D.A. Davidson & Co Interview Questions

22 total interview insight submissions
Interview Experience (96%)

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 (89%)

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.

2.8
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (34%)

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

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Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
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
1st Year Associate
Year 2022
Job Title 1st Year Associate
Group/Division Financial Institutions Group (FIG)
Location New York
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2022
Job Title 1st Year Analyst
Group/Division Technology, Media and Telecom (TMT)
Location Portland
Experience
Positive
Difficulty
Average
Summer Associate Intern
Year 2020
Job Title Summer Associate Intern
Group/Division Generalist
Location Salt Lake City
Experience
Positive
Difficulty
Average
Intern
Year 2021
Job Title Intern
Group/Division Investment Banking
Location Denver
Experience
Positive
Difficulty
Average
1st Year Analyst
Year 2021
Job Title 1st Year Analyst
Group/Division Generalist
Location Denver
Experience
Neutral
Difficulty
Average

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

Analyst Interview - Investment Banking

Anonymous interview candidate in Salt Lake City
Interviewed: October 2023
Date Submitted: Feb 10, 2024
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?
Sample Answer

Analyst Interview - Equity Research

Anonymous interview candidate in New York
Interviewed: November 2023
Date Submitted: Jan 09, 2024
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.
Sample Answer

Investment Banking Summer Analyst Interview - Mergers and Acquisitions

Anonymous interview candidate in Chicago
Interviewed: October 2023
Date Submitted: Nov 01, 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?
Sample Answer

Investment Banking Analyst Interview - Consumer - Retail

Anonymous interview candidate in Los Angeles
Interviewed: September 2023
Date Submitted: Oct 25, 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
Sample Answer

Equity Research Associate Interview - Equity Capital Markets

Anonymous interview candidate in New York
Interviewed: October 2022
Date Submitted: Dec 21, 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
Sample Answer

Research Associate Interview - Financial Institutions Group (FIG)

Anonymous employee in New York
Interviewed: April 2022
Date Submitted: Apr 21, 2022
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Personality Test
Interview
Standard interview process. Applied online for their Research Associate position, was reached out to by HR via email to set up an introductory call for the following week. Call with HR was mainly behavioral with a few basic technical questions, such as difference between sell-side and buy-side, any stocks that I'm following, experience with researching companies. Round 2 was a 30 min, 1 on 1 with the lead analyst for the group, all behavioral. Was contacted after about a week with an invite to superday. Superday was five interviews, with 3 associates, a senior analyst of the group, and the lead analyst from 2nd round, each 30 min. Superday had a mix of behavioral (background, why ER, why Davidson, tell me about a time, etc.) and technical (tell me about a stock you're following, anything I found interesting in the market, what's a stock you would short, valuation multiples.) For the stock pitch just keep it concise while including catalysts, they're looking for general knowledge. As for the short, they aren't looking for an in-depth answer just wondering if you can provide rationale for why that stock in particular.
Interview Questions
The short caught me a bit off guard, but I luckily quickly researched a stock a couple of days before just in case., What's a stock that you would hold for life?, What's an investment theme that you've been following?
Sample Answer

Tech Analyst Interview - Technology, Media and Telecom (TMT)

Anonymous interview candidate in Portland
Interviewed: February 2022
Date Submitted: Mar 25, 2022
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
Applied through their website and heard back from HR within the afternoon or next day to setup first interview. First rounds here usually will be with HR on fit with 1 or 2 technical. What are the 3 valuation methods? (go into extra detail about what they are don't just list them off) Then you will talk with associate or analyst for about half and half. Was told fit is a big deal here to the point that it is a fault. Why DA David? Say something like its a big bank with a small company feel and also a small bank that has resources. If you want to be on the tech team New York or Portland is where you want to be. Currently (very early 2022) Salt Lake or Boston for tech is not ideally where you want to be if your just starting out from what a former VP at the company told me.
Interview Questions
How do you plan to handle the hours/stress?
Sample Answer

Investment Banking Analyst Interview - Generalist

Anonymous interview candidate in Salt Lake City
Interviewed: November 2020
Date Submitted: Sep 30, 2021
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
Group Interview
Interview
The first step was easy, the recruiter called me and basically went over my resume and confirmed my interest in IB. From there on, I was scheduled for a super day, where I met 1-on-1 with two people and had a group interview with 4 Analysts/Associates. The questions were typical IB questions and behavioral
Interview Questions
There weren't any unexpected questions ask, it was pretty straightforward.
Sample Answer

Summer Investment Banking Analyst Interview - Investment Banking

Anonymous employee in Denver
Interviewed: March 2021
Date Submitted: Aug 27, 2021
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
Other
Interview
Applied online. Had 2-3 interviews with HR, analysts & VP which asked behavioral and technical questions.
Interview Questions
The most difficult questions were of course the technical ones, which included accounting and valuation methods. Overall the questions were a medium difficulty.
Sample Answer

Analyst Interview - Generalist

Anonymous interview candidate in Denver
Interviewed: March 2021
Date Submitted: Aug 19, 2021
Outcome
No Offer
Interview Source
Recruiter
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Skills Test
Interview
Overall interview process was pretty standard with an initial phone screen with the recruiter who asked a few tech questions, followed by a 1:1 with an associate, 1:1 with a VP, a skills test, and a group interview.
Interview Questions
Honestly nothing they asked was overly difficult; just follow normal guides and you’ll be fine.
Sample Answer