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Citizens 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 11 interview experiences · FREE TO READ

2.9 Rounds average
Average Typical difficulty
72.7% Positive experience

Candidate interview experiences

First-hand accounts from people who interviewed at Citizens.

Showing 3 of 11
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Investment Banking Analyst

Finance · nearly a year ago

Entry Average Positive experience No offer 1 round
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical Other

I had a 30-minute interview with two analysts. It included a mix of behavioral and basic technical questions, along with a question about current events or deals. The technical part covered basics like DCF and how depreciation affects the three financial statements.

Confirmed questions1 question
  • Could you discuss a deal you've been following in the news recently?
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Citizens

Investment Banking Analyst

Finance · more than a year ago

Intern Average Neutral experience No offer 3 rounds
Interview process
Recruiter call Technical screen Phone screen
Interview formats
Technical Behavioral

It was a pretty standard process. They hit you with some basic technical questions, some behavioral stuff, and asked about your motivations. It included questions like why you want to work here, why you're interested in IBD, a general 'tell me about yourself,' and then some technicals on DCF, WACC, cost of equity, cost of debt, the Fed's interest rate, and your choice to pursue finance.

Confirmed questions3 questions
  • Can you tell me about yourself?
  • Why are you interested in Investment Banking Division (IBD)?
  • What makes you want to work for this specific firm?
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Citizens

M&A Analyst

Finance · more than a year ago

Entry Average Positive experience Accept offer 7 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical Case

The interview process kicks off with a video call, typically with an associate or senior analyst. Expect some behavioral questions and a few technical accounting/finance queries relevant to investment banking. The final round, the SuperDay, involves about 6-7 interviews covering behavioral, technical, and critical-thinking topics. To ace it, be ready to share your background, explain technical concepts, and build rapport with the interviewers.

Confirmed questions6 questions
  • Tell me about your interest in investment banking and M&A.
  • Why are you interested in joining Citizens?
  • What motivates you?

Citizens Investment Banker / M&A Analyst Interview Questions

Quoted word for word from Citizens interview reports.

Can you give examples of non-recurring charges that should be added back to a company's EBIT or EBITDA when analyzing its financial statements?

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Can you explain the impact of a $10 increase in depreciation on the three financial statements?

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Can you describe the three main financial statements and their interconnections?

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Could you briefly explain each of the four valuation methods?

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Could you walk me through a Discounted Cash Flow (DCF) analysis?

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Formats, difficulty and experience

Across all 11 Citizens interview reports.

Interview formats

Behavioral 39.3%
Technical 32.1%
Case 14.3%
Other 7.1%
Presentation 7.1%

Interview difficulty

Easy 18.2%
Average 72.7%
Difficult 9.1%

Candidate experience

Positive 72.7%
Neutral 27.3%