I applied through college or university. The process took 3 months. I interviewed at Citi in Jan 2022
Interview
Applied through University portal. One round with two directors from IB Division in London.
Mainly motivational questions (why Citi, why IB, tell me about a time you faced an ethical dilemma, ...) and a few technicals.
Interview questions [1]
Question 1
Why do companies trade at differente P/E?
What happens to gross profit, EBITDA, and EBIT if D&A increase by 10?
What deal can potentially happen in the market in the next few months?
I had two rounds of interviews
First round - 1 hour split into a 30 min fit / background questions and 30 min technicals. Interviewed by an Associate, and a VP.
Second round - I had 3, 30 min interviews with MDs
Interview questions [1]
Question 1
The technicals had fairly basic valuation / M&A questions.
Other questions.
"What do you do for fun?"
I applied through college or university. The process took 4 weeks. I interviewed at Citi
Interview
Standard on campus recruiting cycle; networking events, initial phone interview (technical questions - walk me through DCF, walk me through changes on the 3 financial statements, questions about levered Beta).
Final round interview was 2 separate interviews with 2 people each (mix of HR, senior level, and mid level). Standard "fit" questions. Much less on the technical aspect than the 1st interview. More macro / big picture type questions (industry-wide, financial crisis, etc.)