An investment banking exam is like a test that bankers take to prove that they know a lot about how money works. Imagine if you were playing a game and the winner got a prize, but to win, you had to answer a bunch of questions about how to make money grow bigger. That's what an investment banking exam is like!
When grown-ups borrow or lend money to buy things like houses or cars, they need someone called a banker to help them. Investment bankers help make really big deals happen, like when big companies want to buy other big companies or when they want to make a lot of money by making smart investments.
The exam tests how much bankers know about everything related to money, like how to invest it and make it grow, how to analyze big financial data, how to predict what will happen in the market, and how to advise their clients on the best financial strategies. They need to know all these things so they can be trusted to make smart decisions about lots and lots of money!
But just like you have to study a lot to do well on a test at school, bankers have to study and practice a lot to pass their investment banking exam. They might even have to take classes to learn more about the different parts of the exam. And if they pass, they get to keep working in the exciting world of investment banking and help people make a lot of money!