Stephens SA 2021

Didn't see a thread here for Stephens so starting it now. Heard that phone screens have been going out, any advice on how to best prepare?

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (158)

  • Prospect in IB - Cov
Aug 10, 2020 - 9:43pm

Did anyone finish the phone screen for FT and heard back? Was wondering what the timeline was looking for that.

  • Intern in IB - Gen
Aug 11, 2020 - 8:33pm

I had a phone screen already after applying for FT. Was asked all behavioral, felt more like a conversation to be honest.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Intern in IB - Gen
Aug 11, 2020 - 8:40pm

Screen is fairly simple. Walk through resume, why IB, why Stephens, can you describe investment banking. Hardest question I got was briefly ways you could value a company.

  • Prospect in IB-M&A
Aug 15, 2020 - 4:53pm

Gnarly. My first screen was pretty technical but they were really easy. Second interview had some technicals but I could tell they really care about the culture and put more weight on that.

I didn't get 100% of the technicals right in my second interview but I'm moving to the third round sometime in the next couple of weeks.

  • Intern in IB - Gen
Aug 16, 2020 - 8:54pm

Sorry to hear that everyone. Curious to know if tough technicals was for FR or SA and if it was through general application? It may have been because of connection, but my screens were pretty much all behavioral and moving on.

  • Prospect in IB-M&A
Aug 16, 2020 - 10:13pm

it was for SA and it was through connection, it was shocking since you dont expect first rounds to be heavy on techical

Aug 17, 2020 - 7:16pm

Mine started with him asking about valuation methods and which ones use multiples. It then got pretty heavy into LBO's. Know dilution vs accretion. Also, how all the ins and outs of which valuation methods & terminal value methods provide the highest and lowest values.

  • Prospect in IB - Cov
Aug 18, 2020 - 12:43am

SO I read what you wrote about the multiple vs perpetuity method and you said the answer was perpetuity bcuz of market premium. Shouldn't it be the other way around and the exit multiple being higher due to a market premium when comparing it to peers?

Most Helpful
Aug 18, 2020 - 12:53am

I believe the answer is actually that the perpetuity method is generally higher because it assumes never-ending growth. I dont believe that it actually has much to do with premiums. Additionally, you do use multiples for precedent transactions. That is the whole point, you compare transactions, then apply their multiples to the companies current situation. I deleted most of the post because I reread it and felt it unintentionally sounded like I was bashing the analyst, which wasnt my intention. He was a cool guy. I just wanted to let people know the answers their interviewer might be looking for.

Aug 11, 2020 - 10:54pm

Anyone have any insight on Stephens in general? What are they know for? Do they have good deal flow? That sort of thing

Array
  • Prospect in IB-M&A
Aug 17, 2020 - 1:57pm

I had NY first round and thought I did pretty well but havent heard back. its been like 4 days. anyone else?

  • Prospect in IB - Cov
Aug 17, 2020 - 2:19pm

Was this FT? I received word for a second round end of last week and finished the second round this week. Good luck

Aug 17, 2020 - 2:52pm

8/10 was my first round, 8/13 a second analyst reached out (but haven't done an interview with him, oddly), 8/16 a third analyst reached out and had an interview with him today.

First interview was all behavioral, second was majority technical (although they were all pretty basic) with a few qualitative.

Aug 19, 2020 - 8:55pm

How was the third interview? technical? behavior? mix? 

Array

  • Prospect in IB-M&A
Aug 19, 2020 - 4:30pm

I got the walk me through your resume and 2 technicals the first was about WACC I admitted I didn't know it and would learn it the second I did a DCF walkthrough and was told that it sounds right. He said that's all I have for you and have a good day pretty much and hung up.... thinking that it's GG for me.

Aug 19, 2020 - 9:03pm

Had 2 interviews so far. One last week one this week. The first one was mix of behavior and basic technicals. The second one was heavily technical, covering question on accounting, valuations, and outside of the guide questions. Anyone know any insights regarding the recruiting timeline? 

Array

  • Prospect in IB - Cov
Aug 19, 2020 - 9:24pm

Did you get a third round. And for what office? And any other info on the process you got from your interviewer on next steps?

Aug 24, 2020 - 3:14pm

NY. No update for 3rd round. The interviewer was quiet unsure regarding the next step. He said the firm would get back to me within a week or two. 

Array

  • Intern in IB - Gen
Aug 19, 2020 - 11:49pm

Any idea on FT timeline? Have had screens with associate but wondering if anyone has heard much on next steps after that phase.

  • Prospect in IB - Cov
Aug 21, 2020 - 1:52pm

Was this for NY? And what did the interviewer ask you in the third call if you don't mind sharing?

Aug 24, 2020 - 2:02am

Update: Just had another analyst reach out for a third round that will take place Monday or Tuesday. The pace seems to be about 1 interview per week at this point. I'm hoping these phone screens will be over soon so we can get to the Superdays.

(This is for SA, NY office)

  • Prospect in Other
Sep 3, 2020 - 4:17pm

To be very frank, I've never even heard of Stephens until it was on my school portal

  • Analyst 1 in IB-M&A
Sep 14, 2020 - 5:24pm

I had a phone screen with them while ago.
Accepted another job but they definitively already had 1st round. 

Sep 23, 2020 - 5:03pm

Quae ipsam exercitationem est occaecati ducimus labore tempore. Asperiores ipsam dolor beatae qui. Impedit exercitationem nisi suscipit. Blanditiis iure corporis magnam minima aut.

Vero in ut aut illum expedita. Culpa vero cupiditate unde aperiam sint nostrum. Incidunt eum mollitia sint est rerum. Nam sequi quia rerum. Ipsam possimus aut ut aperiam molestiae.

Array
Sep 23, 2020 - 5:10pm

Sunt magnam quia perspiciatis aspernatur eos. Modi facilis sapiente earum repellat. Ea mollitia cumque nihil quae praesentium ex. Atque expedita aliquid maxime illo et adipisci voluptates totam.

Qui ut fugiat numquam sunt nostrum. Commodi ut molestias quia quas nesciunt. Consequatur asperiores assumenda reiciendis dolorem est assumenda incidunt.

Culpa iusto voluptatem perferendis accusamus. Nisi quibusdam sit incidunt et cupiditate. Sequi laudantium nihil architecto quia ut. Molestiae qui nesciunt delectus quia rerum natus. Deleniti sequi distinctio molestiae officiis dolorem. Molestiae deserunt iste dolores aliquam qui saepe ab qui.

Minus asperiores amet reiciendis in perspiciatis et ullam. Rerum animi explicabo et est fugit et dolorem. Veniam quia vel quasi.

  • Intern in IB - Treas
Sep 24, 2020 - 4:44pm

Temporibus nostrum incidunt eligendi est laboriosam soluta. Dolorem quisquam sint voluptate velit rerum. Voluptatem fugit accusamus enim non. Eos suscipit placeat quia autem reprehenderit nostrum. Quibusdam dolore reiciendis ad eligendi temporibus placeat odit.

Et sequi quia et et autem repudiandae. Rerum mollitia incidunt laboriosam iusto animi voluptas blanditiis. Consectetur harum quia ut deleniti temporibus.

At nobis omnis vero consequuntur officia. Doloribus optio qui enim perferendis quae quos necessitatibus.

Et sequi tempora libero et repellendus itaque autem est. Et corrupti illo quod omnis ullam odio molestiae.

  • Prospect in Other
Sep 26, 2020 - 10:57pm

Consequatur temporibus deserunt eligendi quaerat. Enim expedita alias et atque deleniti nulla. Molestiae vero perspiciatis est neque esse. Molestiae rerum est veniam ad dignissimos animi suscipit corporis. Rerum vitae omnis et aut in ratione cum.

Magnam aut blanditiis voluptas ut maxime tempore. Quis illo dignissimos maiores. Eveniet rerum molestiae non ipsum consequatur provident exercitationem.

Alias dolore tempore amet. Enim inventore enim unde eos. Dolores vel rerum laborum velit labore ipsam a sunt. Voluptate quo iure voluptatibus aliquid. Id enim quod illo aspernatur omnis totam assumenda.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (229) $233
  • 2nd Year Analyst (139) $155
  • 3rd+ Year Analyst (32) $149
  • Intern/Summer Associate (105) $142
  • 1st Year Analyst (504) $135
  • Intern/Summer Analyst (387) $83