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Enterprise · IB Analyst Interview Guide

How to Pass the AXA IB Analyst Interview in 2026

The AXA DNA (TL;DR)

AXA values candidates who demonstrate strong analytical skills, a customer-centric mindset, and adaptability to complex financial landscapes. They look for collaborative problem-solvers aligned with their purpose of 'acting for human progress by protecting what matters'.

The AXA 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 AXA interview outcomes, avoid these common traps:

  • Confusing the components of each value (e.g., including minority interest in equity value).
  • Not considering how rising rates impact the investment portfolio backing the float and potential unrealized gains/losses.
  • Selecting comparable companies or transactions that are not truly similar in size, business mix, or geography.
  • Not accounting for the impact of Assets Under Management (AUM) growth and fee structures.

Test Yourself: Real AXA Questions

Three real prompts pulled from our database.

Type · ownership

Tell me about a time you took initiative to improve a marketing process or campaign that wasn't explicitly assigned to you. What was the situation, what did you do, and what was the result?

Type · Behavioral

Walk me through a complex financial model you built or significantly contributed to. What was the objective, what were the key assumptions, and what challenges did you face?

Type · Influence

Describe a situation where you had to influence a key decision-maker or a group of stakeholders who were initially resistant to your proposal. How did you approach it?

+ many more questions, signals, and worked examples

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AXA Interview Question Bank

A sample from our database, grouped by round. Sign up to see the full set.

9 of 22 questions shown

1

Recruiter Screen

1
  1. 1

    Type · Motivation

    Why are you interested in investment banking, and specifically at AXA, given its strong focus on insurance and asset management?
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 the main challenges in applying it to an insurance company like AXA?
  2. 3

    Type · Valuation

    How would you value AXA using comparable company analysis (Comps) and precedent transactions? What are the key multiples, 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 the key trends impacting the global insurance and asset management industries today? How might these trends affect AXA's strategy and potential M&A activity?
  2. 5

    Type · Deal Knowledge

    Can you discuss a recent significant M&A transaction involving a major insurance or asset management company (globally or in Europe)? What were the strategic rationale and key deal terms?
  3. + 1 more questions in this round (sign up to unlock)
4

Superday

4
  1. 6

    Type · Technical

    Imagine AXA is considering acquiring a smaller, specialized asset manager. Walk me through the key financial metrics and valuation considerations you would prioritize in your initial analysis.
  2. 7

    Type · Technical

    AXA's insurance business generates significant float. How does this float impact the company's financial statements and valuation, particularly in a rising interest rate environment?
  3. + 2 more questions in this round (sign up to unlock)
5

Behavioral / Leadership

11
  1. 8

    Type · Conflict Resolution

    Tell me about a time you had a significant disagreement with a stakeholder (e.g., engineering lead, marketing manager, executive) about a product decision. How did you approach the situation, and what was the outcome?
  2. 9

    Type · Influence

    Tell me about a time you had to influence a team or senior leadership to adopt your product vision or strategy when they were initially resistant. How did you build consensus?
  3. + 9 more questions in this round (sign up to unlock)

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Interview tracks at AXA

How AXA's DNA translates across functions. Pick your role.

AXA seeks strong analytical acumen, risk assessment capabilities, and a solid grasp of financial products, particularly within insurance and asset management. Expect case studies on portfolio analysis or market trends relevant to their investment strategies.

ownership

Tell me about a time you took initiative to improve a marketing process or campaign that wasn't explicitly assigned to you. What was the situation, what did you do, and what was the result?

Behavioral

Walk me through a complex financial model you built or significantly contributed to. What was the objective, what were the key assumptions, and what challenges did you face?

+ 1 more

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Compare AXA with similar employers

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