Acquisitions Interview Questions
Acquisitions interviews test: can you form a thesis, underwrite conservatively, and make a decision with conviction.
The acquisitions answer structure
Use this order
- Thesis (why this asset wins in this market)
- Underwriting (what you haircut vs pro forma)
- Downside (what breaks + how you protect)
- Pricing (what you’d pay and why)
- Decision (do it / don’t / do it with conditions)
Common questions
Thesis + market
- Why this market?
- What’s the demand driver?
- What’s the competitive set?
Underwriting
- What assumptions did you haircut?
- What’s your sensitivity?
- What’s the biggest driver?
Decision
- Would you buy it today?
- At what price?
- What would make you walk?