Investment Banking Analyst interview questions & mock practice
What interview questions are asked for an Investment Banking Analyst?
An Investment Banking Analyst interview in 2026 runs across 4 rounds — technical fundamentals, modelling & valuation, deal / market awareness, fit / culture round. Below are the most-asked Investment Banking Analyst interview questions and a focused prep plan. Rehearse every answer out loud with the free timed practice below before the real one.
- Financial Modelling
- Valuation (DCF/Comps/LBO)
- Accounting
- Excel
- Pitch Books
- Market Awareness
- Attention to Detail
Free interview practice · Investment Banking Analyst
Practise your Investment Banking Analyst interview now — free
Step through the 12 most-asked Investment Banking Analyst questions one at a time, under a timer, just like the real thing. Jot your answer, then reveal what a strong answer covers. No signup needed to practise.
The Investment Banking Analyst interview process
Financial modelling, valuation, pitch books and deal execution — the IB analyst interview for bulge-bracket banks, boutiques and KPO/research firms in India.
1. Technical fundamentals
Accounting, valuation and financial-statement linkages.
2. Modelling & valuation
DCF, comparables, LBO and a modelling test or case.
3. Deal / market awareness
M&A, recent deals and how you think about a transaction.
4. Fit / culture round
Why IB, work ethic and handling pressure and long hours.
Most-asked Investment Banking Analyst interview questions
12 of the questions Investment Banking Analyst candidates are asked most often in India. Practise answering each one out loud in the timed practice above.
- 1. Walk me through a DCF valuation step by step.
- 2. How are the three financial statements linked?
- 3. If depreciation increases by 100, walk me through the impact on all three statements.
- 4. What are the main methods of valuing a company?
- 5. What is the difference between enterprise value and equity value?
- 6. Why might a company with positive net income still go bankrupt?
- 7. What is WACC, and how do you calculate it?
- 8. Walk me through the mechanics of an LBO and what makes a good LBO candidate.
- 9. What multiples would you use to value a company, and when would you use EV/EBITDA vs P/E?
- 10. Tell me about a recent M&A deal or IPO and what you found interesting about it.
- 11. Why investment banking, and why our firm?
- 12. How do you handle working under tight deadlines and long hours?
How to prepare for your Investment Banking Analyst interview
Master the three-statement linkages until you can walk through any change (depreciation, write-down, debt raise) instantly.
Be fluent in valuation: DCF, trading comparables, precedent transactions and LBO mechanics, including their pros and cons.
Practise a few mental-math and accounting brain-teasers; speed and accuracy matter in technical rounds.
Follow recent Indian and global deals (M&A, IPOs) so you can discuss a transaction intelligently.
Prepare a crisp, genuine answer to why IB and why this firm, and show you understand the demanding hours.
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Interview prep guides
Investment Banking Analyst interview — FAQs
What questions are asked in an Investment Banking Analyst interview?
Common Investment Banking Analyst interview questions include: Walk me through a DCF valuation step by step. How are the three financial statements linked? If depreciation increases by 100, walk me through the impact on all three statements. What are the main methods of valuing a company? Interviews usually run across 4 rounds — Technical fundamentals, Modelling & valuation, Deal / market awareness, Fit / culture round. Practise them with the free timed practice on this page.
How many rounds are in an Investment Banking Analyst interview?
A typical Investment Banking Analyst interview has 4 rounds: Technical fundamentals (Accounting, valuation and financial-statement linkages.); Modelling & valuation (DCF, comparables, LBO and a modelling test or case.); Deal / market awareness (M&A, recent deals and how you think about a transaction.); Fit / culture round (Why IB, work ethic and handling pressure and long hours.).
How do I prepare for an Investment Banking Analyst interview?
To prepare for an Investment Banking Analyst interview: Master the three-statement linkages until you can walk through any change (depreciation, write-down, debt raise) instantly. Be fluent in valuation: DCF, trading comparables, precedent transactions and LBO mechanics, including their pros and cons. Practise a few mental-math and accounting brain-teasers; speed and accuracy matter in technical rounds. Then rehearse every question out loud with the timed practice on this page before the real thing.
What skills do I need for an Investment Banking Analyst role?
Core Investment Banking Analyst skills tested in interviews include Financial Modelling, Valuation (DCF/Comps/LBO), Accounting, Excel, Pitch Books, Market Awareness, Attention to Detail. OnJob shows you exactly which of these skills stand between you and a 100% match on every live Investment Banking Analyst job.
Is the Investment Banking Analyst mock interview practice free?
Yes. The questions, the answer guidance and the timed practice on this page are free and need no signup. With a free OnJob account you can also take timed role tests and free certification tests. Personalised AI role and skill tests are part of the paid plans.
Ace your Investment Banking Analyst interview
Rehearse every Investment Banking Analyst question out loud on this page, then sign in to take a timed role test or a free certification in the OnJob practice hub.