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About this interview
A technical interview on IB Core Technicals, pitched at the medium level. A voice AI interviewer leads the conversation, adapts its questions to your answers, keeps you on topic, and afterward gives you honest, specific feedback on where you were strong and where to improve. Expect roughly 30 minutes.
What you'll be assessed on
Select and defend an appropriate trading-comps set using business, size, growth, and margin screens
Build the enterprise-value-to-equity-value bridge and apply a peer multiple to derive an implied share price
Explain why EV-based multiples are capital-structure-neutral while P/E is not, with a worked numeric contrast
Distinguish trading comps from precedent transactions and normalize financials (LTM/NTM, non-recurring add-backs) before comparing them
Handle outliers, multiple expansion/contraction, and edge cases like negative-EBITDA companies or multi-segment businesses (SOTP)
Topics covered
EV/Equity Value BridgeComp Set SelectionTrading Comps vs Precedent TransactionsMultiple Types & Use CasesCalendarization & NormalizationApplying the MultipleMedian vs Mean / OutliersMultiple Expansion/ContractionPrecedent Premiums & SynergiesEdge CasesFootball Field / Sum-of-the-Parts
A few sample questions
Just examples to set expectations - the real interview has many more and adapts to your responses.
“In one sentence, what's the difference between enterprise value and equity value?
“Would you expect precedent-transaction multiples from three years ago to still be a reliable guide to what a deal would price at today? Why or why not?
“A peer group's median P/E is 15.0x. Your subject company's diluted EPS is $2.00. What's the implied share price?