Soreno
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The #1 AI InterviewPlatform for Private Equity

Realistic paper LBO, deal and fit mock interviews for private equity, graded instantly. Start your free week with full feedback.

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A live Soreno technical interview: the AI interviewer asks you to walk through a DCF, you answer out loud, then see your score and a model answer
“Soreno quoted the exact moment my answer went vague, then gave me the line I should have said next.”
— Rachel K. · Soreno candidate

11,900+ applicants accepted at top firms, with over 1.2 million minutes of practice completed.

Bain & Company
McKinsey & Company
BCG
Blackstone
KKR
Oliver Wyman
EY
AlixPartners
Bain Capital
Accenture
Deloitte
KPMG
Kearney
Roland Berger
How it works

From your first lesson to your offer

Tell us your interviews. We build your day-by-day plan, teach you the technicals from zero, run live mocks that follow up on your reasoning and show you exactly what to fix.

  1. 1

    A plan built just for you

    Tell us your banks and interview dates. We map out every day until your interview.

    • Your bank's format

      Technicals + fit

    • About 30 min a day

      Set by your hours

    Goldman SachsTechnicals + fitNov 10

    Goldman Sachs is in 13 days

    About 30 minutes a day

    • LearnStarts todayZero to Hero: the technicals, one short lesson at a time · 7 days
    • Practice3 daysQuestions out loud, your weakest types first
    • Rehearse3 daysMocks in your bank's format: technicals and fit
  2. 2

    We teach you everything

    Our Zero to Hero course: short lessons from accounting and the three statements to valuation, deals and your fit answers.

    • Short lessons

      4 to 5 min each

    • 5 stages

      From zero to your first technical

    “Soreno caught that I was getting depreciation wrong across the three statements. Glad I found that out in a mock.”
    Sophie L. · Morgan Stanley IBD summer analyst

    Zero to Hero

    Finance interviews

    8 of 22 steps

    1. Accounting
    2. Statements
    3. Valuation
    4. Deals
    5. Fit

    Valuation

    3 of 6
    • Comparable companies4 min
    • Precedent transactions4 min

    NextWalk me through a DCF · 5 min

    Start
    Y1
    Y2
    Y3
    Y4
    Y5
    Terminal
    =
    Enterprise valueat WACC

    Up next: Deals and markets, then the fit interview.

  3. 3

    Unlimited mock interviews with an AI interviewer

    A real-time, out-loud technical interview that pushes back with follow-ups, so you can explain it, not just memorize it.

    • A technical question in about 5 minutes
    • Follow-ups on your reasoning, never the answer
    • Accounting, valuation and deal drills in 10 to 20 minutes
    “I didn't have many people to practice with at uni. Being able to do a mock whenever I had time helped a lot.”
    Olivia H. · Moelis summer analyst offer

    Goldman Sachsmock

    AI interviewer playing a Goldman MD

    Technical
    A banker interviewer asking a technical question on a video call

    Interviewer

    Depreciation goes up by $10. Walk me through the three statements.

    Net income falls $6 at a 40% tax rate. Add back the $10, so cash is up $4. PP&E is down $10 and equity is down $6.

    Follow-up: Why does cash go up when net income falls?

  4. 4

    We show you exactly how to raise your score

    A score out of 100 and your own words quoted, with what to say instead, after every mock.

    • Score out of 100

      Every mock

    • Your own words

      Quoted, with the fix

    “My 'walk me through your resume' was way too long. Hearing it back made that pretty obvious, so I kept practicing.”
    Ryan C. · Lazard full-time offer

    Walk me through a paper LBO

    Technical question · Private equity associate

    60/ 100

    What you said

    “Sure. You project the cash flows+7 Name the cash flow and discount them back+7 Add WACC and the terminal value to get the value of the company.+7 Bridge to equity value Then you compare it to the share price.”

Start practicing with Soreno today.

Start your free week: enough to get your first technical answer scored and see exactly what to fix.

Start your free weekTry 3 free mocks
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710+ LBO and finance questions, ready to practice

LBOs and returns math, accounting, valuation, DCFs and M&A: the technicals private equity interviews build on, each with a model answer. Practice any of them out loud with the AI interviewer.

  • Accounting212
  • DCF110
  • M&A106
  • Valuation103
  • LBO99
  • Enterprise value88
  • LBOEasy
    If you double your money in exactly 4 years, what is your approximate IRR?
  • AccountingMedium
    What's the difference between unlevered and levered free cash flow?
  • Deal case
    A private equity firm is considering buying a regional chain of dental clinics. How would you assess the deal?
  • ValuationMedium
    What are the most common valuation multiples, and when do you use each?
  • LBO
    Walk me through the sources and uses in an LBO.
  • Enterprise valueMedium
    Why do you subtract cash to get enterprise value, and can enterprise value be negative?
  • Fit
    Why private equity?
  • DCFMedium
    When would you not use a DCF to value a company?
  • AccountingHard
    What is a deferred tax liability, and where does it come from?
  • LBO
    What is a dividend recapitalization, and why would a private equity firm do one?
  • DCFEasy
    If days sales outstanding goes from 30 to 60, what happens to unlevered free cash flow?
  • LBOMedium
    How do you decide how much debt a company can support?
  • AccountingHard
    Goodwill from a stock acquisition is impaired by $100. Walk me through the three statements.
  • LBOEasy
    What's the difference between IRR and MOIC?
  • M&AHard
    What's the difference between an asset deal, a stock deal and a 338(h)(10) election?
  • ValuationEasy
    How do you pick comparable companies?
  • LBOEasy
    How does a private equity firm exit an investment?
  • Enterprise valueMedium
    Why is preferred stock added when you go from equity value to enterprise value?
  • M&AMedium
    Would a buyer rather pay for an acquisition with cash, debt or stock?
  • LBO
    Where do the returns in an LBO come from?
Practice them out loudRead free PE questions and answers
Features

Every detail of a real private equity interview

What you said, how you said it and the model answer, all in one place.

  • Your own words, quoted

    What you said, and what to say instead.

  • Video and delivery notes

    Body language, expression and voice, each scored.

  • A model answer for every question

    Written for your question, to compare with yours.

  • Every kind of PE question

    Paper LBOs, deal discussions, modeling and fit.

Your score

82/100

+18 since your first try

  • Structure

  • Content

  • Communication

See your first score tonight.

Walk through a paper LBO out loud, then get a score out of 100 and your own words quoted with what to say instead.

Get your first LBO scored
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Free paper LBO

Work a paper LBO, then change the inputs

Say your answer out loud first, then reveal the answer and compare.

Step 1. The deal

A fund buys a company with $50 of EBITDA at 8x. It funds the purchase with debt of 5x EBITDA and the rest in equity. The company generates $25 a year after interest, taxes and capital expenditure, and all of it repays debt. After 5 years EBITDA is $70 and the fund sells at 8x. Assume no fees, no cash on the balance sheet and no dividends.

  1. Build sources and uses and find the equity check.
  2. Find debt at exit and equity proceeds.
  3. Find the multiple of money and the annualized return.
  4. Say where the gain came from.

A practice deal in $ millions, written by Soreno.

Step 2. Change the assumptions

The follow-up an interviewer asks is what happens to the return if you are wrong. Move the sliders and predict the answer before you read it.

Exit equity
$435
Debt at exit
$125
Multiple of money
2.90x
Annualized return
23.7%

Split of the gain: $160 from EBITDA growth, $0 from multiple change, $125 from debt paydown. At the base case, exiting at 7x instead of 8x gives about 2.43x and 19.5%.

Interview questions

Private equity questions, answered

29 fit, deal, LBO and technical questions from private equity interviews, each with what the interviewer listens for and how a strong answer starts.

All 29 private equity interview questions
Side by side

How Soreno compares to other ways to prep

Guides teach you the answers and coaches cost by the hour. Soreno makes you say them out loud, pushes back like an investor and scores every answer, whenever you are ready.

FeatureSorenoA technicals guide
Technicals out loud, with follow-ups on your reasoningAI interviewerRead alone
Practice any time, day or nightSelf-paced
A score out of 100 on every answerSelf-check
Your own words quoted, with what to say insteadModel answers
A course that starts from zeroZero to Hero
A plan up to your interview dateDay by daySelf-made
Unlimited mocks on a paid planSelf-paced
PriceFree week, then $199/moAbout $100–200 once
FeatureSorenoA technicals guideA coach or coffee chatA mock with a friendChatGPT
Technicals out loud, with follow-ups on your reasoningAI interviewerRead aloneIf they know bankingOnly if you ask
Practice any time, day or nightSelf-pacedWhen they're freeWhen they're free
A score out of 100 on every answerSelf-checkAn impressionTheir notesNo set rubric
Your own words quoted, with what to say insteadModel answersSometimesVariesRewrites it for you
A course that starts from zeroZero to HeroNot the goalSelf-studyAsk as you go
A plan up to your interview dateDay by daySelf-madeAdviceSelf-madeIf you ask
Unlimited mocks on a paid planSelf-pacedPer sessionAs scheduledUnscored
PriceFree week, then $199/moAbout $100–200 once$125+ an hourFreeFree, or $20/mo
Candidate reviews

What Soreno candidates say

Interview practice, in their own words.

Jefferies

“I could walk through a deal without getting lost in the timeline. Soreno helped me practise starting with the business and the investment question, then bringing in the process details only when they mattered.”

Jonah C.

Lazard

“I knew the model, but explaining the investment out loud was harder than I expected. Practising on Soreno made me separate what drove the return from what could go wrong. I had a clearer view of my own assumptions.”

Olivia B.

Evercore

“My why PE answer sounded like a description of the job. Talking it through on Soreno helped me use a part of a deal I'd actually enjoyed and explain why I wanted more exposure to those decisions.”

Dev R.

Barclays

“I was comfortable with the numbers until I had to make a recommendation. Soreno gave me a place to practise taking a position, naming the biggest risk and explaining what would make me change my mind.”

Erin K.

RBC Capital Markets

“I used to spend so long setting up a deal example that my own work became an afterthought. Practising helped me get to the analysis I owned sooner and explain where it affected the team's thinking.”

Leo S.

Plans and Pricing

Choose your best plan

Start your free week, then choose a plan. Cancel anytime.

1 week

For a round that is days away

Unlimited mock interviews

  • = about $11 a day
  • Cases, banking technicals and fit, out loud
$79

per week

Start your free week

Billed weekly

Included at no extra cost

  • Zero to Hero courseCase or finance
  • Day-by-day prep planEach interview
  • Skill drillsUnlimited
  • Session recordingsWith feedback

Practice library

  • Full case interviews100+
  • Banking interview questions1,800+
  • Consulting fit questions100+
  • Banks with fit questions29
  • A voice AI interviewer that asks follow‑up questions
  • Exhibits and a model answer for every case
  • A score out of 100 after every mock
  • Feedback that quotes your answer, with a next-step plan
  • Filler-word and eye-contact notes on recorded sessions
  • Drills for case math, market sizing, structuring and charts
  • Consulting, banking and behavioral practice in one plan
  • Add your own practice questions

1 month

Save 42%Recommended

For steady practice across recruiting

Unlimited mock interviews

  • = about $7 a day
  • Cases, banking technicals and fit, out loud
$199vs $342 a month on Weekly

per month

Start your free week

Save $143 a month compared to weekly

Included at no extra cost

  • Zero to Hero courseCase or finance
  • Day-by-day prep planEach interview
  • Skill drillsUnlimited
  • Session recordingsWith feedback

Practice library

  • Full case interviews100+
  • Banking interview questions1,800+
  • Consulting fit questions100+
  • Banks with fit questions29
  • A voice AI interviewer that asks follow‑up questions
  • Exhibits and a model answer for every case
  • A score out of 100 after every mock
  • Feedback that quotes your answer, with a next-step plan
  • Filler-word and eye-contact notes on recorded sessions
  • Drills for case math, market sizing, structuring and charts
  • Consulting, banking and behavioral practice in one plan
  • Add your own practice questions

1 year

Save 76%BEST VALUE

For several roles, firms or rounds

Unlimited mock interviews

  • = about $2 a day
  • Cases, banking technicals and fit, out loud
$48vs $199 a month on Monthly

per month, billed $579 yearly

Start your free week

Save $1,809 compared to monthly

Included at no extra cost

  • Zero to Hero courseCase or finance
  • Day-by-day prep planEach interview
  • Skill drillsUnlimited
  • Session recordingsWith feedback

Practice library

  • Full case interviews100+
  • Banking interview questions1,800+
  • Consulting fit questions100+
  • Banks with fit questions29
  • A voice AI interviewer that asks follow‑up questions
  • Exhibits and a model answer for every case
  • A score out of 100 after every mock
  • Feedback that quotes your answer, with a next-step plan
  • Filler-word and eye-contact notes on recorded sessions
  • Drills for case math, market sizing, structuring and charts
  • Consulting, banking and behavioral practice in one plan
  • Add your own practice questions
FAQ's

Frequently Asked Questions

Everything you need to know about Soreno, answered in one place.

Yes. The free paper LBO on this page has sources and uses, debt paydown, exit proceeds, a multiple of money and an annualized return, all recomputed, plus sliders to change the exit multiple, exit EBITDA and debt repaid. It runs in your browser. The app adds spoken mocks with follow-up questions.
Paper LBOs, deal questions and fit questions out loud with an AI interviewer that changes an assumption and asks what happens to the return, plus drills like the Paper LBO Speed Round, MOIC Calculator and Returns Attribution Analysis. Every answer is scored out of 100 with your own words quoted.
Enterprise value belongs to lenders and owners together, so the fund only keeps what is left after the debt is repaid. In this deal the exit value is 560 (70 of EBITDA at 8x). Debt at exit is 125, so the fund's equity proceeds are 435. The fund put in 150 of equity, so the multiple of money is 2.90x.
Not as is. This deal has one equity check in and one payout five years later, so the multiple and the five-year return are enough. With dividends or extra equity along the way, use an IRR on the dated cash flows.
Treat it as your own analysis of a public deal: what the buyer paid, why, and what has to go right for the return. Be clear about which parts you worked on yourself.
Soreno costs $199 a month, $579 a year or $79 a week, in USD. Every plan starts with a 7-day free trial.
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Walk through your first LBO tonight

Start your free week. Your first technical takes about 5 minutes.

Start your free weekTry 3 free mocks