Internia

RBC Capital Markets Interview Experiences

Sales & Trading Analyst

Toronto, ON

Winter 2026No Offer

University of Waterloo · Mathematical Finance

3rd year · 3.3-3.6 GPA · 1 past internship

Hard Interview

TechnicalUnexpected QuestionsVirtual

Blanked on a brainteaser and that was that. Recruiter call then zoom with a trader, markets questions were fine

Questions Asked

  1. 1.“What is EBITDA and why do investment bankers use it?”
  2. 2.“If depreciation increases by $10 how does that flow through all three financial statements?”

Investment Banking Analyst

Toronto, ON

Winter 2026Accepted

McGill University · Commerce

3rd year · 3.3-3.6 GPA · 3 past internships

Average Interview

Multiple roundsTechnicalFast processVirtual

Short behavioral first round. Superday was three sessions, comps analysis and fit. Accepted same day

Questions Asked

  1. 1.“What's a comparable companies analysis and what multiples would you use?”

Investment Banking Analyst

Toronto, ON

Summer 2026Declined Offer

Queen's University · Commerce

3rd year · 3.7+ GPA · 2 past internships

Hard Interview

Multiple roundsTechnicalFast process

Superday was three 30 minute sessions, all solid. Offer came a week later but I'd already accepted at another Canadian bank. Don't sit on IB offers, they expire fast.

Questions Asked

  1. 1.“Whats the debt capacity of a company and how do you estimate it?”

Investment Banking Analyst

Toronto, ON

Summer 2026No Offer

Western University · Ivey HBA

5th year · 2.5-2.8 GPA · 3 past internships

Hard Interview

Multiple roundsTechnicalStressfulIn-Person

Superday was six interviews consecutive at their Bay Street office starting around 8am. First two were fit focused then the middle ones went technical, WACC calculation and enterprise value bridges. Fifth interview was with an MD who wanted a stock pitch in about 10 minutes with no prep time and I gave him something on a CPG company he seemed lukewarm about. Sixth one was basically a formality. Exhausting day

Questions Asked

  1. 1.“Whats the difference between MOIC and IRR?”
  2. 2.“Walk me through a precedent transactions analysis”
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