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!

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