Perella Weinberg Partners

Be specific to PWP: an independent adviser founded by Joe Perella and Peter Weinberg, small enough that you work directly with senior partners, and advisory only so the advice is unconflicted. Name a deal or a sector if you can.

A genuinely PWP reported question that catches people out. Have a real reason for the specific office: the deals that team does, ties to the city, or where you want to build a career. A vague answer suggests you applied everywhere.

Explain the model: advice unconflicted by lending or trading, senior partners on every deal, and far more responsibility early because the teams are small. Then tie it to what you personally want from the job.

STAR. PWP interviews are heavily behavioural, so have several polished stories. Show you drove the outcome and brought people with you, which matters in a small collaborative firm.

Reported directly at PWP. Name the specific sources you genuinely use, then immediately prove it with a story you are following and a view on it. The proof matters far more than the list.

The parties, the price, the rationale, and your own view on whether it makes sense. PWP asks market and deal questions alongside the behavioural ones, so keep something current ready.

The core technicals reported at PWP first round. Comparable companies, precedent transactions and a DCF, then the DCF build: unlevered free cash flow, discount at WACC, terminal value, enterprise value, then bridge to equity. Clean and confident beats over elaborate here.

A distinctly PWP style open ended question. Standard multiples often break because earnings are negative, so you lean on revenue multiples, comparable funding rounds, a long dated DCF with scenario weighting, or a sum of the parts on the business lines. Say why each method is imperfect, that judgment is what they are testing.

PWP is the elite boutique most likely to give you a real case, with candidates reporting a modelling or LBO exercise of up to two hours. Manage the clock, state your assumptions out loud, sanity check the output, and finish with a clear recommendation rather than a wall of numbers.

Brain teasers are reported in PWP processes. Do not rush to an answer: state your assumptions, break the problem into parts, work through the logic out loud and sanity check the result. They are watching how you think under pressure.