5 questions reported in Siemens interviews, organised by the group that asks them. Every question carries a model answer and graded feedback on your own attempt.
Questions
5
Easy · Medium
2 · 0
Hard
3
Model builds
0
Built in the spreadsheet grid
Treasury & Capital Markets
Capital structure, covenant headroom, FX and interest rate hedging. 2 questions
Cash Pooling and Notional Pooling
Easy
Tests whether a candidate understands how multinational treasury teams make fragmented cash usable.
What is cash pooling? Explain the difference between physical sweeping and notional pooling, and when each can fail.
A common first-round treasury question because account sprawl creates cost, fraud and visibility problems before it creates a funding problem.
A multinational has 480 bank accounts across 18 banks, many with small dormant balances. Why would treasury rationalise the structure, and how would you do it without disrupting the business?
Project selection, returning capital and measuring per-share value. 1 question
Deciding Whether to Divest a Business
Hard
A senior analyst case assessing whether a portfolio review recommendation considers cash, stranded costs and opportunity cost rather than headline multiples.
A conglomerate can sell a non-core division for $600m. The division generates $55m of annual EBITDA, requires $25m of capex and uses $80m of working capital. How would you decide whether to sell it?
Strategic fit, synergy underwriting, dis-synergies and post-close ownership. 1 question
Negotiate a Carve-Out Without Buying Stranded Costs
Hard
A corporate development case testing value, transition services, and execution risk in a divestiture process.
You are evaluating the acquisition of an industrial software division being carved out of a conglomerate. The seller's EBITDA excludes costs that will not disappear at close. Make the decisions as…
Cyclicality, operating leverage, backlog quality and mid-cycle earnings. 1 question
Underwrite an Energy Contract Before Calling It a Cost Saving
Hard
An industrials coverage case testing whether a fixed-price power contract reduces volatility or creates an unpriced operating commitment.
A manufacturer signs a 12-year renewable-power agreement at a rate below current electricity prices. Management calls the contract a $25m annual saving, but its main plant may reduce load by 30% if a…