Investment Banking Interview Guides
Master 40+ interview guides with structured lessons, interactive flashcards, and practice quizzes across technical concepts, industry verticals, capital markets, and specialist groups.
Browse by Group
Explore interview guides organized by discipline and specialization.
Core Concepts
Accounting, Valuation, DCF, M&A, LBO, and more
Browse GuidesIndustry Verticals
Healthcare, Technology, Energy, FIG, and 10+ sectors
Browse GuidesCapital Markets
DCM, ECM, Leveraged Finance, and Structured Finance
Browse GuidesSpecialist Advisory Groups
Restructuring, Private Capital Advisory, and more
Browse GuidesCore Concepts
The fundamental concepts every investment banking professional needs to know.
Finance Fundamentals
Build a strong foundation in finance by exploring essential concepts such as the time value of money, discount rates, IRR, WACC, and intrinsic valuation.
View GuideAccounting
Review the fundamentals of financial statements, accounting principles, and key metrics used in financial analysis.
View GuideEnterprise & Equity Value
Understand the differences between enterprise and equity value, their components, and practical applications in valuation.
View GuideValuation
Review various valuation methodologies including comparable companies, precedent transactions, and industry-specific approaches.
View GuideDiscounted Cash Flow (DCF)
Master DCF analysis concepts including forecasting, WACC calculation, terminal value estimation, and sensitivity analysis.
View GuideMergers & Acquisitions (M&A)
Learn M&A processes, merger models, deal structures, and key considerations in transaction analysis.
View GuideLeveraged Buyouts (LBO)
Understand LBO concepts including deal structures, financing, returns analysis, and private equity considerations.
View GuideMarket Knowledge
Master essential market knowledge including current events, major players, economic indicators, and industry trends that interviewers expect you to know.
View GuideBrain Teasers
Master the mental math, logic puzzles, and finance-related brain teasers commonly asked in investment banking interviews.
View GuideEssential Formulas
Comprehensive reference of all practical formulas you need to know for investment banking interviews, organized by topic with real-world applications.
View GuideIndustry Verticals
Deep dives into coverage groups and sector-specific knowledge for investment banking.
Understanding Coverage Groups
Understand what coverage groups are, how banks organize them, and how they interact with product groups and clients.
View GuideConsumer/Retail (CRG)
Explore the consumer and retail sector including key metrics, valuation considerations, and industry dynamics.
View GuideEnergy, Power & Renewables
Understand the energy sector spanning traditional oil & gas, utilities, and renewable energy transitions.
View GuideFinancial Institutions (FIG)
Master the unique valuation and regulatory considerations for banks, insurance companies, and asset managers.
View GuideFinancial Sponsors Group (FSG)
Learn about working with private equity, family offices, sovereign wealth funds, and strategic buyers.
View GuideHealthcare (HC)
Explore the healthcare sector including pharma, biotech, medical devices, and healthcare services.
View GuideIndustrials
Understand the industrials sector covering manufacturing, aerospace & defense, and industrial services.
View GuideMedia and Telecommunications (M&T)
Learn about media, entertainment, telecom, and the evolving digital landscape.
View GuideNatural Resources (NR)
Explore mining, metals, and materials sectors including commodity dynamics and valuation approaches.
View GuidePublic Sector and Infrastructure (PSI)
Understand infrastructure investments, public-private partnerships, and government-related transactions.
View GuideReal Estate, Gaming, & Lodging (REGL)
Learn about REITs, hospitality, gaming, and leisure sector dynamics and valuation.
View GuideTechnology - Hardware & Semiconductors
Master hardware and semiconductor sector analysis including chip design, manufacturing, equipment, and electronics.
View GuideTechnology - Internet & Software
Master internet and software sector analysis including SaaS, consumer internet, e-commerce, fintech, and digital platforms.
View GuideCapital Markets
Understanding capital markets products and their role in investment banking transactions.
Understanding the Capital Markets
Understand what capital markets are, their role in investment banking, and how they interact with other parts of the bank.
View GuideCorporate Derivatives
Understand how corporations use derivatives for hedging and risk management purposes.
View GuideDebt Capital Markets (DCM)
Master investment grade and high yield bond issuances, credit analysis, and debt structuring.
View GuideEquity Capital Markets (ECM)
Learn about IPOs, follow-on offerings, convertibles, and equity-linked products.
View GuideLeveraged Finance (LevFin)
Understand leveraged loans, high yield bonds, and financing for LBOs and M&A transactions.
View GuideStructured Finance
Learn about securitization, asset-backed securities, and structured credit products.
View GuideSpecialist Advisory Groups
Specialized advisory practices within investment banking.
Strategic Defense & Shareholder Advisory
Learn about hostile takeover defense, activist defense, and shareholder engagement strategies.
View GuideRestructuring & Distressed Situations
Understand distressed M&A, bankruptcy processes, and liability management.
View GuidePrivate Capital Advisory & Fundraising
Understand GP advisory, fund formation, and private capital raising strategies.
View GuideBehavioral Questions
Master the behavioral and fit questions that are essential for landing your offer.
General Behaviorals
Prepare for core fit questions including teamwork, leadership, strengths and weaknesses, failures, resume walkthrough, and decision-making scenarios.
View GuideInvestment Banking Behaviorals
Master IB-specific behavioral questions including why investment banking, why our firm, understanding the role, and demonstrating genuine career interest.
View GuideRecruiting & Networking
Understand the investment banking recruiting process and master networking strategies to land your dream role.
Networking for Investment Banking Roles
Learn the fundamentals of networking for investment banking, including outreach strategies, informational interviews, and building relationships.
View GuideUnderstanding the IB Recruiting Process
Understand how investment banking recruiting works, key timelines, and what to expect at each stage.
View GuideOn the Job Training
Practical skills and knowledge for success as an investment banking analyst or associate.
Overview of Exit Opportunities
Comprehensive overview of exit opportunities from investment banking, covering sell-side, buy-side, operating roles, and investing careers for analysts and associates.
View GuideExit Deep Dive: PE On-Cycle Recruiting (Analysts)
In-depth guide to on-cycle private equity recruiting for investment banking analysts, covering the process, preparation, and strategies for success.
View GuideFinancial Modeling Essentials
Learn best practices for building robust financial models, including structure, formatting, and common pitfalls to avoid.
View GuideProfessionalism
Develop the soft skills and professional habits that set top performers apart in investment banking.
View GuideInvestment Banking Interview Guides & Lessons
Structured Interview Preparation
Our interview guides go beyond simple Q&A. Each guide includes structured lessons that build your understanding from the ground up, interactive flashcards for active recall, and practice quizzes to test your knowledge. Whether you are preparing for a generalist role or a specialist group, our guides cover the concepts interviewers expect you to know.
Structured Lessons
Each guide includes basic and advanced lessons that break down complex topics into digestible sections. Learn the concepts interviewers test, from fundamental accounting principles to advanced LBO modeling and sector-specific valuation nuances.
Interactive Flashcards
Reinforce your learning with flashcards designed for active recall. Each guide includes basic and advanced flashcards that mirror the types of questions you will face in real investment banking interviews.
Practice Quizzes
Test your understanding with multiple-choice quizzes that cover key concepts from each guide. Get instant feedback with explanations for every answer to identify and fill knowledge gaps before your interviews.
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Analyst
I personally found that the 'IB Vine Select' collection had some of the exact questions I was asked in my Qatalyst interviews.
Analyst
Thanks for starting up IB Vine. Couldn't have landed my offer without your help!
User Story
I honestly think you're doing gods work since IB Vine democratizes the whole interview process and helps a lot of students ace their interviews.
Analyst
I found this website really helpful, which also helps me better prepare for the technical interview in IBD position and get an offer.
Seen on WallStreetOasis
Check out IB Vine, specifically the 'IB Vine Select' questions. Once you can get a handle of those, it seems like you are in a spot where you're applying the concepts rather than simply memorizing them
Analyst
I've used IB Vine for my recruitment, and I could not imagine the journey without it. Thank you for creating a phenomenal resource.
Seen on WallStreetOasis
Beyond the 400 questions guide, try to understand a deeper level and the underlying concepts of the questions being asked. Use ibvine, it really helps.
Seen on WallStreetOasis
IB Vine has excellent questions, especially multistep ones. In my experience I've gotten grilled on accretion/dilution, bond math, and merger model questions. IB Vine has great practice for all of those.
User Story
As a nontraditional transfer student who has been rendered unavailable to many resources at my university (Leadership positions at clubs, immediately behind the recruiting cycle, etc.) IB Vine has been an absolute game changer in my IB prep.
Seen on WallStreetOasis
From my experience interviewing FT for IB, it’s not enough to just know the 400 questions anymore (it’s a good starting point) but to look at even more advanced questions. Would recommend IB Vine.
Seen on Twitter
heard all the new kids use IB Vine now. the questions on IB Vine helped me get the concepts down when I had to recruit and make a lot of BB/MM interviews easier than I expected for techs
User Story
Just got off the phone with a kid who interned at a Dallas PE firm. He mentioned that IBvine.io helped him secure that internship as well as his Summer Analyst offer, especially since he came from a non-target with no resources.
Analyst
The IB Vine technical prep is beyond helpful, it's so much more fun quizzing myself every now and then vs. reading through the guides again.
Analyst
I personally found that the 'IB Vine Select' collection had some of the exact questions I was asked in my Qatalyst interviews.
Analyst
Thanks for starting up IB Vine. Couldn't have landed my offer without your help!
User Story
I honestly think you're doing gods work since IB Vine democratizes the whole interview process and helps a lot of students ace their interviews.
Analyst
I found this website really helpful, which also helps me better prepare for the technical interview in IBD position and get an offer.
Seen on WallStreetOasis
Check out IB Vine, specifically the 'IB Vine Select' questions. Once you can get a handle of those, it seems like you are in a spot where you're applying the concepts rather than simply memorizing them
Analyst
I've used IB Vine for my recruitment, and I could not imagine the journey without it. Thank you for creating a phenomenal resource.
Seen on WallStreetOasis
Beyond the 400 questions guide, try to understand a deeper level and the underlying concepts of the questions being asked. Use ibvine, it really helps.
Seen on WallStreetOasis
IB Vine has excellent questions, especially multistep ones. In my experience I've gotten grilled on accretion/dilution, bond math, and merger model questions. IB Vine has great practice for all of those.
User Story
As a nontraditional transfer student who has been rendered unavailable to many resources at my university (Leadership positions at clubs, immediately behind the recruiting cycle, etc.) IB Vine has been an absolute game changer in my IB prep.
Seen on WallStreetOasis
From my experience interviewing FT for IB, it’s not enough to just know the 400 questions anymore (it’s a good starting point) but to look at even more advanced questions. Would recommend IB Vine.
Seen on Twitter
heard all the new kids use IB Vine now. the questions on IB Vine helped me get the concepts down when I had to recruit and make a lot of BB/MM interviews easier than I expected for techs
User Story
Just got off the phone with a kid who interned at a Dallas PE firm. He mentioned that IBvine.io helped him secure that internship as well as his Summer Analyst offer, especially since he came from a non-target with no resources.
Analyst
The IB Vine technical prep is beyond helpful, it's so much more fun quizzing myself every now and then vs. reading through the guides again.
Analyst
I personally found that the 'IB Vine Select' collection had some of the exact questions I was asked in my Qatalyst interviews.
Analyst
Thanks for starting up IB Vine. Couldn't have landed my offer without your help!
User Story
I honestly think you're doing gods work since IB Vine democratizes the whole interview process and helps a lot of students ace their interviews.
Analyst
I found this website really helpful, which also helps me better prepare for the technical interview in IBD position and get an offer.
Seen on WallStreetOasis
Check out IB Vine, specifically the 'IB Vine Select' questions. Once you can get a handle of those, it seems like you are in a spot where you're applying the concepts rather than simply memorizing them
Analyst
I've used IB Vine for my recruitment, and I could not imagine the journey without it. Thank you for creating a phenomenal resource.
Seen on WallStreetOasis
Beyond the 400 questions guide, try to understand a deeper level and the underlying concepts of the questions being asked. Use ibvine, it really helps.
Seen on WallStreetOasis
IB Vine has excellent questions, especially multistep ones. In my experience I've gotten grilled on accretion/dilution, bond math, and merger model questions. IB Vine has great practice for all of those.
User Story
As a nontraditional transfer student who has been rendered unavailable to many resources at my university (Leadership positions at clubs, immediately behind the recruiting cycle, etc.) IB Vine has been an absolute game changer in my IB prep.
Seen on WallStreetOasis
From my experience interviewing FT for IB, it’s not enough to just know the 400 questions anymore (it’s a good starting point) but to look at even more advanced questions. Would recommend IB Vine.
Seen on Twitter
heard all the new kids use IB Vine now. the questions on IB Vine helped me get the concepts down when I had to recruit and make a lot of BB/MM interviews easier than I expected for techs
User Story
Just got off the phone with a kid who interned at a Dallas PE firm. He mentioned that IBvine.io helped him secure that internship as well as his Summer Analyst offer, especially since he came from a non-target with no resources.
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