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Browse Our Resources For Acing Your Next Interview

Investment banking interviews are often very technical, testing you on financial concepts not taught in the classroom. The Finance Interview Coach Resources page was created to offer candidates with additional resources to assist in preparing for their interview.

How does a $120 purchase of an annual subscription affect the 3 statements?

Follow along with a walkthrough of a common type of accounting question you may be asked in a investment banking interview.

What are multiples? Why use EV/EBITDA?

What are multiples? Why are they used? What are Equity Value Multiples? What are Enterprise Value Multiples?

This video explores some basic concepts of Comps.

Walk me through a DCF.

“Walk me through a DCF” is one of the most fundamental (and common) questions in an investment banking interview. Follow along with Finance Interview Coach Josh Jia while he walks through the 6 most common steps.

 

Pitch me a stock

The stock pitch is one of the most common investment banking interview questions. Although verbally presenting without a deck is very different than how you would ultimately present the work in your firm, having a clear structure to your answer is extremely important.

 

Get access to the Full 350 Question guide and the 6 Investment Banking Slide Decks

Sample Questions

What are your three greatest strengths?

You should just be relatively honest about your three greatest strengths, while avoiding overconfident answers like intelligence. Passion, attitude, leadership, intellectual curiosity, work ethic, and resilience are some examples.

First, list your 3 strengths. Then use this opportunity to tell a quick story about each strength and provide an example from work, school, or extracurricular experiences.

You won’t have time to go in-depth into each example. For each example, just provide the general context, the most pertinent details, and the result in a few sentences.

Feel free to conclude your answer by repeating your three strengths again as a smooth way to end your answer.

What type of multiples would you use for a company in real estate?

P / FFO Per Share
P / AFFO Per Share
P / NAV Per Share

FFO = Funds from Operations, which adds D&A and subtracts capital gains
AFFO = FFO + capital expenditures + rent increases
Interest is core to business, so debt is considered
NAV = Net Asset Value (Assets – Liabilities) -> Note that this is a different type of NAV than in mining

FFO and AFFO reflect the cash flow profitability of its core real estate business, such as rental incomes. They purposely reverse the effect of “market noise” such as capital gains from property price appreciation.