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LionTree interview questions
Superday Room's question bank has 36 questions that candidates reported from LionTree interviews, from recruiting for summer analyst classes of 2026 to 2027. 0% of them are behavioral; the technical questions are led by valuation (9), technology banking (6) and enterprise and equity value (5).
What do LionTree interviews cover?
Valuation leads the technical questions candidates reported from LionTree interviews (9 of 36), and 0% of all of them were behavioral. By topic:
| Topic | Questions | Share |
|---|---|---|
| Valuation | 9 | 25% |
| Technology banking | 6 | 17% |
| Enterprise and equity value | 5 | 14% |
| Merger models (M&A) | 4 | 11% |
| Accounting | 3 | 8% |
| DCF | 3 | 8% |
| LBOs | 3 | 8% |
| Other topics | 3 | 8% |
Where candidates named the round, they reported 4 from first rounds. The rest didn't say.
What questions have candidates reported from LionTree interviews?
Three of the 36, each labeled with the round when the candidate named it:
- Would you rather have $100 in inventory or $100 in receivables? SA 2026
- How would you explain Enterprise Value to a 10-year-old, and what's the formula? SA 2026
- A company's EV/EBITDA multiple decreases from 10x to 9x. What does that mean, and what if it increases from 10x to 11x instead? First round · SA 2027
Practice all 36 out loud in Superday Room, with an answer key for each: they're part of the Recruiting Season Pass. See LionTree's questions in the app →
What does LionTree do?
It's an investment and merchant bank founded in 2012 that works with companies in technology, media, telecom and consumer industries. Its 2028 US Advisory Summer Analyst program runs 11 weeks and is for students who will be rising seniors in summer 2028 (Extern's LionTree guide, read November 2, 2026). Expect questions on media and technology companies alongside the standard technicals.
When does LionTree recruit?
LionTree posted its 2028 US Advisory Summer Analyst roles in New York and San Francisco on October 9, 2026, with no deadline stated, according to Extern's LionTree guide (read November 2, 2026). The full 2026–27 timeline →
Most banks start with a first round, often a recorded video interview, before the superday: see HireVue interviews and what a superday is.
How should you prepare for LionTree interviews?
Start with the topics that come up most in LionTree's reported questions. Each link has free questions with short answers:
Superday Room isn't affiliated with LionTree or any bank. These questions were reported by candidates after their interviews; LionTree hasn't reviewed or confirmed them. Firm names are used only to say where questions were reported.
Frequently asked questions
- What does LionTree ask in investment banking interviews?
- Superday Room's question bank has 36 questions that candidates reported from LionTree interviews, from recruiting for summer analyst classes of 2026 to 2027. 0% of them are behavioral; the technical questions are led by valuation (9), technology banking (6) and enterprise and equity value (5).
Sources
- Superday Room, “Superday Room question bank: questions tagged by the firm and interview round candidates reported”, counted October 29, 2026.
- Extern, “LionTree internship guide”, updated November 2026; read November 2, 2026.