30 minutes phone call first round with one associate
3*30 minutes super day with MD, associates, analysts
The overall interview process is very smooth and is well coordinated by the HR.
I really enjoy the interviewing process with them.
I applied through an employee referral. The process took 4 weeks. I interviewed at Keybanc Capital Markets (New York, NY) in Dec 2025
Interview
Why IB?
Why KeyBanc?
Why Insustrials?
Why Middle Market?
What are the 3 main valuation methods?
Walk from revenue to FCF.
How do you calculate WACC? How do interest rates affect WACC? How does a lower WACC affect valuation?
Whats the highest yielding valuation methods?
Whats a fourth valuation method? (LBO)
What’s an LBO at a high level?
How can a PE firm increase the exit multiple? How does increasing the exit multiple affect IRR?