Jefferies Investment Banking Analyst interview experience

The overall feel stayed positive—people were respectful and engaging, and the questions made it clear they cared about whether I genuinely wanted to be in equity.

Across the technical rounds, valuation was a recurring theme. I was asked about concepts like DCF and multiples, and the discussion naturally moved into how LBOs work, plus how accounting ties into what you see in the statements and investment materials. I also talked about sectors relevant to the group, and at one point the structure mirrored the classic “tell me the business” and then “walk me through the valuation logic”