Recruitment |
Spring 2025 Recruiting Timeline
Interest MeetingWe will provide an introduction to Bell Tower Capital Management, an overview of Junior Analyst responsibilities, and answer questions regarding the recruiting process.
Please wear business casual attire January 14th @ 5pm in Nelson 2406 |
Admission ExamOne-hour pitch exam administered via email on a publicly-traded company chosen by the Leadership Team. Pitches should demonstrate financial analysis, fundamental business understanding, and valuation techniques.
January 20th and 21st |
Final Round InterviewTop exam performers will be extended
30-minute behavioral and technical interviews conducted by the Managing Director and Director of Equities to test exam understanding and general financial acumen. January 23rd and 24th |
Recruitment FAQ
What qualities do you look for in an applicant?
We look for highly motivated self-starters with a passion for learning. The ideal candidate is curious about keeping up with the markets and possesses a basic fundamental understanding of finance concepts.
How can I prepare for the admission exam?
Effectively utilizing the 10k (company's annual report) will be crucial in delivering a successful exam. Familiarize yourself with reading this type of document and knowing where to find relevant company financial data. The Business, Management's Discussion and Analysis (MD&A), and Financial Statements sections will be especially helpful for finding the information you will need for the write-up.
Make sure to discuss the fundamental characteristics of the business and ask yourself questions to build an argument that supports your valuation thesis. How does the company make money? What is its moat/competitive advantage? What are the unit economics? What is management like and how are they incentivized? What are the industry dynamics? What are the risks?
There will be no technical analysis on the admission exam, but be prepared to provide a qualitative financial analysis of the assigned company. You should also provide a brief valuation section and thoughts for a target price.
For further practice, we recommend reading value investing posts such as those on ValueInvestorsClub.com, 10thMan Substack, AGB Substack, etc.
Make sure to discuss the fundamental characteristics of the business and ask yourself questions to build an argument that supports your valuation thesis. How does the company make money? What is its moat/competitive advantage? What are the unit economics? What is management like and how are they incentivized? What are the industry dynamics? What are the risks?
There will be no technical analysis on the admission exam, but be prepared to provide a qualitative financial analysis of the assigned company. You should also provide a brief valuation section and thoughts for a target price.
For further practice, we recommend reading value investing posts such as those on ValueInvestorsClub.com, 10thMan Substack, AGB Substack, etc.
How can I prepare for the final round interview?
Know your exam write-up and be able to articulate your thought process. Be prepared for behavioral and basic technical banking interview questions.
What does a typical week look like? How much of a time commitment is Bell Tower?
Junior analysts will be assigned outside readings and exercises (~1 hour/week) and are required to be at weekly meetings (~1 hour/week). Additionally, you will be responsible for working on a team to create and deliver a final capstone equity research project and stock pitch. (time varies).