The internship process was structured and became more technical each round. It started with an online assessment covering general finance, EV/valuation maths, and options pricing. The phone screen included more EV maths, options pricing, general motivation questions, investing experience, and a quick stock pitch. The case study involved a five-minute stock pitch with more emphasis on SIG-style probability thinking, catalysts, and market mispricing. The online research analyst interview focused on resume, interest in equity research, technical stock reaction questions, and was followed by a quantitative round. The final stage was a Superday.