Type · Firm Knowledge

Enterprise · IB Analyst Interview Guide
How to Pass the LSEG IB Analyst Interview in 2026
The LSEG DNA (TL;DR)
The LSEG Interview Loop
Your onsite loop will typically consist of 5 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 LSEG interview outcomes, avoid these common traps:
- Failing to adjust for differences in size, growth, or profitability between the target and comparable companies.
- Not clearly articulating the problem or the initiative taken.
- Blaming the other person entirely without self-reflection.
- Focusing solely on compensation or prestige without demonstrating genuine interest in the work.
Test Yourself: Real LSEG Questions
Three real prompts pulled from our database.
Type · Leadership/Influence
Type · Technical/Valuation
+ many more questions, signals, and worked examples
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LSEG Interview Question Bank
A sample from our database, grouped by round. Sign up to see the full set.
9 of 18 questions shown
Recruiter Screen
1- 1
Type · Motivation
Why are you interested in investment banking, and specifically at LSEG?
Technical Screen
3- 2
Type · Valuation
Walk me through a DCF analysis. What are the key drivers, and how do you determine the discount rate? - 3
Type · Valuation
How would you value a company using comparable company analysis (comps)? What are the key multiples, and what adjustments might you make? - + 1 more questions in this round (sign up to unlock)
Market Knowledge
3- 4
Type · Market Trends
What are some of the key trends impacting the financial data and analytics sector, particularly relevant to LSEG's business? - 5
Type · Deal Knowledge
Can you discuss a recent M&A transaction in the financial services or data space that you found interesting? What were the key strategic rationales? - + 1 more questions in this round (sign up to unlock)
Superday
3- 6
Type · Technical/Valuation
If a company's stock price is declining, but its P/E multiple is increasing, what could be happening? - 7
Type · Technical/Accounting
What happens on the cash flow statement if inventory increases by $10 million? - + 1 more questions in this round (sign up to unlock)
Behavioral / Leadership
8- 8
Type · Conflict Resolution
Tell me about a time you had a significant disagreement with a cross-functional team member (e.g., engineering, sales, legal) about a product decision. How did you approach it, and what was the outcome? - 9
Type · Behavioral
Tell me about a time you had to work with a difficult stakeholder or team member. How did you approach the situation and what was the outcome? - + 6 more questions in this round (sign up to unlock)
Unlock the full LSEG question bank
Free signup, no credit card. You get every question + the framework, grading signals, and worked answer for each.
Interview tracks at LSEG
How LSEG's DNA translates across functions. Pick your role.
Candidates for roles requiring financial analysis at LSEG are assessed on their understanding of financial instruments, market dynamics, and data interpretation. They need to demonstrate ability to leverage LSEG's data products to provide insights for clients or internal market intelligence.
Firm Knowledge
Leadership/Influence
+ 1 more
Unlock the IB Analyst grading rubric for LSEG
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Practice LSEG interviews end-to-end
LSEG Mock Interview
Run a live mock interview with our AI interviewer using LSEG-style prompts. Get scored on structure, signal, and answer length — exactly how the real loop grades you.
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STAR Stories for LSEG Behavioral Rounds
Build a Story Bank of your past wins, mapped to the leadership signals LSEG interviewers grade on. Reuse them across every behavioral round.
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LSEG Interview Prep Hub
The frameworks behind every LSEG 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 LSEG interviewers nod instead of frown. Step-by-step playbooks with the moves and the pitfalls.
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