Summer Analyst

Status
Intern at
Group/Division/Type
Investment Banking
City
New York
Interviewed
April 2014
Overall experience
Very Negative
Difficulty
Average

General Interview Information

Outcome
Declined Offer
Interview Source
Other
Length of Process
Less than 1 month

Interview Details

What did the interview consist of?
Phone Interview
1 on 1 Interview
Please describe the interview / hiring process.
My initial communication with TM occurred after emailing a the firm inquiring about summer internships. A fourth year associate emailed me back later this week and asked for my specific GPA, and SAT scores broken down. After I submitted both, he emailed back a week later and said he would do a first round "fit" call later that week. The first call went very well...story, interest, why IB, why TM, preferred industry, etc. It was a healthy mix of conversation as well as question and answer. The call might have lasted 15 minutes, and upon finishing up the analyst said he would have another analyst in the Boston office call me later the week after for a second round interview.

The second round interview was basic technical questions. Three ways to value a private company, walk me through a DCF, and some basic math problems. The rest of the interview was all "tell me about your story type questions" and that was about it.

A week later I went to the Atlanta office for a 3rd round, in person interview. All went well, and the team skyped the NY office so I could meet some of the higher MD's. The interview was very "fit" based, and not very technical. After the hour-long meeting, I left and felt like I did well.

Around three days later I received an email from the original associate I had talked to. They offered me a summer analyst role, with a very small stipend at the end of the summer (~1500) as well as a free metro card for the summer.

The culture of TM Atlanta and NY was very typical of a small firm. Strong bond between the >20 people at each office. Most of the analysts, associates, and VP's all were into local sporting events and all seemed to be well-rounded and bright. For the most part, all were from elite private schools along the East Coast, with a sprinkle of Ivy Leaguers. In no way was the feel elitist or even intimidating, but their was a clear fraternity like spirit amongst the firm.

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