J.P. Morgan 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 327 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at J.P. Morgan.
J.P. Morgan
Investment Banking Analyst
Intern Easy Positive experience No offer 4 rounds
Interview process
Recruiter call Phone screen Technical screen Onsite Panel Background check Offer
Interview formats
Technical Behavioral Case Presentation
I had a HireVue first, then a phone call with a director, and then a superday where I had three 25-minute interviews back-to-back. The phone screen included a 'tell me about yourself' and I had to pitch a long term stock and a stock to short. The superday started with a brain teaser and market sizing questions. The second interview focused on the sector I'm interested in, why, and a company I've been following or a deal I know of. The last interview had some technical questions, but they weren't too hard.
Confirmed questions2 questions
- Regarding the first superday round, how many iPhones do you estimate are sold annually?
- And, how would you solve the brain teaser involving two ropes that burn in 45 minutes?
J.P. Morgan
Investment Banking Analyst
Entry Average Neutral experience No offer 2 rounds
Interview process
Recruiter call Technical screen Phone screen Onsite Background check Offer
Interview formats
Behavioral Technical
so the JP Morgan interview process is like, you apply online first. then there are some aptitude or behavior tests. if you pass that, you'll do some video interviews with HireVue and then some live interviews with the hiring managers. they ask about your technical skills, problem-solving abilities, how you work in a team, and if you fit with the company culture.
Confirmed questions1 question
- Could you please walk me through a financial statement?
J.P. Morgan
Investment Banking Associate
Mid Average Positive experience No offer 3 rounds
Interview process
Recruiter call Technical screen Onsite
Interview formats
Behavioral Technical Case
It's the typical investment banking interview process, especially if you're coming from a business school. If you study up on the guides, you'll be good to go. There are a bunch of coffee chats, some online and some in person. They also have in-person networking events, followed by a two-on-one interview and then a super day.
Confirmed questions2 questions
- Could you discuss a deal you've been following?
- What are your thoughts on hypothetical debt scenarios?
J.P. Morgan Investment Banker / M&A Analyst Interview Questions
Quoted word for word from J.P. Morgan interview reports.
“Can you explain the impact of a $100 depreciation on the three financial statements?”
Read reports →“Can you confirm if the sum of discounted cash flows and discounted terminal value equals Enterprise value?”
Read reports →“For an acquirer, would $1 in cost synergies or $1 in revenue synergies be more valuable?”
Read reports →“If you were given 1 crore rupees, what would be your investment strategy?”
Read reports →“Could you outline the main components of an LBO calculation that result in Free Cash Flow?”
Read report →“And, how would you solve the brain teaser involving two ropes that burn in 45 minutes?”
Read report →“In the case of a company with a novel business model and no direct competitors, how would you approach its valuation?”
Read report →“Can you explain the differences between equity and debt markets and how those differences would impact investment decisions for a particular type of company?”
Read report →“In what ways does J.P Morgan Chase stand out from other banks and the finance sector?”
Read report →Formats, difficulty and experience
Across all 327 J.P. Morgan interview reports.