I applied through college or university. I interviewed at Piper Sandler
Interview
The interview process was pretty smooth. I had an on-campus interview with two VPs. They had mostly technical questions like accounting and modeling. Then, a couple weeks later, I went to their office in MN for a super day. There were 8 back-to-back interviews with a range of analysts, COO, HR, VPs and EDs. There was one round of technicals, the rest were get to know you. I heard back within 3 days.
Interview questions [1]
Question 1
What happens to the 3 accounting statements when you buy a piece of equipment for $100,000 and it depreciates straight line over 10 years?
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.