How many rounds at MF?

At mega funds (MFs), the interview process typically involves multiple rounds, and the structure can vary depending on the firm. Here's a breakdown based on the most helpful WSO content:

1. Number of Rounds:

   • Generally, there are 3-4 rounds of interviews.
   • The first round often includes a modeling test (e.g., a full 3-hour model or a shorter operationally focused test like a paper LBO).
   • Subsequent rounds include technical questions, case studies, and behavioral interviews.

2. Speaking to MDs:

   • Yes, you typically speak to MDs or Partners after completing case studies or technical rounds. This is often part of the final stages of the process, where they assess your fit with the team and your overall candidacy.

3. Final Rounds:

   • If you make it to the last round, it often involves a more informal setting, such as a dinner or a meeting with senior team members, including MDs or Partners. At this stage, you're usually 90% through the process.

Let me know if you'd like more details on any specific part of the process!

Sources: Q&A: 2nd year BA/A/AC at MBB going to UMM/MF in 2020, What are hedge funds interviews like?, Q&A: 3rd year analyst at a boutique PE fund in the SEA region, Q&A: 2nd year BA/A/AC at MBB going to UMM/MF in 2020