13 Comments
 

Very technical, can tell BS right away, and u have to have a good answer to why jef

 

Not specific to Jefferies, but I'd argue Accounting and valuation concepts form the foundation for all other technicals. You should be looking to get those concepts down regardless of where you're interviewing, as those two are by far the most asked about concepts, and most other concepts (Merger models, LBO, DCF, etc) all revolve around core accounting and valuation concepts.

 
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I did SD for SA 2022 in late July. Didn't get offer. They have 1 technical interview with a few behaviorals mixed in. The other two interviews were completely relaxed with not much structure. Mostly resume based questions, why Jeff, why banking, what are your interests, and other stuff like that. Recruiter told me my interviewers liked how technically sharp I was but that I didn't seem enthusiastic enough. Not sure if you're a guy or gal, but for me personally as a guy I don't smile every word and shit so maybe I didn't come off as excited enough. Really try to be upbeat as possible as fake it if necessary. It's mostly fit based as the questions are fairly standard and easy with not much to differentiate yourself. Obviously your interviewers and questions could vary, but these were my experiences. You won't have lower guys interviewing you. All of mine were either VP's or MD's. Best of luck

 

I am an incoming analyst at Jefferies and I second this. I had two other superdays before my JefCo SA superday at a BB and a top EB that I didn't convert. Got all the technicals correct all throughout my first two superdays so obviously it came down to fit (I was pretty stiff). I was surprisingly relaxed/personable in my JefCo interviews and I think that was the reason why I got the offer at the end of the day. I was able to connect with my interviewers, express my interest in the firm/group, and also show that I am more than just my technicals (which ngl I was told was the most important part but if you ask me it isn't).

 

Non-target here who secured a SA offer with Jefferies earlier this summer.

Technicals were fairly straightforward and nothing out of the ordinary for me (basic accounting/3 statements, DCF, and general understanding of what makes a company healthy from a financial standpoint). I personally had a case competition listed on my resume and a VP had me dig pretty deep into how we composed cost of debt/equity, terminal values, and a few curveball questions on how you would adjust for risk in other countries. I was calm throughout and sounded like I knew my shit/had some awareness, which was probably what they were looking for. I even got a bit of a friendly lecture on how they would have valued the company in my case competition differently. Overall, my “technical” interviews ending up being more qualitative than quantitative - talking the “business” side of things like customer concentration or different revenue streams rather than just knowing numbers won me some points with the interviewers.

Keep in mind I was interviewing for a specific industry group. I received lots of questions about the industry’s trends and deals, which I was prepared for and personally passionate about.

Do your best to get to know your interviewers and get them talking. I shared an interest in computer science and sports with the associates/VP’s interviewing me, and as someone who is typically nervous as fuck during interviews, this made me feel at ease as if I was speaking with a friend. I thought “culture” was a horseshit consideration throughout the recruiting process, but it did help to have some sort of collegiality with the interviewers. Also consider that this was all online and with substantial networking done to back up this specific process.

First time posting on WSO so I hope this helps somewhat.

 

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