on both behavioral and technical preparation, as EY values a balance of soft and hard skills.