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⟩ Tell us what do you think is going to happen to LBOs/M&A/private equity in the coming months and years?

You need to be up to speed on the state of major deals out there, financing, future growth, fund raising, the whole thing. Don’t be surprised if an article in The Wall Street Journal from that very morning is mentioned, and be prepared to respond to it. Naturally, a reasonably bullish outlook for the industry is likely an asset—why else are you applying?—but don’t sugarcoat it, either. Talk about the challenges facing the industry in a reasonable way, how the industry might overcome them, and why you ultimately think the industry will continue to grow and prosper.

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