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Enterprise · IB Analyst Interview Guide

How to Pass the Aon IB Analyst Interview in 2026

The Aon DNA (TL;DR)

Aon values strong analytical and problem-solving skills, especially in risk assessment and data interpretation. They look for candidates who demonstrate client focus, effective communication, and a collaborative mindset, aligning with their professional services culture.

The Aon Interview Loop

Your onsite loop will typically consist of 4 rounds.

  1. 1

    Round 1

    Recruiter Screen
    Motivation, fit, GPA, deal interest.
  2. 2

    Round 2

    Technical Screen
    Accounting, valuation (DCF, comps, precedent transactions), enterprise vs equity value.
  3. 3

    Round 3

    Market Knowledge
    Recent deals, market events, sector outlook, why this firm.
  4. 4

    Round 4

    Superday
    Multiple back-to-back interviews with MDs/VPs covering technical + behavioral + fit.
  5. 5

    Round 5

    Behavioral / Leadership
    Past 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 · 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?

Type · Behavioral/Fit

Describe a time you had to work on a project with a tight deadline and limited resources. How did you prioritize tasks and manage your time effectively?

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?

+ 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

1

Recruiter Screen

1
  1. 1

    Type · Motivation

    Why are you interested in investment banking, and specifically why Aon's finance advisory practice?
2

Technical Screen

3
  1. 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?
  2. 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?
  3. + 1 more questions in this round (sign up to unlock)
3

Market Knowledge

3
  1. 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?
  2. 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?
  3. + 1 more questions in this round (sign up to unlock)
4

Superday

3
  1. 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?
  2. 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?
  3. + 1 more questions in this round (sign up to unlock)
5

Behavioral / Leadership

9
  1. 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.
  2. 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?
  3. + 7 more questions in this round (sign up to unlock)

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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

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?

Behavioral/Fit

Describe a time you had to work on a project with a tight deadline and limited resources. How did you prioritize tasks and manage your time effectively?

+ 1 more

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