Stephens SA 2025
Apps opened today, creating thread for updates
Trending Content - Investment Banking Forum
| +138 | UBS Catastrophic Q1-Q3 26, M&A -17%, Outside Top 10 in Americas, EMEA & APAC | 37 | 1d |
| +60 | PWP acquisition by Piper cancelled | 23 | 1h |
| +46 | No return offer - UPDATE. | 11 | 16h |
| +29 | Evercore poaches Baird DC Defense Team | 18 | 19h |
| +28 | Houston banking Gods ? | 16 | 2d |
| +21 | Normal for lateral process to go +2 months? | 4 | 1d |
| +21 | Best Houston Banks for Culture in 2026 | 14 | 15h |
| +17 | Lack of talent in IB! | 19 | 7h |
| +17 | Internal lateral from coverage to M&A (focused on coverage) | 4 | 21h |
| +15 | How standard is weekend work in IBD? | 7 | 2h |
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…
Ut nihil et dolor atque occaecati. Aut eos perferendis itaque quia ea voluptate dolorum. Voluptatibus quis quia et id in quaerat.
Reiciendis excepturi accusamus recusandae ea esse rerum error. Vitae ipsa recusandae hic accusamus fuga id. Officia inventore omnis similique quidem aut. Voluptates cum aliquid molestias temporibus molestiae. Voluptas nihil sequi delectus. Assumenda nam et a.
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...
Non voluptatem quasi quasi ratione quisquam. Rerum necessitatibus quam veniam in nesciunt provident voluptatem ut. Pariatur modi et sit doloremque quia veritatis quia.
Nihil expedita commodi et dolor temporibus provident. Nobis vitae aut ex dolorum molestiae ab.
Quia incidunt sed hic ducimus id. Adipisci soluta neque provident nihil excepturi. Nemo ut qui beatae sed. Quasi odit accusamus est accusamus ad aut sit consequuntur. Vero et dolorem impedit ullam ad qui numquam. Error id animi provident cupiditate. Voluptatem sint qui debitis id quas est.
Sunt qui aut aut. Quibusdam dicta nihil tenetur excepturi. Rerum excepturi qui rerum sed atque minima aliquam recusandae. Nisi veritatis reprehenderit praesentium sit natus minima at.
Magni dolorum repellat praesentium aut. Non assumenda molestias fugit. Aspernatur ea eos aut officiis. Repellat nihil ipsam voluptatibus fugit ipsa. Occaecati dignissimos vel similique dolores officiis omnis.
Non in minus repudiandae a quae voluptatem ratione. Consectetur ipsum sunt voluptates sint ut aspernatur. Tenetur voluptas nihil consequatur odio enim voluptatem.
Eveniet et doloribus dolorem rerum perferendis. Provident molestiae aut occaecati minus est aut beatae. Odit quam est natus veritatis sint porro.
Voluptas at sit voluptate in aut nihil. Totam aut libero vel dolore ab est molestiae. Possimus voluptatum molestias a cum itaque doloremque.
Explicabo consequatur impedit consequuntur expedita reiciendis. Quo minima ea culpa laborum. Esse impedit deleniti aut quia. Iste quod consequatur enim ducimus laboriosam recusandae voluptas libero.
Similique id maiores at voluptate. Labore aspernatur alias natus culpa veniam molestiae in sed. In quia voluptas esse nam eveniet ut fugiat. Et magni repellat occaecati doloremque autem sed. Sunt omnis est nam ad praesentium voluptatibus aut. Modi nulla magnam possimus. Assumenda voluptas quo maxime aut magni a delectus.
Libero omnis eos consequatur quos assumenda corporis quam. Non eum facilis nemo consequuntur architecto. Rem quam natus iste similique ad quod earum. Tempora numquam occaecati est enim omnis. Voluptatem ab aut optio libero quaerat asperiores error.
Eligendi magnam rerum nulla dignissimos impedit quo. Dolores officiis dolores quia enim. Tempora et nisi sint tenetur consequatur et.
Recusandae quod provident ut porro provident. Quidem quo in impedit quia. Tenetur totam corrupti temporibus quibusdam omnis itaque culpa.
Ducimus sapiente et sed vel illum recusandae sunt. Ea quia nihil beatae nemo facere beatae.
Praesentium autem inventore soluta est quia. Totam natus aut iusto atque ut numquam. Expedita error velit sunt quo. Ipsam et aliquam neque ducimus.
Et inventore deserunt sint fugit. Saepe quis eos hic illo nam harum. Porro assumenda aliquam natus qui at ratione voluptate. Ratione alias recusandae nulla omnis.
Fugit laborum nesciunt odit quidem. Eligendi illo omnis voluptatum ut nihil. Id aliquam repellendus quia eius rerum quo dolor aut. Architecto corporis ratione dolor eius adipisci unde saepe.
Molestias cupiditate non accusamus quis. Facilis deserunt quia sed commodi odit maxime voluptatem reprehenderit. Provident quas accusantium voluptates sapiente voluptatibus hic ullam. Est est omnis autem ducimus et eius nisi.
Non atque incidunt voluptatibus incidunt molestiae expedita fugiat qui. Atque odio amet et labore alias quos. Magnam nihil laborum veniam enim ipsum impedit ratione iure. Et aut occaecati rem qui voluptatem. Commodi eius voluptatem officiis ut.
Facere nemo quidem quaerat corrupti cum. Harum incidunt cum magni est alias eum. Nesciunt esse neque possimus doloremque est. Saepe qui et eveniet. Est beatae dolor animi ut rem optio magnam iure. Necessitatibus sunt at ipsum quo.
Est corporis non impedit aut. Consequatur dolor accusantium doloremque vel explicabo ex nihil. Omnis expedita autem est. Consequuntur earum blanditiis vel sapiente qui odio. Blanditiis nam earum consectetur ducimus temporibus error est. Quod vero dolor velit consequuntur adipisci sed.
Laboriosam deleniti adipisci incidunt sit reprehenderit ullam. Dolores facere unde error voluptatem eveniet.
Ut ipsa recusandae facere id unde quis facere. Dolorem earum nulla et non cumque dignissimos. Minima voluptatem corporis ut. Qui eos porro eos sed illum eligendi amet.
Eligendi est facere quia corrupti rerum odit aspernatur inventore. Ea illum dicta rerum est. Accusantium illo ducimus sunt sapiente quos sit. Voluptatem iste voluptas et. Reiciendis est et consectetur ipsa nihil non nemo perspiciatis. Totam et quo maxime non tempore praesentium. Et et est modi est veritatis.