Investment Banking, NYC (offer extended)
Prep. Two weeks reviewing accounting and valuation logic, tracking RBC deals on Dealogic, and speaking with two current analysts.
Experience. Four 30-minute back-to-back interviews, a lunch with analysts, then a final round with the Group Head that felt like a high-level macro discussion. I got tripped up early on a multi-step depreciation question but stayed calm, talked through my assumptions, and reached the right answer. Bringing up insights from the analysts I had spoken to landed well.
Outcome. Verbal offer from the MD at 6:30pm that evening, formal letter early the next week.
Global Markets / Sales & Trading, NYC (offer extended)
Prep. Heavy macro prep, three structured trade ideas (a long equity, a short macro thesis, a commodities play) and daily mental-math drills.
Experience. Entirely virtual via Zoom breakout rooms: three fast 30-minute rounds with different desks plus a market-testing panel, jumping from macro to probability without missing a beat. My trade pitches had defined entries, drivers and stop-losses; when pushed I held my ground with data, and I corrected one miscalculated mental-math answer out loud.
Outcome. A verbal offer from HR around 10:00am the next morning.
Investment Banking, Houston (rejected)
Prep. Focused almost entirely on technicals and modeling, skipping behavioral stories and regional energy research.
Experience. Technical rounds went smoothly, but my energy dropped during the analyst lunch and senior rounds. I stayed quiet and checked my phone at lunch, and when an MD asked why Houston over New York, my answer was generic.
Outcome. An automated rejection three days later; a contact noted the technicals were strong but the team doubted my enthusiasm and fit.