Stephens Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 124 interview experiences · FREE TO READ
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14 roles · 124 reportsCandidate interview experiences
First-hand accounts from people who interviewed at Stephens.
Stephens
Data Engineer
Entry Difficult Positive experience No offer 1 round
Interview process
Recruiter call
Interview formats
Behavioral
For the first time ever, we’re able to reveal vital details about a tumor – including its fundamental phenotype and biological behavior – from just a blood sample,” said Helmy Eltoukhy, Guardant Health chairman and co-CEO. “This gives healthcare providers the insights they need about a patient’s cancer to make smarter treatment decisions, even when they can’t access tumor tissue for analysis. The novel blood-based approach to comprehensive molecular profiling using our Guardant Infinity Smart Liquid Biopsy platform offers immense potential for future applications in cancer and beyond.”
Confirmed questions1 question
- For the first time ever, we’re able to reveal vital details about a tumor – including its fundamental phenotype and biological behavior – from just a blood sample,” said Helmy Eltoukhy, Guardant Health chairman and co-CEO. “This gives healthcare providers the insights they need about a patient’s cancer to make smarter treatment decisions, even when they can’t access tumor tissue for analysis. The novel blood-based approach to comprehensive molecular profiling using our Guardant Infinity Smart Liquid Biopsy platform offers immense potential for future applications in cancer and beyond.”
Stephens
Intern
Intern Average Positive experience No offer 1 round
Interview process
Technical screen Onsite
Interview formats
Case Technical
The interview involved a case study with three parts: building a 3 Statement Model, creating a Teaser, and identifying errors in a given Teaser. It also included 30-minute interviews with junior team members covering Accounting, a deep dive into the Equity Bridge, various Multiple Analyses, the use of fictional examples to assess market awareness and valuation logic, and the sell-side process.
Confirmed questions1 question
- Could you elaborate on the components of the Equity Bridge?
Stephens
Analyst
Entry Average Neutral experience No offer 3 rounds
Interview process
Recruiter call Technical screen Onsite Group
Interview formats
Behavioral Technical Case Group
First, we had a phone call with HR to check if you're a good fit culturally and see your motivation and soft skills. Then, you'll work on a case study to see how you analyze and solve problems in a real-world scenario. After that, there will be two 1-hour interviews. One will be technical, focusing on your knowledge of the industry and specific topics. The other will be more personal, diving deeper into how you'd fit with our team and company culture. Finally, there's a team event where we can see how you interact with others and work in a team setting in a more relaxed environment. This is to check your communication, collaboration, and team spirit.
Confirmed questions1 question
- What are some standard BIWS questions related to accounting, valuation, and modeling?
Stephens
Investment Banking Analyst
Entry Average Positive experience No offer 3 rounds
Interview process
Recruiter call Phone screen Onsite
Interview formats
Behavioral Technical
So far everything's been on Zoom. There are 3 rounds total. The first round is with an associate, the second with a VP, and the third is the Superday. I've made it to the second round and they've only asked me basic stuff. I reckon the first round is 100% behavioral and 0% technical. The second round is probably 60% behavioral and 40% technical. The Superday is gonna be 100% behavioral and 100% technical, haha.
Confirmed questions4 questions
- What made you decide to apply to Stephens specifically?
- What led you to pursue Investment Banking?
- Can you describe the role of an investment banker?
Stephens Interview Questions
Quoted word for word from Stephens interview reports.
“What is the impact on the financial statements if depreciation increases by 10?”
Read reports →“What is the impact of taxes on a Discounted Cash Flow analysis?”
Read reports →“Describe the impact on free cash flow when net working capital is increased.”
Read reports →“What is the distinction between levered and unlevered cash flow?”
Read reports →“How do you determine the Weighted Average Cost of Capital (WACC)?”
Read report →“What are the three primary methods for valuing a company?”
Read report →“Can you explain the difference between a Private Security Officer and a peace officer?”
Read report →“If we enter at 10x revenue with 50% equity, a $100 million topline, and 80% free cash flow, what would be the return multiple?”
Read report →“What is your process for calculating Free Cash Flow (FCF)?”
Read report →Formats, difficulty and experience
Across all 124 Stephens interview reports.