Schedule mock interviews on the Meeting Board, join the latest community discussions in our Consulting Q&A and find like-minded Interview Partners to connect and practice with!
Back to overview

How early should I start my interview preparation?

I will finish my studies next year. How early should I start to prepare for the interviews? 

1 Answer
500+ Views
30
Be the first to answer!
Nobody has responded to this question yet.
Top answer
Max
Coach
edited on Nov 12, 2024
Elite IB + PE Coaching | 100+ Success Stories

Great question! Investment banking interviews are challenging and intense and you need to make sure you're 100% prepared for anything they throw your way. Realistically, to be a top-tier candidate, you'll need to spend 200+ hours. You can cram it in a few weeks or most candidates spread it over several months spending 10-15 hours / week. 

In terms of when to start, "the best time to plant the tree was 25 years ago" as the saying goes. But failing that, start now. Most serious candidates have already started preparation for sophomore internships during their sophomore year in college.

Here are the three things you need to do:

  1. Networking (80 hours): Before the interview even starts, make sure that you've reached out to and talked with as many people as possible at the firm. Learn about what they care about and what they're learning for in a candidate. Build advocates.
  2. Behaviorals (30 hours): Then, get started on your behavioral prep. Work on your behaviorals "trifecta"--tell me about yourself, why banking, why this bank, and then create a stories-based approach for other behavioral questions. Do practice mock interviews and write everything out.
  3. Technicals (100 hours): Finally, once you get past the first round (usually behavioral) it's time to really hone in on technicals. Start with the 400 Question Guide and then it gets more advanced from there across modeling tests, paper LBOs, and online courseware like Wall Street Oasis's courses.

There are 10,000 other things we need to discuss on each of these pieces--please reach out for a free intro session and let's talk about how to get you into the industry!

Anonymous A
on Dec 02, 2024
Thanks a lot!
Similar Questions
Finance
If you could meet your future self, what would you ask them?
on Jan 16, 2025
Global
3 Answers
300+ Views
Top answer by
16
3 Answers
300+ Views
Finance
What do you want to be remembered for in your career?
on Jan 28, 2025
Global
4 Answers
100+ Views
Top answer by
Anonymous
4
4 Answers
100+ Views
Finance
If your life were a movie, what would the title be?
on Jan 30, 2025
Global
1 Answer
100+ Views
Top answer by
4
1 Answer
100+ Views
How likely are you to recommend us to a friend or fellow student?
0 = Not likely
10 = Very likely
You are a true consultant! Thank you for consulting us on how to make PrepLounge even better!