Initial interview with recruiter, 2 interviews with head of team, 1 interview with an Associate on the team - 4 in total. I believe there was also a planned fifth round with the CFO. Everyone I met was friendly, and the conversations were engaging. And despite feeling well-qualified, eager to learn, and 4 interviews that went really well, I was not selected without much clarity on why. For future applicants, I’d suggest having a direct referral or prior Capital Markets experience to be competitive. While it was a positive experience overall, the process was lengthy, and outcomes felt somewhat uncertain.