Type · Past Experience

Enterprise · IB Analyst Interview Guide
Applies via WorkdayHow to Pass the Aon IB Analyst Interview in 2026
The Aon DNA (TL;DR)
The Aon Interview Loop
Your onsite loop will typically consist of 4 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 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 · Behavioral/Fit
Type · Valuation
+ 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
Recruiter Screen
1- 1
Type · Motivation
Why are you interested in investment banking, and specifically why Aon's finance advisory practice?
Technical Screen
3- 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? - 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? - + 1 more questions in this round (sign up to unlock)
Market Knowledge
3- 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? - 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? - + 1 more questions in this round (sign up to unlock)
Superday
3- 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? - 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? - + 1 more questions in this round (sign up to unlock)
Behavioral / Leadership
9- 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. - 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? - + 7 more questions in this round (sign up to unlock)
Unlock the full Aon question bank
Free signup, no credit card. You get every question + the framework, grading signals, and worked answer for each.
Interview tracks at Aon
How Aon's DNA translates across functions. Pick your role.
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Practice Aon interviews end-to-end
Aon Mock Interview
Run a live mock interview with our AI interviewer using Aon-style prompts. Get scored on structure, signal, and answer length — exactly how the real loop grades you.
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STAR Stories for Aon Behavioral Rounds
Build a Story Bank of your past wins, mapped to the leadership signals Aon interviewers grade on. Reuse them across every behavioral round.
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Aon Interview Prep Hub
The frameworks behind every Aon 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 Aon interviewers nod instead of frown. Step-by-step playbooks with the moves and the pitfalls.
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