Duff & Phelps Interview Questions

Updated Jun 26, 2015
85 Interview Reviews

Interview Experience

Interview Experience

64%
22%
12%

Getting an Interview

Getting an Interview

54%
28%
11%

Interview Difficulty

3.1
Average

Interview Difficulty

Hard

Average

Easy

Candidate Interview Reviews

Sort: Popular Date Difficulty
  1.  

    Analyst Interview

    Anonymous Interview Candidate in Chicago, IL
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through an employee referral. The process took 5 daysinterviewed at Duff & Phelps (Chicago, IL) in August 2014.

    Interview

    The interview process was great it was so nice to meet everyone on the team that I would be working with after my first phone screen. Coming into the office was great and it really gave me a feel for the company.

    Interview Questions

  2.  

    Investment Banking Analyst Interview

    Anonymous Interview Candidate
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through college or university. The process took 4+ weeksinterviewed at Duff & Phelps in April 2015.

    Interview

    The interview process was largely conducted over the phone, as I was an East Coast college grad applying for a West Coast role. The interviewers were very cordial and professional, and we had a lot in common. They took care to analyze my skillset while also selling the company to me in a positive way.

    Interview Questions

    • What's your favorite recent deal in [xxxx] industry? Why? What can you tell me about the valuation methodologies?   Answer Question
  3.  

    Corporate Finance Interview

    Anonymous Interview Candidate in Chicago, IL
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through an employee referral. The process took 3 daysinterviewed at Duff & Phelps (Chicago, IL) in January 2015.

    Interview

    Behavioral Interview, Phone screen and then moved on an onsite interview. Behavioral and motivational questions were used. Process was fairly easy, met with 4 interviewers and then an offer was presented. Background check and onboarding was very easy.

    Interview Questions

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Interview Review


  5.  

    Valuation Analyst Interview

    Anonymous Interview Candidate
    Accepted Offer
    Positive Experience

    Application

    I applied through college or university – interviewed at Duff & Phelps.

    Interview

    I applied through school portal & interviewed on campus. The first round interview was a combination of technical and fit questions. I was called back for a second round at the office. This interview was also a combination of technical and fit questions, but focused more on how you would fit into the company. Overall, the interview process at Duff & Phelps was a great experience.

    Interview Questions

  6.  

    Complex Asset Solution Analyst Interview

    Anonymous Employee in London, England (UK)
    No Offer
    Negative Experience
    Average Interview

    Application

    I applied online. The process took 1 dayinterviewed at Duff & Phelps (London, England (UK)) in December 2014.

    Interview

    The whole experience was a bit of a joke. They had me fly to London from abroad (no travel expenses covered), and sit a written test for 30 minutes with about 40 questions on stochastic calculus, programming in C++ and quantitative finance, not too tricky but difficult to finish in time.

    After I finished the test, an indian manager came into the room to know a bit about my background, although he hadn't even bothered reading my CV. We talked about my aspirations, and some easy probability questions. At some point, this person tried to convince me that the combination number C(n,k) was actually bigger than n!/k! while we were discussing a problem. I thought he was testing my knowledge, but then found out he was genuinely convinced that it was so. Just shocking. It kind of gave me a bad impression of the company and the level there.

    After I was done with my interview, I waited for two months only to find out that the job had to be put on hold for budget reasons. So I pretty much wasted my money and time interviewing for this company. I was offered a better job elsewhere later so didn't care too much.

    Interview Questions

    • What is a copula? What is a functor? What is put-call parity?   Answer Question
  7.  

    Intern Interview

    Anonymous Employee in Baton Rouge, LA
    No Offer
    Negative Experience
    Difficult Interview

    Application

    I applied online. The process took 2 weeksinterviewed at Duff & Phelps (Baton Rouge, LA) in March 2014.

    Interview

    Phone interview, very technical questions. Know your financial models. Have working knowledge of energy industry. Questions about inputs to an oil rig.Contracting if projects. Risk level of projects. The guy who interviewed me was in a car dealership at the time getting his car fixed, so distractions were very prevalent. He answered all my questions, but it was just bad to say the least.

    Interview Questions

  8.  

    Valuation Analyst Interview

    Anonymous Interview Candidate in San Francisco, CA
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied online. The process took 4+ weeksinterviewed at Duff & Phelps (San Francisco, CA) in February 2015.

    Interview

    Overall the interview process was very straightforward and HR was extremely supportive throughout the entire process.

    Would recommend that applicants go over finance topics pertaining to DCF valuation and feel comfortable discussing them. In-person interview was a combination of both technical and behavioral questions with Directors / Managing Director - level interviewers.

    Interview Questions

    • Why might P/E ratios differ for two companies with the same revenues?   1 Answer
    • How does the mid year convention work?   Answer Question
    • What aspects of risk is incorporated through Beta?   Answer Question
  9.  

    Transfer Pricing Interview

    Anonymous Interview Candidate
    Accepted Offer
    Positive Experience
    Easy Interview

    Application

    I applied through college or university. The process took 3 weeksinterviewed at Duff & Phelps.

    Interview

    The first step in the interview process was actually the most rigorous in my unique case. I was selected by Duff & Phelps for an interview for a little over an hour on campus. I wasn't interviewing at this point for a specific location, but for various openings they had around the country.I told them I was flexible on location, and about a week later I was contacted by a specific office for a screening interview with a director. That phone call lasted 30 minutes. A little less than a week later I had a second round behavioral interview with a younger associate. that phone call was also about 30 minutes. Two days later I received a call from HR and was extended an offer.

    Interview Questions

    • For the first on campus interview:

      I was not asked too many technical questions about transfer pricing methods or calculating a TP price with a specific method from financial statements, etc. Interviewing many times this semester for TP positions in particular has made me well versed in these interviews, especially at the intern level where my experience has been that they don't expect applicants to have much knowledge on the subject yet. Mostly they just asked me about what I thought my strengths were compared to other candidates and why I was interested in transfer pricing. Then they asked me what my quantitative, accounting, or econ background was. Other than that it was behavioral getting to know me and then answering my questions at length that I had for them about Duff & Phelps and their transfer pricing practice (formerly CETERIS). I think knowing what questions to ask that let them highlight the differences between Duff and other big 4 firms and other questions that showed I already had some knowledge of what transfer pricing looks like in practice is what made them refer me to a specific location and an internship opportunity.

      For the second (first round screening) interview with a director, it was again mostly behavioral questions and why my interest in TP and a few things from my resume. Fairly straight forward. However, my peer interviewed with another Duff & Phelps office for a full time transfer pricing analyst position and said the first phone interview was much more technical with questions about which financial statement do you think is the most beneficial for TP and why? (Income statement, because TP prices for RPM, Cost +, etc can be calculated directly from it). Also question about what is the best TP method (one that gives the most reliable arms length result, usually a direct CUP [if available]but if not judgment and experience will help decide which of the other methods is best for that transaction).

      In my case, the final interview was just another behavioral with very easy and discussion based questions off my resume or my background and interest in the field again. I was more nervous beforehand expecting it to be tougher knowing it was the second round but that conversation actually felt the most natural and slightly less formal than the others as I was speaking to someone close to my own age. I could be wrong but my guess is that this interview was to give their associate experience interviewing and to see if this associate thought I communicated effectively and was pleasant enough to work alongside as I would probably be mentored by as I assist in doing similar tasks.
       
      Answer Question
  10.  

    Director Interview

    Anonymous Interview Candidate in Houston, TX
    Accepted Offer
    Negative Experience
    Easy Interview

    Application

    I applied through an employee referral. The process took 3 daysinterviewed at Duff & Phelps (Houston, TX) in October 2013.

    Interview

    I never met with a single member of the company in person - the entire interview process (consisting of 3 telephone calls - 1 with a practice group leader, one with a managing director and the other with two other directors simultaneously) was done over the telephone.

    The most difficult part of the entire process was the salary negotiation

    Interview Questions

    • Will they (prospective clients) take your call?
      Who are our biggest competitors?
       
      Answer Question

    Negotiation

    I negotiated for salary and for a signing bonus. I had to sign a non-solicitation agreement before employment, and was able to negotiate some of those terms as well.

  11.  

    Valuation Summer Analyst Interview

    Anonymous Interview Candidate
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through an employee referral. The process took 4+ weeksinterviewed at Duff & Phelps in February 2015.

    Interview

    Applied in mid January, heard back about a phone screening early February. Phone interview was more of a conversation and quick questions about why did I choose my school and what led me to valuations. Heard back a week later to interview on site. On site was 3 interviews with directors/MD's. Got to talk to 2 analysts beforehand about how the interviewers are and any quick questions before we went in. First two were more conversations and telling about yourself/conversation. Typical questions about your experiences.

    Last interview was technical, classic basic valuations interview questions. Walk me through a DCF, effect of purchasing a truck on the 3 statements.

    Heard back exactly a week later with an offer.

    Interview Questions

    • Walk me through a DCF.
      How would buying a truck on Jan 1 effect all 3 statements?
      If a company presents large growth assumptions how can you adjust value without touching proj. FCF?
      How many years do you project FCF before using terminal value? Why?
      If I project 3% growth permanently for terminal value, is that reasonable? Why/why not?
       
      Answer Question

    Negotiation

    No negotiations.

Work at Duff & Phelps? Share Your Experiences

Duff & Phelps

 
Click to Rate
or

The difficulty rating is the average interview difficulty rating across all interview candidates.

The interview experience is the percentage of all interview candidates that said their interview experience was positive, neutral, or negative.

Your response will be removed from the review – this cannot be undone.