D.A. Davidson & Co Interview Questions

27 total interview insight submissions
Interview Experience (98%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

4
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (92%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

2.9
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (46%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

30%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at D.A. Davidson & Co

Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Intern
Year 2024
Job Title Intern
Group/Division Technology, Media and Telecom (TMT)
Location New York
Experience
Positive
Difficulty
Average
1st Year Analyst
Year 2025
Job Title 1st Year Analyst
Group/Division Investment Banking
Location Portland
Experience
Positive
Difficulty
Very Difficult
Intern
Year 2024
Job Title Intern
Group/Division N/A
Location New York
Experience
Positive
Difficulty
Average
Research Associate
Year 2024
Job Title Research Associate
Group/Division Equity Research
Location New York
Experience
Very Positive
Difficulty
Easy
Intern
Year 2024
Job Title Intern
Group/Division Investment Banking
Location Los Angeles
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Investment Banking
Location Salt Lake City
Experience
Positive
Difficulty
Difficult
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Equity Research
Location New York
Experience
Neutral
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Mergers and Acquisitions
Location Chicago
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2023
Job Title 1st Year Analyst
Group/Division Consumer - Retail
Location Los Angeles
Experience
Very Positive
Difficulty
Average
1st Year Associate
Year 2022
Job Title 1st Year Associate
Group/Division Equity Capital Markets
Location New York
Experience
Very Positive
Difficulty
Average

Interview Questions & Answers - D.A. Davidson & Co Examples

Intern Interview - Technology, Media and Telecom (TMT)

Anonymous employee in New York
Interviewed: October 2024
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Skills Test
IQ / Intelligence Test
Personality Test
Drug Test
Background Check
Interview
Test gorilla, initial screen with hr, aptitude tests, superday
make sure to be on top of why da and why mm
Interview Questions
Tech specific questions

Investment Banking Analyst Interview - Investment Banking

Anonymous employee in Portland
Interviewed: January 2025
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
2-3 months
Application
Phone Interview
Group Interview
Interview
online application. then phone screening, then meeting with associate andfellow analyst, then in person with mds
Interview Questions
The most difficult one was name the retention rates for IB

FSG Summer Analyst Interview

Anonymous interview candidate in New York
Interviewed: October 2024
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Interview
First round screen with HR
Second Round met with two associates - 30 mins each, very few technicals
Superday - 4 interviews, 15 mins each interview
Interview Questions
What's our largest office

Equity Research Associate Interview - Equity Research

Anonymous interview candidate in New York
Interviewed: September 2024
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Skills Test
IQ / Intelligence Test
Personality Test
Interview
Got in contact with recruiter through a connection at the firm.

Applied online, initial phone interview with recruiter on basic screening questions.

Followed by an online assessment consisting of several parts.
1) "IQ Test"
2) Reading comprehension/communication
3) Intermediate Accounting questions
4) Personality
5) Video-recorded questions
6) Upload a stock pitch/industry research report you've written.

Followed by two 30-minute interview with associates with about half behavioral half technical.

The online assessment is very comprehensive. It is much longer than many other companies I have applied to, but it is great. People are chill, not so uptight. Got great vibes from everyone I've met in the process, and all seems genuinely bought into the role they have. A very small group in NYC from what I've been told, so potential candidates will have a much better chance applying to the Portland OR location.

Began my process early September. Got a rejection about a week after my interviews with the associates which was late September. Very quick interview process, no waiting around.
Interview Questions
Pitch a stock- What separates it from its close competitors? Why do you think investors haven't yet priced this in? What are some of their trading multiples? What is your opinion about the CEO?
Why would a company take on debt even with cash on hand?
Why do investors like/dislike EBITDA?
Would you invest in a company with a beta of 1.5?
What is your favorite Chess opening?

Investment Banking Summer Analyst Interview - Investment Banking

Anonymous employee in Los Angeles
Interviewed: October 2024
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Skills Test
Interview
-First round with HR asked me two questions - walk me through your resume and why are you interested in consumer - immediately got scheduled for next round on the spot
-Second round was 2 1 on 1s with 2 associates. standard behaviorals and easy technicals, basically gauging interest and running through resume
-After that got moved to a skills test. the banking questions seemed to be half from the guide half not, make sure you really understand fundamentals
-Final was a superday meeting with about 10-15 people across the team. they all were so friendly and really just wanted to get to know you and tell you more about davidson! light techs but you should be fine from studying the guides
Interview Questions
How would you value a cup company?
First round: Walk me through resume and why consumer
Second: Walk me through the 3 statements and how they link? What is working capital? A few standard tell me about a times
Skills assessment: a few EV value calculations and banking specific questions
Final round: How would you value a random type of company, how would you differentiate this company, 3 valuation methods, which yields highest valuation, how to increase EBITDA margins, walk me through a dcf
Stock pitch/sector you are following

Analyst Interview - Investment Banking

Anonymous interview candidate in Salt Lake City
Interviewed: October 2023
Outcome
Declined Offer
Interview Source
Recruiter
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Skills Test
Interview
1st round was a screening interview w/ the recruiter
2nd round was two virtual interviews with a VP/Assoc.
3rd round was a technical interview
Last round was a super day in person
Interview Questions
Questions asked during the interviews:
How can you determine the value of company A vs. company B if they are in the same industry and do the same thing?
What are the main factors that cause a need for mergers and acquisitions?
Which is more expensive: the cost of debt, or the cost of equity?
Walk me from Revenue to FCF.
What is the difference between unlevered FCF and levered FCF?

Analyst Interview - Equity Research

Anonymous interview candidate in New York
Interviewed: November 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Group Interview
Interview
First round was call with HR (basic screening, why DA, current experience, etc). Second round was a Zoom with two associates, which was mostly behavior but they asked a couple of questions on the industry group that I was apply for and easy DCF questions. Third round was an in person superday, no technicals at all. Nice people, small group in NYC.
Interview Questions
None of the questions were difficult or unexpected, but the most technical question were easy DCF setup questions.

Investment Banking Summer Analyst Interview - Mergers and Acquisitions

Anonymous interview candidate in Chicago
Interviewed: October 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
1 on 1 Interview
Group Interview
Skills Test
IQ / Intelligence Test
Personality Test
Interview
Pretty uncommon process for me personally: Was connected with the bank via a school alumni at the beginning of the summertime, who then forwarded my information to HR. After summer of networking, applied and was sent a request to complete a skills assessment (accounting, M&A, valuation, general finance Q's.) After this I was invited to complete a personality test, then an intelligence test.
First formal interview was virtual with a senior banker, asked me a wide array of both technical and behavioral questions. None of the technical questions were beyond my capabilities, I'd say they were typical WSO guide Q's. Behavioral side was the same, good opportunities to showcase my background and get to know the more experienced staff.
Second interview was the super-day with three junior bankers and one senior banker. Format was two 30min interviews with two people for each interview. First interview was really focused on technical Q's but had lots of opportunities to ask questions about the firm and the culture. Second interview was similar to the first, with more focus on behavioral side "why banking, why this group, why our company, tell me about a deal we've done" etc. Both very enjoyable interviews.
Interview Questions
Tell me how debt repayment moves through the three statements
How would X bad thing happening impact a DCF valuation?

Investment Banking Analyst Interview - Consumer - Retail

Anonymous interview candidate in Los Angeles
Interviewed: September 2023
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
Group Interview
Interview
The super day consisted of being interviewed by 6 total different bankers from the consumer team. It was 2 bankers for 30 minutes, and then it would switch to 2 different bankers in the next 30 minutes.
Interview Questions
What are some EBITDA multiples of agriculture companies currently trading at right now?
Walk us through a DCF step by step
What are the main drivers of an LBO

Equity Research Associate Interview - Equity Capital Markets

Anonymous interview candidate in New York
Interviewed: October 2022
Outcome
Declined Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Personality Test
Background Check
Interview
The process was very smooth. First, I had a 30min call with the HR consisting of basic fit questions and a few technicals, such as "Are you currently following any stocks?". The next round consisted of 1:1 interviews with three Associates. The following round was 1:1 with two Associates and a Junior Analyst. Round three consisted 1:1 interviews with two Senior Analyst. Finally, the last round was with the HoD. There was a 50/50 mix of technical and fit questions. The company cares a lot about the balance between culture, character fit, and technical knowledge.
Interview Questions
Tell me what you know about the EDGAR filings
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