Interview hell

I know I'll have nightmares about this one. A banking analyst who applied for a private equity job tells Business Insider about the process:

First, he says, the typical interviewee is walked into a little room and told he has two hours to write out the steps necessary in something like an LBO (leveraged buy-out), for example. His job is to select a company he thinks a private equity firm like KKR or TPG is well poised to manage an LBO or IPO for, write out how they should do it, and prepare for the questions about the LBO that are coming next.

You then go into another room where a couple of guys ask you to take them through all the steps, justifications, etc. If that goes well, you're brought in to meet the asshole.