Associate

I had applied to a different role on the company's site, and HR reached out regarding this specific role on the distressed team. It started with an hour long 2-on-1 (all interviews were video) mainly covering my resume/deals while also testing basic technicals and a mental math q thrown in. Second was a 2-on-1 with their two associates covering similar deal related qs and fit. After this, I was given a 6 hour long case study, expected to complete a spread of a company's financials and a 3 page investment write-up on a specific set of bonds. That week, I had 3 1-on-1s with the senior team members, including the group head. I then had a 30 min case debrief with two VPs and a principal. Last item I completed was a 1.5hr modeling test, consisting of basic LBO from scratch and a separate credit specific model (focused on IRR and creation values).

After completing all of these, I did not hear anything back from the team. Overall, maybe 10 hours spent in the process. Most difficult and lengthy interview process I've had to date.