2025 Investment Banking Summer Analyst Interview - Investment Banking
- Applied on Dec 31st, 2023
- Completed Hirevue on Jan 2nd, 2024
- Received a superday invite on March 4th, 2024
- Completed superday on March 8th, 2024
- Describe a time when a manager, teacher, or co-worker gave you feedback about your work. What was the feedback and what did you learn?
- What are some options that a company can pursue when it has excess cash, and when would you recommend each strategy?
- Under what circumstances or market conditions do you think it is preferable to use equity in an acquisition?
Superday Round 1 - Vice President
- Tell me about yourself and why are you interested in JP Morgan specifically?
- Tell me about a time you had to distill complex information into a presentation
- A taxi driver at JFK can wait 30 minutes in a line of cabs to pick up a passenger to drive him to Manhattan for a flat fee of $50. Or, he can
immediately drive 1 hour into the city to pick up passengers as they hail him down. Which option should he choose?
- Now let’s say that in the city he can earn an hourly rate of $100 an hour. Which option is preferable now?
- Tell me about a time you displayed integrity
- Tell me about a time you made a mistake
- Who would pay more—a strategic or a sponsor?
- How would you value a food truck?
- If two companies have the same EBITDA but trade at different multiples, why might that be?
- What are some other reasons beyond intangible factors that this might be?
- Do you have any questions for me?
Superday Round 2 - Associate
- Tell me about yourself
- Why are you interested in JPMorgan?
- If you were to build a sports team for JP Morgan, how much would it cost?
- How would you value the size of the chewing gum market?
- Company A trades at a PE of 15x and Company B trades at 10x. Which is a better investment?
- Two companies have the same financials and growth prospects. Why might one trade higher than the other?
- What are the two kinds of valuation methodologies?
- Which ones would yield the highest value?
- Tell me about some additional valuation methodologies—one more intrinsic one and one more relative one
- Do you have any questions for me?
Superday Round - Executive Director
- Tell me about yourself and why are you interested in JP Morgan specifically?
- How do you find areas of personal and career development for you to focus on?
- Tell me about a stock pitch you did with your investment club
- How do you think about geopolitical risk in the context of that investment?
- What is a financial concept that you can explain in depth?
- What is a trend that you feel will impact the markets?
- Do you have any questions for me?"
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