Took forever. I was not offered a position, but the entire process, first contact to notification of final decision took almost 4 months! They weren't very communicative during the entire process.

After phone interview I was invited to the office for numerical test and interviews with VP and MD. Discussing various topics including why valuation, previous experience, projects I worked on, discussing approaches used in valuation, calculation of WACC, DCF, PPA. Also some question what would I do in specific situations etc.