Phone interview, lasted about 30 minutes. Typical questions for equity research - largely focusing on financial statement analysis and how they interact with one another. A good amount of time was spent on the cash flow statement. Questions about particular industries of interest and to pitch a stock. Since Raymond James has several offices, location preference was also asked.

First round was with HR, second with the COO of ER, third with the senior analyst and two associates. A couple technicals in second round and stock pitch, more behavioral / fit seeking process overall.