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Top 50 Investment Banking Associate Interview Questions

The 50 most important questions to prepare for Investment Banking Associate interviews. Questions from real interview reports rank first. Updated daily.

50questions
~7htotal time
3,210companies covered
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1
Finance & AccountingStart here. 22 questions · ~176 min
Depreciation Impact on StatementsMedium
Recently asked

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

Accounting FundamentalsFinancial StatementsdepreciationKKKRAArena InvestorsComply
How Do You Do an LBO, What Impacts an LBO, and What Makes a Good LBO Candidate?Hard

Build a paper LBO, calculate MOIC and IRR, identify return drivers, and define the characteristics of an attractive LBO candidate.

ValuationLBOFinancial ModelingDDigital Bridge InternationalKPMGAlter Domus
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2
Strategy9 questions · ~72 min
Current State of MarketsMedium
Recently asked

Assesses market awareness and macro framing.

Market TrendsJPMorganChase
Deal Following and Valuation InsightMedium
Recently asked

Evaluates deal-specific analysis and valuation judgment.

Valuationmarket awarenessJPMorganChase
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3
Metrics3 questions · ~24 min
Quick Stock Research and MultiplesEasy

Evaluates rapide due diligence, use of market data, and valuation metric familiarity.

Guggenheim Investments
Working Capital and Free Cash FlowMedium

Evaluates working capital dynamics and FCF impact in valuation.

DCFworking capitalMUFG
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4
Behavioral & Leadership16 questions · ~128 min
Motivation for Investment BankingEasy
Recently asked

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

career goalsbehavioral questionsinvestment bankingHsbcSantander Holdings USARaymond James Financial
Prioritizing Multiple Client DeliverablesEasy
Recently asked

Tests prioritization under pressure, organization, and proactive stakeholder communication across multiple concurrent client projects.

time managementorganizationProject ManagementKobie MarketingConnors & AssociatesCClarvida
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The finish line: interview-readyComplete all 50 questions to finish this plan.