Investment Banking (IBD) Core Coverage, mid-Atlantic target, NYC, 3.7 GPA
Prep. Three weeks of advanced technical guides, on-paper three-statement loops, WSJ macro and mock interviews with the campus finance club.
Experience. Four consecutive 45-minute in-person rounds at 388 Greenwich: two technical (an asset impairment flow and LBO adjustments), a VP behavioral panel on group conflict, and a 1-on-1 with the Industrials Group Head on Midwest supply chains, plus a professional analyst lunch. Spoke too quickly in the first behavioral round from nerves but slowed down after.
Outcome. Verbal offer from the MD at 6:45 PM that evening; accepted immediately.
Sales & Trading (Macro Desks), Ivy League, NYC hub, 3.6 GPA
Prep. Built three trade ideas (a long equity, a macro currency short, a relative-value fixed-income trade) and reviewed options math and Fed policy.
Experience. Fully hybrid via Zoom, four 30-minute rounds. Pitched a macro trade and was immediately challenged on risk parameters and inflation hedging, plus mental-math and probability questions. Initially answered an options-pricing question too fast and had to pause, clarify assumptions and rebuild.
Outcome. Waitlisted for 48 hours, then a formal HR call extending a Summer Analyst position on the FX desk.
Global Corporate Banking, West Coast target, San Francisco, 3.8 GPA
Prep. Studied the IB-vs-Corporate-Banking distinction: debt instruments, revolvers and risk tools for large tech firms.
Experience. Three formal SF panels plus a coffee chat over 4 hours. Technicals on debt service, leverage ratios and cash-flow stability, an interactive case on a cloud client funding an acquisition with senior debt, and a senior round on why Corporate Banking over advisory. Managed midday energy poorly and felt tired by the third panel but recovered for the coffee chat.
Outcome. Verbal offer the next morning at 10:00 AM; accepted.