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Drills · Beta

Finance interview drills

The questions every IB and PE interview throws at you — randomized, timed, and graded the instant you answer. No AI guessing whether you're right: every scenario is scored by the same deterministic engines behind Prova's models.

Quick drills

Paper LBO

LBO

Walk from entry equity to IRR with mental math — the canonical PE interview question.

Target: under 5 min · 4 questions

Accretion / Dilution

M&A

Issue stock to buy a target and judge whether the deal lifts or drags pro-forma EPS.

Target: under 4 min · 3 questions

DCF Gut-Check

Valuation

Value a business from a single perpetuity — the FCF / (r − g) intuition interviewers probe.

Target: under 3 min · 3 questions

Returns Attribution

LBO

Split an LBO's equity gain into EBITDA growth, multiple expansion, and debt paydown — the value-creation bridge interviewers ask for.

Target: under 4 min · 4 questions

Trading Comps

Valuation

Value a company from a peer EV/EBITDA multiple, then bridge to an implied share price and P/E — the classic comps quick-math.

Target: under 3 min · 4 questions

Three-Statement Linkage

Accounting

A non-cash expense rises — walk the income statement, cash flow, and balance sheet and prove they still tie. The classic accounting interview question.

Target: under 3 min · 4 questions

Modeling tests

Fuller, multi-line builds — the kind interviewers watch you work through.

LBO Modeling Test

LBO Pro

A fuller, multi-line LBO build — capitalize transaction fees, balance an explicit sources & uses, then work from sponsor equity to IRR. Graded step by step.

Target: under 7 min · 7 questions

Merger Model

M&A Pro

A fuller M&A build — fund the deal with a stock / cash-debt financing mix, charge after-tax interest on the cash portion, then grind out pro-forma EPS and accretion/dilution. Graded step by step.

Target: under 5 min · 5 questions

Three-Statement Build

Accounting Pro

A fuller, multi-line build — start from revenue and a margin, work the income statement down to net income, then walk the cash flow to CFO and the change in cash. Graded step by step.

Target: under 5 min · 5 questions