I applied online. The process took 2 months. I interviewed at Kroll (Londres, Inglaterra) in Nov 2016
Interview
Applied online with my CV and a few weeks later was contacted by a member of HR wanting to book a telephone interview. Fairly straightforward telephone interview. Was then invited to Assessment Day with 7 other people which involved a numerical test, a case-study exercise in teams of 2 or 3 which was then presented to two employees from the Valuations team, lunch with existing employees and 3 interviews after lunch.
Assessment Day was rather strange in terms of the difficulty of the numerical tests without a calculator in addition to not being told to bring a calculator which was needed for the case-study when calculating a DCF. If you did not have a calculator like my group you were expected to perform a DCF on a mobile phone calculator which is quite ridiculous.
Interview questions [1]
Question 1
Telephone:
What do you know about Duff and Phelps?
Why Valuations?
Assessment Day:
How do you calculate WACC, Cost of Equity?
How do you calculate FCFF, FCFE?
How would you price a call option? (think black-scholes model)
Relationship between interest rates and bond prices
What valuation method would you use for a company not making profits?
Maths:
About 15 mental maths questions and 15 Valuations and Accounting questions with no calculator.
Applied online. had interviews with HR, a few VPs and MDs. Mainly technical questions. Some competencies. Some math tests. Some fit.
Generally nicer people than those at banks. They ask harder questions but are more forgiving
Phone screening - very simple... glimpse into the company with no behavioral just a few technical... ways to value a company? market outlook.... walk me through a DCF.... Walk me through Weighted Average Cost of Capital
Interview questions [1]
Question 1
how can you go about coming up with values for future cash flows when doing a DCF