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Enterprise · IB Analyst Interview Guide

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Interview language: English

How to Pass the ING IB Analyst Interview in 2026

The ING DNA (TL;DR)

ING values a strong sense of ownership and a pragmatic, results-oriented approach to problem-solving. They look for candidates who can demonstrate a clear understanding of business impact and can articulate how their technical contributions drive value for the company and its customers.

The ING 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 ING interview outcomes, avoid these common traps:

  • Not mentioning any specific aspects of ING's IB business or European focus.
  • Incorrectly adding or subtracting items like cash, debt, or preferred stock.
  • Describing a situation without explaining their specific actions or thought process.
  • Focusing excessively on the negative aspects without demonstrating learning or recovery.

Test Yourself: Real ING Questions

Three real prompts pulled from our database.

Type · Valuation

Explain the difference between Enterprise Value and Equity Value. When would you use one over the other?

Type · Teamwork

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

Type · Market Trends

How has the current macroeconomic environment (e.g., inflation, interest rates, geopolitical risks) impacted deal activity and valuations in the European market?

+ many more questions, signals, and worked examples

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ING Interview Question Bank

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

9 of 13 questions shown

1

Recruiter Screen

1
  1. 1

    Type · Motivation

    Why are you interested in Investment Banking at ING specifically, given our focus on European markets and specific industry strengths?
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 drivers of value?
  2. 3

    Type · Valuation

    How would you value a company using Comparable Company Analysis (Comps)? What are the common multiples used, and what are their pros and cons?
  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 recent M&A deals in the European financial services sector, and what were the key strategic rationales behind them?
  2. 5

    Type · Market Trends

    How has the current macroeconomic environment (e.g., inflation, interest rates, geopolitical risks) impacted deal activity and valuations in the European market?
  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 assess the potential impact of this acquisition on the acquiring company's financial statements, particularly EPS accretion/dilution?
  2. 7

    Type · Technical

    Walk me through the three financial statements (Income Statement, Balance Sheet, Cash Flow Statement) and how they link together.
  3. + 1 more questions in this round (sign up to unlock)
5

Behavioral / Leadership

3
  1. 8

    Type · Teamwork

    Tell me about a time you had to work with a difficult team member. How did you approach the situation, and what was the outcome?
  2. 9

    Type · Ownership

    Describe a situation where you took initiative or ownership of a project or task that went beyond your defined responsibilities. What motivated you, and what did you achieve?
  3. + 1 more questions in this round (sign up to unlock)

Unlock all 13 ING questions, free

No credit card. Every question with its framework, the grading signals interviewers score against, and a worked answer for each.

Unlock all 13 ING questions

Interview tracks at ING

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

Compare ING with similar employers

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

Practice ING interviews end-to-end

Sample answers

What a strong answer to these ING interview questions shows.

Explain the difference between Enterprise Value and Equity Value. When would you use one over the other?

A strong answer shows: Clear grasp of fundamental valuation concepts; Ability to differentiate between financial metrics; Understanding of capital structure implications.

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

A strong answer shows: Interpersonal skills; Conflict resolution ability; Teamwork orientation; Professional maturity.

Frequently asked questions

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