Based on the most helpful WSO content, late-stage IB interviews often involve a variety of tests to assess a candidate's skills and suitability for the role. Here are a few examples:

  1. Modeling Test: This is a common test where you might be asked to build a financial model. For instance, LAZ has an epic 3-hour modelling test where you have to build a DCF and present your findings.

  2. Case Studies: These are used to assess your problem-solving skills. UBS, for example, does on-site testing, 2 case studies (individual and group) as well as further interviews.

  3. Psychometric/Intelligence Testing: These are used as a preliminary recruitment step to cut down the amount of CVs to review. They are relatively easy to prepare for and are used in many industries globally.

Remember, the exact nature of the tests can vary depending on the company and what they are looking for in a candidate. So, it's always a good idea to do your homework about the specific firm you're interviewing with. Good luck, mate!

Sources: London recruitment-can't understand how it works., https://www.wallstreetoasis.com/forum/investment-banking/qa-australian-ib-life-etc?customgpt=1, Best Practices for Finding Lateral Opportunities, Decided last minute to recruit for IB. What's the most efficient way to interview prep?, Ask Accepted: What are my chances?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Quod reiciendis enim voluptas sed soluta. Atque deleniti quas doloremque ullam veritatis. Et ab repellendus earum facere molestiae.

Pariatur veritatis velit quam et ad. Est unde beatae sed voluptas aspernatur libero. Labore et et est harum quo.

Non quis voluptatum accusamus reprehenderit rerum. Sunt dolorem nihil voluptatem dicta unde. Praesentium voluptates eos officia omnis facere.

Quis eos sequi dignissimos et fugiat distinctio assumenda. Qui perferendis dignissimos dolore ipsa. Ut animi voluptas sint necessitatibus. Itaque harum reprehenderit eos saepe aut amet. Aut vel labore reiciendis odio.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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...”