CapTableClash
CapTableClash · Blog

Interview prep, written down.

Real questions, real answers, and the study plans people actually use before a finance interview. For the underlying concepts worked in full — DCFs, WACC, LBOs, and the rest — see the concept guides.

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Interview Prep

25 Finance Interview Questions You'll Actually Get Asked

The real rotation: accounting flow-throughs, valuation walkthroughs, LBO mechanics, and the behavioral question that trips up more candidates than any technical one.

Study Plans

How to Prepare for a Technical Finance Interview in Two Weeks

A day-by-day plan for the two weeks before a technical round: what to actually memorize, what to practice under a clock, and what to skip.

Excel

Excel Shortcuts Every Investment Banking Analyst Should Know

The keyboard-only shortcuts that separate a first-year who's still reaching for the mouse from one who isn't, organized by what you're actually doing at your desk.

Valuation

What “Accretive” and “Dilutive” Actually Mean in an M&A Deal

Pro forma EPS math with worked numbers: the all-stock P/E rule, the debt and cash versions, breakeven synergies, and why accretion says far less about a deal than candidates assume.

Networking

How to Write a Coffee Chat Request Email (With a Template)

Finding the right person, the one line that actually gets a reply, a template worth adapting instead of copying, and how long to wait before following up.

Private Equity

IRR, MOIC, and Payback Period: When Each One Lies to You

Three ways to score the same deal and three different answers: the MOIC-to-IRR bridge, why a dividend recap moves one number and not the other, and what each metric quietly hides.

By Firm

Investment Banking Interview Prep by Firm: Goldman, JPMorgan, Morgan Stanley, and More

The process, not just the questions: Morgan Stanley's group exercise and stock pitch, Lazard's technical-heavy first round, and why prepping the same way for every firm misses what actually differs.

Valuation

Reading a Comps Set: What Makes Two Companies Actually Comparable

The screens that make a peer set defensible, the adjustments that make the multiples honest, and the four things to check on someone else's comps page before you trust the median.

Interview Prep

Reading a 10-K Before an Interview: What to Extract in 20 Minutes

A route through the filing rather than a read of it: what the cover page gives you in a minute, what MD&A is actually telling you, the three notes worth opening, and the sections to skip outright.

Valuation

Strategic vs. Financial Buyers: Why the Same Company Is Worth Two Different Numbers

Synergies against standalone cash flow, EPS accretion against IRR, and no exit date against a fund life — why two buyers price one target differently, and how the pitch changes with the buyer on the other side.

Private Equity

Common LBO Interview Mistakes and How to Avoid Them

Where LBO answers actually break: sources and uses that don't balance, unlevered cash flow in a levered model, assumed multiple expansion, exit math that forgets the remaining debt — and a paper LBO clean enough to run out loud.