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RBC Capital Markets interview questions

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

Seats we researched

  • Summer AnalystCapital Markets · intern · 20 min

12 RBC Capital Markets interview questions

  1. Walk me through a DCF.

  2. Tell me about a time you were given feedback you disagreed with.

  3. What's the difference between enterprise value and equity value? Quick numbers: equity value of eight hundred million, three hundred of debt, a hundred of cash — what's the enterprise value?

  4. Canadian companies report under IFRS. How does lease accounting differ from US GAAP, and what does that do when you compare EBITDA multiples across a Canadian and a US company?

  5. How would you value a Canadian oil sands producer, and what's different from valuing a conventional E&P?

  6. Now a gold miner with assets at different stages — some producing, some in development, some still exploration. How would you value it?

  7. How would you think about the credit profile of a midstream company that has some take-or-pay contracts and some volumetric exposure? What would lenders focus on?

  8. Tell me about a time you had to balance competing priorities from several people who each thought theirs came first.

  9. Tell me about a time you had to adapt how you communicate to work well with someone from a very different background.

  10. Why RBC Capital Markets rather than a US bulge bracket in Toronto?

  11. Walk me through the three financial statements and how they connect.

  12. Why investment banking, and why now in your degree?

What a strong answer does

The questions above fall into 2 kinds. What a strong answer does differs by kind, not by question.

Technical7 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.
Behavioral5 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.

8 more RBC 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 RBC 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 RBC 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.