Prep for IB internship interview in 7 days

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1. Preparing for an investment banking internship interview in just one week can be daunting, but with a structured approach and the right resources, you can maximize your chances of success. Here’s a plan that focuses on both technical and behavioral questions:

   Technical Preparation

   1. Online Courses and Video Lectures:
   2. Wall Street Prep or Breaking Into Wall Street: These platforms offer targeted courses that cover financial modeling, valuation, and Accounting basics. Consider their crash courses for a compressed overview.

   3. YouTube Channels: Channels like Corporate finance Institute (CFI) or Mergers & Inquisitions offer free videos that can help reinforce concepts quickly.

   4. Technical Guides:

   5. Investment Banking Interview Guide by M&I: This book covers common technical questions, financial modeling, Accounting principles, and valuation methods.

   6. “Investment Valuation” by Aswath Damodaran: This book is comprehensive; focus on key chapters relevant to valuation and DCF analysis.

   7. Practice Questions:

   8. Use resources like Glassdoor or WSO to find real interview questions that candidates have faced.

   9. Websites like LeetCode or Modeloff can provide exercises on financial modeling and Excel.

   10. Practical Application:

   11. Try building a simple financial model from scratch, including a DCF analysis, to reinforce your understanding through practice.

   Behavioral Preparation

   1. STAR Method:

   2. Use the STAR (Situation, Task, Action, Result) technique to structure your answers to behavioral questions. Prepare examples that showcase teamwork, leadership, and problem-solving.

   3. Common Behavioral Questions:

   4. Research typical behavioral questions for IB interviews (e.g., “Tell me about a time you worked on a team,” “Why investment banking?”). Prepare rehearsed but natural-sounding responses.

   5. Mock Interviews:

   6. Conduct mock interviews with friends or peers who are familiar with IB. If possible, find someone in the industry or use platforms like Pramp to get real-time feedback.

   7. Company-Specific Research:

   8. Understand the culture and values of the bank you’re interviewing with. Tailor your answers to show you align with their values and mission.

   General Tips

   • Daily Schedule: Create a timetable that dedicates specific hours each day to technical practice and behavioral prep. Aim to balance both areas.
   • Stay Updated: Read recent news articles about market trends and any significant deals involving your target bank.
   • Rest and Reflect: Ensure you get enough rest and time to process what you’ve learned. Overloading yourself can lead to burnout.

   Good luck with your preparation! You’ve got this!

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