IB Phone Interview Summer Analyst Internship

Hey Everyone,

I come from a non-target school and through networking I have been able to secure an IB phone interview for a big bank. I obviously want to be prepared to the full extent and I am not sure what types of questions they will be asking. Anyone know what types of questions they focus on in phone interviews? Or what types of things should I have prepared or things I should stay away from? Any information would be helpful. Thanks

8 Comments
 

Probably a weed out type call, so make sure you can talk about yourself in a polished and concise manner. Prepare for the standard behavioral/fit interview questions. Prepare for some technical questions too; have an opinion on the markets. Honestly with phone interviews, anything is fair game. But the benefit of this is that you can have a computer screen and tons of notes in front of you to help you answer whatever you may be asked (don't use this as a crutch, and definitely don't let the interviewer hear you typing away). Just know your shit.

 

Congratulations! I would be prepared for the some more common technicals that can be derived from your story. Like if you say you've built a DCF before then expect to have to explain it. In addition, I would say know your behaviorial and have well thought out answers. In addition, know why bank X, why investment banking, and why city X (especially if it isn't NYC).

On another note - are you sure this is a true phone interview and not an informational? I don't really know of any processes that are already doing interviews.

 
Best Response

Generally speaking, you can expect about 60/40 in terms of fit to technical. If it's SA, you're unlikely to need to know much on merger and LBO models unless you find yourself with an interview at one of the top three firms or at an elite boutique. Almost everything else–especially accounting–is fair game.

Good follow-up questions cater to your interviewer and either his/her job or background. Don't ask cookie cutter questions about culture, and try to cater current event related questions to things that the bank you're interviewing at has worked on recently.

 

Odit expedita et numquam in error est. Sed dicta provident eius molestias dolores voluptatum. Magnam et molestias nihil similique. Repellat repudiandae sint sit id molestias corrupti et. Et corrupti sunt quis ipsum totam similique. Maxime repudiandae molestiae eius expedita.

Officiis aperiam doloribus totam voluptatem corporis dolorum. Nulla dolorum nihil autem alias voluptas.

Aut cupiditate aliquid veritatis earum saepe. Sunt tenetur cumque blanditiis numquam. Voluptates qui provident eius itaque sunt ratione sit. Facere et occaecati in ut.

Qui repudiandae nihil voluptatum. Similique iste sapiente soluta numquam eos. Nostrum rerum dolorem rem sint hic quo reprehenderit. Sit eum quo officia rem aut. Omnis eius quia eius amet est amet qui. Incidunt voluptatum doloribus quia aut ipsum at. Qui commodi nesciunt voluptatem delectus quam accusantium.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $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

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
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...”