FIS Lead Analyst Interview Questions, Process, and Tips

Private equity is a type of investment where funds are raised from investors to acquire or invest in companies that are not publicly traded.

• Private equity firms typically buy companies with the intention of improving their operations and profitability before selling them for a profit.

• Private equity investments are usually made in mature companies with a proven track record of success.

• Private equity firms may also provi...read more

Carry refers to the share of profits that private equity fund managers receive after meeting certain performance benchmarks.

• Carry is a form of incentive compensation for private equity fund managers.

• It is typically a percentage of the profits earned by the fund after a certain hurdle rate has been met.

• For example, if the hurdle rate is 8% and the fund earns a return of 15%, the carry would be calculated on the 7% exces...read more

Waterfall model is a linear sequential approach to software development.

• Requirements are gathered and analyzed

• Design is created based on requirements

• Implementation of design is done

• Testing is performed to ensure quality

• Deployment and maintenance of the software

• Each phase must be completed before moving to the next

• Changes are difficult to implement once a phase is completed

Factors on Bloomberg can be found by searching for the relevant security and selecting the 'FA' function.

• Search for the security on Bloomberg

• Select the 'FA' function

• Review the available factors for the security

A journal entry for accrual is used to record expenses or revenues that have been incurred but not yet paid or received.

• Accruals are recorded at the end of an accounting period to ensure that expenses and revenues are matched to the correct period.

• The journal entry for an expense accrual involves debiting the expense account and crediting the accrued liability account.

• The journal entry for a revenue accrual involves de...read more