Investment Banking Interview Tips: 4 Successful Summer 2026 Candidates Share Their Strategies

Learn proven investment banking interview strategies from candidates who secured offers at Goldman Sachs, J.P. Morgan, Evercore, and top middle market firms. Get insider tips on technical prep, behavioral questions, networking tactics, and what really helps you stand out in IB recruiting.
October 2025

Executive Summary: What You'll Learn

We interviewed four candidates who successfully navigated the Summer 2026 investment banking recruiting cycle and secured offers at top-tier firms including bulge brackets, elite boutiques, and middle market banks.
These candidates interviewed at firms like Goldman Sachs, J.P. Morgan, Evercore, and leading middle market banks across New York and the West Coast. Their insights cover everything from unexpected interview questions to networking strategies that actually work, technical preparation methods, and the key differences between bulge bracket and elite boutique interviews.
Key themes across all interviews:
  • Mock interviews were the single most valuable prep tool; candidates who did consistent mocks across multiple months performed significantly better
  • Building genuine relationships with bankers matters more than collecting referrals; people need to advocate for you after superday
  • Market knowledge and current events help you stand out; discussing recent deals and trends differentiates top candidates
  • Taking calculated risks in behaviorals (showing personality, making personal connections) differentiates you from the pack
  • Elite boutiques are significantly more technical than bulge brackets; Evercore and similar firms drill deep into LBOs, M&A math, and advanced accounting
  • Start early: successful candidates began technical prep in freshman year and networking in summer before sophomore year

Select a Candidate

Candidate 1: From Freshman Grind to Bulge Bracket — Standing Out with Market Insight

A candidate who interviewed at elite boutiques, megafunds, and bulge brackets, ultimately accepting an offer with a top bulge bracket firm in NYC.

Male
03:31

Candidate 2: How Mentorship and Authentic Networking Led to a Bulge Bracket Offer

A candidate who focused on bulge bracket recruiting, ultimately accepting an offer with a top bulge bracket firm in NYC.

Female
02:17

Candidate 3: Taking Risks in Behaviorals — Landing a West Coast Middle Market Offer

A candidate who interviewed across elite boutiques and middle market firms in generalist, technology, and restructuring coverage, ultimately accepting an offer with a middle market firm on the West Coast.

Male
03:49

Candidate 4: Fit Over Formula — Landing a Bulge Bracket Offer by Leading with Personality

A candidate who received interviews from elite boutiques, bulge brackets, and middle market firms, ultimately accepting an offer with a top bulge bracket firm in NYC.

Female
05:13
Listen to Candidate 1: From Freshman Grind to Bulge Bracket — Standing Out with Market Insight
0:00 / 0:00
Note: this interview recording was recreated using voices from ElevenLabs to preserve anonymity.

Key Takeaways

Candidate 1
  • Market-based questions (ECM, IPO pricing, SOFR trends) were more common than standard technical questions
  • Elite boutiques go deeper on LBOs, M&A math, and advanced accounting
  • Mock interviews for 6 months straight made a huge difference in preparation
  • Market knowledge, deals, and current events are opportunities to stand out
  • Strong resume with multiple internships + heavy networking = referrals that set you apart

Interview Transcript

Candidate 1
Question:
What surprised you the most about your interviews?
Answer:
Going into interviews, I didn't get many standard technical questions. A lot of them were ECM and market-based—things like pricing, IPO-related questions, and the treasury stock method. Overall, they felt more random and market-driven than I expected.
Question:
If you interviewed for multiple banks, would you say the questions were pretty standard across all, or were there noticeable differences?
Answer:
Most banks asked similar things: leadership questions, "Tell me about yourself," "Why this bank," and the three valuation methods. The elite boutiques pushed a bit deeper into LBOs, M&A math, and advanced accounting. I even got market-based curveballs like, "Would SOFR have been lower or higher over the past 10 years? And in the next 10 years, do you expect it to be higher or lower?"
Question:
What were some of the non-standard ways you prepped that were helpful?
Answer:
I wrote out all my behavioral answers, studied guides, and practiced covering my responses. I also did weekly mock interviews for six months straight. Talking things through and being asked questions out loud made a big difference.
Question:
What do you think helped you stand out from other candidates?
Answer:
My resume was strong—I had three internships under my belt in consulting, a search fund, and investment banking. On top of that, I networked heavily and had a ton of referrals. That combination really set me apart.
Question:
What do you wish you had during recruiting that would've been a big help?
Answer:
I wish I'd had a tracker and a resume reviewer. Also, more access to unpredictable, conceptual questions—not just the standard guide material. That would've helped me be sharper in live interviews.
Question:
How early did you start prepping and networking?
Answer:
At first I was considering high finance roles, strategy, or consulting. But I locked in on banking during the spring of freshman year. By May of that year, I started grinding both technicals and behaviorals consistently.
Question:
What non-obvious advice would you give to people prepping?
Answer:
Questions about markets, trends, deals, and current events are a huge opportunity to pull ahead of other candidates. You can really showcase your knowledge there. I'd use Spotify to listen to podcasts from big-bank research teams and drill into deals—explain whether you'd do the deal and why. That kind of rationale helps you stand out.
Question:
What would you not do if you had to go through the process again?
Answer:
I'd tell myself to be confident—confident that I'd succeed and not to stress too much. You'll get the offer if you put in the work. Everything works out if you keep testing yourself, putting yourself on the spot, and not going easy on yourself.
Question:
If you were a freshman or sophomore starting from scratch, how would you prioritize your time?
Answer:
As a freshman, the first thing I'd do is talk to seniors and build relationships with them early. If I were a sophomore, I'd get really organized with outreach, apply broadly across Wall Street, and master my technicals without cramming. I'd also go beyond just IB and build general business and investing knowledge. Be genuinely interested in what's happening in the markets—that will carry you far.

Ready to Ace Your Investment Banking Interviews?

All four candidates emphasized that mock interviews were the most valuable part of their prep. Get on-demand access to AI-powered, voice-to-voice mock interviews trained on 1,100+ IB interview questions from IB Vine.

Other recent updates