Investment Banking Summer Internship Interviews
Do investment banks of all sizes (BB, EB, and MM) require modeling tests for junior year internship summer analyst positions? Do you actually have to sit in excel for an hour or two and create a model or do a modeling case? Or is the extent to which they gauge your modeling abilities through their technical questions?
Based on the most helpful WSO content, investment banks typically do not require full-fledged modeling tests for junior year summer analyst positions. Instead, they assess your technical skills through technical interview questions rather than having you build a model in Excel during the interview process.
For junior year internships, the focus is more on understanding key financial concepts, such as:
However, for lateral analyst positions or more advanced roles, modeling tests are more common. If you're preparing for technical questions, resources like the WSO Prep Pack, Vault guides, and free modeling lessons offered by WSO can be incredibly helpful. These resources cover financial statement modeling, DCF, M&A, LBO, and more, which are the core areas you might be tested on.
Sources: Junior Year Summer - Will Tech Internship Hurt Me?, Local/Small MM Bank Internships for Sophomore Year (Summer/Fall), Incoming Investment bankers, what did you do sophomore summer?, Q&A 2.0: 3rd Year BA/A/AC At MBB Going To UMM/MF This Summer, Q&A: Current 3rd-Year BB Coverage Analyst
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