Investment Banking Analyst Interview Guide 2026

Carlsquare

BMO Financial Group

Discounted Cash Flow Walkthrough

04 · Questions

Most common Investment Banking Analyst questions

Linking the Three Financial Statements

Hard

29 guides

Behavioral & Leadership

Medium

07 · Recent experiences

What candidates reported recently

All experiences →

Baird

Aug 4, 2026 · Average

I started with a pretty low-key conversation where an associate asked about my background and why I wanted to move, mostly centered on fit rather than deep technicals. The vibe felt straightforward and easy to talk through, and I remember walking away feeling like I could speak comfortably about what I’d done before.

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Bank of America

Jul 30, 2026 · Difficult

My process felt rigorous from the start and required real preparation. I went in practicing both behavioral and technical questions and spent time learning more about the company itself, not just generic finance talking points. It also helped that I did networking with members of the firm, since the overall pathway fel

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9%

Three Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement)

7%

Working Capital Concepts

6%

Free Cash Flow (FCF) Calculation

5%

02 · Typical process

Recurring stages, by frequency

1
Recruiter or HR screen
Background, motivation, target level and timeline.
77%
2
Assessment or take-home
Online test, case study or take-home exercise.
52%
3
Technical interviews
Deep dives on the core skills the role tests.
33%
4
Panel or team interviews
Several interviewers at once, often cross-functional.
7%
5
Behavioral and culture fit
Past situations, collaboration and values.
19%
6
Final or onsite round
A multi-interview loop, sometimes with leadership.
72%

Raymond James

Investment Banking Analyst guide

Suntrust Investment Services

Commerzbank

Crédit Agricole

Regions Financial

Fti Consulting

Wedbush Securities

Design Systems Canada

Acuity Analytics

Standard Chartered Bank

ING Hubs Spain

ING

Smbc Group

Smbc Global Foundation

Regions Bank

Opulence Business Solutions Pvt.

PNC Financial Services Group

Clipperton Finance

Merrill

Fifth Third

Alvarez & Marsal

Enterprise Value vs Equity Value

25 guides

Behavioral & Leadership

Medium

23 guides

Depreciation Impact on Statements

Motivation for Investment Banking

Medium

20 guides

Behavioral & Leadership

Easy

20 guides

Walk Me Through a DCF

Trace How the Three Statements Connect

Hard

19 guides

Easy

14 guides

05 · By category

Questions by category

Finance & Accounting609
Behavioral & Leadership448
Strategy140
Metrics34

No offer

Wells Fargo

Jul 27, 2026 · Average

After I applied, the process started with a virtual question screening that felt more like a proctored exam than a conversation. I was asked why I wanted the role and then went through a lot of behavioral prompts. It was awkward more than hard, and I remember wishing it were a more human interaction. That moved into H

JPMorganChase

Jul 23, 2026 · Difficult

My process felt intense from the start. It began with an online recorded interview, but the bigger challenge came right after with timed assessments and question formats that didn’t leave much room to think. I ran into a test that asked difficult math and finance questions without being able to use a calculator, and I

JP Morgan Chase

Jul 23, 2026 · Difficult

My process started with a recorded HireVue that felt much more stressful than the later conversations. It ran close to half an hour and focused on just two prompts, with the format giving me two opportunities to re-record if I didn’t like my first take. I remember thinking that the timing pressure and the self-recordin