Investment Banking Interview Guides
Master 30+ interview guides with structured lessons, interactive flashcards, practice quizzes, and podcasts across technical concepts, industry verticals, capital markets, and specialist groups.
Browse by Group
Explore technical 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 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, practice quizzes to test your knowledge, and podcasts you can listen to anywhere. 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.
Conversational Podcasts
Listen to 20+ hours of podcasts that walk through key concepts in a conversational, easy-to-follow format. Perfect for learning on the go or reinforcing material between study sessions.
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Moelis & Co.
“IB Vine is a tool we really love to use in the club I’m a part of, and there’s really no other resource like it. You guys do a phenomenal job with the question bank. I recruited specifically for Energy banking, and IB Vine was my most used resource for generalist questions (which were about 50% of my interview questions; the rest being Energy-specific); the majority of such questions I saw in interviews were at least similar (if not the same) to the ones on IB Vine.”
Perella Weinberg
“Once I read through the BIWS learning guides, I really didn’t refer to them again. I didn’t even really run through the 400 question guide once I found IB Vine, which I heard about through one of my classmates. We even get a free subscription (like most business schools) to Wall Street Prep, and if I’m being completely honest, I never even logged in to WSP. IB Vine is pretty much the only tool I used (along with our club question bank & mock interviews with peers) and it was invaluable for recruiting.”
Cantor Fitzgerald
“What a platform, made such a huge difference. I did superdays at Evercore, PJT, M. Klein and Barclays among others from a non-target school and did not miss a single technical in any interview process through prepping with IB Vine.”
Barclays
“Very accurate questions and all of the solutions are easy to follow. At least 10 of the questions I studied through this platform appeared in my Round 1 or Superday interviews.”
TD Securities
“THANK YOU SO MUCH IB VINE, I COULD NOT HAVE DONE THIS WITHOUT YOU, SERIOUSLY!!! IB Vine was the best website ever. I spent at least two hours on this daily (seriously) from October through I get my offer in February.”
Citadel
“I’m doing public equities this summer and next. I know the name is “IB Vine” but at the undergrad level a lot of the technicals across public equities are the same as investment banking. I recommend your software to all my friends!”
Piper Sandler
“I loved this site! 1000% this is the best resource I used in the process.”
Lazard
“This was the greatest tool ever. I genuinely enjoyed running through the technicals/behaviorals and it was very helpful!”
Houlihan Lokey
“IB Vine was the most helpful resource I had during recruiting. I will continue to promote it to other students at WashU and elsewhere.”
Jefferies
“Awesome product, helped me crush my technicals in my interviews and land a great role. Thank you, seriously was a huge help.”
Morgan Stanley
“Very helpful to get real-life questions unlike the 400 guide, especially for merger math. Built deeper understanding of key concepts.”
Houlihan Lokey
“Extremely helpful study tool that carried me through the recruitment process from start to end.”
Evercore
“You guys are doing great work over there with IB Vine. Absolute staple for interview prep.”
Rothschild
“IB Vine was incredibly helpful and I am forever thankful for all the help.”
RBC
“IB Mock was amazing - I used it for multiple hours. Also the flashcards and the lessons features on IB Vine were fantastic. Thank you!”
Moelis & Co.
“I loved IB Vine. I’m going into Private Capital Advisory (PCA); you have the lessons on there for PCA and that was actually a game changer. I went into those interviews and knew about the core PCA concepts like net asset value, primary fundraising vs. secondary advisory, etc. I swear I was on IB Vine like a few hours a day. The opportunity to have that learning section and go through the questions people submit and everything — there’s no better tool out there. I loved the guides/lessons. The user interface is amazing. The way you’ve simplified it is so spectacular — it’s just so much easier to digest. It’s fun to use too; I’d rather use IB Vine than scroll through a guide. To be honest, I think the product is perfect. I genuinely owe you a big thanks.”
Moelis & Co.
“IB Vine is a tool we really love to use in the club I’m a part of, and there’s really no other resource like it. You guys do a phenomenal job with the question bank. I recruited specifically for Energy banking, and IB Vine was my most used resource for generalist questions (which were about 50% of my interview questions; the rest being Energy-specific); the majority of such questions I saw in interviews were at least similar (if not the same) to the ones on IB Vine.”
Perella Weinberg
“Once I read through the BIWS learning guides, I really didn’t refer to them again. I didn’t even really run through the 400 question guide once I found IB Vine, which I heard about through one of my classmates. We even get a free subscription (like most business schools) to Wall Street Prep, and if I’m being completely honest, I never even logged in to WSP. IB Vine is pretty much the only tool I used (along with our club question bank & mock interviews with peers) and it was invaluable for recruiting.”
Cantor Fitzgerald
“What a platform, made such a huge difference. I did superdays at Evercore, PJT, M. Klein and Barclays among others from a non-target school and did not miss a single technical in any interview process through prepping with IB Vine.”
Barclays
“Very accurate questions and all of the solutions are easy to follow. At least 10 of the questions I studied through this platform appeared in my Round 1 or Superday interviews.”
TD Securities
“THANK YOU SO MUCH IB VINE, I COULD NOT HAVE DONE THIS WITHOUT YOU, SERIOUSLY!!! IB Vine was the best website ever. I spent at least two hours on this daily (seriously) from October through I get my offer in February.”
Citadel
“I’m doing public equities this summer and next. I know the name is “IB Vine” but at the undergrad level a lot of the technicals across public equities are the same as investment banking. I recommend your software to all my friends!”
Piper Sandler
“I loved this site! 1000% this is the best resource I used in the process.”
Lazard
“This was the greatest tool ever. I genuinely enjoyed running through the technicals/behaviorals and it was very helpful!”
Houlihan Lokey
“IB Vine was the most helpful resource I had during recruiting. I will continue to promote it to other students at WashU and elsewhere.”
Jefferies
“Awesome product, helped me crush my technicals in my interviews and land a great role. Thank you, seriously was a huge help.”
Morgan Stanley
“Very helpful to get real-life questions unlike the 400 guide, especially for merger math. Built deeper understanding of key concepts.”
Houlihan Lokey
“Extremely helpful study tool that carried me through the recruitment process from start to end.”
Evercore
“You guys are doing great work over there with IB Vine. Absolute staple for interview prep.”
Rothschild
“IB Vine was incredibly helpful and I am forever thankful for all the help.”
RBC
“IB Mock was amazing - I used it for multiple hours. Also the flashcards and the lessons features on IB Vine were fantastic. Thank you!”
Moelis & Co.
“I loved IB Vine. I’m going into Private Capital Advisory (PCA); you have the lessons on there for PCA and that was actually a game changer. I went into those interviews and knew about the core PCA concepts like net asset value, primary fundraising vs. secondary advisory, etc. I swear I was on IB Vine like a few hours a day. The opportunity to have that learning section and go through the questions people submit and everything — there’s no better tool out there. I loved the guides/lessons. The user interface is amazing. The way you’ve simplified it is so spectacular — it’s just so much easier to digest. It’s fun to use too; I’d rather use IB Vine than scroll through a guide. To be honest, I think the product is perfect. I genuinely owe you a big thanks.”
Moelis & Co.
“IB Vine is a tool we really love to use in the club I’m a part of, and there’s really no other resource like it. You guys do a phenomenal job with the question bank. I recruited specifically for Energy banking, and IB Vine was my most used resource for generalist questions (which were about 50% of my interview questions; the rest being Energy-specific); the majority of such questions I saw in interviews were at least similar (if not the same) to the ones on IB Vine.”
Perella Weinberg
“Once I read through the BIWS learning guides, I really didn’t refer to them again. I didn’t even really run through the 400 question guide once I found IB Vine, which I heard about through one of my classmates. We even get a free subscription (like most business schools) to Wall Street Prep, and if I’m being completely honest, I never even logged in to WSP. IB Vine is pretty much the only tool I used (along with our club question bank & mock interviews with peers) and it was invaluable for recruiting.”
Cantor Fitzgerald
“What a platform, made such a huge difference. I did superdays at Evercore, PJT, M. Klein and Barclays among others from a non-target school and did not miss a single technical in any interview process through prepping with IB Vine.”
Barclays
“Very accurate questions and all of the solutions are easy to follow. At least 10 of the questions I studied through this platform appeared in my Round 1 or Superday interviews.”
TD Securities
“THANK YOU SO MUCH IB VINE, I COULD NOT HAVE DONE THIS WITHOUT YOU, SERIOUSLY!!! IB Vine was the best website ever. I spent at least two hours on this daily (seriously) from October through I get my offer in February.”
Citadel
“I’m doing public equities this summer and next. I know the name is “IB Vine” but at the undergrad level a lot of the technicals across public equities are the same as investment banking. I recommend your software to all my friends!”
Piper Sandler
“I loved this site! 1000% this is the best resource I used in the process.”
Lazard
“This was the greatest tool ever. I genuinely enjoyed running through the technicals/behaviorals and it was very helpful!”
Houlihan Lokey
“IB Vine was the most helpful resource I had during recruiting. I will continue to promote it to other students at WashU and elsewhere.”
Jefferies
“Awesome product, helped me crush my technicals in my interviews and land a great role. Thank you, seriously was a huge help.”
Morgan Stanley
“Very helpful to get real-life questions unlike the 400 guide, especially for merger math. Built deeper understanding of key concepts.”
Houlihan Lokey
“Extremely helpful study tool that carried me through the recruitment process from start to end.”
Evercore
“You guys are doing great work over there with IB Vine. Absolute staple for interview prep.”
Rothschild
“IB Vine was incredibly helpful and I am forever thankful for all the help.”
RBC
“IB Mock was amazing - I used it for multiple hours. Also the flashcards and the lessons features on IB Vine were fantastic. Thank you!”
Moelis & Co.
“I loved IB Vine. I’m going into Private Capital Advisory (PCA); you have the lessons on there for PCA and that was actually a game changer. I went into those interviews and knew about the core PCA concepts like net asset value, primary fundraising vs. secondary advisory, etc. I swear I was on IB Vine like a few hours a day. The opportunity to have that learning section and go through the questions people submit and everything — there’s no better tool out there. I loved the guides/lessons. The user interface is amazing. The way you’ve simplified it is so spectacular — it’s just so much easier to digest. It’s fun to use too; I’d rather use IB Vine than scroll through a guide. To be honest, I think the product is perfect. I genuinely owe you a big thanks.”
Moelis & Co.
“IB Vine is a tool we really love to use in the club I’m a part of, and there’s really no other resource like it. You guys do a phenomenal job with the question bank. I recruited specifically for Energy banking, and IB Vine was my most used resource for generalist questions (which were about 50% of my interview questions; the rest being Energy-specific); the majority of such questions I saw in interviews were at least similar (if not the same) to the ones on IB Vine.”
Perella Weinberg
“Once I read through the BIWS learning guides, I really didn’t refer to them again. I didn’t even really run through the 400 question guide once I found IB Vine, which I heard about through one of my classmates. We even get a free subscription (like most business schools) to Wall Street Prep, and if I’m being completely honest, I never even logged in to WSP. IB Vine is pretty much the only tool I used (along with our club question bank & mock interviews with peers) and it was invaluable for recruiting.”
Cantor Fitzgerald
“What a platform, made such a huge difference. I did superdays at Evercore, PJT, M. Klein and Barclays among others from a non-target school and did not miss a single technical in any interview process through prepping with IB Vine.”
Barclays
“Very accurate questions and all of the solutions are easy to follow. At least 10 of the questions I studied through this platform appeared in my Round 1 or Superday interviews.”
TD Securities
“THANK YOU SO MUCH IB VINE, I COULD NOT HAVE DONE THIS WITHOUT YOU, SERIOUSLY!!! IB Vine was the best website ever. I spent at least two hours on this daily (seriously) from October through I get my offer in February.”
Citadel
“I’m doing public equities this summer and next. I know the name is “IB Vine” but at the undergrad level a lot of the technicals across public equities are the same as investment banking. I recommend your software to all my friends!”
Piper Sandler
“I loved this site! 1000% this is the best resource I used in the process.”
Lazard
“This was the greatest tool ever. I genuinely enjoyed running through the technicals/behaviorals and it was very helpful!”
Houlihan Lokey
“IB Vine was the most helpful resource I had during recruiting. I will continue to promote it to other students at WashU and elsewhere.”
Jefferies
“Awesome product, helped me crush my technicals in my interviews and land a great role. Thank you, seriously was a huge help.”
Morgan Stanley
“Very helpful to get real-life questions unlike the 400 guide, especially for merger math. Built deeper understanding of key concepts.”
Houlihan Lokey
“Extremely helpful study tool that carried me through the recruitment process from start to end.”
Evercore
“You guys are doing great work over there with IB Vine. Absolute staple for interview prep.”
Rothschild
“IB Vine was incredibly helpful and I am forever thankful for all the help.”
RBC
“IB Mock was amazing - I used it for multiple hours. Also the flashcards and the lessons features on IB Vine were fantastic. Thank you!”
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