D.A. Davidson & Co. Investment Banker / M&A Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 19 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at D.A. Davidson & Co..
D.A. Davidson & Co.
Investment Banking Analyst
Entry Easy Neutral experience No offer 2 rounds
Interview process
Recruiter call Phone screen Technical screen
Interview formats
Behavioral Technical
Had a phone screen where they asked why D.A. Davidson and why the industry group I was interested in, plus more info about the firm. Then there was a second round with standard behavioral and technical questions. Haven't heard back after the second round. They were hiring for multiple locations, so I think the next step would have been a superday.
Confirmed questions1 question
- Could you explain the Mergers and Acquisitions process?
D.A. Davidson & Co.
Investment Banking Analyst
Entry Difficult Positive experience Accept offer 5 rounds
Interview process
Recruiter call Phone screen Take home Onsite Offer
Interview formats
Technical Behavioral Coding
The interview process was pretty standard for investment banking. It kicked off with a recruiter phone screen that was super technical. Then, there were two more phone interviews, also very technical, with an associate and a VP. After that, I had a behavioral interview with a director. About two weeks after the first call, I got an Excel and Word assignment to show my modeling and writing skills, which I had to submit within 24 hours. A few days later, I was invited for Super Day. It started at 8 am with a one-hour finance and Excel test, which wasn't too hard. Then came the 1-on-1 interviews with a bunch of people at the office, with a lunch break in between. We wrapped up interviews around 4 pm and I got an offer the same day. Overall, it was a good experience.
Confirmed questions8 questions
- Can you list the valuation methodologies you use most frequently and rank them by expected value?
- Could you explain the Discounted Cash Flow (DCF) analysis?
- What is beta?
D.A. Davidson & Co.
Investment Banking Analyst
Intern Average Neutral experience No offer 1 round
Interview process
Recruiter call
Interview formats
Behavioral
The interview started with a phone screen from the recruiter. However, we had technical issues, and they couldn't reach me at the scheduled time. I sent them an email, and they replied saying they tried to call with no answer, so I ended up calling them. They sounded pretty annoyed on the call, acting like I had wasted their time. Unsurprisingly, I didn't get to move forward.
Confirmed questions3 questions
- Can you introduce yourself?
- What is your interest in the consumer group?
- Could you share something about yourself that's not detailed on your resume?
D.A. Davidson & Co. Investment Banker / M&A Analyst Interview Questions
Quoted word for word from D.A. Davidson & Co. interview reports.
“What's the formula for Free Cash Flow (FCF)?”
Read reports →“If depreciation goes up by $10, how does that impact the three main financial statements?”
Read reports →“When backing out Minority Interest, what is removed from the balance sheet?”
Read reports →“If inventory decreases by $10, how does that impact the three financial statements?”
Read reports →“What would be the impact on the three financial statements in the second year if inventory decreased by $10?”
Read report →“How are the income statement, balance sheet, and cash flow statement interconnected?”
Read report →“Can you give examples of non-cash expenses such as depreciation?”
Read report →“What are the specific metrics and valuation methods for this industry group?”
Read report →“Explain how the three financial statements are affected by a specific event.”
Read report →Formats, difficulty and experience
Across all 19 D.A. Davidson & Co. interview reports.