Features

Everything you need to
actually get the offer.

Not a static question bank. A system that grades you, adapts to you, and tells you exactly what to fix next.

AI grading, not flashcards

Type or speak your real answer — the same way you would across the desk. ApexIB scores you 0–100 against a rubric built from how bankers actually grade, with specific feedback on what's strong, what's missing, and the exact concept gap to drill next.

DCF · Terminal Value
Graded answer
88/100
Question
Walk me through how you'd calculate terminal value using the Gordon Growth Method.
Your answer
"TV equals next year's free cash flow divided by WACC minus the growth rate. So it's FCF times one plus g, over WACC minus g — this captures all cash flows beyond the forecast period..."
Correct formula and clean logic on the growth assumption
Correctly framed it as capturing cash flows beyond the forecast window
Never stated the WACC > g constraint required for the formula to hold
Didn't mention exit multiple as a sanity check against the growth method
Drill this weak spot next
DCF · Terminal Value
"What growth rate would you use for a mature industrial business, and why..."
Weak-Spot Tracker
M&A · Subtopics
Accretion / Dilution41%
Synergies58%
Deal Structure74%
Gap concentrated in Accretion / Dilution — missed the cash vs. stock deal math in 4 of your last 6 attempts.

Adaptive review, subtopic by subtopic

ApexIB doesn't just track "M&A" as one bucket. It tracks accretion/dilution, synergies, and deal structure separately — so your next session surfaces exactly the subtopic you're weakest on, not a random question from a topic you've already mastered.

Mock interviews that feel real

Timed First Round (8 questions, 30 minutes) or full Superday (12 questions, 60 minutes). No grading until you submit — just like the real thing — then a single end-of-session report card shows exactly where you lost points.

Mock Interview
Superday Simulation
18:42 left
Question 7 of 12
Walk me through a leveraged buyout from entry to exit.
No grading until you submit — just like the real thing. Report card unlocks at question 12.
Study party · 3 members
Valuation
● Live
1
CA
You ✓ Submitted
84
2
RH
Roan H. typing…
3
JG
Jeff G. ✓ Submitted
71
Current question
What is the formula for cost of equity?
Your grade
84/100
Technical
86
Completeness
80
Clarity
88
Correctly cited CAPM — missed that beta reflects systematic risk only.
CA
is on a 12-day streak 🔥
RH
mastered Valuation

Study parties, not solo grinding

Prep doesn't have to be lonely. Start a study party, invite classmates with a code, and answer the same questions together in real time — with everyone's grade visible the moment they submit.

School and conference leaderboards

See exactly where you rank against your own school, and against every other school in your conference. Competition is a better motivator than a streak counter.

Conference · NESCAC
School rankings
Live
ApexIB users
2,140
Avg score
81/100
Total answers
184,600
Active this week
1,380
#1 Amherst (You)
Avg score 89 · 214 users
#2 Williams
Avg score 86 · 198 users
#3 Middlebury
Avg score 82 · 176 users
#4 Hamilton
Avg score 79 · 151 users
Live ranking
Amherst just took #1 in the NESCAC — 6 pts ahead of Williams, with 2,140 students competing across 11 schools.
My School · .edu Exclusive
A feed of just your school
Live
JM
Jordan M. Streak
Hit a 12-day practice streak
2h ago
SK
Sophie K. Mastery
Reached mastery in DCF Builds
5h ago
My School only shows people who verified the same .edu email you did — not the whole internet. It's your actual recruiting competition, not a social feed.

See what your actual competition is doing

Verify with a .edu email and you unlock My School — a feed scoped to just your classmates: streaks, mastered topics, mock interview scores, badges earned. It's the difference between grinding in a vacuum and knowing where you actually stand before a superday.

Performance overview
Interview Readiness
76/100
↑ 6 pts this week
Progress to interview-ready 85% target
0 ~9 days away 100
By topic
Accounting
88
Valuation
81
DCF
74
M&A
67
LBO
58
Insight
Gap concentrated in DCF terminal value — mixed up Gordon Growth and exit multiple in 4 of last 6 misses.
Score trend — last 14 days

Performance tracking that means something

Every score rolls up into a single Interview Readiness number with a plain-English explanation — not just a percentage, but a sentence telling you what it means and what to do about it.

Enhanced networking, built in

A CRM for your recruiting network — bank, position, funnel stage, and last touchpoint for every contact, synced straight from your calendar. See who you've met with most, which banks you're spending time with, and exactly who to follow up with next.

My Network
47 Contacts
+3 this week
Contacted
38
81% of network
Calls completed
14
Needs follow-up
6
JM
James M. VP · Goldman Sachs
Call Completed
SK
Sarah K. Analyst · Morgan Stanley
Responded
DT
David T. Associate · JPMorgan
Contacted
+44 more across 12 banks
Goldman Sachs contacts reply fastest — avg 1.4 days. Tuesday mornings get the quickest responses.
Puzzle · Multi-Step · Step 3 of 3
Equipment Sold at a Gain
After 3 years of depreciation ($12,000 total), the equipment's book value is $28,000 — the company sells it for $35,000 cash.
Cash Proceeds → CFS (Investing) +$35,000
Book Value Removed → Balance Sheet −$28,000
Gain on Sale → Income Statement ?
Three lines move on one sale — the full proceeds hit investing, book value comes off the Balance Sheet, and the gap between them (not the price, not the book value) is what actually lands on the Income Statement.

Puzzles that make you do the math

Drag the right dollar delta onto the right line item across the Income Statement, Cash Flow Statement, and Balance Sheet — including multi-step puzzles that chain several transactions together, like a piece of equipment from purchase through depreciation to sale. It's the difference between reciting a formula and actually knowing where every number goes.

Build a full DCF, one real step at a time

No given inputs. You build five years of Free Cash Flow off an interactive Income Statement and Cash Flow Statement, unlever and relever your own Beta from comps, calculate Cost of Equity and Cost of Debt, and weight them into WACC yourself — all the way through Terminal Value, Enterprise Value, and an implied share price.

Full DCF Build · Step 8 of 11
Weighting Cost of Equity & Cost of Debt
Cost of Equity (your CAPM) × 65% Equity 10.60%
After-Tax Cost of Debt × 35% Debt 8.00%
WACC ?
You calculated both pieces yourself a few steps ago — CAPM for equity, Cost of Debt shrunk by the tax shield. WACC just weights them by exactly how the company is actually financed.
Club · 42 members
Wharton IB Club
Public
CA
Cameron A. Leader
RH
Roan H. Co-Leader
JG
Jeff G. Member
Study party · hosted by Cameron A.
DCF & Valuation — 14 joined, live now
📣 Announcements 📚 Resources
Every club has one leader and any number of co-leaders with identical control — and the leader can't leave without naming a successor, so the club never loses its head.

Clubs — run your school's IB org in one place

Create a club for your school's finance organization, invite members with a code or open it up publicly, and share leadership with co-leaders who have identical control. Post in dedicated channels instead of a group chat, and host study parties the whole club gets notified about the moment they start.

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