Investment Banking Interview Blog

Explore TMT investment banking covering technology, media, and telecom. Learn about deal types, day-to-day work, top banks, exit opportunities, and how to break in.

Learn to build a merger model step-by-step. Master accretion/dilution analysis, purchase price allocation, synergies, and pro forma financials for M&A transactions.

Master the conflict behavioral question in investment banking interviews. Learn how to structure compelling answers using STAR method with examples that showcase professionalism.

Master both terminal value methods for DCF analysis. Learn when to use Gordon Growth perpetuity vs exit multiples, formulas, assumptions, and how to sanity check your results.

Master the IB to PE recruiting timeline. Learn when on-cycle recruiting starts, how to work with headhunters, and position yourself for top private equity offers.

Master the distinction between levered and unlevered beta for WACC calculations. Learn the formulas, when to unlever and relever beta, and how to apply comparable company betas correctly.

Master the leadership behavioral question in investment banking interviews. Learn how to structure compelling stories using the STAR method with examples that demonstrate relevant skills.

Master WACC calculation for DCF valuation. Learn how to calculate cost of equity using CAPM, cost of debt, capital weights, and build WACC from scratch with examples.

Learn how to address employment gaps in IB interviews. Get frameworks for explaining layoffs, personal leaves, career changes, and gaps of any length with confidence.

Learn how normalized EBITDA adjustments affect M&A valuations. Understand common add-backs, when adjustments are appropriate, and how buyers evaluate adjusted metrics.

Learn how MBA investment banking recruiting differs from undergrad. Understand the associate hiring timeline, interview process, and what banks expect from career changers.

Understand Quality of Earnings reports in M&A due diligence. Learn what QoE analysis covers, why it matters for valuations, and how adjusted EBITDA affects deal pricing.