Lincoln International Interview Questions

133 total interview insight submissions
Interview Experience (99%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

4
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (90%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

2.7
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (100%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

88%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at Lincoln International

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Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Student / Prospective Monkey
Year 2024
Job Title Student / Prospective Monkey
Group/Division Investment Banking
Location Los Angeles
Experience
Positive
Difficulty
Easy
Intern
Year 2023
Job Title Intern
Group/Division Generalist
Location Los Angeles
Experience
Very Positive
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Mergers and Acquisitions
Location Frankfurt
Experience
Very Positive
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Valuation
Location Chicago
Experience
Positive
Difficulty
Average
2nd Year Analyst
Year 2020
Job Title 2nd Year Analyst
Group/Division Industrials
Location Chicago
Experience
Very Positive
Difficulty
Easy
N/A
Year 2023
Job Title N/A
Group/Division Investment Banking
Location New York
Experience
Neutral
Difficulty
Difficult
Summer Associate Intern
Year 2023
Job Title Summer Associate Intern
Group/Division Generalist
Location Chicago
Experience
Positive
Difficulty
Easy
Intern
Year 2023
Job Title Intern
Group/Division Generalist
Location Chicago
Experience
Positive
Difficulty
Average
Student / Prospective Monkey
Year 2023
Job Title Student / Prospective Monkey
Group/Division Generalist
Location Los Angeles
Experience
Positive
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Valuation
Location Chicago
Experience
Positive
Difficulty
Average

Interview Questions & Answers - Lincoln International Examples

Investment Banking Summer Analyst Interview - Investment Banking

Anonymous interview candidate in Los Angeles
Interviewed: March 2024
Date Submitted: Apr 08, 2024
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Interview
I applied online on their company website. I did not network with anyone at the firm. I was reached out to about their Los Angeles office, while being rejected from the San Francisco office. They sent me an email asking for my availability for a 30 minute interview with a first year analyst, who said he received my resume from the Chicago office. We agreed on a time, which was rescheduled the day of due to a call running late for the analyst. I was asked the standard behaviorals (tell me about yourself, why IB, why Lincoln), and some standard techs (what are the 3 methods of valuation, what are the 4th and 5th methods of valuation, $10 increase in depreciation). Interview was standard and easy.
Interview Questions
None of them were unexpected. The behaviorals were the standard big 3, the techs were easy and from the guides. An example being "What are the 3 methods of valuation. What is the 4th, and what is the 5th?" Anyone who preps moderately would be able to ace this with ease. I was also asked if I was interested in LA banking specifically.
Sample Answer

Analyst Interview - Generalist

Anonymous employee in Los Angeles
Interviewed: July 2023
Date Submitted: Mar 05, 2024
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Group Interview
IQ / Intelligence Test
Interview
1st round behavioral and basic technicals, 2nd round technicals, Superday (6 interviews) with technicals and behaviorals scattered throughout. Seemed like good culture.
Interview Questions
1. How do you get cost of debt for a private company?
2. A company is valued at 10x with 50M EBITDA. By the end of the day, the company releases earnings which does not affect EV but causes the multiple to drop to 5x. What happened and why might the market react like this?
3. What is 23 squared? (timed)
4. Paper LBO: Company is purchased at 8x at 50M ebitda using 70% debt / 30% equity. Before exit, the company uses cash from operations to reduce debt by 100M. At exit, the company has 70M ebitda and is sold for 10x. What is cash on cash return. Don't worry about taxes.
Sample Answer

Intern Interview - Mergers and Acquisitions

Anonymous employee in Frankfurt
Interviewed: March 2023
Date Submitted: Nov 14, 2023
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
About two weeks after submitting the online application I received a call inviting me to a one-on-one interview with an Associate and HR employee. Each interview lasted for approximately one hour. The interview covered all of the common accounting, M&A, and personal fit questions. Overall, both interviewers brought a very positive atmosphere while testing my knowledge and cultural fit into the company.
Interview Questions
The interviewer asked specific questions towards would unusual comps could be used in the consumer sector. These questions required some creativity as I did not prepare specifically for the consumer sector.
Sample Answer

VOG Interview - Valuation

Anonymous employee in Chicago
Interviewed: September 2023
Date Submitted: Oct 17, 2023
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
1 on 1 Interview
Group Interview
Interview
Hr screening(mainly behavioral) , then technical round, then superday with 6 people from different offices
Interview Questions
How’s your valuation experience?
Sample Answer

Lateral analyst Interview - Industrials

Anonymous interview candidate in Chicago
Interviewed: February 2020
Date Submitted: Oct 11, 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Interview
First round with HR, second round with an analyst, third round superday with everyone from analyst to MD
Interview Questions
Everything was standard / from the interview guides - there was a brief case study portion that involved discussing a company in a blinded teaser and how you would value and market the business
Sample Answer

Summer Investment Banking Analyst Interview - Investment Banking

Anonymous interview candidate in New York
Interviewed: April 2023
Date Submitted: Jun 29, 2023
Outcome
No Offer
Interview Source
Recruiter
Length of Process
1-2 months
Application
Phone Interview
Group Interview
Skills Test
Interview
The first interview was over Zoom with an analyst and an associate. It consisted of primarily behavioral questions with 5 (easy) technical questions. A few weeks later I was invited to a Superday at the New York City office. This interview consisted of six 30-minute interviews with analysts, associates, and managing directors.
Interview Questions
What was the hardest part about your managerial finance class?
Sample Answer

2024 Summer Analyst Interview - Generalist

Anonymous interview candidate in Chicago
Interviewed: March 2023
Date Submitted: May 26, 2023
Outcome
Declined Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
Came to my school for a recruiting visit and allowed for coffee chats after the meeting. Gave out first rounds to about 15 or so kids and held them on campus. Interview was relaxed as people you networked with were most likely the ones interviewing you. Had casual conversation and some brief stories and then moved to technical part. Did a case study about a product and how you could do different things with the company ie valuation, expansion etc(don't want to share too much). Then asked basic techs with some accounting and DCF especially.
Interview Questions
Nothing really unexpected except for a case study.
Sample Answer

Investment Banking Summer Analyst Interview - Generalist

Anonymous employee in Chicago
Interviewed: March 2023
Date Submitted: Apr 24, 2023
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Interview
First round to Superday. Superday consisted of 6 interview ranging from multiple analysts, associates, directors, and VPS
Interview Questions
What separates you from other candidates? Why do you want to be here? LBO analysis, Paper Lbo
Sample Answer

summer analyst Interview - Generalist

Anonymous employee in Los Angeles
Interviewed: January 2023
Date Submitted: Apr 13, 2023
Outcome
Accepted Offer
Interview Source
Other
Length of Process
1-2 months
Application
1 on 1 Interview
IQ / Intelligence Test
Personality Test
Interview
First round was a technical screen involving a call with an associate who asked me high level behavioral questions. After he asked me really easy technicals like $10 depreciation, valuation methods, etc.
Second round was 80% technical and some LBO questions
Superday was 5 rounds and mix of behavioral and technicals. Technicals were pretty challenging at some points.
Interview Questions
LBO question involving finding the MoM and IRR
Sample Answer

Valuations and Opinions Intern Interview - Valuation

Anonymous interview candidate in Chicago
Interviewed: April 2023
Date Submitted: Apr 11, 2023
Outcome
No Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
Group Interview
Interview
Did a behavioral phone interview first. Then moved to a technical interview with 2 analysts a week later, standard IB questions.
Interview Questions
Lots of scenario questions, but nothing too difficult: If you have one company that's 100% equity and another that's 50% debt 50% equity, who's cost of capital is higher? All thinking questions and nothing outside of 400 IB questions
Sample Answer