CICC Investment Banker / M&A Analyst Interview Questions
& Process
Real candidates share what happened, how many rounds they had,
and how the experience turned out.
Based on 41 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at CICC.
CICC
Investment Banking Analyst
Entry Average Neutral experience Decline offer 2 rounds
Interview process
Technical screen Onsite
Interview formats
Technical Behavioral
So, there are two rounds of panel interviews, and each round has 3 interviewers. The first round is all about technical stuff like financial statements, valuation methods, and they'll really dig into your resume. The second round is more behavioral, asking about teamwork, your strengths and weaknesses, and if you're a good cultural fit. They mostly use Chinese Mandarin, but they might ask you to answer some questions in English.
Confirmed questions2 questions
- What happens to the three financial statements if depreciation is increased by 10%?
- How would the three statements be affected by a 10% increase in depreciation?
CICC
Investment Banking Analyst
Intern Average Positive experience No offer 3 rounds
Interview process
Recruiter call Phone screen Technical screen Onsite Background check Offer
Interview formats
Technical Behavioral
I applied for the GI division and went through three main parts: the initial online application, then the first round of interviews, and finally the second (which was the final) round. The application deadline was around early March. The first round happened at the end of March and consisted of two phone interviews, each about 20 minutes long. The second round was in early May and involved three interviews back-to-back, totaling about an hour.
Confirmed questions3 questions
- Could you walk me through a recent IPO deal you've followed?
- Explain what inventory impairment means.
- What distinguishes listing a company on the SHSE versus the HKSE?
CICC
Investment Banking Associate
Mid Average Positive experience Accept offer 2 rounds
Interview process
Recruiter call Phone screen
Interview formats
Technical Behavioral
It was a 2-phone interview process, mostly technical questions. It started with "work me through your resume." Also asked "what do you think about Investment Banking." The interview was about 30 mins. The interviewers were nice.
Confirmed questions2 questions
- Can you explain the different valuation analysis methods?
- What are the valuation analysis methods?
CICC Investment Banker / M&A Analyst Interview Questions
Quoted word for word from CICC interview reports.
“Why do we exclude taxes when calculating free cash flow?”
Read reports →“What is the formula for calculating the Weighted Average Cost of Capital (WACC)?”
Read reports →“Regarding WACC, what is the rationale for incorporating a tax factor into its calculation?”
Read reports →“What happens to the three financial statements if depreciation is increased by 10%?”
Read reports →“If depreciation were to increase by $10, how would the three main financial statements be affected?”
Read report →“What is the impact of a COGS error on the CF statement?”
Read report →“What distinguishes listing a company on the SHSE versus the HKSE?”
Read report →“How would the three statements be affected by a 10% increase in depreciation?”
Read report →“Can you explain how depreciation is calculated for a piece of equipment?”
Read report →Formats, difficulty and experience
Across all 41 CICC interview reports.