Superday

The last step in the investment banking interview process

What is “Super Day”?

If you’ve rushed for a sorority or fraternity in University, then you’ll likely have experienced a similar thrill to the thrill of the Superday. So you’ve passed the phone screen, the first interview, the group interview, and all the other interviews. When a firm thinks you have the basic skills and may be a potential fit for their company, you are invited to their Superday.  This is when an investment bank makes it’s final decision on which analysts and associates to hire.

Networking Night, Maybe?

During the Superday – which is misleading, as a Superday can last two days or longer –the company may host a networking night on the eve of the main day, where candidates and managers/leads meet over refreshments. While this particular portion of the Superday is less structured than the interviews to be held the next day, it is still a large part of the interview process and can impact a candidate’s possibility of hire.

Superday Interviews

On the main day of the Super Day, candidates will be interviewing with several different bankers from the company, often in one-to-one or two-on-one interviews. Banks will have several things in mind to look out for in potential candidates come this main day.

What are they looking for?

Companies will be looking for fit more than anything, since they’ve already assessed a candidate’s skill in the first round of interviews. Managers and seniors will be looking for candidates that they like, which is not surprising, since they will be working upwards of a 100 hours a week together.

That being said, technical questions will still definitely be asked, so they are safe to expect. At the same time, the rapid pace of back-to-back interviews is meant to simulate the pace and stress common in the position. Think of this as a trial by fire for the candidate.

Final steps

After the day of interviews, the interviewers will all meet to discuss candidates that they liked. Decisions do not have to be entirely unanimous, although if only one or two interviews like a certain candidate, the group may decide to put that candidate “on hold.”

Some companies employ a matching system, where candidates are asked to rank interviewers or teams they interviewed with. The interviews and teams rank candidates as well, and if there is a match, there is a hire.