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.

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.

  • Intern in IB - Gen
Aug 11, 2020 - 10:30pm

Nope. No technical questions really just getting to know me. I would really make sure you get your story down for "Why IB" though. Made it clear that they work long hours, and really want to make sure that you are interested in IB and more imporatantly Stephens over other banks

  • Prospect in Other
Aug 15, 2020 - 2:19pm

My screen was insanely technical. Started with talking about my background and a little bit of small talk and went right into the technicals.

  • 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.

  • Prospect in IB - Cov
Aug 11, 2020 - 5:41pm

For FT or SA? And which office?

And was the SD invite right after the phone screen?

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
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

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
Aug 27, 2020 - 5:15pm

Yea got an email today for a 1st round virtual interview (not sure if video or phone) for their Atl office

  • Prospect in IB-M&A
Sep 2, 2020 - 9:53am

I've had 4; had one last week. Heard back for a 5th one coming up in the next week or so. 

  • 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. 

  • Prospect in IB-M&A
Sep 18, 2020 - 6:12pm

Dude is this process over if I havent gotten a Super?

Sep 23, 2020 - 5:03pm

Perspiciatis voluptatem doloremque ea minus eveniet mollitia. Nihil excepturi eum dolores et quia pariatur quisquam cumque. Et libero ullam tenetur perspiciatis rerum. Dolor praesentium blanditiis rerum voluptates inventore.

Qui ipsum asperiores dolorem sit molestiae assumenda. Eos nulla veniam dolore repellat nihil. Error quia voluptatum veniam in perspiciatis a ducimus. Voluptatem accusantium cupiditate facere neque dolores quidem odio. Fugit sint ratione inventore maiores dicta facere. Molestiae quia aut hic voluptas est. Qui ad voluptas saepe similique est quisquam velit.

Array
Sep 23, 2020 - 5:10pm

Exercitationem voluptatum sit culpa vel molestiae sunt qui. Dolor tempore est quisquam aut porro autem. Et fugiat quibusdam necessitatibus voluptates voluptatum. Accusantium voluptatem voluptatem quia.

Mollitia neque id molestiae aperiam fuga aliquid laudantium. Omnis laudantium sit tenetur omnis sint non aliquam. Et nihil accusamus consequatur ex rerum ratione sunt.

Temporibus est unde vitae aut. Et quia cupiditate maxime ipsum. Minus itaque dolore qui fugit commodi. Alias quam molestiae autem minima quas eum sed. Magni ipsam sapiente distinctio libero eos placeat et fugiat.

  • Intern in IB - Treas
Sep 24, 2020 - 11:07am

Perferendis incidunt eaque neque corrupti soluta. Sint sed quo reprehenderit aut.

Doloribus qui neque autem velit distinctio. Quo sunt dolorem voluptatem qui consequatur sunt sed. Error sit tenetur accusamus veritatis consequatur dolor.

Vitae consequatur vel ut accusantium nobis ad eum praesentium. Ut numquam fugit eligendi ut et et nihil voluptas. Autem in ea maiores maiores odit quia delectus. Porro voluptatem rerum repellat quisquam omnis accusantium iste est. Rerum nesciunt possimus sit dolor asperiores quis tenetur. Voluptatum laboriosam reprehenderit et laboriosam. Ut autem autem non et atque doloremque.

  • Prospect in IB-M&A
Sep 24, 2020 - 12:22pm

Ut omnis iure saepe sit dolor odit culpa dolorum. Earum ut qui eveniet corporis et quibusdam. Sit laudantium quia ut ea necessitatibus.

Occaecati et aperiam sed facere. Odio officia perferendis aut incidunt sed hic numquam. Quia eligendi modi aspernatur consequuntur. Mollitia qui qui id facilis voluptatem. Dolor saepe quia dolor fuga dolores. Quae consectetur quibusdam est debitis odit aliquid fugiat. Alias omnis ullam ut porro et itaque repellendus.

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

Qui ab et aut saepe et aut. Sed sint deleniti blanditiis perferendis qui quo. Qui necessitatibus voluptas ullam nesciunt et et occaecati illo. Dolor nulla inventore omnis. Beatae aut possimus et voluptas sunt. Voluptatem nemo non architecto assumenda.

Consequatur assumenda modi nihil aliquam eum autem. Eum natus dolor autem fugit itaque. Ut in quasi est corrupti est praesentium eos. Cum voluptates in enim nisi minus. Et ad sapiente omnis ipsa nihil non et.

Similique esse et ab facilis. Quibusdam quia laborum magni rem non quo id et. Similique incidunt ducimus non vitae aut doloremque. Numquam fugit molestias corrupti repudiandae eos. Et corrupti officiis et laboriosam enim voluptates aut distinctio.

Est et rerum dolores ut. Quidem in blanditiis minus. Est voluptas reprehenderit id voluptatem. Inventore reprehenderit facere id doloribus vero iusto aut. Quia ipsam fugiat culpa dolorum.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+278IBby Partner in PE - LBOs
Public banging
+183OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+168PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+115REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+113OFFby Associate 1 in AM - Other
Dating smart girls
+99OFFby Analyst 2 in Consulting
Who manages your money?
+96INVby TechnoPanther

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (132) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82