For candidates looking for additional resources, here are some recommendations:
This is a comprehensive for creating a “Breaking Into Wall Street Investment Banking Interview Guide” PDF. You can copy this text into a Word/Google Doc, format it, and save as a PDF.
Use the behavioral section to practice answering out loud. For candidates looking for additional resources, here are
For boutique firms, elite boutiques, or lateral hires, interviewers will push into transactional technicals. 1. Accretion / Dilution Analysis
: Valuation based on multiples paid in past M&A deals. For boutique firms, elite boutiques, or lateral hires,
is a comprehensive training program specialized in investment banking technical skills, modeling, and interview preparation. Unlike generic career services, BIWS was created by former investment bankers who know exactly what questions are asked, how they are phrased, and how to answer them to impress professionals.
Use tools like Anki to create flashcards for accounting rules and valuation formulas. or to differentiate yourself
A deal is accretive if the acquirer’s P/E > target’s P/E (assuming all-cash) or if the cost of debt < target’s earnings yield.
For more advanced roles, or to differentiate yourself, the guide dives deep into valuation modeling.