Investment Banking Summer Analyst

1. 1Application

   Resume, cover letter at some banks, school and GPA screens. Networking often decides who gets a first round.

2. 2HireVue or video

   Two to five recorded behavioral prompts, sometimes one technical. Thirty seconds to prepare, two minutes to answer.

3. 3First round

   One or two 30 minute calls with an analyst or associate. Walk me through your resume, why banking, why us, then accounting and valuation technicals.

4. 4Superday

   Three to six back to back interviews with associates, VPs, and MDs. Technicals get harder, fit gets more personal, and at least one person tests how you handle pressure.

5. 5Offer

   Usually within days. Exploding deadlines at smaller shops.

Jefferies does not state its process on its own site, so these are the usual stages.