Investment Banking “Fit” Questions: Quick Prep

Investment Banking “Fit” Questions: Quick Prep

Investment banking interview questions

Investment banking interview questions

Published on Apr 11, 2017

In this tutorial, you’ll learn how to prepare for “fit” questions in investment banking interviews efficiently and how to use the “Rule of 3” to develop short anecdotes and responses that you can re-use to answer the most common questions.

Baupost’s Seth Klarman Suggests That The U.S. Could Be Uninvestable One Day

Seth KlarmanIn his 2021 year-end letter, Baupost's Seth Klarman looked at the year in review and how COVID-19 swept through every part of our lives. He blamed much of the ills of the pandemic on those who choose not to get vaccinated while also expressing a dislike for the social division COVID-19 has caused. Q4 2021 Read More

“Financial Modeling Training And Career Resources For Aspiring Investment Bankers”

Table of Contents:

3:57 Your 3 “Short Stories”

6:22 Your 3 Strengths and 3 Weaknesses

8:36 Your Top 3 Real Weaknesses

12:59 Recap and Summary

Lesson Outline:

Investment banking interview questions


The WORST way to approach “fit” questions is to memorize dozens or hundreds of questions and answers.

Instead, you should develop a few stories that you can use and re-use for the most common qualitative questions.

Your 3 “Short Stories” should include a Success Story, a Failure Story, and a Leadership Story that demonstrate the qualities bankers are looking for: Analytical skills, ability to work in a team, ability to work long hours, attention to detail, communication skills, and a demonstrated interest in finance.

For example, you could discuss an internship where you made several corporate finance processes more efficient, a Treasury internship where you worked with other departments to help the company avoid breaching a Debt covenant, and a math tutoring business you started but ultimately had to shut down.

Your 3 Strengths should be easy because you already know the qualities bankers are seeking.

Your 3 Weaknesses are tougher because they must be real, but not too real, they can’t be overly personal, and they must be things you could conceivably fix (e.g., don’t say you’re “too short”).

You could say that you take too long to make decisions or second-guess yourself, that you’re not always good about speaking up, or that you don’t always follow up on tasks and assignments.

For your 3 “Real Weaknesses,” compare yourself to the *ideal* candidate for IB roles (Ivy League school, perfect grades and test scores, accounting/finance major, multiple languages, multiple finance internships, sports, study abroad, and international recognition in some area), and assess how you’re different.

Maybe you went to a non-target school or you have low grades; maybe you don’t have much finance experience or you became interested in banking too late; or maybe you haven’t taken any accounting or finance classes.

Find your top 3 weaknesses and develop ways to address them.

For example, you could say that your family couldn’t afford an Ivy League school or that you attended your university because of a generous scholarship.

Or you could explain that you’ve been moving in the direction of finance ever since you became interested in it, despite a late start that precluded you from winning internships.

Or you could point to self-study, the CFA, or other courses to explain your accounting/finance skills and how you’ve learned the requirements independently.

Investment banking interview questions RESOURCES:


Updated on

No posts to display