BAM Modeling Test (MM Case Studies)

Hey guys, I have a modeling test coming up for BAM (associate role for someone with a couple years as an IB analyst) - can anyone provide insight into their experiences taking the test (or other timed case studies / modeling tests at MMs)?

I've done one timed case study / modeling test for a large single manager and was asked to build a quarterly three statement projection model / speak to an investment thesis for the provided company, however I know the process is likely different at a MM.

Any insight that can be provided would be much appreciated. 

3 Comments
 
Most Helpful

At one interview, all I had to do was build out a 3 statement model where some cells were prefilled and I just had to fill the rest out. I'm pretty sure they stole it from P72. Stick pitches weren't related to the model, more names I was covering and why long or short.

At Citadel back a few years ago, the analyst modeling portion was ~4 hours with last 4 quarters' worth of press releases, 10-Q, 10-K, and transcripts . You had to build out a basic model (maybe just IS + basic CF statement), write up a thesis (a couple pages with rec, price target, catalysts, etc), and pitch to the team or maybe just one or two people. Not sure what it's like now.

I had a post about it here as well https://www.wallstreetoasis.com/forums/citadel-second-rounds-modeling-e…

 

Quia nostrum qui facere incidunt ea. Quis deserunt qui qui incidunt est. Alias consequatur id ducimus omnis cupiditate dolores a. Modi nesciunt quo ea molestiae.

Career Advancement Opportunities

June 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.1%
  • AQR Capital Management 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Millennium Partners 95.0%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.1%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.2%

Total Avg Compensation

June 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $423
  • NA (9) $320
  • Engineer/Quant (86) $288
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (77) $191
  • Analysts (242) $181
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (282) $96
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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
bolo up's picture
bolo up
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...”