I applied through other source. I interviewed at Santander (Madrid) in Mar 2025
Interview
2 phone calls + personal remote interviews conducted by associates of the firm. The first interviews were behavioural and questions were normal, the others were a mix of behavioral and technical with a focus on the technicals and a case study. The interviewers were kind and friendly. Overall good experience.
Interview questions [1]
Question 1
Ev to Equity Bridge
Why some companies trade at higher multiples
The process has two rounds
The first round is mainly behavior. If passed, will be given the case study to work on during the weekend then superday
The superday process involves both case study presentation with 2 back to back
I applied online. The process took 1 week. I interviewed at Santander
Interview
Process was technical. Started with quick overview of firm, interviewer background, reasons for hiring. Questions were asked regarding knowledge/workings of financial statements, valuation, and interest in the role and firm, as well as background / resume experiences.
Interview questions [1]
Question 1
How FCF/NWC is affected by various line items shifting, such as inventory.
Muy complicado, 7 fases. Dos con empresa externa y luego un assessment center con 4 entrevistas seguidas.
Todo esto para una summer internship.
Proceso muy competitivo, importante ser de los primeros en aplicar