I applied online. I interviewed at Piper Sandler (New York, NY) in Feb 2021
Interview
One thirty minute introductory phone call, followed by a super day with five, thirty minute interviews with employees at varying levels of seniority and experience. The super day was the final round of interviews and after that I received a phone call offering me the job.
Interview questions [2]
Question 1
What is the difference between cost of equity and cost of debt?
Decent difficulty, good amount of technical questions as well as basic behavioural, but nothing too out of the ordinary. Really know your story and why this firm in particular. Technicals should be pretty sharp
After passing the first round, I was invited to a Superday where I completed several back-to-back interviews with senior bankers, focusing on technical skills like valuation methods, financial statements, and behavioral questions about teamwork and problem-solving. Additionally, I was given a technical assessment to build a simple financial model and analyze a hypothetical investment scenario.
medium difficulty. one technical round and a few personal rounds. went through a hiring team and were pretty reciprocative. interviewed for the consumer investment banking vertical. did not get offer.
