Investment Banking Analyst

Status
1st Year Analyst at
Group/Division/Type
Investment Banking
City
New York
Interviewed
January 2021
Overall experience
Very Positive
Difficulty
Difficult

General Interview Information

Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
2-3 months

Interview Details

What did the interview consist of?
Phone Interview
1 on 1 Interview
IQ / Intelligence Test
Background Check
Please describe the interview / hiring process.
Overall it was a pretty straightforward process but it takes a long time. You start off with a 50 questions in 15 minutes IQ test. Then a couple weeks later a SparkHire interview which is a mix of "Why FT" but also technical questions like "How do you value a company with negative earnings". A couple weeks after that you could be asked to give times for two 1 on 1 interviews. Those were pretty technical but also they really want to know why you like the firm and investment banking. After that there is a super day with around 5 1 on 1 calls that are both technical and general. One of those is an hour long "Case Study" which asks you to go through a company and DCF (you don't need to build a model). If they like you after all of that then you speak to the CEO and maybe have a reference check. Overall, its a pretty long process.
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