Investment Banking Interview Blog

Chapter 11 vs Chapter 7 bankruptcy: reorganization versus liquidation, who runs the company, who gets paid first, and when Chapter 11 becomes Chapter 7.

How to value AI companies like OpenAI and Anthropic: revenue multiples, the VC method, and the traps that make these the hardest valuations in finance.

How to answer "Why should we hire you" in an investment banking interview: the framework, strong and weak examples, and the traps to avoid.

Locked box vs completion accounts: the two M&A price mechanisms compared, how each fixes the price, leakage rules, and when each is used.

The private equity J-curve explains why fund returns dip negative early then recover: the causes, the IRR vs MOIC effect, and how GPs flatten it.

LIFO vs FIFO inventory accounting: how each method moves COGS, net income, and taxes in inflation, the LIFO reserve, and why IFRS bans LIFO.

Anthropic files for an IPO days after OpenAI, a blowout jobs report sparks a $1T chip-stock selloff, Berkshire bets $6.8B on housing, and OPEC+ hikes output.

How PE firms use roll-up and buy-and-build strategy: platform deals, add-on acquisitions, and multiple arbitrage, with real recent examples.

Our new Real Estate Investment Banking guide: 205 articles across 17 sections covering REITs, property types, CRE debt, private capital, and M&A.

NAV loans let PE funds borrow against their whole portfolio to fund distributions and deals. How they work, why they are controversial, and the risks.

Operating vs finance leases under ASC 842: how each hits the balance sheet, income statement, EBITDA, and enterprise value, plus IFRS 16 differences.