Summer Analyst

1. 1Application

   Resume, sometimes a written stock pitch up front.

2. 2First round

   Analyst or PM. Your pitch, how you think about risk, why this strategy, what you read.

3. 3Case and final

   A take home or timed case on a public company, defended in front of a PM. Expect pushback on every number.

4. 4Offer

   Small classes, decisions can be slow or instant.

Davidson Kempner Capital Management does not state its process on its own site, so these are the usual stages.