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Partner Interview (6th interview).
Good or Bad?
My referral had interviews w/ (1)
recruiter, (1) SM, then the series of
(3) 1:1's w/(1) MD and (2) SM's.
The recruiter said he will now have
an interview in Jan. w/ the PPMD.
He interviewed for a M role in
consulting for customer marketing.
11 YOFE
He does have a wide skill set and the
recruiter said it was all positive
feedback, just have to find out
where to put him (on the team he
interviewed for or another he is
qualified for).Deloitte
Hi Infosys guys, I have cleared one technical interview and got email for further round which is planned for tomorrow. Email mentions that this is a telephonic interview, is this supposed to be an HR round discussing salary or another tech round.
SAP SD - 2 YOE Current CTC is 4.8LPA.
how much should I ask at infy? Position offered is associate consultant. Thanks in advance.
Hi Fishes,
I'm about to attend HR interview in TCS next week. I have 5.10 yoe in .Net tech and gcp and current ctc is 8 lpa. I want to consider it to be for a long term association with my next company..
What will be the ctc that I can ask for according to the trend..
Please help..
Tata Consultancy
Hey folks
I got a call from TCS to interview for a new unit formed within org with the name of Business Transformation Group as per new org restructuring. Anyone from TCS who can help to understand more about this?
Does it cater to only niche technologies or how does this actually function?
Tata Consultancy
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Sure, a DCF is giving you the intrinsic value of a company based on its future free cash flow. If the valuation date is 9/31 for example, then Q4 is within the realm of future cash flows that the acquiring party would then have ownership of. If you skip straight to year end you are missing cash flows that should impact valuation.
To piggy back off of this, this is super important for more seasonal businesses and their valuations. Let’s say you are valuing party city - most of their sales come in Q3/Q4, is a big needle mover if you don’t appropriately discount those cash flows
For mid year periods, it’s because we assume the cash flows come in throughout the period rather than just at year end. Hence, we discount them in the middle of the period.
It's pretty much just because the more data the better. In most cases, the value shouldn't be significantly different from if you calculated as of year end with cashflows beginning next year, but that's technically not the valuation as of today and it's technically wrong.
When you say partial period are you referring to mid year convention? As someone said already midyear convention is to smooth out cash flows as you assume they occur throughout the year and not all in one lump sum at year end. Mid-year convention means you discount 1.5, 2.5, 3.5 yrs instead of 2, 3, 4 yrs.
If you’re talking about if I buy a company today then why am I not counting Nov and Dec 2020 cash flows then the answer is bc you’re excluding cash flows starting today
So if I buy a company and the valuation date is 7/23/20 but the Fiscal year end is 12/31/20 the partial period is taking into account the time between those two periods right? Is that the cash flows I am trying to get? Because wouldn’t we still take into account the full year of 2020? So what would be the need for the partial period then? Or on the DCF do you not show full year 2020? Just the partial period 2020 and then 2021, etc? Thanks everyone
There's no rule on number of periods to show.
In practice, company forecasts are usually for a number of fiscal years not for a rolling 5 year period. Therefore, in practice, it's common to use a stub period from the valuation date to year-end, and then all the available fiscal year forecasts.