Technical questions separate the truly prepared from the pretenders. You need to know accounting, valuation, and corporate finance concepts cold. The following tables break down the critical concepts you must master.
Net Income is down by $8, but you add back the $10 non-cash depreciation. Cash from Operations is up by $2. Net change in cash is up by $2.
The Breaking Into Wall Street (BIWS) Investment Banking Interview Guide is a comprehensive preparation resource designed to help candidates master both qualitative "fit" and advanced technical questions. Unlike basic guides, it focuses on real-world concepts and actual deal scenarios rather than simple rote memorization.
Why you are in this room today, and why this specific firm is the next logical step. Technical questions separate the truly prepared from the
Structured on-campus coffee chats, information sessions, and interview invitations.
You must understand how the Three Financial Statements (Income Statement, Balance Sheet, Cash Flow Statement) link together.
Valuing a company based on what historical buyers paid for similar companies in recent acquisitions. Net Income is down by $8, but you
The buyer's Earnings Per Share (EPS) increases after the acquisition.
Master basic accounting rules and the links between financial statements.
For boutique firms, elite boutiques, or lateral hires, interviewers will push into transactional technicals. 1. Accretion / Dilution Analysis The Breaking Into Wall Street (BIWS) Investment Banking
Operating Income (EBIT) decreases by $10. Assuming a 40% tax rate, Net Income decreases by $6.
Preparing you for logical puzzles and current events.
Breaking Into Wall Street (BIWS) Investment Banking Interview Guide
A DCF calculates the value of a business today based on projections of how much money it will generate in the future.