Free Lesson

Acing IB Technicals: DCFs, LBOs, and the 3 Statements

Hosted by Max Adams

Thu, Aug 20, 2026

12:00 AM UTC (1 hour)

Virtual (Zoom)

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What you'll learn

Walk through a DCF without freezing

Build one out loud: unlevered free cash flow, WACC, terminal value, and the bridge to equity value.

Link the three statements under pressure

Trace a deferred tax asset or a working capital swing through all three statements without losing the thread.

Handle the questions that separate candidates

Enterprise vs. equity value, accretion/dilution, and why an LBO can imply a higher value than a DCF.

Why this topic matters

Most first-round banking interviews are lost on technicals, not on fit. Interviewers are not testing memorization, they are testing whether you can reason out loud under pressure. Once you can build a DCF verbally, connect the three statements, and explain why two valuation methods disagree, you stop guessing and start sounding like someone who has already done the work.

You'll learn from

Max Adams

Head Coach at Wall Street Mastermind | Ex-Lazard, Qatalyst & Vector Capital

I’m Head Coach at Wall Street Mastermind, where I help students turn ambitious finance goals into focused recruiting plans. My background spans investment banking and investing experience at Lazard, Qatalyst Partners, and Vector Capital, plus study at Stanford and Harvard. I teach practical networking, interview preparation, technical fundamentals, and role-specific strategy across investment banking, private equity, credit, research, and adjacent finance careers.

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