First ever IB interview, what should I be expecting?

Undergrad at non target here. I recently interviewed for a SA position at a regional boutique that I was able to secure by cold emailing an alumni MD from there. I interviewed with an analyst on Friday, and prior to it I rigorously studied Rosenbaum and Pearl and read up on deals they had previously done on their website. During the interview I was able to walk him through a DCF without any mistakes and answered al other technical questions correctly. When he asked me if I was familiar with the firm, I told him about a certain deal on the website I had read about that seemed interesting, and he showed me a plague that they had from it. On the way out they told me they would notify me of their decision sometime next week. The office had only 12 or so people in it so I am expecting they only hire one summer analyst. Does anyone have similar experience interviewing or hiring at a small boutique, did I crush the interview like I originally thought, or what should I expect?

2 Comments
 

Sounds like you did a good job. Generally speaking, cold emailing a small (~12 people only) regional boutique usually is already a strong move as it really shows you are eager and motivated. If you answered the questions correctly, I guess it really will boil down to team fit and perhaps if no other extremely strong candidate with superior answers is in the race.

 

Incidunt cumque soluta quidem sed fugit. In eos id non earum. Quas deleniti ad sit in soluta voluptas quasi. Quae inventore assumenda qui et qui rem reprehenderit.

Cupiditate quo explicabo qui recusandae eveniet. Voluptatem fugiat et molestiae nostrum in.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”