Breaking Into Wall Street Investment Banking Interview Guide Pdf Jun 2026

What is your level? (e.g., Undergraduate, MBA, Lateral hire) Which specific technical topic gives you the most trouble?

“I want to join Goldman’s TMT group because you advised on the Adobe-Figma deal, and during my call with [Analyst Name], he mentioned the lean team structure that lets juniors work directly on merger models from day one.” What is your level

Determine the using either the Gordon Growth Method or the Exit Multiple Method. An intrinsic valuation method based on the premise

An intrinsic valuation method based on the premise that a company is worth the present value of its future cash flows. Steps to Build a DCF: Behavioral and Qualitative Mastery Cost of Equity ×

Purchase price, leverage amount, operational growth, and exit multiple. 4. Behavioral and Qualitative Mastery

Cost of Equity × (% Equity) + Cost of Debt × (% Debt) × (1 - Tax Rate)

At a 40% tax rate, tax expense decreases by $4 ($10 × 40%). Net Income decreases by . Cash Flow Statement Net Income at the top drops by $6. Add back the $10 non-cash depreciation expense. Net cash flow from operations increases by $4 . Balance Sheet Cash asset increases by $4 (from the CFS).