It's a four step process. The first step is an interview with a recruiter to assess your credentials and skill set. The second is an online exam to test your knowledge of basic cost accounting, financial accounting, micro economics and valuation. It's a fairly comprehensive test that they claim has a high failure rate. I have a strong background in this area so it wasn't a problem, but I did have to review some concepts that I don't apply frequently. The third step is a role-play case interview. This is where the process gets frustrating as my interviewer did a poor job laying out expectations. I approached the case study as one where you'd act as a corporate finance consultant assessing the capital structure and offering actionable ways to drive improvement in the business. My interviewer expected more of a business strategy approach with textbook ways to grow the firm in discussion without any consideration for the liquidity challenges for the business. I also incorporated real world analysis to point out the logical inconsistencies in the case, but he refused to acknowledge or give credit for the work I'd done. I'm fine with that, it's not a good fit for me. That said, the interviewer provided no direction in the call and in my view, was just trying to set a trap. I'm not particularly interested in working for a company that doesn't treat people with respect, but I get that the objective is to claim a low acceptance rate. I believe in the process that they will lose a number of qualified candidates that could augment their talent pool. Give your clients the option to decide what fits their needs, not some arbitrary process! The fourth step is another, more in-depth case study with more deliverables (financial model, Powerpoint slides). In my opinion, they were recruiting for strategy consultants with a basic knowledge of corporate finance. That's fine, but they should be upfront about that so people like me don't waste our time. My advice would be to make sure your clear about the objectives at each stage of their process and decide if you are interested in what they have to offer.

1st stage was CV screening, where you needed to answer a few open questions and record a video to introduce yourself 2nd stage - 10 mins phone conversation with communication specialist. Very easy and two-way conversation 3rd stage - online test. This one was quite difficult in my opinion, mainly due to the time constraint & it also covered all areas in finance but not just the area you may specialise in 4th stage - mock client meeting with 5th stage - final project presentation