Superday

What is Superday?

When a firm thinks you have the skills and are a potential fit for their company, you’re invited to their Superday.  This is when an investment bankList of Top Investment BanksList of the top 100 investment banks in the world sorted alphabetically. Top investment banks on the list are Goldman Sachs, Morgan Stanley, BAML, JP Morgan, Blackstone, Rothschild, Scotiabank, RBC, UBS, Wells Fargo, Deutsche Bank, Citi, Macquarie, HSBC, ICBC, Credit Suisse, Bank of America Merril Lynch makes its final decision on which analysts and associatesInvestment Banking Career PathInvestment banking career guide - plan your IB career path. Learn about investment banking salaries, how to get hired, and what to do after a career in IB. The investment banking division (IBD) helps governments, corporations, and institutions raise capital and complete mergers and acquisitions (M&A). Analysts work 100 to hire.  At this point, you’ve passed the phone screen, the first interview, the group interview, and all the other interviews.  Superday is the last step in the hiring process for investment banking analysts and associates, so be prepared and be at your best!

Top 10 tips for a successful Superday

Here is our list of the top tips for having a successful Superday:

1. Dress the part by wearing clothing that matches the culture of the bank and the city you’re interviewing in
2. Rehearse your answers to the most common investment banking interview questionsInvestment Banking Interview Questions & AnswersInvestment banking interview questions and answers. This real form was used by a bank to hire a new analyst or associate. IB interview insights & strategies. Questions are sorted into: bank and industry overview, employment history (resume), technical questions (finance, accounting, valuation), and behavioral (fit)
3. Research the bank and understand what makes them unique, the deals they’ve worked on, and their culture
4. Network with professionals at the bank before and during the event as much as possible
5. Be as relaxed and natural as you can, so you come across as genuine and someone they want to work with
6. Expect the unexpected and go in knowing that there will be some curve balls – just handle them calmly
7. Personality fit will make you stand out more than technical skills (e.g., understanding of financial modelingWhat is Financial ModelingFinancial modeling is performed in Excel to forecast a company's financial performance. Overview of what is financial modeling, how & why to build a model. A 3 statement model links income statement, balance sheet, and cash flow statement. More advanced types of financial models are built for valuation, plannnig, and)
8. Don’t overstay your welcome in any networking conversations. After you’ve had an interesting chat, move on to the next one
9. Know your story inside out (why they should hire you, why investment bankingWhy Investment Banking?Almost every investment banking interviewer will ask the question: why investment banking? I want to work in investment banking because it's the fastest way to learn financial modeling, valuation, Excel, and understand the nature of large corporate transactions. I'm aware the job has a strict hierarchy, very long hours, and why at this particular bank)
10. Follow up with your interviews and thank them for their time

Networking event

During the Superday, the company may host a networking night on the eve of the main day, where candidates and managers 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-on-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 the banks looking for?

Companies will be looking for fit more than anything else, since they’ve already assessed a candidate’s technical skills (such as their understanding of financial modelingFinancial ModelingSuperday ("super day") is the name given to the day for final round interviews for potential analysts and associates at investment banks. At this point, you’ve passed the phone screen, the first interview, the group interview, and all the other interviews.  Superday is the last step in the hiring process and valuationValuation MethodsWhen valuing a company as a going concern there are three main valuation methods used: DCF analysis, comparable companies, and precedent transactions. These methods of valuation are used in investment banking, equity research, private equity, corporate development, mergers & acquisitions, leveraged buyouts and finance) in the first round of interviews. VPs, Directors, and Managing Directors will be looking for candidates that they like, which is not surprising since they will be working upwards of 100 hours a week together.

That being said, technical questionsInvestment Banking Interview Questions & AnswersInvestment banking interview questions and answers. This real form was used by a bank to hire a new analyst or associate. IB interview insights & strategies. Questions are sorted into: bank and industry overview, employment history (resume), technical questions (finance, accounting, valuation), and behavioral (fit) 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 in Superday

After the day of interviews, the interviewers meet to discuss candidates that they liked. Decisions do not have to be entirely unanimous, although if only one or two interviewers 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, then there is a hire.

Additional resources

Thank you for reading CFI’s guide to Superday. To learn more and advance your career, see the following free resources:

• Navy suit brown shoesNavy Blue Suit Brown Shoes or Black Shoes?We answer the question: blue suit: brown shoes or black shoes? with a financial analogy. Brown shoes, high risk/reward; blue suit, black shoes, low risk/reward.Should I wear black or brown shoes with a navy blue suit? If you're going for an interview or starting your first day at a new job in corporate finance, then you want to look your best!
• Why investment banking?Why Investment Banking?Almost every investment banking interviewer will ask the question: why investment banking? I want to work in investment banking because it's the fastest way to learn financial modeling, valuation, Excel, and understand the nature of large corporate transactions. I'm aware the job has a strict hierarchy, very long hours
• Walk me through a DCF modelWalk me through a DCFThe question, walk me Through a DCF analysis is common in investment banking interviews. Learn how to ace the question with CFI's detailed answer guide. Build a 5-year forecast of unlevered free cash flow, calculate a terminal value, and discount all those cash flows to present value using WACC.
• Investment banking interview guideInvestment Banking Interview Questions & AnswersInvestment banking interview questions and answers. This real form was used by a bank to hire a new analyst or associate. IB interview insights & strategies. Questions are sorted into: bank and industry overview, employment history (resume), technical questions (finance, accounting, valuation), and behavioral (fit)