Superday help needed - IBD Summer Associate

Hi All,

Long-time lurker looking for some input from the troops. I have an upcoming superday with Keybanc CM for a IBD Summer Associate position but haven't been able to find many details on Associate level interviews. Anyone have experience with superdays with them and know what to expect?

Any insight on the interview (technical or otherwise), associate program, or the firm recognition across the street in general would be appreciated. I've heard that there may be more market focused questions than at other IBs..?

Interview process to my knowledge seems pretty standard: Superday dinner --> superday interviews -->offer (or rejection) --> group preference --> group placement

Thanks in advance.

Comments (25)

Jan 26, 2016 - 11:02am

Superdays are usually more behavioral. Focus on why banking, why KeyBanc, know your story, have a few prepared stories to link in, and have good, engaging questions prepared.

Jan 28, 2016 - 3:45pm

Don't have anything specific on your bank, but yes you have the right idea on the process and as far as interviews they will be a mix of technical, behavioral, and fit. Be prepared to go as technical as an analyst might, but you probably won't. Be able to demonstrate your interest in the sector, know a deal forwards and backwards, and have a compelling reason for joining the bank. Good luck!

Jan 28, 2016 - 6:06pm

Summer Associate Interviews (Originally Posted: 08/18/2015)

Definitely not a ton of information on Summer Associate interviews. Search function and everything.

Some say "more technical obviously than SA interviews," but others have told me "only a few tech questions, it's all fit."

Is the WSO mantra of read the guides, concepts, etc. enough? Any REAL insight/experience with Summer Associate interviews on either side of the table is welcomed for all!

Jan 28, 2016 - 6:07pm

I used to do a ton of my old firms Summer Associate interviews.

It's largely interviewer dependent though - in terms of that guys personal style and what team he is from.

Personally, I was more of a fit kind of interviewer. You can, to a degree, learn the common answers for technical questions and therefore gives me no real insight. But for the most part, you can't hide being a douche-canoe.

When we went to the US I would meet with about 15-20 candidates a day - so if you have your stock go to technical questions you are essentially going to hear the same answer 13-18 times over. You still ask it, but once the right words start coming out of the candidates mouths you kind of zone out. I am also not going to bother asking 15-20 different technical questions. I have a life.

Jan 28, 2016 - 6:08pm

Typical first stage interview for Summer Associate (Originally Posted: 10/03/2007)


I have a first stage interview for a summer associate position (1st yr MBA student) at a BB on Friday and I am wondering if the interview will be technical or behavioural. What are some typical questions to look out for?

Jan 28, 2016 - 6:09pm

Not certain what area of the bank you are interviewing for, but typically these interviews contain a fairly heavy proportion of technical questions. If you get any more behavioural questions then a simple resume walkthrough and "why banking" you should consider yourself very lucky! Better know that DCF inside and out.

Jan 28, 2016 - 6:10pm

I am considering b-school after another year in PE (4 by matriculation) but was wondering what circumstances, if any, would allow a non-MBA grad to join a bank at the associate level. For example, would I be able to leverage my 3 years PE experience into an associate gig at a BB or is that path reserved for exceptional 3rd year analysts within the bank and freshly minted MBA grads?

Also, I know it would be unorthodox to move from the buyside to the sellside but I was wondering simply for my own edification. Thanks.

Jan 28, 2016 - 6:11pm

I had my 1st stage interview already and it was far from anything that I envisaged. There was not technical question. All the questions were abt my resume, background and why banking? I guess because I have been an engineer all my life, my interviewer felt asking me technical finance questions (after only few weeks of B School)might not help to determine suitability.....anyway, just wanted to share.

Jan 28, 2016 - 6:12pm

BB Summer Associate Final Rounds (Originally Posted: 01/16/2008)


I have a few questions regarding final round interviews.

1. I am a first-year MBA student from a non-target top-25
school that has made it into the final rounds with GS, CS, BAS, waiting on
Bear and UBS and a few MM banks. I wanted to know what the offer
success rate is once you've made the superday?

2. How do the questions differ in the final round vs. the earlier
interview rounds I have completed?

3. If I am successful in getting an offer, what is the typical comp
for a summer associate position?

Jan 28, 2016 - 6:13pm

All summer analyst and associate positions at BBs receive a pro-rated annual salary equal to a 1st year analyst or associate. So, SAn will receive the same salary as a first year analyst 60k prorated for the amount of time the program is. A 10 week summer analyst should receive approximately $11.5k. Fistr year associates make 95k, so for a 10 week program they would receive $18k ish.

Hopefully this is helpful

--There are stupid questions, so think first.
Jan 28, 2016 - 6:14pm

(HELP!!!) Impending Summer Associate Interview at bulge bracket (Originally Posted: 11/29/2013)

I am a first year MBA and have an impending "informational interview" in the IBD of a "bulge bracket" for a Summer Associate position. I do not have a finance background but a wealth of experience (5+ years) as an analyst in another similar high-tempo industry. Should I expect technical questions or "fit" questions? If technical, how technical should I expect? Any opinions greatly appreciated!!!

Jan 28, 2016 - 6:17pm

Generally it'll be more fit and you asking them questions. If they are being dicks and ask technical, it's generally limited to walk me thru a DCF/LBO, major valuation techniques and tell me about a deal you are following. Seems kind of late to do your first informational.

Jan 28, 2016 - 6:18pm

That's what i figured an "informational interview" was, but I am being flown to NY for the interview so I figured it would be a little more intense than the typical behavioral/fit questions. Of course I am going to prepare for the "worst" but just wanted some varying opinions. Plus there are a number of hours blocked off for the interview period so I figured it would be a round of interviewers similar to what I have been reading on various blogs.

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