Type · Past Experience

Enterprise · IB Analyst Interview Guide
How to Pass the Aon IB Analyst Interview in 2026
The Aon DNA (TL;DR)
The Aon Interview Loop
Your onsite loop will typically consist of 4 rounds.
- 1
Round 1
Recruiter ScreenMotivation, fit, GPA, deal interest. - 2
Round 2
Technical ScreenAccounting, valuation (DCF, comps, precedent transactions), enterprise vs equity value. - 3
Round 3
Market KnowledgeRecent deals, market events, sector outlook, why this firm. - 4
Round 4
SuperdayMultiple back-to-back interviews with MDs/VPs covering technical + behavioral + fit. - 5
Round 5
Behavioral / LeadershipPast evidence of ownership, influence, resolving conflict.
The Danger Zone: Top Reasons Candidates Fail
Based on our database of Aon interview outcomes, avoid these common traps:
- Focusing solely on compensation or prestige without demonstrating genuine interest in the work.
- Focusing only on winning the argument rather than finding a collaborative solution.
- Confusing the components of each (e.g., including minority interest in Enterprise Value).
- Describing a situation that was easily resolved without demonstrating significant effort or skill.
Test Yourself: Real Aon Questions
Three real prompts pulled from our database.
Type · Behavioral/Fit
Type · Valuation
+ many more questions, signals, and worked examples
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Aon Interview Question Bank
A sample from our database, grouped by round. Sign up to see the full set.
9 of 19 questions shown
Recruiter Screen
1- 1
Type · Motivation
Why are you interested in investment banking, and specifically why Aon's finance advisory practice?
Technical Screen
3- 2
Type · Valuation
Walk me through a Discounted Cash Flow (DCF) analysis. What are the key components, and what are common pitfalls in projecting free cash flows? - 3
Type · Valuation
How would you value a company using Comparable Company Analysis (Comps)? What are the most important multiples to consider, and what adjustments might be necessary? - + 1 more questions in this round (sign up to unlock)
Market Knowledge
3- 4
Type · Market Trends
What are some of the most significant trends you've observed in the insurance brokerage or broader financial services M&A market recently? How might these impact Aon's advisory business? - 5
Type · Deal Knowledge
Can you discuss a recent M&A transaction (within the last 6-12 months) that you found particularly interesting? What were the key drivers, and what was Aon's potential role? - + 1 more questions in this round (sign up to unlock)
Superday
3- 6
Type · Technical
Imagine Aon is advising a client on acquiring a mid-sized technology company. What are the key financial metrics and strategic considerations you would focus on during the due diligence process? - 7
Type · Technical
If a company has negative EBITDA, how would you approach valuing it using multiples? What alternative valuation methods might be more appropriate? - + 1 more questions in this round (sign up to unlock)
Behavioral / Leadership
9- 8
Type · Past Experience
Tell me about a time you had to influence a senior stakeholder or a cross-functional team to adopt your product vision or strategy when they were initially resistant. - 9
Type · Past Experience
Tell me about a time you had to make a difficult trade-off in a project due to resource constraints or competing priorities. How did you make the decision, and what was the outcome? - + 7 more questions in this round (sign up to unlock)
Unlock the full Aon question bank
Free signup, no credit card. You get every question + the framework, grading signals, and worked answer for each.
Interview tracks at Aon
How Aon's DNA translates across functions. Pick your role.
For financial advisory roles, Aon seeks strong quantitative skills, financial modeling proficiency, and an understanding of capital markets. Candidates must also demonstrate client communication abilities and a keen eye for risk management in transactions.
Past Experience
Behavioral/Fit
+ 1 more
Unlock the IB Analyst grading rubric for Aon
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Practice Aon interviews end-to-end
Aon Mock Interview
Run a live mock interview with our AI interviewer using Aon-style prompts. Get scored on structure, signal, and answer length — exactly how the real loop grades you.
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STAR Stories for Aon Behavioral Rounds
Build a Story Bank of your past wins, mapped to the leadership signals Aon interviewers grade on. Reuse them across every behavioral round.
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Aon Interview Prep Hub
The frameworks behind every Aon round: CIRCLES for product sense, hypothesis-driven debugging for analytical, STAR for behavioral. Learn each one in 10 minutes.
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Interview Frameworks
CIRCLES, STAR, AARRR, RICE, MECE. The exact frameworks that make Aon interviewers nod instead of frown. Step-by-step playbooks with the moves and the pitfalls.
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