Investment Banking Practice Questions (IB)
Investment banking interview prep with 3,095 practice questions across valuation (DCF, comps, precedents), M&A mechanics, LBO fundamentals, accounting linkages, and the markets awareness layer — the exact technical families asked in analyst and associate interviews at bulge brackets and elite boutiques.
Start practicing free — 3,095 Investment Banking questions with full explanations →
Investment Banking practice by topic
- General — 694 free questions
- IB Valuation — 1 free questions
- Restructuring (RX), DCM, & ECM — 1 free questions
How do I prepare for an investment banking interview?
Two tracks: technicals and story. For technicals, drill valuation, accounting linkages, M&A accretion/dilution, and LBO intuition until answers are automatic — KomFi gives you 3,095 interview-grade questions with full explanations, plus flashcards for formulas. For story, script your "why banking" and deal discussion, then pressure-test them.
How do I learn investment banking?
Learn the work, not the mystique: valuation methods, transaction mechanics, and financial statement fluency. Ten focused questions a day with honest feedback outperforms passively reading guides — that is exactly the rep structure KomFi is built on.
What technical questions are asked in investment banking interviews?
The core families: walk me through a DCF; how do the three statements link; accretion/dilution math; what makes a good LBO candidate; enterprise vs equity value; and valuation multiples — all covered in the bank with trap-aware explanations.
How long does it take to prepare for IB interviews?
From a standing start, 4–8 weeks of daily drilling covers technicals for analyst-level interviews. The differentiator is consistency: a daily 10-question rep with review of every miss.
Free Investment Banking practice questions
- A target company is being acquired for $60.00 per share. Its… — What is the control premium being paid in this
- Which scenario provides a higher IRR?
- What is the Multiple on Invested Capital (MOIC)?
- Which valuation methodology would likely produce the 'floor' valuation for a mature industrial company in a st
- Which buyer is generally able to pay a higher premium in an auction for a mature industrial company, and why?
- Which of the following changes, held in isolation, would most likely achieve this?
- A company has $100 million of Preferred Stock with a 6% divi… — When calculating Enterprise Value, why is this
- If a company has an Unlevered Free Cash Flow (UFCF) of $500 million in Year 5, a WACC of 10.0%, and a perpetui
- When calculating the WACC, why is the cost of debt multiplied by (1 - t)?
- What is the primary impact on the LBO returns?
- Which component of an LBO's return is considered the 'least predictable' and is often set to zero in conservat
- What is its Enterprise Value?
- An analyst is calculating the Terminal Value of a company in… — If the WACC is 10.0%, what is the Present Valu
- If a company's Net Debt is negative, what is the relationship between its Equity Value and Enterprise Value?
- In a merger model, the 'Pro Forma' share count is calculated as:
- What is the control premium?
- Why is EBITDA often used as the denominator for Enterprise Value multiples, rather than Net Income?
- If the company generates $12.0 million in Net Income, what is its Return on Equity (ROE)?
- Which of the following multiples would be most useful for a capital-structure-neutral comparison?
- An acquirer with a current P/E multiple of 20.0x is consider… — Without considering synergies, will this deal
- What is the Multiple on Invested Capital (MOIC)?
- What is the Multiple on Invested Capital (MOIC)?
- What is the 3-year Compound Annual Growth Rate (CAGR)?
- If the debt remains $600 million at exit, what is the MOIC?
- What is the Multiple on Invested Capital (MOIC)?