Failed IBD exam twice — what finally worked for my third attempt

by Preethi N. 8 views3 replies
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Preethi N.OP
May 27, 2026

I've been trying to pass the IBD (Investment Banking Deal) certification for almost a year now and honestly I was starting to think it just wasn't for me. First attempt I went in underprepared, scored a 61 when I needed a 72. Second time I studied harder but crammed the wrong stuff — spent way too much time on accounting basics when the exam is way heavier on valuation and deal structuring than I expected.

What turned things around for me was finding a decent IBD practice test that actually matched the real question style. Once I could see where my gaps were, I built a proper study guide around those weak spots instead of just rereading textbooks. Took me about 6 weeks of focused prep, maybe 90 minutes a night.

Anyone else here been through multiple attempts? I sit for my third in three weeks and I'm feeling cautiously optimistic. Would love to hear what exam tips worked for you — especially around the capital markets section, that one still trips me up.

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Nicole F.
May 28, 2026
The capital markets section killed me too on my first try. What helped was focusing on how deal structures change based on market conditions — they love situational questions where you have to pick the right instrument. Also, don't skip the regulatory stuff even though it feels dry. I probably had 8-10 questions on disclosure requirements alone. You've got this, three weeks is plenty of time if you're already close.
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lisa.prep
May 28, 2026
Failed once myself before passing on attempt two. The shift in mindset that helped me: treat every practice question as a diagnostic, not a test. When you get something wrong, actually trace back WHY, not just what the right answer was. Good luck on attempt three — sounds like you've done the real work this time.
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Kevin O.
May 28, 2026
Honestly the biggest exam tip I can give is to stop studying topics in isolation. The IBD exam loves to combine concepts — like you'll get a DCF question that also tests your knowledge of comparable company analysis at the same time. Once I started practicing multi-concept questions my score jumped almost 10 points. What practice resources are you using? Some of the free stuff online has really outdated question formats that don't reflect the current exam at all.

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