S&T Sophomore JPM interview: How badly did I mess up?

I had an interview for a Sophomore S&T internship position at JPM. The first interview was behavioral, went very well and was able to connect with the interview. The second interview was with a dude who grilled me for 25 minutes on DCFs, WACC, and valuation methods. I definitely fucked up the WACC formula and wasn't able to answer how to calculate the required rate of return on equity (I looked it up yesterday and more or less understand it now.) The third interview went better than the second but I was still a bit jumpy from the second interview and that likely had an effect on my performance.

Are sophomores meant to know DCF formulas and the specifics of WACC or was it likely a stress test? I feel as if I performed relatively well if it was a simple stress test, but I got the WACC formula wrong and had some trouble coming up with the number of valuation methods he asked me to list.

Any thoughts?

1 Comments
 

Nobis minus mollitia porro natus totam ut. Eius debitis consequatur sunt est vero. Et magnam quia aut dolor explicabo est. Nulla nobis sapiente illum quasi neque beatae sint.

Veritatis quia aut rerum minima aut. Esse voluptatem consequatur necessitatibus esse sed dolores non quis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”