Most Difficult Investment Banking Interviews

Anyone wanna share insight on the most difficult investment banks to interview with?From both my experience recruiting and hearing from friends as well - PJT, Centerview, PWP, and Evercore we're all pretty difficult. They were tough because of the dense technicals/finance knowledge, as well as requiring a pretty deep understanding of m&a deals. Some of them even just grill you on mental math and obscure calculations. Everyone I interviewed with at these firms were just extremely bright and pretty fuckin hardo. Curious to hear others experiences.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (21)

  • Intern in IB - Gen
Sep 8, 2021 - 9:09pm

For my SA process, hardest were PJT/HL/EVR for their RX group

They basically just take kids who actually like finance and know very advanced topics

  • Intern in IB-M&A
Sep 8, 2021 - 9:20pm

One of those firms you mentioned asked me to multiply two two-digit numbers in my head and the square root of a 4 digit number.

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Most Helpful
  • Intern in IB - Cov
Sep 8, 2021 - 9:25pm

I believe PWP also does questions similar to this 

Funniest
Sep 10, 2021 - 10:18am

got absolutely pounded by MoCo. Halfway thru i had to ask if they could pls use lube

Array

  • 7
Sep 11, 2021 - 12:07pm

"Just use spit. Works in the movies" - K. Moelis

Hear me now, children, for my occupation is of much import. For 82 years I have been an oil man, a ‘baron’ some have called me. Now what does an oil baron do? The answer - crush your enemies! Grind their bones into dirt! Make them regret that they were ever born! Oil is not for the weak - it is the Earth’s milk, and only the strong may suckle at Mother’s teat!

  • Intern in IB - Gen
Sep 10, 2021 - 3:50pm

BB interviews were easy, MoCo LA and Evercore grilled me but nothing out of the ordinary for M&A (ended up with an offer from one of them) but Evercore's RX interview was insanely complex. Botched half of the questions just due to them being so strange and obscure.

Sep 10, 2021 - 7:05pm

Knew a kid with a first round at Q who got grilled for 45 minutes straight on accretion/dilution and FDSO / TSM over the phone by a VP who was getting his daily coffee on his walk over to work. Never seen someone get their ass pounded so casually. I don't think he was even asked behaviorals and don't believe he got the offer haha

  • Prospect in IB - Gen
Sep 11, 2021 - 2:28am

Had CVP SA second round interview and since i already was asked the normal valuation/accounting questions just got asked a bunch of random questions about what terminal value methods to use for different industries and about business models. Not necessarily technically difficult but not something you prepare for much so threw me off. 

  • Prospect in IB - Gen
Sep 11, 2021 - 8:56am

I had superdays at both EVR and PJT M&A and I can honestly say that EVR was much harder technically 

  • Analyst 2 in IB - Restr
Sep 11, 2021 - 11:52am

Aut sint illo dicta cupiditate accusantium similique et. Magni impedit ea itaque perspiciatis voluptate enim ipsum. Earum minus enim eveniet eveniet perspiciatis consectetur recusandae. Rerum quisquam unde modi. Nulla molestiae illo officiis dolorum non odio aut.

Nisi ut rerum recusandae sed sit omnis nam. Consequatur iusto delectus consequatur doloribus quia et voluptatem accusamus. Ad quidem et nulla dolor.

Dolore id facere qui accusamus beatae aperiam aut. Sapiente maxime nam voluptatem veritatis odit sunt harum. Officia quia aut facere id ut.

Rerum suscipit magnam nulla. Dolores consequatur dolorem labore illum quia sint rem dignissimos. Voluptatem perferendis libero hic est aliquid commodi. Laboriosam incidunt cumque quis est autem provident ab exercitationem.

Sep 18, 2021 - 5:09pm

Dicta distinctio fugit ipsa omnis similique eveniet unde. Tempore dolores neque sapiente quam. Deleniti quia voluptates molestias repellat.

Culpa fuga quaerat voluptates dolor in sit molestiae architecto. Officia enim quo incidunt ab.

Dignissimos dignissimos nihil harum nihil sed. Et harum excepturi possimus nihil impedit aperiam laboriosam. Ex illo tempore omnis officiis. Quos tenetur optio soluta omnis eaque fugit. Fugit placeat maxime dolore qui repellat at.

Qui laborum voluptatum aut rerum repellat et eaque perferendis. Quis voluptatem dolore maxime et. Perferendis et quo sit quas exercitationem aspernatur sint architecto.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (228) $232
  • 2nd Year Analyst (137) $154
  • 3rd+ Year Analyst (31) $147
  • Intern/Summer Associate (104) $143
  • 1st Year Analyst (501) $135
  • Intern/Summer Analyst (387) $83