Direct Lending and ASOF
11 prompts are labeled Direct Lending. Another 9 are Special Opportunities (ASOF). Across the whole bank, 8 prompts cover debt & leveraged finance.
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Firm practice bank
Ledger Shelf · Updated October 1, 2026 · Questions collected from 2020 onward
Ares Management Interview Questions
65 source prompts: 40 worked answers and 25 practice frameworks.
- 40 worked answers
- 25 practice frameworks
- Editable XLSX with filters and frozen headers
- One-time digital download; no subscription
Try the five-question Excel sample before buying. On Gumroad, leave the sample price at $0. Prefer to stay here? The worked examples on this site need no signup.
Recorded rounds
Start with the round you need.
All 65 prompts have a recorded round. There are 32 First Round prompts, 15 Second Round, 7 Third Round and 11 Superday. These labels describe the source questions, not a fixed Ares interview process.
32
First Round
I would filter to this set first if my next interview is an early round. Say the answer before opening the guide.
22
Second and Third Round
15 prompts are labeled Second Round and 7 Third Round. Keep the sets separate when you filter.
11
Superday
Work these prompts out loud and test the follow-up. There are no HireVue or phone-screen labels in this file.
Group and topic coverage
Check the group mix before you buy.
This is a mixed Ares bank, not 65 questions from one team. Each prompt keeps its group label so you can filter to the set you need.
ACOF and other PE labels
17 prompts are labeled Private Equity (ACOF), with 6 more labeled Private Equity. There are 7 LBO & private equity topic prompts across the bank.
Real estate and infrastructure
13 prompts are labeled Real Estate Private Equity, 5 Real Estate and 4 Infrastructure. The free drill includes a cap-rate example.
The largest topic is cases & industry, with 17 prompts. There are also 8 valuation & multiples prompts and 5 accounting prompts. These are topic counts, not worked-answer counts. The full file has 40 worked answers and 25 practice frameworks.
Inside the file
A workbook you can keep using
Each row keeps the useful context
- Recorded round or Unspecified
- Group / division where supplied
- Technical or behavioral type
- Topic label
- Question or prompt
- Answer guidance
The answer labels
- Worked Answer
- The math or reasoning for a technical question.
- Practice Framework
- A way to build an open-ended answer.
Why it works
Use what is there. Do not invent the rest.
Round stays attached
Filter to First Round, Second Round, Third Round or Superday. All 65 prompts have one of these labels.
Group and topic stay attached
Cut the list by group, topic, or question type.
Keep the labels separate
A group label is not a topic label. Check both before choosing what to practice.
How I would use it
Filter
Filter to the set you need.
Answer first
Hide the answer and say yours first.
Repeat
Mark what you miss and come back to it.
Download it once. Keep your copy.
Is this the right format?
I would choose this workbook for practice reps. If you need lessons from the beginning or live feedback, compare formats before buying.
Compare workbooks, courses and simulated interviews →Answer labels
Does every Ares Management interview use the same process?
No. Office, group, role and cycle can change the sequence. The workbook preserves observed round labels and leaves missing metadata Unspecified.
Worked Answer
Gives the math or reasoning for a technical question.
Practice Framework
Helps you build an open-ended answer.
Independent interview practice, not official firm material. Re-check live facts before an interview. No physical item is shipped.