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Enterprise · IB Analyst Interview Guide

How to Pass the Barclays IB Analyst Interview in 2026

The Barclays DNA (TL;DR)

Barclays values candidates who demonstrate strong analytical rigor and a pragmatic approach to problem-solving, particularly in navigating complex financial markets and regulatory environments. They seek individuals who can translate abstract concepts into actionable strategies and communicate them clearly and concisely.

The Barclays 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 Barclays interview outcomes, avoid these common traps:

  • Focusing solely on compensation or prestige without demonstrating genuine interest in the work.
  • Inability to explain how net income flows from the income statement to retained earnings on the balance sheet.
  • Failing to provide specific reasons or supporting data.
  • Providing a superficial summary of the deal without critical analysis.

Test Yourself: Real Barclays Questions

Three real prompts pulled from our database.

Type · Firm Specific

Barclays recently advised on [specific recent deal, e.g., a tech IPO or a large cross-border acquisition]. What are your thoughts on this transaction and Barclays's role in it?

Type · Market Trends

What is a recent M&A deal (within the last 6-12 months) that you found interesting, and why?

Type · Teamwork

Tell me about a time you had to work with a difficult team member. How did you handle the situation, and what was the outcome?

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Barclays Interview Question Bank

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

9 of 15 questions shown

1

Recruiter Screen

1
  1. 1

    Type · Motivation

    Why are you interested in investment banking, and specifically at Barclays?
2

Technical Screen

3
  1. 2

    Type · Valuation

    Walk me through a DCF analysis.
  2. 3

    Type · Valuation

    What are the different ways to value a company?
  3. + 1 more questions in this round (sign up to unlock)
3

Market Knowledge

3
  1. 4

    Type · Market Trends

    What is a recent M&A deal (within the last 6-12 months) that you found interesting, and why?
  2. 5

    Type · Market Trends

    What are your thoughts on the current macroeconomic environment and its potential impact on investment banking activity?
  3. + 1 more questions in this round (sign up to unlock)
4

Superday

3
  1. 6

    Type · Technical

    Imagine a company is considering acquiring another. How would you approach valuing the target company, and what are the key considerations for the acquirer?
  2. 7

    Type · Technical

    Explain the concept of Enterprise Value and Equity Value, and how they relate to each other.
  3. + 1 more questions in this round (sign up to unlock)
5

Behavioral / Leadership

5
  1. 8

    Type · Behavioral

    Tell me about a time you had to work with a stakeholder from a non-technical background (e.g., business analyst, product manager) to deliver a technical solution. How did you ensure clear communication and alignment?
  2. 9

    Type · Behavioral

    Tell me about a time you disagreed with a decision made by your team or manager. How did you approach the situation, and what was the outcome?
  3. + 3 more questions in this round (sign up to unlock)

Unlock the full Barclays question bank

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Interview tracks at Barclays

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

For IB Analysts, this translates to a deep understanding of financial modeling, valuation techniques, and deal structuring. Interviewers will probe your ability to dissect company financials, assess market trends, and articulate investment theses with a focus on risk assessment and return potential in M&A and capital markets.

Firm Specific

Barclays recently advised on [specific recent deal, e.g., a tech IPO or a large cross-border acquisition]. What are your thoughts on this transaction and Barclays's role in it?

Market Trends

What is a recent M&A deal (within the last 6-12 months) that you found interesting, and why?

+ 1 more

Unlock the IB Analyst grading rubric for Barclays

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Compare Barclays with other tech interviews

Same DNA, different bar. Browse the closest companies in our database and see how their loops differ.

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