May 6, 2020 1:40 am
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Investment Banking
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Short Overview
Investment Banking interviews can certainly be difficult. They are composed of behavioral questions (talk about your life, and different experiences you've had) and technical questions (finance, accounting, valuation model type questions).
There are a lot of materials out there that can be very helpful guides for you. If you study ahead of time (ideally 2 months+), and know your technicals well plus how to answer different behavioral questions correctly you will be in good shape!
Best Interview Prep Guide
The best guide I have found (in my opinion) is the "The 400 Investment Banking Interview Question And Answers You Need To Know" by Breaking Into Wall Street and Mergers & Inquisitions. It breaks down each type of question and tells you exactly how to answer it. You do not need any prior experience to begin studying this, but I recommend giving yourself enough time to prepare so that you can actually understand the material instead of just memorizing it!
There is a pdf that has all the actual 400 questions and answers, but here is a link to the website: https://www.mergersandinquisitions.com/investment-banking-interview-questions-and-answers/
For the most part, this guide is quite comprehensive, and for an entry-level (or undergraduate summer internship) role, you won't get asked too many questions not in the guide. However, the questions will not be worded exactly as they are in the guide so actually understanding the material will allow you to adjust and perform best.
Some Other Interview Prep Resources
While the above guide is likely enough, if you find yourself with some extra time and want to continue your preparation, wall street oasis and vault have some pretty good guides as well!
Ask any questions or comments you might have on IB interview Prep (can be specifics or general Qs) below!
3 Answers
2
May 31, 2020 1:22 am
I've heard recruiting keeps getting earlier and earlier for investment banking summer internships. My friend signed an offer at Evercore in May (more than a year before his start date). Do you really need to be ready to interview that early/ahead of time?
poliwag May 31, 2020 2:19 am
@tigerking
It's definitely got wayyy earlier, kind of ridiculous honestly but IBs are competing with each other for talent. I would give yourself at least one month preferably 2 to prepare. So if you are ready to interview to begin your summer (the summer before the actual internship, so be ready by summer 2020 for a 2021 summer analyst role), you will be in really good shape.
On the flip side, if you aren't ready until like June or July, you aren't screwed, but you'll have some catching up to do and likely won't have as many available opportunities as you might have had if you started a few months earlier.
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May 10, 2020 2:21 am
Got rejected by 10 firms already in my junior recruiting campaign. I’m losing faith. Only 3 final rounds as well.
What should I do. Please help
0
February 21, 2024 9:15 am
nothing special
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