The process took 1 day. I interviewed at Piper Sandler in Feb 2012
Interview
Starts with resume drop, if your resume gets the nod, then it's a phone interview with an analyst. It's mostly fit, getting to know you, with some technical questions. If it all works out, then it's onto the second round superday at the office in which you're applying for. It's a 4 hour affair at superday with back-to-back interviews with multiple individuals at the firm, ranging from senior bankers to junior bankers. Depending on the person, it'll either be fit based or technical based. It's a pretty relaxed process, as relaxed at it can be for an investment banking position that is. After the superday, you'll find out within a week or two.
First round with 2 people, mix of technical and behavioral. One and one-half Superday 2 on 1 with associate to MD. Mix of behavioral and technical as well. Fairly structured.
Interview questions [1]
Question 1
Describe one time where you had a conflict within a group or team setting, how was it handled?
I applied online. I interviewed at Piper Sandler (Richmond, VA) in Jan 2025
Interview
*First Round*
The process was very easy. About 10 minutes of personal questions (Why IB, Why Industrials, Walk me through your resume, etc), then followed by some technical (3 statements & how they interact, walk me through DCF). It didn't appear that the interviewer expected much technical knowledge but after speaking with another employee, technical are a big deal here. Overall, very good experience with the interview.
Good interview process; good people. Eight total rounds with some technical questions throughout, but mostly leaned behavioral questions. It was great to learn about their experiences and learn more about the investment banking industry.