Investment Banking Interview Blog

How to use sensitivity and scenario analysis in financial models. Learn data tables, tornado charts, base/bull/bear cases, and what to sensitize in DCF, LBO, and merger models.

How activist investing works and why it matters in investment banking. Learn about activist campaigns, defense tactics, proxy fights, and how banks advise on both sides.

How to write an investment banking cover letter that stands out. Learn what recruiters actually read, how to structure each paragraph, and mistakes that get you screened out.

Learn how to build an integrated 3-statement financial model from scratch. Step-by-step walkthrough of income statement, balance sheet, and cash flow projections.

How the IPO process works from mandate to first trade. Learn each step, who does what, how shares are priced, and what banks earn from taking companies public.

Inside energy investment banking: oil & gas, renewables, and power deals. The technical skills you need, which banks lead the sector, and how to recruit into energy groups.

Master the "Why Finance?" interview question with frameworks and sample answers for every background. Learn what interviewers want and how to stand out.

Full compensation breakdown from analyst to managing director. Base salaries, bonus structures, performance buckets, and how pay differs across bulge brackets, boutiques, and middle market.

Master the "walk me through an LBO" interview question with step-by-step answer frameworks. Learn the 30-second and 2-minute versions that impress interviewers.

Learn what EBITDA is, how to calculate it, common adjustments, and why investment bankers use it for valuation multiples, LBO analysis, and M&A deals.

Master debt capacity analysis for leveraged buyouts. Learn how lenders determine maximum debt levels, key credit metrics, and how to structure financing that balances returns with risk.