IB Interview Prep - QUESTIONS (MADE BY EX-JPM BANKER)

Based on the most helpful WSO content, here are some key insights and tips for preparing for Investment Banking (IB) interviews:

1. Common Behavioral Questions:

   • "Why investment banking?"
   • "Why this firm?"
   • "Tell me about a time when you solved a complex problem."
   • "Talk about a time when you incorporated diverse perspectives to solve an issue."
   • "Give me a sales pitch on something you're interested in."

2. Technical Questions:

   • Be prepared for accounting, valuation, and financial modeling questions.
   • Understand M&A and LBO rationale.
   • Familiarize yourself with the three main valuation methods: Comparable Companies Analysis, Precedent Transactions, and Discounted Cash Flow (DCF).

3. Stock Pitch Questions:

   • While more common in sales & trading or private equity interviews, stock pitch questions can appear in IB interviews, especially if your resume highlights market transactions. Prepare a concise pitch that includes:
     • Key drivers of the business (revenue and cost).
     • Competitive advantages.
     • Potential opportunities and risks.

4. Questions to Ask the Interviewer:

   • "Tell me about a recent deal you’ve worked on that you liked."
   • "What are the next steps from here?"
   • "How have you liked your experience here so far? Anything surprise you, good or bad?"
   • Avoid asking about hours, compensation, or post-banking plans.

5. Preparation Tips:

   • Use the STAR or SOAR framework to structure your answers for behavioral questions.
   • Research the firm’s recent deals and trends.
   • Practice answering questions concisely and confidently, especially for video interviews.

For more detailed preparation, consider exploring the WSO Investment Banking Interview Course, which includes over 200 technical questions and 127+ behavioral questions with answers.

Sources: Investment Banking Interview Questions - 15 Answers to Land the Job, Investment Banking Interview Questions - 15 Answers to Land the Job, 21 Finance Interview Questions and Answers, An ex-Goldman Sachs insider’s 10 tips on how to sail through investment banking interviews, JP Morgan HireVue Actual Interview Questions for Online Interview