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Goldman Sachs Investment Banking Associate Interview Questions

The questions to prepare for a Goldman Sachs Investment Banking Associate interview. Questions from real interview reports rank first. Updated daily.

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1
Finance & AccountingStart here. 14 questions · ~112 min
Walkthrough: Revenue Build / NPV ModelHard

Build a probability-adjusted biotech revenue forecast and calculate whether the resulting NPV supports investment.

ValuationWACCFinancial ModelingGoldman Sachs
Explain a Deal Like a Middle SchoolerHard

Explain a prepared transaction clearly, separating deal facts, valuation logic, financing, benefits, and risks without inventing numbers.

ValuationFinancial ModelingGoldman Sachs
Basics of SecuritizationHard

Explain how assets are pooled, transferred to an SPV, tranched, rated, and sold to investors, including key risks.

banking industryFixed IncomeRisk ManagementGoldman Sachs
Equity Proportion in AcquisitionHard

Bridge B's enterprise value to equity value, then identify the missing A data required to calculate pro forma ownership.

ValuationAccretion/DilutionMergers & AcquisitionsGoldman Sachs
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2
Behavioral & Leadership12 questions · ~96 min
Why Goldman Sachs and IBEasy

Tests whether motivation for IB, Goldman Sachs, and the target group is specific, credible, and grounded in relevant experience.

achievementbankingbehavioralGoldman Sachs
Managing Analysts with Different TraitsHard

Tests adaptive leadership, coaching judgment, and accountability when managing employees with different motivation and skill levels.

adaptabilityaccountabilitybehavioralGoldman Sachs
Tell Me Your Story and MotivationEasy

Tests career narrative, motivation, group fit, preparation, and ownership of professional decisions.

achievementaccountabilitybehavioralGoldman Sachs
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3
More topics1 question · ~8 min
Recent Deal Walkthrough and PitchMedium

Evaluates deal knowledge, storytelling, and stakeholder framing.

market awarenessGoldman Sachs

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