How long would you say is enough to be prepared for IV interviews. Specifically, technicals. And I’m not going for the big players but for mid or lower bracket firms and boutiques.
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M&I 400 questions guide and I personally bought the interview guide 4.0 breaking into wall street
How long did it take you ?
Shoot I am still in the interview stages right now haha, got my second interview next week. I am interviewing at a small middle market investment bank, the the first interview was pretty easy. They asked me if I knew the valuation methods and explained them, what are the 3 financial statements, why investment banking, etc. I don't really know what they ask at the bulge bracket banks.
Not really a set timeframe, can take 2-4 weeks to learn the basics. I used:
Technicals - 400 IB Questions
Industry Knowledge - WSO, News
Study the main questions on 400, like $10 depr, how are statements connected, etc for 3-4 weeks
Depends how much you want to know or if you’re targeting WB (they ask paper LBOs), I would really say 3 to 6 months (10 hours of studying a week) to be comfortable with technicals. I didn’t start really studying until a month before and was not confident enough walking into superdays.
This is a super broad question and is full of a ton of factors. How much finance/accounting knowledge do you have already? How many hours are you willing to put in each day? How smart are you? How good are you at retaining information? How good are you at memorizing?
Started sifting through the shit and soaking up all of the quality and knowledgeable content on WSO my freshman year, so that gave me a head start (I recommend everyone do the same). As for technicals, I dove right in at the beginning of December. I’d say that was the perfect time, not too early and not too late. Had my first, first round middle of January and bulk of my interviewing occurred in late March/early April until I signed my offer.
Did you know any technical info before december (other than basics )? Also do they ask ever to make a dcf or lbo from scratch ? I assume not since it takes a lot of time
Other than the basics, no. I was not asked to build anything from scratch but know the DCF and LBO conceptually
Didn't know anything about IB a year ago, started considering this career path end of August, and just studied non-stop for technicals and behaviorals until I got 3 IB FT offers in November (one BB where I just started and two boutiques). So I would say after 2 months and some practice I was fully ready. The first interviews I had were terrible but I learned from my mistakes and did better in my next ones.
Background: bachelor and masters from a UK target and work experience unrelated to IB but relevant to the coverage group I'm currently in.
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