3 questions reported in Piper Sandler interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
Easy · Medium
Hard
Model builds
Built in the spreadsheet grid
Pipeline risk-adjusted valuation, reimbursement and patent cliffs. 2 questions
Reimbursement determines whether healthcare products get paid for. Fundamental to understanding the sector.
Explain how reimbursement works for pharmaceuticals and medical devices. What are the key payers and how do they decide what to cover?
Managed care has unique economics. This tests understanding of the insurance side of healthcare.
Explain the business model of a health insurance company. How do they generate profit, and what are the key risk factors?
Regulatory capital, ROTE against cost of equity, and why EV is meaningless. 1 question
A first-round FIG interviewer uses this to see whether you understand why deposits matter beyond their reported balance.
A regional bank says it has $50 billion of deposits. What makes those deposits valuable, and what would make you discount that headline number?
Write your answer, get it graded on technical accuracy, completeness and communication, and see exactly which mechanic you missed.
Company tags reflect where a question type is commonly reported in interviews. They are not sourced from, endorsed by, or affiliated with Piper Sandler.