Does anyone have experience with Bank of America’s IBD analyst interviews?
How tough are the technicals, and do they expect full LBO walk-throughs?
Technical difficulty Bank of America
From what I’ve seen, Bank of America’s IBD analyst interviews are technically solid but not extreme. The focus is on fundamentals and depth of understanding rather than on throwing very advanced or niche questions at you.
You should be fully comfortable with core valuation concepts such as DCF, trading and transaction multiples, and the links between the three financial statements. Interviewers often probe with follow-up questions to test whether you really understand the mechanics, for example how changes in assumptions flow through cash flow or valuation, rather than asking you to recite formulas.
Full LBO walk-throughs are not typically expected at the analyst level. You may be asked to explain the logic of an LBO, key value drivers, or how leverage impacts returns, but building a full model step by step is uncommon. That level of detail is more relevant for private equity or later-stage interviews.
Overall, the bar is about being clear, structured, and accurate on the basics. If you can explain valuation concepts confidently and handle logical follow-ups without getting flustered, you’ll be well aligned with what Bank of America usually looks for in IBD analyst candidates.
Rita