An analyst takes care of the whole recruiting process. Overall I had 2 phones interviews and 1 assessment, the rest were just calls to negotiate the job conditions. During the process I was re-scheduled 3 times and one of them was cancelled at the last minute!! Initial phone call - Why Investment Banking - Previous Experience - No tecnical questions Second phone call with the owner - More than questions is a pitch he makes about the company and the long hours in banking. Excel & Powerpoint Live Assessment - Calculate the CAGR - Calculate the dilution effects after a capital injection - Calculate gross and ebitda margin - Who would be interested in buying a software company - Recreate a PowerPoint slide Even though they were honest with most of the things such as working hours in Investment Banking, they told me that they had a team of 7 people and when I arrived they were only the two people who interviewed me and an intern who was going only 3 days a week.