TD Securities interview questions
20 questions researched across 1 TD Securities seat in Investment Banking. Below are 12 of them.
Seats we researched
- Summer AnalystInvestment Banking · intern · 20 min
12 TD Securities interview questions
Tell me about a recent event in the market that you found interesting.
What is the difference between a product group and an industry group?
Which items in a DCF are affected if the tax rate changes?
When can a company have a negative enterprise value, and what does that tell you?
Why would a company choose debt financing over equity financing?
How do you value a company with negative earnings?
Walk me through an LBO at a high level.
What is the difference between enterprise value and equity value, and when does the gap matter most?
Tell me about a mistake that reached someone else.
What M&A trend in Canada have you been following, and which sector do you think sees the most activity over the next year?
Why TD Securities, and why this group?
Walk me through what happens to the three statements when depreciation rises by $10.
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.
- Market2 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.
- Behavioral2 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 TD Securities 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 TD Securities questionsHow 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 TD Securities 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.