Merrill Investment Banking Analyst Interview Questions

The questions to prepare for a Merrill Investment Banking Analyst interview. Questions from real interview reports rank first. Updated daily.

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Finance & AccountingStart here. 3 questions · ~24 min

Build an unlevered DCF, calculate implied equity value per share, and test sensitivity to WACC and terminal growth.

Depreciation Impact on StatementsMedium

Trace a $10 depreciation increase through net income, cash flow, PP&E, retained earnings, and the balance sheet.

Accounting FundamentalsFinancial Statementsdepreciation

Merrill

Trace How the Three Statements ConnectEasy

Explain how net income flows into cash and the balance sheet using a simple three-statement bridge.

Accounting FundamentalsFinancial Modeling

Merrill

Behavioral & Leadership3 questions · ~24 min

Tests whether the candidate has specific, informed, and credible motivation for investment banking.

Greatest Strength and WeaknessEasy

Tests self-awareness, ownership, and the ability to turn a weakness into measurable professional growth.

strengthsweaknessesadaptability

Merrill

Walking Through Your ResumeEasy

Tests structured self-introduction, career narrative, motivation, and ability to connect past experience to the role.

backgroundresume walkthroughself introduction

Merrill

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