National Bank of Canada Interview Questions

21 total interview insight submissions
Interview Experience (91%)

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.

3.9
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (89%)

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 (78%)

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.

52%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at National Bank of Canada

Get Prepared
Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Student / Prospective Monkey
Year 2025
Job Title Student / Prospective Monkey
Group/Division Sales
Location Toronto
Experience
Very Positive
Difficulty
Easy
Student / Prospective Monkey
Year 2025
Job Title Student / Prospective Monkey
Group/Division Equity Research
Location Toronto
Experience
Negative
Difficulty
Average
Student / Prospective Monkey
Year 2025
Job Title Student / Prospective Monkey
Group/Division Equity Research
Location Toronto
Experience
Negative
Difficulty
Average
Intern
Year 2024
Job Title Intern
Group/Division Commodities
Location Calgary
Experience
Positive
Difficulty
Average
Intern
Year 2024
Job Title Intern
Group/Division Sales and Trading
Location Toronto
Experience
Positive
Difficulty
Average
Intern
Year 2023
Job Title Intern
Group/Division Corporate Banking
Location Toronto
Experience
Positive
Difficulty
Easy
Intern
Year 2022
Job Title Intern
Group/Division Generalist
Location Toronto
Experience
Very Positive
Difficulty
Average
Intern
Year 2020
Job Title Intern
Group/Division Investment Banking
Location montreal
Experience
Very Positive
Difficulty
Average
Student / Prospective Monkey
Year 2020
Job Title Student / Prospective Monkey
Group/Division Investment Banking
Location Vancouver
Experience
Neutral
Difficulty
Average
Intern
Year 2018
Job Title Intern
Group/Division Investment Banking
Location Toronto, ON, Canada
Experience
Positive
Difficulty
Average

Interview Questions & Answers - National Bank of Canada Examples

Sales & Trading Summer Analyst Interview - Sales

Anonymous interview candidate in Toronto
Interviewed: November 2025
Date Submitted: Apr 11, 2026
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
1-2 months
Application
Phone Interview
Interview
First round was many behavioural questions, mostly based on resume and experience with a few market questions (pitch me a stock), second round with desk head, very conversational and behavioural, similar to first round.
Interview Questions
"Your interests are very solo, how do we know you'll fit in a team setting?"
Sample Answer

Equity Research Summer Analyst Interview - Equity Research

Anonymous interview candidate in Toronto
Interviewed: March 2025
Date Submitted: Mar 24, 2025
Outcome
No Offer
Interview Source
Applied Online
Length of Process
2-3 months
Application
Group Interview
Interview
Interview with 2 associates, asked pretty basic technicals and didn't go too deep into my resume. Grilled on fit questions, (e.g. why ER specifically, trying to get granular into job details). Definitely prepare some stocks to pitch that you know inside out
Interview Questions
Grilling me on a specific stock I pitched (Garmin) telling me to break down all revenue streams, unit economics, giving me counter points
Sample Answer

Sales and Trading Intern Interview - Commodities

Anonymous interview candidate in Calgary
Interviewed: November 2024
Date Submitted: Mar 06, 2025
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
Group Interview
Interview
Interviewed with commodities team, applied through corporate website. Interviewed with 3 managing directors in the first round. Technical questions, namely in commodities and standard behavioural questions. Second round was with two people, a managing director and group head.
Interview Questions
Backwardation and Contango question and how under each stipulation what you should do in a circusmtance
Sample Answer

Intern, Sales and Trading Interview - Sales and Trading

Anonymous employee in Toronto
Interviewed: December 2024
Date Submitted: Feb 13, 2025
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Group Interview
Interview
Two rounds per team interviewing you. Both rounds consist of behaviourals and technicals. 1st round with VP and analyst and second round is with the MDs.
Interview Questions
Asked about the statistics behind beta and statistical levers behind it.
Sample Answer

Corporate Banking Summer Analyst Interview - Corporate Banking

Anonymous employee in Toronto
Interviewed: July 2023
Date Submitted: Sep 24, 2024
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
There were two rounds and the total turn around was roughly 2 weeks (1 week between the first round and second round). There are two teams: Credit Capital Markets and Loan Structuring and Syndications. You will interview with both for a total of 4 interviews (first rounds with both teams, final rounds with both teams). First round consisted of 2 associates, final round consists of 2 VPs for CCM and 1 VP 1 MD for LSS.

Interviewers are generally normal people that represent that strong culture at National. They emphasize behavioural and fit more than anything, I think my "Why National" answer was a strong reason why I got the job (I messed up on two technicals and was still pushed through). Have a strong reason for corporate banking at National. No super polarizing personalities in the office.

Culture: There is definitely a strong comraderie amongst the corporate banking team and they try to host socials. Notably, due to the shorter hours of corporate banking, analysts are not glued to the job and have personalities outside of work (as opposed to maybe investment banking for example). CCM is a larger team that covers all verticals, whereas LSS has 5 people sitting in the Toronto office (much tighter-knit culture in LSS). This was very evident during my internship as LSS would eat lunch together and grab drinks together consistently. Others in CCM, as mentioned, were nice people, but obviously had lives outside the job.

Worth trying to have an intellectual conversation about the industry your interviewer is in. Read the room, some of the people love the industry they cover, others just got slotted in. If you get an interviewer who seems to like their industry, have an intellectual conversation with them about it.
Interview Questions
"Would you rather lend to a company with High Capex or issued a dividend recap".
Sample Answer

Investment Banking Summer Analyst Interview - Generalist

Anonymous interview candidate in Toronto
Interviewed: August 2022
Date Submitted: Sep 28, 2022
Outcome
No Offer
Interview Source
Employee Referral
Length of Process
Less than 1 month
Application
1 on 1 Interview
Interview
The questions are fair. Got asked basic IB questions such as why National, why IB. Pitched a stock, and also discussed the industry that I'm interested in.
Interview Questions
1. What is the industry that you are most interested in?
Sample Answer

Summer Intern Interview - Investment Banking

Anonymous employee in montreal
Interviewed: September 2020
Date Submitted: Aug 05, 2021
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Group Interview
Interview
Company reached out through our school's resume book. Had 2 rounds, the second round a super day consisted of 4 interviews with the seniors.
Interview Questions
Specific questions on your resume, since they really dig into your experience, and you will have to answer them well.
Sample Answer

Summer Analyst Interview - Investment Banking

Anonymous interview candidate in Vancouver
Interviewed: June 2020
Date Submitted: Jun 18, 2020
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
Skills Test
Personality Test
Interview
Submit resume, cover letter. Invited to participate in a online skills and personality test. Invited for first round interviews over the phone.
Interview Questions
Mostly just make sure to research the company's core values and match them. For the personality test, make sure you answer the questions with the core values in mind! Phone interview questions were straight forward: why National Bank, why Investment Banking, asked about current affairs relating to the world and the company, and also asked a few basic technical questions. Everything was straight forward, nothing you can't google if I'm being honest. Be sure to be genuine and friendly as the hours are long and they know they will be working with you closely.
Sample Answer

Investment Banking Summer Analyst Interview - Investment Banking

Anonymous interview candidate in Toronto, ON, Canada
Interviewed: October 2018
Date Submitted: May 11, 2019
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
1 on 1 Interview
Group Interview
Interview
The company posted a posting for their Investment Banking Summer Analyst position on my University career website. I applied with my resume/coverletter/transcript and got a phone call for an interview within 3 days. Within a week of the application I had my first round of interviews with 1 Analyst and 1 VP. After that I got a call for a superday in the evening that was held the following week.
Interview Questions
Nothing was really difficult. All the questions were straightforward about valuations and my previous work experience.
The most weird one was specifically regarding a construction company and how you would use a Sum-Of-Parts valuation to derive its value. With that question I had to answer how to value infrastructure businesses (highway toll), using company comparable and book value to arrive the valuation of the entire company. I was also asked regarding recent infrastructure deals (A-25 highway purchase in Montreal).
Sample Answer

Summer program Interview

Anonymous interview candidate in Montreal
Interviewed: February 2017
Date Submitted: Jun 20, 2018
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Group Interview
Interview
You first submitted your application online, and recruiter contacted you for interviews, approxiamtely 4 rounds.
Interview Questions
Asked about the transactions the bank has done, and more follow up questions on multiples, leverage. It is not really hard if you fully prepare and understand. Overall, I didn't expect that many follow up questions after the transaction, and certainly, you need to have more time to prepare for that. Overall, I think that you should plan out the interview, and prepare to look into all the details in the resume. I personally think that it is a fair interview process, and know about the transactions are very important, and it is important to also understand about lots of details of the transaction, such as multiples, leverage, comparable, rationales.
Sample Answer
video
Break into National Bank of Canada
WSO Academy helps place students in Elite Firms around the world
Learn more
$5m+
Est Annual Revenue
Industry
Investment Banking Sales and Trading

Unlock WSO Database

1 month free. Add your own pay data.

Add Your Interview