LionTree
- 21
- questions
- 5
- stages
How the process runsTypical for an independent advisory boutique
- 1ApplicationTypicalOnline application with resume. Classes are small, so conversations with the firm's bankers matter.
- 2Video interviewTypicalRecorded answers to prompts, a short prep window per question.
- 3First roundTypicalInterviews with analysts and associates: your story, why advisory work, and technicals with follow ups.
- 4Final roundTypicalSeveral interviews, often with senior bankers, focused on M&A, valuation, and the sectors the firm covers.
- 5OfferTypicalUsually within days of the final round.
Timing between stages shows on each program page once students report it. Firms change formats by year and office; the firm's own invite is the final word.
What it tends to weighTypical of an independent advisory boutique
- Advice without a lending balance sheet, so a firm of this kind sells judgment, sector knowledge, and senior attention.
- Sector depth is common at boutiques; know the industries the firm is known for and follow the news in them.
- Merger mechanics and valuation in depth, with follow up questions.
- behavioral
- 4 questions
- technicals
- 9 questions
- modeling
- 5 questions
- markets
- 3 questions
The LionTree set is Pro
21 questions, 4 written for LionTree, run as a drill with a 80% pass mark.
Topic drill sets stay free, one a day.
7 days of Pro. No card, nothing to cancel.