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    Built by ex-IB analysts · 5,000+ questions

    Master the Technicals. Land the Offer.

    Real questions from Goldman, Morgan Stanley & Blackstone. AI-scored interviews. Cell-by-cell model grading.

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    Goldman Sachs · DCF
    Q1 of 12

    Walk me through a DCF analysis.

    AI Score9.2/10
    87%
    Ready
    🔥 12-day
    streak
    5,000+
    Questions
    IB · PE · HF · VC
    900+
    Flashcards
    IB technicals
    90+
    Quizzes
    Topic mastery
    Questions sourced from 50+ firms
    Goldman SachsMorgan StanleyJ.P. MorganBlackstoneEvercoreKKRLazardCitadel

    Why Top Candidates Choose IB Flash

    Not another PDF guide. This is a full prep system.

    Real Bank Questions

    50+ firms

    5,000+ questions sourced from Goldman, JPM, Morgan Stanley interviews. Not generic — bank-specific.

    Sequential Learning Path

    7 IB modules

    Accounting → Valuation → DCF → M&A → LBO. Each section builds on the last with quizzes to lock in understanding.

    Weakness Engine

    5 signals

    Tracks every flashcard miss, quiz score, and interview response. Tells you what you'll get wrong before the interviewer does.

    78+ Model Tests

    Cell-by-cell

    Build real DCFs, LBOs, and M&A models in a spreadsheet editor. Every cell graded — values AND formulas.

    AI Mock Interviews

    Real-time AI

    Voice + webcam. AI asks follow-ups based on YOUR answers, then scores 1-10 with specific improvement tips.

    Know When You're Ready

    87% avg

    Readiness score, module progress, study trends, and accuracy tracking. No more guessing if you're prepared.

    Secret Weapon

    We Know What You'll Get Wrong

    5 signals. Every flashcard, quiz, interview & model test tracked.

    Flashcards4x
    Quizzes2x
    Interviews2.5x
    Models1.5x
    Flagged1.5x
    LBO Modelingcritical
    82
    Drill debt schedules & returns
    M&A Accretioncritical
    73
    Practice accretion/dilution Qs
    DCF Analysishigh
    58
    Review terminal value calc
    In a real interview, LBO & M&A = your biggest risks

    Cell-by-Cell Model Grading

    78+ templates. Values AND formulas checked.

    DCF_Model_Goldman.xlsx
    Revenue Growth8.5%
    EBITDA$142M$145M
    WACC10.2%
    Terminal Value$1,240M$1,302M
    Enterprise Value$1,089M$1,147M
    EBITDA error cascaded → EBIT → UFCF → Terminal Value → EV
    DCFLBOM&A3-StatementComps

    32% → 91% in 3 Weeks

    The algorithm adapts daily to your weaknesses.

    32%
    Week 1
    Diagnostic finds 6 weak areas
    LBO & DCF flagged critical
    First model test: 42%
    64%
    Week 2
    Interview scores: 4.2 → 6.8
    DCF retake: 78% (+36%)
    Chronic misses: 14 → 4
    91%
    Week 3
    All modules above 70%
    Interview avg: 8.4/10
    Model tests: 88% — ready
    Average user hits 85%+ in 18 days
    Why trust us

    Built by Founders who've been through it.

    We'll let students speak once our first cohort lands offers. Until then, here's what you're getting.

    Built by the Founders

    Made by Founders who recruited into and worked in IB, PE & HF — the questions are the ones they and their interviewers actually used.

    The whole prep stack

    Thousands of real interview questions, live AI mock interviews, cell-graded Excel models, and a correlation engine — across IB, PE, HF, VC & Consulting.

    Join the founding cohort

    Land your offer with IB Flash and we'll feature your story + a free year of Pro. contact@ibflash.com

    From $40/mo. $160K+ in Return.

    A fraction of what BIWS or Wall Street Prep charge. Everything included.

    Starter

    Everything you need to start prepping seriously.

    $40/mo
    7-day free trial · Cancel anytime
    5,700+ flashcards & 1,200+ questions — sourced from real superdays and vetted by bankers
    Live AI mock interviews — banker-built grading & feedback
    90+ cell-graded Excel models (LBO, DCF, M&A)
    Correlation engine — connects your flashcards, quizzes, live interviews & Excel models to flag the concepts you don't know before the interview
    4,000 credits / month
    Most Popular

    Pro

    For recruits who want an ex-banker in their corner.

    $70/mo
    7-day free trial · Cancel anytime
    Everything in Starter
    Unlimited live AI mock interviews
    1:1 email access to an ex-investment banker — 24/7
    Networking CRM (beta)
    10,000 credits / month
    Secure payment Instant access

    Choose Your Path. Master It.

    Each module builds on the last. Quizzes lock in understanding.

    Investment Banking Path
    Goldman SachsMorgan StanleyJ.P. MorganEvercoreLazard
    6
    Modules
    20
    Sections
    20
    Quizzes
    + Brainteasers & Excel

    Your Peers Are Already Prepping

    Banks are opening Summer 2027 apps now. Are you ready?

    7-day free trial Cancel anytime Secure payment
    Built by ex-IB analysts · 5,000+ questions

    Investment Banking Interview Prep: Land the Offer.

    AI-powered flashcards and mock interviews for IB, PE & HF recruiting. Practice questions from Goldman, Morgan Stanley & Blackstone.

    Or explore free tools — no signup required

    7-day free trial
    Cancel anytime

    Questions sourced from interviews at

    Goldman SachsJ.P. MorganMorgan StanleyBlackstoneKKR
    5,000+
    Questions
    IB · PE · HF · VC
    900+
    Flashcards
    IB technicals
    90+
    Quizzes
    Topic mastery

    Where IB Flash members land offers

    Goldman Sachs
    J.P. Morgan
    Morgan Stanley
    Centerview Partners
    EVERCORE
    LAZARD
    Moelis
    Jefferies
    PJT Partners
    Blackstone
    KKR
    Wells Fargo
    William Blair
    Qatalyst
    Centerbridge
    Goldman Sachs
    J.P. Morgan
    Morgan Stanley
    Centerview Partners
    EVERCORE
    LAZARD
    Moelis
    Jefferies
    PJT Partners
    Blackstone
    KKR
    Wells Fargo
    William Blair
    Qatalyst
    Centerbridge
    The Reality

    The Technical Bar Has Never Been Higher

    IB, PE, and HF roles are more competitive than ever. Traditional prep doesn't cut it anymore.

    0.9%acceptance rate

    Goldman receives 250,000 applications for 2,900 spots.

    That's lower than any Ivy League school. Generic prep and memorized answers won't separate you from thousands reading the same guides.

    1,000+questions memorized

    But can you explain the 'why' behind a single one?

    When the MD asks 'Why WACC and not cost of equity?' — you freeze. Reading answers on a PDF is fundamentally different from articulating them under pressure.

    19 moahead of start date

    Recruiting timelines accelerate every single year.

    Banks are opening Summer 2027 apps in Fall 2025. If you're studying the same way everyone else is — you're not ahead. You're behind.

    There's a better way ↓

    Our Secret Weapon

    We Know What You'll Get Wrong in Your Interview

    Our algorithm tracks 5 signals across every flashcard, quiz, model test, and mock interview — then tells you exactly where you'll stumble before an interviewer finds out.

    5 Data Signals Feed the Engine
    Flashcards4x
    Quizzes2x
    Mock Interviews2.5x
    Model Tests1.5x
    Self-Flagged1.5x
    Weakness Score: 0–100 per topic

    LBO Modeling

    critical
    82/100
    FlashcardsMissed 14x
    Quiz45%
    Interview3.2/10
    Drill LBO flashcards — focus on debt schedules

    DCF Analysis

    high
    58/100
    Flashcards7 misses
    Modeling62%
    Retake DCF model — review terminal value

    M&A Accretion

    critical
    73/100
    Interview4.1/10
    FlashcardsChronic
    Practice M&A interview questions
    In a real interview, LBO and M&A would be your biggest risks.
    See full demo
    How IB Flash Works

    Stop Memorizing. Start Understanding.

    Three capabilities that turn passive studying into active mastery — so you walk into every interview ready.

    AI-Powered Feedback

    Get scored on every answer — like a VP sitting across from you.

    Don't just check if you're right or wrong. IB Flash's AI analyzes HOW you explain — your structure, your depth, your gaps. The same feedback a senior banker would give you, instantly.

    Scores your explanation 1–10 with specific feedback
    Catches gaps you don't know you have
    Tells you exactly what to improve before the interview
    Your AnswerGoldman Sachs · DCF

    "A DCF values a company by projecting its future free cash flows and discounting them back to present value using WACC..."

    AI Feedback8.5 / 10
    Strong on FCF projection methodology
    Good WACC component breakdown
    !
    Add: terminal value sensitivity to growth rate
    !
    Mention: why DCF over trading comps in this context
    ValuationCard 7 of 24

    Why might you use EV/EBITDA over P/E?

    Think about it, then tap to check your understanding...

    Next reviewSpaced repetition: 2 days
    Hard
    Good
    Easy
    Active Recall Training

    Explain it out loud. That's what interviews actually test.

    Reading an answer on a PDF is not the same as articulating it under pressure. Our spaced repetition system resurfaces concepts right before you forget them — building real, lasting understanding.

    Spaced repetition optimized for finance concepts
    Forces articulation, not just recognition
    Adapts to your weak areas automatically
    Role-Specific Paths

    Your role. Your syllabus. Zero wasted time.

    PE interviews don't ask the same questions as IB. HF interviews test different skills than both. Pick your target role and every question, every drill, and every feedback loop is customized.

    IB: DCF, comps, precedents, M&A, accretion/dilution
    PE: LBO mechanics, returns, deal structuring, co-invest
    HF: Public valuation, catalysts, pitch frameworks
    Investment BankingActive
    DCF AnalysisTrading CompsM&A MechanicsAccretion/Dilution
    72%
    Private Equity142 questions
    Hedge Fund98 questions
    Platform Features

    Experience Real Interview Prep

    Practice the exact questions Goldman MDs ask. Get instant AI feedback. Know when you're ready.

    IB Flash v2.0
    Flashcard — Question
    FlagF
    Question
    Walk me through an LBO model.
    Tap to reveal answer
    Review
    Got it!
    Real questions from Goldman, JPM & more
    Instant, detailed feedback
    Concept gap analysis
    Behavioral & Technical tracks
    78+ Model Tests

    Cell-by-Cell Model Grading

    Build real DCF, LBO, and M&A models in an interactive spreadsheet. Every cell is graded — values and formulas — with instant feedback.

    DCF_Model_GoldmanSachs.xlsx
    Cell
    Label
    Your Answer
    Correct
    Formula
    Pts
    Result
    C4
    Revenue Growth
    8.5%
    •••
    •••
    C5
    EBITDA
    $142M
    •••
    •••
    C6
    D&A
    $18M
    •••
    •••
    C7
    EBIT
    $124M
    •••
    •••
    C8
    Tax Rate
    25%
    •••
    •••
    C9
    UFCF
    $89M
    •••
    •••
    C10
    WACC
    10.2%
    •••
    •••
    C11
    Terminal Value
    $1,240M
    •••
    •••
    C12
    Enterprise Value
    $1,089M
    •••
    •••
    DCF Templates
    LBO Templates
    M&A Templates
    3-Statement Templates
    Comps Templates
    AI Mock Interview

    Real-Time AI Interview Scoring

    Practice with webcam + voice. The AI asks follow-ups based on your answers, then scores every response 1-10 with specific feedback.

    Mock Interview — Goldman Sachs TMT
    Q1 of 5
    Speak or type your answer...

    Scores appear after you answer...

    Deep Analytics

    Know Exactly Where You Stand

    Track mastery across every module, quiz, interview, and model test. See trends, find gaps, optimize study time.

    Interview Readiness
    0%Ready

    Top 15% of all users this month

    0
    Cards Mastered
    0
    Study Time
    0
    Accuracy
    0
    Day Streak
    Weekly Activity
    Cards reviewed per day
    +23%
    M
    T
    W
    T
    F
    S
    S
    Accuracy trending up +5% this week
    12 cards due for review today
    3 frequently missed cards flagged
    Module Mastery
    IB Learning Path — 7 modules
    Accounting
    100%
    Valuation
    82%
    DCF Deep Dive
    65%
    M&A
    Focus48%
    LBO
    Focus31%
    Brainteasers
    72%
    Overall Progress
    0%
    Your Transformation

    From 32% to 91% in 3 Weeks

    Here's what a typical user's journey looks like — the algorithm adapts every day to keep you on the fastest path to offer-ready.

    32%
    Week 1

    Diagnostic & Foundation

    Readiness diagnostic identifies 6 weak areas
    Weakness engine flags LBO & DCF as critical
    Start Accounting + Valuation modules
    First model test: 42% (lots of formula errors)
    64%
    Week 2

    Targeted Practice

    Algorithm shifts focus to LBO + M&A modules
    3 mock interviews — scores improve 4.2→6.8
    DCF model test retake: 78% (+36% improvement)
    Chronic flashcard misses drop from 14 to 4
    91%
    Week 3

    Interview Ready

    All modules above 70% mastery
    Mock interview average: 8.4/10
    0 chronic flashcard misses remaining
    Model test average: 88% — Goldman-ready
    Average user reaches 85%+ readiness in 18 days
    Start Your Journey
    from $40/mo Cancel anytime 7-day free trial
    How It Works

    Interview-Ready in 3 Steps

    No fluff. No 200-hour courses. Just focused, AI-powered prep that gets you from nervous to confident.

    01

    Choose Your Path

    Select IB, PE, or HF. We customize every question, every drill, and every feedback loop to your target role and interview format.

    02

    Train Like It's Real

    Practice with AI-scored technical questions from real superdays. Get instant feedback on YOUR explanations — not just right or wrong, but how to improve.

    03

    Walk In Ready

    Track your readiness score across 15+ topics. Know exactly where you stand, where your gaps are, and when you're ready to nail the interview.

    Average time from signup to interview-ready: 3 weeks

    Why trust us

    Built by Founders who've been through it.

    We'll let students speak once our first cohort lands offers. Until then, here's exactly what you're getting — and who built it.

    Built by the Founders

    Made by Founders who recruited into and worked in IB, PE & HF — not a faceless content mill. The questions are the ones they and their interviewers actually used on superdays.

    The whole prep stack

    Thousands of real interview questions, live AI mock interviews, cell-graded Excel models (LBO, DCF, M&A), and a correlation engine that flags the exact concepts you haven't locked — across IB, PE, HF, VC & Consulting.

    Join the founding cohort

    We're onboarding our first cohort now. Land your offer with IB Flash and we'll feature your story — plus a free year of Pro.

    contact@ibflash.com →
    Pricing

    Priced like a coffee. Built for the offer.

    First-year all-in comp: $160K+. You invest from $40/mo — and walk into the interview already knowing the exact concepts you haven't locked.

    Starter

    Everything you need to start prepping seriously.

    $40/mo
    7-day free trial · Cancel anytime
    • 5,700+ flashcards & 1,200+ questions — sourced from real superdays and vetted by bankers
    • Live AI mock interviews — banker-built grading & feedback
    • 90+ cell-graded Excel models (LBO, DCF, M&A)
    • Correlation engine — connects your flashcards, quizzes, live interviews & Excel models to flag the concepts you don't know before the interview
    • 4,000 credits / month
    Most Popular

    Pro

    For recruits who want an ex-banker in their corner.

    $70/mo
    7-day free trial · Cancel anytime
    • Everything in Starter
    • Unlimited live AI mock interviews
    • 1:1 email access to an ex-investment banker — 24/7
    • Networking CRM (beta)
    • 10,000 credits / month

    7-day free trial · Cancel anytime · Secure payment

    What You'll Master

    Choose Your Path. Master Every Topic.

    Real questions from real banks. Every section, subsection, and quiz — organized by role and difficulty.

    Investment Banking Path
    7 modules · 234+ questions · Quizzes on every section
    Goldman SachsMorgan StanleyJ.P. MorganEvercoreLazard
    234+
    Questions
    7
    Modules
    21
    Sections
    19
    Quizzes
    Start Investment Banking Prep

    Your Peers Are Already Prepping

    Banks are opening Summer 2027 apps now. Every day you wait is a day your competition gets sharper. Are you ready?

    7-day free trialCancel anytimeSecure payment