Summer Analyst

All interviews were over the phone. First one with an analyst, second associate then third with VP. After that in person super day in Little Rock Arkansas no matter what office applying for. All Interviewers were from the office you applied for but different groups across the board. You get sent email from the interviewer so you have time to research them and you coordinate the interview time with them yourself.

Both 1st and 2nd round interviews with analyst and associate were very light on technical questions. Basic walk me through 3 statements, 3 valuation methods, EV & EQV questions. I believe there was a strong focus on why you are interested in Stephens as they pride themself on being family owned and also why you want to work at a MM shop.

The third round with the VP was harder. Definitely pressed into my resume pretty hard, asking some specific questions about my experiences and also asked to dive deeper into technical questions. All pretty basic concepts around accounting, DCF, and valuation but liked to ask follow ups on the basics ( I.e. explain when you would use PGR vs. exit multiple, list line items on all 3 statements, how would increase in AP affect cash flow, when would PE pay more than Strategic).