dbAcheive Corporate Finance: Investment Banking Sophomore Summer Analyst

Status
Summer Associate Intern at
Group/Division/Type
Investment Banking
City
New York
Interviewed
January 2023
Overall experience
Very Positive
Difficulty
Easy

General Interview Information

Outcome
Accepted Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month

Interview Details

What did the interview consist of?
Phone Interview
1 on 1 Interview
IQ / Intelligence Test
Please describe the interview / hiring process.
Online applications opened through the workday portal, where resumes, essays, and cover letters were collected. Employees submitted referrals and about 100 first-round invitations were sent out a month later. First-round interviews were conducted over Zoom and consisted of a 30-minute one-on-one with an analyst in corporate finance. No technicals were asked, only behaviorals. The day after, Superday invitations were sent out for the following week. There were about 30 Superday invitations accepted. The Superday consisted of two back-to-back 30-minute interviews with Managing Directors within Corporate Finance. Neither of these interviews asked behavioral questions, although I heard other candidates received technical questions in all three interviews. Superday results were announced almost a week later by phone call, with official written offers the next day. Between 10 and 20 offers were extended within the corporate finance (investment banking) division specifically. I would recommend to future candidates to network rather in-depth as candidates that received offers had multiple referrals. Loyalty for two summers was expected and emphasized alongside the offer letter.
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Other Interview Data

Associate (Vice President)
Goldman Sachs, CHICAGO, 2016
Trader (Vice President)
HSBC, New York, 2022
Vp (Vice President)
Morgan Stanley, New York, 2021
Vp (Vice President)
Morgan Stanley, New York, 2021
Quantitative Strategist (Vice President)
Morgan Stanley, NA, 2020

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