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BMO Capital Markets interview questions

20 questions researched across 1 BMO Capital Markets seat in Capital Markets. Below are 12 of them.

Seats we researched

  • Summer AnalystCapital Markets · intern · 20 min

12 BMO Capital Markets interview questions

  1. Walk me through the three main valuation methodologies, and tell me which one usually gives the highest valuation.

  2. Why would two companies in the same sector trade at different EV/EBITDA multiples?

  3. Tell me about the hardest piece of work you have delivered under time pressure.

  4. Quick calculation. Depreciation goes up by ten dollars and the tax rate is twenty-five percent. Walk me through what happens on all three statements.

  5. How do you calculate WACC, and what happens to it if the company swaps some equity for more debt?

  6. Pitch me a stock. Give me the thesis, how you'd value it, and what would make you wrong.

  7. Our real estate team gets this one a lot: walk me through how you'd value a real estate asset.

  8. Why BMO Capital Markets?

  9. Walk me through a discounted cash flow.

  10. Tell us about a time you had to influence someone without authority.

  11. What is a comparable-company analysis actually telling you, and what is it not?

  12. How do you treat operating leases in enterprise value today?

What a strong answer does

The questions above fall into 3 kinds. What a strong answer does differs by kind, not by question.

Technical8 of 12 above
State the intuition first; walk through the mechanics; make assumptions explicit; test a risk or edge case; connect the answer to the role.
Behavioral3 of 12 above
Lead with the claim and context; isolate your personal action and decision; explain the trade-off; quantify the result; finish with what you learned and changed.
Market1 of 12 above
State a view; support it with evidence and a catalyst; explain valuation or transmission; give the strongest countercase; name the risk that would change your mind.

8 more BMO Capital Markets questions

The rest of the bank — 20 in total — is asked by the interviewer during practice, so you meet them the way you would on the day rather than reading them first.

Practise BMO Capital Markets questions

How these questions were researched

Every question carries a provenance grade. Some were reported by candidates who sat the round, some come from the firm’s own published guidance or a source that trains for it, and the rest are written to match how this firm asks. Each seat is studied on its own — the round it actually runs, the order it runs it in, and what it is listening for. A BMO Capital Markets round is not a generic behavioural screen, and practising one as the other is how people walk in unprepared.

Falas is not affiliated with or endorsed by any employer named. Simulations are independent practice based on publicly described recruiting formats.