First Round 20 min, then superday 40 min. Two interviewers in second round, only one in first. Heard back within 48 hours. They asked a mix of Behavourals and techs
Interview questions [1]
Question 1
They asked me: 1. how to value a company 2. walk through dcf 3. how to find fcf 4. what is more expensive debt/equity and what about convertible debt 5. what about if you have a tree how would u value it
I applied online. The process took 2 months. I interviewed at Scotiabank (New York, NY) in Mar 2026
Interview
The interview process was smooth and easy. The interviewers are nice. I heard back from R1 for a superday invitation only 1 week after R1. The interviewers are nice and guide you through the questions. However, it takes them a while to send out the formal offers.
I applied online. I interviewed at Scotiabank (New York, NY) in Mar 2026
Interview
first round of one 30 minute interview and superday of two 30 minute interviews. Behavioral + Technical for first round and one behavioral one technical for superday. Two people in the first round and one-on-ones for the superday
Interview questions [1]
Question 1
For the superday technical portion, I chose a company and walked through the company being acquired from the lens of an analyst
I applied online. The process took 1 week. I interviewed at Scotiabank (New York, NY) in Feb 2026
Interview
I applied in 2026 and moved forward to the hirevue round. It was pretty straight forward but they asked more questions than typical hirevues. I think everyone who applied made it to the hirevue so really need to do well on that to stand out and move forward to interview. This was my first IB interviews so didnt know what to expect going in to it.
Interview questions [1]
Question 1
- if you were to get handed an assignment that in a vertical that you had no experience in what would you do if your manager was not available
- TMAY and what drew you to IB over other career paths and why are you interested in ScotiaBank
- Describe a time when you had to manage conflicting schedules/deadlines and time constraints
- What are the main valuation mythologies used in investment banking and when would you use each
- Tell us about a recent M&A deal you have been following, what did you find interesting, what are some useful metrics or ratios someone would look at to evaluate that deal, how would someone evaluate whether or not it was a good deal for the buyer
Investment Banking Summer Analyst applicants have rated the interview process at Scotiabank with 3 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 90% positive. To compare, the company-average is 64.7% positive. This is according to Glassdoor user ratings.
Candidates applying for Investment Banking Summer Analyst roles take an average of 25 days to get hired, when considering 10 user submitted interviews for this role. To compare, the hiring process at Scotiabank overall takes an average of 21 days.
Common stages of the interview process at Scotiabank as a Investment Banking Summer Analyst according to 10 Glassdoor interviews include:
Group panel interview: 24%
Phone interview: 19%
One on one interview: 19%
Skills test: 14%
Personality test: 10%
Background check: 10%
Drug test: 5%
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