First Year Analyst

1. Introduction & Fit Questions
Brief self-introduction (education, work experience, interest in finance).
Why do you want to work in investment banking?
Why are you interested in our firm specifically?
Walk me through your resume.
What skills do you bring that would make you a successful investment banking analyst?
What motivates you to work in a high-pressure environment like investment banking?
Tell me about a time you worked on a team and had to handle conflict.
Why should we hire you over other candidates?
2. Technical Questions
Valuation:
Walk me through a discounted cash flow (DCF) model.
What are the different ways to value a company?
How would you use comparable company analysis (Comps)?
What is precedent transaction analysis, and how is it different from comps?
How do you calculate enterprise value (EV)?
Financial Statements:
Walk me through the three financial statements (Income Statement, Balance Sheet, and Cash Flow Statement).
How are the three financial statements linked?
If depreciation goes up by $10, how does that impact the three financial statements?