Run technical and fit rounds out loud with an AI interviewer that asks the follow-ups a banker would — then see whether your DCF walkthrough, accounting answers, and "why banking" story actually hold up.
Free to start · No credit card required · No webcam needed
Technical round · 28 min
Overall
Biggest gap · Depth of understanding
Your DCF steps were correct but you could not say why WACC is the right discount rate. That follow-up decides the round.
The two rounds that decide banking outcomes. Technical questions cover the three statements and how they link, enterprise versus equity value, the valuation methodologies and when each is appropriate, walking through a DCF, LBO mechanics, and accretion/dilution. Fit questions cover why banking, why this bank, your deal interest, and the behavioural stories every superday returns to.
The interviewer follows up the way a real one does. Reciting the DCF steps is not the test — being asked why you use WACC rather than cost of equity, and what happens to the valuation if the terminal growth rate rises by fifty basis points, is the test.
That distinction is what separates candidates who read a technical guide from candidates who can hold a conversation with an associate at eleven at night.
A sample of what the mock asks, and what a strong answer has to do.
The most predictable question in banking, and still the most commonly fumbled. Interviewers score the order and the reasons — project free cash flow, discount at WACC, calculate terminal value, sum to enterprise value, bridge to equity value — and then immediately test whether you understand each step or memorised the list.
The classic accounting linkage question. Work statement by statement in order and state the tax rate you are assuming. Candidates who jump straight to the cash impact almost always miss a line.
Fit answers fail on genericness. A credible answer names a concrete experience that pointed you here and something specific about the bank — a group, a deal, a person you spoke to — that a competitor could not claim.
Run a technical round covering valuation, accounting, DCF, and LBO, or a fit round covering motivation and behavioural questions. Set your target group if you want the questions weighted towards it.
The AI interviewer asks the question, then probes. Expect to be asked why, not just how — the same way a real interviewer separates understanding from recall.
You get a transcript scored on technical accuracy, depth, structure, fit, and composure, with the specific answers that would not survive a real round flagged.
Banking technicals have a finite, well-documented question set, which is exactly why memorisation fails. When every candidate can recite the DCF steps, the interviewer moves to the follow-up — and that is where the ranking happens.
The follow-ups are not exotic. Why WACC. Why unlevered free cash flow. What happens to the valuation if the discount rate moves. When would you use a precedent transactions analysis over comparable companies. A candidate who understands the mechanics answers those without pausing; a candidate who memorised the sequence stalls immediately.
Practising out loud is what exposes the difference. Reading a technical guide feels like understanding right up until someone asks you why.
Investment banking recruiting has moved dramatically earlier. Summer analyst recruiting for many banks now begins more than a year before the internship starts, with applications and HireVue screens landing well ahead of the interview wave that runs January through April.
Practically, that means technical preparation needs to be solid before applications go out, not after. Candidates who wait for an interview invitation to start preparing are typically several weeks behind the field.
A superday compresses four to six back-to-back interviews into a single day, alternating between technical grilling and fit conversation with bankers at different levels. Endurance is a real variable: the fifth interview of the day is where composure slips and rehearsed answers start sounding rehearsed.
The way to prepare for that is volume under realistic conditions — running multiple rounds in sequence rather than one carefully rested practice interview, so the fatigue is something you have already experienced.
Your first mock interview and scored report are free. Most candidates find their weakest dimension in the first session.
Yes. You can run a full round and get the scored report without paying. An account is only needed so your transcript and feedback are saved.
The three financial statements and how they link, enterprise versus equity value, valuation methodologies, DCF walkthroughs, LBO mechanics, accretion/dilution, and the standard follow-ups on each.
The behavioural and fit questions banks use in their HireVue screens are covered in the fit round, so you can practise them out loud under time pressure before recording the real thing.
A round runs 25 to 40 minutes depending on how far the follow-ups go. The scored report is ready within a few minutes.
The technical foundation overlaps heavily — LBO mechanics, valuation, and accounting all carry over. Paper LBO and PE case work are covered in the related guides.