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After submitting my resume for the Global Finance and Business Management full time position at JP Morgan (my dream job!), I got a HireVue invite the next day! However, I completed it 9 days ago and still have no response....
When do we get a response in average, and after how much time does it mean I probably am not getting an offer to continue?
Thanks!
JPMorgan Chase JPMorgan Investment Management
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We use DCF exclusively in our practice (ER).
Why? DCF is way too theoretical / academic
Mainly because DCFs provide a good framework to discuss / quiz core financial concepts - capital structure / cost of capital, business value drivers, FCF, etc. are all important to understand and are embedded within the DCF. While a DCF in aggregate is generally too theoretical to be of practical value, talking about it in an interview can give a sense of how well the candidate understands the fundamentals of finance
There’s one right answer to this: investment banks and other advisors use DCFs because it’s the preferred valuation method of the Delaware courts.
In practice, DCFs are heavily emphasized in litigation/fairness, though I’d agree that precedents are probably what principals most think about.