Get your FREE Investment Banking Interview Questions

Unlock hundreds of investment banking interview questions. Simply fill-out the form below to receive questions directly into your inbox

Hundreds of IB Interview Qs

Land the Investment Banking job of your dreams.

Get HUNDREDS of real finance interview questions from ACTUAL investment banking interviews.

Finance Interview Qs offers the most updated and best-written interview prep resources on the market. We source questions directly from managing directors at world-class institutions.

Behavioural & Fit

Make sure you are a strong organizational fit with the company’s core values

Accounting

Test your understanding of critical accounting concepts and their impact on investments

Discounted Cash Flow

Test your understanding of levered and unlevered discounted cash flow models

Leveraged Buyouts

Review leveraged buyouts concepts, including LBO modeling and IRR calculations

Market Knowledge

Questions about stock pitches, market forecasts, the IB deal process

Valuation

Practice concepts like intrinsic value and relative valuation metrics

Mergers & Acquisitions

Review M&A concepts, including accretion / dilution calculations and merger models

Consulting

Covers consulting style questions that are sometimes asked in finance interviews

Sample Questions

M&A - Accretive Deals

If a company trades at a forward PE of X, and acquires a company trading at a forward PE 0.5X. Assuming the deal is 100% stock-for-stock, and the offer includes a 10% premium, will the deal be accretive?

Answer - Accretive Deals

Yes, it will be accretive. By definition, 100% stock deals are always accretive if the acquirer’s PE is higher than target’s.

The 10% premium on the purchase price here is meant to confuse the analyst being interviewed. In fact, even if we increase the target’s PE by 10% (target PE * 1.10), the target’s PE is still below the acquirer’s.

Corp Finance - Asset FMV

A company acquired equipment for $7 million in 2018 and has since depreciated the asset by $4 million. Moreover, the equipment currently has a fair market value of $10 million.

Assuming GAAP, what is the current value of that equipment on the company’s balance sheet?

Answer - Asset FMV

The current value on the balance sheet is $3 million ($7 million acquisition price minus the $4 million in total accumulated depreciation to this day.

In this question, the $10 million fair market value adds some complexity. Although the asset has a certain market value, the company needs to carry the asset on its balance sheet at historical cost (cost – accumulated depreciation).

NOTE: The above answer mostly applies for US interviews. However, internationally and under IFRS standards, it is permitted to reevaluate assets to their fair market value.

Our Members Got Jobs at …

interview companies

What our Members Think

Adrian – Analyst at JPMorgan

Finance Interview Qs really gave me an edge with my interview prep. Not only were the questions challenging but they were also the SAME concepts that JPMorgan tested me on in my real interview. Would 100% recommend the service.

Angelika – Analyst at Goldman Sachs

The greatest thing about Finance Interview Qs is that they keep you engaged and focused every day without overwhelming you. Taking a few minutes daily to answer a question really boosted my confidence for my real interview.

Ryan – Analyst At Highbridge Capital

My coaches Alex and Josh are both great mentors and were a crucial component of my career development early on. The guidance they provided me on financial modeling and LBO modeling gave me a step up in both recruiting and work. They genuinely care about your success and I would recommend them to anyone looking to land a job in capital markets!

Ryan – Investment Analyst, Highbridge Capital

Our Members Got Jobs at …

interview companies

Frequently Asked Questions

Will I get answers to past questions when I upgrade?

Yes! All Basic Plan users who upgrade to the Premium Plan will receive answers to their previous questions in their account dashboard.

How many questions will I receive?

We really believe in the power of distributed learning and everything we do is centered around short learning sessions within regular intervals. This means that you will receive one question per day, every day. Five days per week (we’ll let you rest a little bit on the weekend).

I need some guidance, can I reach out?

Yes! We’re always in contact with our members and would love to hear from you. Leave us a message in the Contact page and we’ll get back to you as soon as we can.

In which format will I receive the questions?

Our Unlimited Access plan includes a professional E-Book with all questions and tips. You will also receive access to the Email Qs subscription and be able to tailor your studying based on the category of questions you want to receive.

How hard are your questions?

With thousands of members, we cannot expect everyone to be at the same level. Therefore, the levels of difficulty vary depending on the user’s preferences. On average, questions take anywhere between 5 to 25 minutes to complete.

Which topics do you cover?

For now, our interview prep focuses mainly on technical and fundamental finance questions. Our main categories include, but are not limited to: financial statements, accounting definitions, valuations, fixed income, corporate finance, mergers and acquisitions, specific industries, +more.

"It's hard to fear a problem when you are making progress on it - even if progress is imperfect and slow."

– James Clear (Atomic Habits)

Ready To Land a Job?