Jefferies ibd summer internship first round interview
Hi all. I've just got a first round interview next week for Jefferies summer intern in London, I've got a few questions which I would be grateful if someone could answer me....
Since I'm from a science background, I'm not 100% sure what to prepare for technical questions for ibd, can anyone give me some topic to revise on?
I've looked at some other posts about jefferies and some mentioned about talking about other applications, well, to be honest, I'm not the best candidate so all I have now is ICAP accessment centre and some phone interviews... Should I avoid telling them anything about my applications?
Lastly, is it difficult to get an offer for the summer intern in jefferies? I might be one odd chinese applying for Jefferies, and I'm afraid that would discount my chances too.
Some experience on it welcomed, I've only had one previous internship with Operations so it's the first time I get something on IBD... Thanks for the help guys.
I think first round will be done by the Cornell Partnership (not sure on that though). If that is the case than do a search on Greenhill SA London and you will find plenty of information. More fit based, competency questions and why Jefferies, why M&A and whats going on in the markets.
Yes it is by cornell partnership. Thanks for the info! Will there be a lot of technical questions? And is it impossible to land an offer there?
I doubt it will be very technical, they are not bankers (CP). Get up to date on 2 - 3 recent deals, be able to explain where you think the M&A market will go in the next 12 months, hell maybe even the infamous SWOT from GHL, read up on that recent thread.
I think it should be possible to get an offer there, why not. The first round interview might be 30 - 45 minutes so also have your ministories on competencies ready. know the differences between boutique and BB and have a good reason why you fit better into the former. Also have your 2 minute pitch on your CV perfected.
That should be enough to get you into the AC round.
Right ok, 2-3 deals can be found online via bloomberg or something like that i suppose. Is there kind of a set-answer for the direction of M&A market? I'm worried they're looking for some set answer which would ruin everything.
I've noted SWOT, got the competencies done.... There should be several posts about Boutique vs BB correct? And CV wise, they will question me on that yep?
Sorry for asking so much details... I do have internship experience before, but that's with Operations, and since this is the only IBD interview I have I wanted to make the most out of it.
Anything else I need to know? My friend said they might have some implicit rule which will see them hire nearly no chinese. Is that true?
pm me. i'm not sure how things work in london, but i am familiar with the interview process for jef ny. to answer your question, there are chinese people at jefferies, but not too many natives. that is true for most investment banks in the us given that this is a client facing career.
and jefferies isn't a boutique. get that straight. swot analysis? i went to final rounds for ghl ny. is this a london specific thing? you aren't interviewing for a consulting job.
yeah but the cornell partnership did those in london so i guess the interview process might be a bit different since the first rounds are outsourced.
2-3 m&a deals can be found on deal journal of wsj (do a google search: deal profile xy deal journal wsj) trend depends on you, let your own opinion flow into that, comment on the deals going on, trends, PE activity, micro/macro environment all that.
Dont worry about them not hiring any chinese, just be confident and know your shit and it wont be an issue.
Thank you so much Aruubato and GBB for you guys help! If I could at least get through to AC I'd be so indebted to you guys... Hopefully I will have enough preparation before next thursday!
Sorry to bump, but would anyone like to add in anything? I'd love to have more views in order to be more prepared. thanks!
Suddenly remembered something. Are there kind of a set answer for "Why IBD" and "How the market will go"? I've read up some questions which does not have a set answer so would like to know whether this two qs would have a set answer to follow. Thks
How the market will go requires your opinion, therefore not rigged or set. When asked Why IB, you should respond with both a story that displays your interest in IB and the characteristics which attract you to the position. I recommend developing some original response to the mentioned questions as many of the applicants will have provided answers that are very standard and akin to what you would find in a vault guide.
Consider looking for ways to tie the Why IB question into your opening pitch.
Check out http://www.mergermarket.com/press/#research and download the latest league tables available. They usually contain a section "market overview". Just read through it and you should have an idea of how to answer the questions regarding the M&A market development. Good luck.
Try to connect the why IBD question to your past in your CV try to make it earlier than just a year ago. Say for example some activity back in the days, some family friends in banking etc. really triggered your interest and that was reinforced during xy activity later and through xy class.
That way you can tailor your answere based on your background and it will seem genuine
So much thanks guys. Gonna continue as much research as possible before tomorrow's interview...
You might want to look at market merger monthly insider as well as there is some useful information about prospective M&A deals. Also don't forget to tell how did it go.
Hi,
How long after your online application to Jefferies summer internship have you heard back?
Jefferies First Round SA Non-Target (Originally Posted: 01/19/2012)
Anyone heard back from their first round phone interview yet?
I am non-target, so obviously no OCR.
Haven't heard anything back, applied online..
I had mine on Tuesday still haven't heard anything yet, they said 1-2 weeks
Target, semi, non?
I am from non-target haven't heard back from my phone interview that I had on Monday yet either. The analyst who interviewed me said i would here within a week or two on next steps. Anyone
I'm from Semi
I was just notified of a second round phone interview.
Anyone else..?
I did not hear back this weekend hoping for good news this week
How long after you applied online have you heard back?
How were you able to apply online already?
"The application period for this position is not yet open. Please revisit our internship opportunities soon."
I applied for London But yes US are not open yet :)
Jefferies first round phone interview (Originally Posted: 10/10/2011)
This is for their generalist program, analyst full-time.
Anyone have any advice. I go to a non target but I managed to get a summer position at CS in Asia Pacific last summer within Fixed Income.
I have FIT down, along with basic technicals (3 main methods of valuation, walk me through a DCF, define and link the three financial statements, depreciation expense effect on financial statements, WACC, Enterprise Value, CAPM, how to get FCFs). I also have a few deals that I've read about, and the general condition of M&A.
Thanks
valuation
whoops, my bad, late night tonight,
Sounds like you have your bases covered - most important thing to remember now is that if I'm interviewing you on the phone and you've 'checked the box' when it comes to technical questions, I care more about whether or not I enjoyed our 20 minute conversation than about exactly how many links you named between each combination of financial statements. That is to say, speak to the interviewer like a real person and you greatly increase your chances.
Jefferies 1st Round- Help! (Originally Posted: 01/15/2012)
Hey guys,
I just got a first round phone interview with Jefferies for IBD. Has anyone been through the process or know what to expect? Any help would be appreciated! Thanks in advance.
Have your story down for "why Jefferies" and "why IB," be able to walk through a DCF and answer how the financial statements tie together, know which financial statements you would want if you could only have one, etc. Most of the phone questions will be straight out of the interview guides like the ones on WSO or M&I.
Did you get this through OCR? Or their 1/31/11 application deadline?
They were very interested in why Jefferies and also lbo models, but this could've been an experience unique to me.
+500,000
When will people finally get this?
I had a phone interview with Jefferies for a position in one of their offices in Europe in November. As far as I can recall interview questions were: 1. Run my through your resume 2. Why IB (Focused on skills as well as motivation) 3. Job expectations (tasks, hours etc.) 4. Differences between debt and equity financing 5. Valuation methods 6. Explain 2008 financial crisis (how it started in the US and swept over to Europe due to CDS; explain the basic workings of a CDS)
Whole interview took about one hour and was concluded with the general: "do you have any questions for us?" Asked about 3-5 questions there pertaining to the possibility to transfer to different regions, industry focus of that specific office etc.
Jefferies SA Interviews (Originally Posted: 03/05/2010)
Does anyone know if Jefferies (NYC) is still interviewing for SA or have they hired a full class?
Thanks
bump, anyone?
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