Vault’s Verdict

DC Advisory runs an efficient interview process, which typically consists of a couple of coffee chats, followed by a technical interview and a Superday. Interns with the firm report receiving hands-on experience and exposure to live deals right away, as well as solid mentorship.

Full-time bankers in the US also say mentorship is strong. In addition, some teams have the ability to work internationally in the firm’s London office, along with team outings such as ski trips and bike rides and perks including VIP client entertainment trips.

Hours are generally not as long as at other investment banks, while compensation is said to be good though lower than the Street average. Benefits could improve, say insiders. Overall, the best aspects of working for the firm include the positive culture, great people, and exposure to senior bankers and clients.

EMPLOYEE REVIEWS

Hiring Process

• “Summer Analyst level interview process typically includes two coffee chats, one technical interview, and a three- to four-interview Superday. The process depends on position and level. A lot of recruiting is managed internally by bankers, which is difficult.”
• “A few coffee chats followed by four rounds of interviews. Technicals plus Superday.”
• “We run a very efficient process."

Interview Questions

• “Medium technicals with a strong emphasis on culture.”
• “Tell me why we should advise in company X versus an S&P500 ETF?”

Intern Experience

• “Immediate, live sell-side deal experience.”
• “Hands-on experience on deals and pitches. Was slow at times.”
• “The mentorship was the best, the hours were the worst.”
• “Great exposure to MDs and clients. Limited to only seeing certain parts of a deal.”

Quality of Life

• “Generally fewer hours than other banks but largely driven by lack of flow depending on team.”
• “Hard work but lots of team outings.”

Salary and Benefits

• “Comp is in line with market. Benefits and perks strike me as off market. Our insurance is incredibly convoluted and has numerous coverage gaps.”
• “Pay is not up to ‘Street’ levels, but it is good. Could improve on healthcare and other benefits as well.”
• “Large cash bonus. Worst part is we don’t have 401(k) match. Pay is so good that you just need to be disciplined with your savings.”

UPPERS

• “Great, positive, professional culture and knowledgeable bankers.”
• “Great exposure to MDs and clients.”
• “Mentorship.”

DOWNERS

• “Workload.”
• “Some internal politics.”
• “Compensation relative to Street.”