How to prepare for technical IB interviews if I haven’t studied finance

Hi,
Preparing for technical investment banking interviews without a finance background can be challenging, but it’s definitely achievable with a structured approach. Start by mastering the basics of finance and accounting, which are the foundation for most technical questions. Focus on understanding financial statements, valuation methods like DCF, Comparable Company Analysis, and LBO models, and the key concepts behind corporate finance such as WACC and capital structure. You can find excellent resources through books like Investment Banking by Rosenbaum and Pearl, online courses from platforms like Wall Street Prep or Breaking Into Wall Street, and free YouTube tutorials. Once you understand the theory, practice is key—work through case studies, model-building exercises, and technical questions to get comfortable applying these concepts. Excel skills are also vital, as they’re essential for financial modeling, so prioritize learning relevant shortcuts and functions. Additionally, understanding the deal process and staying updated on industry news will give you the practical context needed for interviews. Don’t forget to network with professionals in the field, seek out mock interviews, and practice under pressure. By staying consistent and dedicated, you’ll quickly bridge the gap and be well-prepared for your IB interviews.

Wish you the best!
 

Harrshit