Stephens SA 2025
Apps opened today, creating thread for updates
Trending Content - Investment Banking Forum
| +178 | Americas M&A League Table Q2 Updated | 74 | 29m |
| +132 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 27 | 17m |
| +109 | Restructuring: Anti-climactic Experience | 29 | 29m |
| +80 | IB Net Worth / Savings Check | 31 | 40m |
| +74 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 1d |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 1d |
| +39 | Investment Banking is Hard | 17 | 21h |
| +31 | PWP vs BofA | 23 | 3h |
| +25 | Who pays the highest right now? | 14 | 3h |
| +21 | Big 4 Transaction diligence (FDD) vs Valuations and modeling for goal to get in IB | 5 | 4d |
Career Resources
Anyone here network?
Tried to as much as I could. Only managed to get on two calls and no responses other than that.
networked for 2025 analyst class with three people but no response. Anyone else hear back?
nobody will hear back until the last week of August/early September
Got an invite for a 1st round next week. No networking and semi-target. Guess we'll see how it goes lol
Have you heard anything abt the interview process
What city
office?
office?
does anyone know which sector at Stephens has the most deals in each - Dallas, LR, Atlanta and DC?
Also what factors did you all consider while choosing which city to apply to?
Dallas - Energy group
chose Dallas because they have the hottest girls (also have a connection there)
near college town?
Atlanta - Specialty Finance
a bunch of my buddies acc go to stephens (im at a diff bank) lol
bump
i resume dropped when it opened and just got an interview invite for next week. surprised as i didn’t even network and i go to a non target.
For the internship ?
Which city?
nyc
Anyone hear back from superdays?
apps opened aug 2nd what superdays?
Fr😂
The MD son superday ☝🏽
Last year SA first round interview invites were extended August 24th for LR office. Still some time before then.
any other info from last yr?
First round invite received
.
which city?
del
office?
Does anyone know which groups work out of the NY office? Interested in RX, debt advisory, and TMT but unsure if those groups are based in NYC
TMT is partially in Boston afaik. Atl is ECM / Retail because of Roark. Little Rock is main office so everything. NYC is also everything afaik. Not certain but that’s as much as I know
can anyone shed some light on stephen’s recent performance? have they been doing better YoY. applied to nyc!
Got Rd 1 interview - surprised as didn't network + non-target. Anyone have any insights into interview process? Is it technical or behavioral for Rd 1?
I’ve seen some comments from the past saying it’s mostly behavioral with light technicals…not that helpful but thought I’d share lol
That actually helps a TON- thanks!
Which office?
NYC
office?
NYC
I happened to just get a first round for SA 26, do you remember what type of questions were asked?
Basic IB technicals and behaviorals
Which office?
Any one interview? And how was it
Bump
Bump
Pretty standard first round w basic techs. Thought it went well, lets see
office?
Anyone get ATL first round?
Bump
Is the program generalist?
Yes
Stephens banker here, fire away with questions
does the nyc office have rx? is the internship generalist across m&a and rx?
Yes, but they are a very small group and not hiring. Only 1 MD, 1 Associate, and 1 Analyst.
How many rounds before SD? When will second round invites be out?
How is the deal flow in the NYC office? How long do you take to notify candidates for R2 interviews?
i heard back this evening
how heavy are techs round to round?
Are first round invites out for ATL office?
Are dallas group invites already out?
Does anyone know when apps close? I’m trying to network before submitting app.
Not sure but you should submit asap and based on the fact that some people have said that they’ve gotten an invite w/o networking, I don’t see the point
Is there an opportunity to work on RX desk in the internship?
Anyone hear back for ATL FT?
Nope. Applied when they opened (non target + essentially no networking + non div).
Anyone get a R2 invite for NYC?
Yep
did u guys hear back yet?
Can '24 graduates apply for 2025 analyst role?
How do you know if you got dinged? I submitted my application on 8/2 and still haven’t heard anything. Anyone else in the same predicament?
Same boat.
Me too
In the same boat, assuming I got dinged.
Don't see anybody here mentioning Dallas which is where I applied, so I'm holding out hope
How long does r2 take to come out after r1
Varies based on office. NYC should take a couple days, no longer than a week as SPDs (R3) are last week of August.
Not true btw. More rounds and Spd in September
do you not hear back at all if you're cooked or do they let you know that they won't be moving forward w/ u
Was told by analyst that we should hear back on round 3 in next few days
Round 2s still going on though, They are wrapping up Rd 1s this week
how was r2 compared to r1? technicals wise bc r1 was light work
bump
If i didn’t get a R1 by now am I cooked
Depends on office, haven’t seen anyone refer to Dallas yet R1 yet
NYC, heard people alr heard back so assuming it’s done
Anyone get ATL R1s yet?
Have interviews started for the Littlle rock office ?
What’s the furthest round anyone for NYC has heard for?
heard back + did r2 this week
How was it compared to r1? difficulty wise(behavioral and techs)
The questions so far have been relatively easy, mostly basic accounting and valuation concepts. It feels like the first three rounds before the superday are more about seeing whether you'll be a good fit for the team
anyone hear back for a round 3?
h
Anyone hear back round 3 NYC?
Not yet
Had my r1 this past Tuesday evening and haven’t heard back. Am I cooked chat
did you hear back?
Nah I’ll wait till tmr afternoon but looks bad rn
m
Got a first round next week - no networking, non target
which location
ATL
anyone hear back for a round 3 for nyc?
Not yet, little worried lmao. I always got my invites first thing Monday
I heard back got a r3 interview
Did u hear back today or last week?
when did you have your r1 and r2
Had r2 last Friday and it went well, haven't heard back yet. Will update when/if I do.
awesome thx - when was your rd 1?
Same, a bit worried now lol
for those that already got interviews do they ghost you if you aren't moving on in the process
Got a first round invite for Dallas
What group
There is no specific group
Have you gotten superday notif yet? Got my R1 at the same time as you but haven't heard anything yet :(
So does anybody have any intel on Rd 3 NYC?
No got me stressing
anyone hear anything this morning?
I did fumble one question a little but thought I did well enough to move on. Was told we would hear back on next round in few days (interview was last week) so… I’m guessing didn’t get it
Same haha I feel like after today it could be wraps…but who knows
Been about a week since my Round 2 so i’m really curious. Maybe they are waiting for everyone to complete rd 2?
hopefully, i’m in the same boat as well
Anyone here back for FT?
yes
What location?
Anyone R3 NYC?
yeah I did but lowkey didn’t go great :( associate said they will decide superdays by the end of the month
Ah was it more technical than other rounds?
Had 3rd round beginning of the week, went pretty good. Technicals were more scenario based and stumbled through one part so we'll see I guess. Not sure when they were planning on letting everyone know about superdays or if they just ghost
how long wait between 2nd round and 3rd round?
Had a first round for NYC a few days ago and haven’t heard back. Do they send reject emails or ghost?
Think they ghost you.... Had a Rd 1 about a week ago and never heard back unfortunately...
Anyone have a R1 w Atlanta yet? Just got R1 for next week.
same, got a r1 invite today for ATL
Just got my r1 today for Atlanta
Has anyone heard for R2 in ATL?
del
How was R1?
waiting to hear. had my r1 on Friday
Any updates on ATL?
waiting to hear as well
anyone hear back for superday NYC?
bumping
.
are all r1s out?
Anyone hear back for R2 Atlanta ?
Still waiting…
Quo inventore consequatur facere sit temporibus quas incidunt. Rerum perferendis maxime odit qui est eaque. Veniam doloremque ipsam maxime explicabo. Voluptatum ad non illo ullam sapiente aut. Delectus dolor similique nihil omnis enim. Vel deserunt unde consequuntur provident nesciunt autem.
Nesciunt soluta sit illum tempora laboriosam. Commodi omnis omnis in aut. Praesentium consequuntur nihil commodi. Qui ipsam eaque culpa ratione. Officia sit id quis. Exercitationem ut necessitatibus fugiat voluptatibus quo.
Veniam est officiis ut exercitationem iste sint provident. Delectus delectus enim molestias impedit sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Nihil officia nulla fugiat beatae. Consectetur quis non in molestiae cupiditate et. Perspiciatis sunt et aut cum inventore iure neque.
Tempore libero voluptatum et praesentium impedit et. Hic magni atque doloribus ut magni. Explicabo asperiores quas magnam possimus vel occaecati accusantium itaque. Molestias facere consequatur cum recusandae. Nesciunt omnis animi voluptate mollitia iure quibusdam aut corporis.
Aliquam distinctio eos accusantium cumque officia beatae quia. Ea omnis necessitatibus sit quia. Accusantium qui eum ut neque quia recusandae. Ipsum veritatis repellat sunt enim et atque recusandae. Rerum et consectetur nemo rerum porro enim quae. Magnam delectus quam quibusdam architecto sit.
Sint quia itaque cum reprehenderit delectus eveniet sequi. At tenetur exercitationem hic provident tenetur id. Enim nobis omnis vero sit voluptatibus iure est quibusdam. Doloremque possimus expedita rem. Repellendus dolores ratione suscipit vel. Non repellendus quia quibusdam sint dignissimos.
In vero ipsa ratione sit et nisi ea eligendi. Provident fugit autem molestiae nemo. Iusto quos assumenda illo a. Tempore quidem itaque est est fugit eveniet animi. Ea officia error ipsum placeat commodi quia. Cupiditate dolore culpa molestiae similique ex.
Deleniti nihil quos consequatur quae sit. Et quae incidunt illo quo.
Numquam eveniet distinctio ad. Voluptatem similique similique soluta et officia voluptas molestiae. Ad et qui sequi voluptatum quibusdam.
Autem saepe esse qui unde iste. Est qui quisquam consequatur delectus. Quae atque voluptatum culpa modi.
Ut placeat repellat omnis. Qui voluptatem dolore autem ut. Odio tempora et debitis et veniam est vero.
Repudiandae a explicabo aliquam impedit officiis enim. Quia nihil eos harum itaque autem illum suscipit.
Maxime placeat sequi rerum eum iste. Harum nostrum exercitationem eaque at modi porro. Quae debitis quae consequuntur a. Facilis quis itaque dolore necessitatibus nihil. Earum aut fuga praesentium quis alias voluptas. Soluta ut amet ut. Odit ex molestiae quibusdam fugiat odit harum.
Vel sequi quas omnis aspernatur architecto. Voluptatem officiis laudantium est libero. Alias ipsa praesentium culpa.
Unde debitis consequuntur et dolores quam laboriosam. Sunt aut ducimus quia assumenda a. Officia ipsam ut itaque aut. Numquam rem incidunt quis eius quia eveniet dolorem illo. Laboriosam omnis maiores rerum dignissimos. Alias blanditiis corporis quae aspernatur alias omnis veritatis.
Maiores ab rerum ut doloribus beatae vero libero. Quis est non laudantium fuga enim. Consequatur eos ipsum doloribus temporibus sit. Quia tenetur eum labore et ut excepturi et. Vel nesciunt magnam sit et modi. Ut facere nihil reiciendis vitae et ut porro sint.
Ut asperiores aperiam molestias eligendi quos totam. Tenetur distinctio placeat cum fugiat voluptatibus tempora. Consequuntur quia sit ratione reprehenderit. Aut at labore enim dolore necessitatibus. Praesentium voluptas inventore mollitia neque nostrum ducimus.
Accusantium tempore non aut rem accusantium quibusdam. Sunt quia ducimus in sit odio adipisci corporis. Dolorum qui voluptate qui et et quos temporibus repellendus. Consequatur eaque nihil velit voluptas dolorem voluptatem nobis.
Dolorum non eius sit voluptas quis necessitatibus alias. Dolore quasi quidem officiis et qui nam. Aut odit et occaecati quia harum. Repudiandae quo nihil qui officiis. Alias labore beatae labore harum qui qui sunt. Autem tenetur itaque qui. Velit sapiente ut voluptas maxime.
Molestiae deleniti at modi impedit sunt consectetur eos et. Voluptatibus a autem vel odio explicabo.
Nam sit tempora accusamus veritatis nihil exercitationem sapiente. Ullam voluptatibus velit dolore ut aut.