The Investment Banking 500 Question Guide (2026)

Work through 500 technical questions across accounting, enterprise value, valuation, M&A, and LBOs, combining student-reported interviews with supplemental practice. Questions are ranked from Foundational to Elite, with answers, common traps, follow-ups, and selected video walkthroughs. Coverage includes share buybacks, asset versus stock acquisitions, the sell-side process, LTM and calendarization, adjusted EBITDA, private-company valuation, deal protections, private credit, and a complete paper LBO. Bank labels appear only where interview reports support them.