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      Jefferies

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      Investment Banking Summer Analyst Interview

      13 Jul 2020
      Anonymous employee
      San Francisco, CA
      Accepted offer
      Positive experience
      Average interview

      Application

      I applied through university. The process took 3 weeks. I interviewed at Jefferies (San Francisco, CA) in May 2019

      Interview

      The interview process consisted of 2 rounds, the first of which was in an over-the-phone format. It was mostly your typical finance questions—financial statement analysis, company/stock pitch—with a few behavioral questions. The super day was in the SF office and consisted of 5 30-minute back-to-back interviews. The interviewers ranged from analysts to managing directors, with senior bankers focused on behavioral questions and junior bankers focused more on technical questions.

      Interview questions [1]

      Question 1

      What are the three financial statements and how do they connect to each other? What makes a merger accretive or dilutive? If you change beta by a factor of 2, how does that affect the CAPM model?
      Answer question

      Other Investment Banking Summer Analyst interview reviews for Jefferies

      Investment Banking Summer Analyst Interview

      19 Mar 2026
      Anonymous interview candidate
      No offer
      Neutral experience
      Average interview

      Application

      I interviewed at Jefferies

      Interview

      Phone Screen - Casual conversation with associate at the firm First Round Interview - With two members of the team; mix of technicals from 400 guide and a bit tougher calculation questions; behaviorals gauge interest in firm, location, and team

      Interview questions [1]

      Question 1

      Walk me from unlevered free cash flow to levered free cash flow Tell me about a deal
      Answer question
      1

      Investment Banking Summer Analyst Interview

      17 Feb 2026
      Anonymous interview candidate
      No offer
      Positive experience
      Difficult interview

      Application

      I applied through an employee referral. I interviewed at Jefferies in Jan 2026

      Interview

      Straightforward process: 1 hour long with 3 20 minute segments with different people (MDs, VPs, Associates). They ask the simple questions like tell me about yourself and why jefferies. A lot of technical questions related to LBOs, financial statements, and discounted cash flows.

      Interview questions [3]

      Question 1

      Walk me through a DCF. Then, explain how to calculate WACC.
      Answer question

      Question 2

      Walk me through an LBO,
      Answer question

      Question 3

      What keeps you motivated ?
      Answer question

      Investment Banking Summer Analyst Interview

      25 Feb 2026
      Anonymous interview candidate
      New York, NY
      No offer
      Positive experience
      Average interview

      Application

      I applied through university. I interviewed at Jefferies (New York, NY) in Jan 2026

      Interview

      first round was zoom with analyst, second round zoom with vp, both were really good people to speak with, mix of technical and behavioral, first round was mini case study on a business

      Interview questions [1]

      Question 1

      heavy on valuation methods, why jefferies, what's something about you that's not on your resume, explain an LBO
      Answer question

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