I applied through an employee referral. The process took 2 weeks. I interviewed at Jefferies (New York, NY) in Nov 2013
Interview
First interview with 2 junior bankers (technical + resume based)
Second round of interview with 2 junior bankers (technical + resume based)
Third round of interview with 3 senior bankers (resume based)
Interview questions [1]
Question 1
Benefits and disadvantages of EV/EBIT vs. EV/EBITDA
How do we calculate WACC
Walk me through a DCF model
How does depreciation affect the 3 financial statements
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
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.
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
