KBW 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 9 interview experiences · FREE TO READ
Candidate interview experiences
First-hand accounts from people who interviewed at KBW.
KBW
Investment Banking Analyst
Intern Average Neutral experience No offer 2 rounds
Interview process
Recruiter call Onsite
Interview formats
Behavioral Technical
It started with a quick HireVue, then moved to an in-person Superday. The team really wants to know why you're interested in Atlanta and your past finance experience. The Atlanta team I interviewed with was very MD-heavy, with maybe one VP (who might be a director now). Overall, you'll get great exposure to senior bankers.
Confirmed questions1 question
- Tell me about the most engaging corporate finance class you took in undergrad.
KBW
Investment Banking Analyst
Entry Average Neutral experience No offer 1 round
Interview process
Recruiter call Technical screen Onsite Offer
Interview formats
Behavioral Technical
I applied online via my school's career services. It took about two weeks to hear back and they scheduled an on-campus interview about 10 days later. The first round was a 30-minute, 2-on-1 interview, with a mix of behavioral and technical questions. Behavioral questions were pretty standard: why KBW, why IB, biggest weakness, and what about me isn't on my resume (that one stumped me a bit). Technicals started easy, but be ready to explain any valuation multiples you bring up and what makes them change between similar companies.
Confirmed questions2 questions
- Can you tell me why you're interested in KBW?
- What valuation multiples would you use to value a company?
KBW
Investment Banking Analyst
Intern Average Positive experience Accept offer 7 rounds
Interview process
Recruiter call Technical screen Onsite Panel Background check Offer
Interview formats
Behavioral Technical
I applied through handshake and then had an in-person interview on campus with an associate that was both behavioral and technical. After that, I had a super day in NYC. It had six separate interviews, mostly with MDs, then one with an analyst and associate. This was mostly behavioral.
Confirmed questions3 questions
- Roughly how many hits happen in an MLB season annually?
- What makes you want to pursue a career in the middle market?
- Describe your typical role within a team setting.
KBW Investment Banker / M&A Analyst Interview Questions
Quoted word for word from KBW interview reports.
“Roughly how many hits happen in an MLB season annually?”
Read reports →“What is the impact of a $10 increase in depreciation expense on the three financial statements?”
Read reports →“What are the differences between UFCF and LFCF?”
Read reports →“What is WACC (technical)?”
Read reports →“What are the three financial statements (technical)?”
Read report →“Can you explain how banks generate revenue?”
Read report →“What is LBO (technical)?”
Read report →“Under what circumstances would you choose to use UFCF over LFCF, or vice versa?”
Read report →“What valuation multiples would you use to value a company?”
Read report →Formats, difficulty and experience
Across all 9 KBW interview reports.