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.
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What’s the purpose of creating a 3-statement model for an LBO?
Creating a 3-statement model enhances the accuracy of the model. If the balance sheet balances, that is very useful proof that the model is working. Furthermore, lenders and investors may wish to see the value of the assets and liabilities, as well as changes in the balance sheet over time. Lenders will often use the […]
Do you invest in stocks? What are some stocks you own?
The purpose of this question is to see if you are truly passionate about investing and are following the markets. Most individuals with a passion for investing will be actively following the markets, even if it just means investing in a paper portfolio if they are limited by capital or regulatory limitations. Presumably, if you […]
Why can net working capital be negative?
Some businesses will take an initial deposit from the customer and deliver the goods or services at a later date or over a period of time. Instead of having the customer pay on credit, which would go to accounts receivable, you receive the deposit and end up with deferred / unearned revenue since you still […]
When does discounting UFCF and LFCF produce the same value? When do they not?
The UFCF method relies on assuming a target capital structure throughout the projection period. However, LFCF may have their capital structure change throughout the projection period as the company pays back debt or borrows more. As a result, they usually result in slightly different values. However, if the target capital structure and the actual capital […]
What is your greatest strength?
This is a personal question and you should generally just be honest about your greatest strength, but make sure the wording is right. Passion, attitude, leadership, intellectual curiosity, work ethic, resilient; the list goes on. Don’t say something that makes you seem cocky, like intelligence (everybody in IB is intelligent to some degree). Ideally, you […]
What are the most important items to due diligence in an M&A deal?
The due diligence process for an M&A deal typically involves questioning and confirming all key aspects of the business, especially the growth trajectory of the business and industry. PE firms will often hire 3rd parties to help out with different aspects of due diligence. Some of the most important due diligence is done on the […]
