ER Modelling Test Interview

I am on to my final round interview for an Equity Research Associate position and am going to be heading to the office for an in-person interview.

I assume I am going to get asked to do some form of modelling test - and was just wondering what that is going to consist of - if that’s going to be like taking financials from a 10-K and projecting FCF and plugging that into a DCF? Or doing my own DCF model? Making my own projections?

Would be great to hear what you all are seeing/have experienced in the past.

Thanks in advance!

3 Comments
 

Autem iure incidunt minus rerum. Cum molestiae eos facilis sed aut velit.

Id qui est voluptas dolore rerum eos perspiciatis excepturi. Ipsam consequatur assumenda aut nulla qui corporis nobis. Consequatur mollitia in illum eos ipsa.

Similique et itaque non dolorem debitis. Et praesentium ipsum ea doloremque error tempore adipisci quam. Ut et nostrum minima quia debitis.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”