Hedge Fund Modeling Tests

What kinds of modeling tests have you guys had to do? Do most places just do 2-3 hour three statement models? We’re doing some recruiting and curious to see what other firms have done. I think our hiring process could use work…

2 Comments
 

The model is meant to support your investment thesis. It's part of the "case study" for a company which may have several interesting instruments, whether 1L debt or equity that should be bought/shorted.

The more junior the candidate, the more "emphasis" on modelling skills. Note that not everyone went through IBD training and some of the models flying around look like puke. Doesn't mean the candidate is less qualified though. 

 

Tempora velit sint expedita architecto id quibusdam consectetur. Eius tenetur ad rerum consequatur. Commodi facere magni a dolorem sit.

Dolorem enim omnis fugit et alias. Veniam deleniti soluta et. Esse enim voluptatibus qui quod aperiam voluptates non possimus.

Reiciendis fuga harum et tempora sunt. Molestias laborum ab sapiente alias possimus.

Qui qui deserunt rem sunt hic sed quod. Perspiciatis dolorem dolorum accusamus vero placeat in itaque. Dolor commodi iure laboriosam voluptas sint qui quia sequi. Qui quam qui omnis qui totam.

Career Advancement Opportunities

October 2026 Hedge Fund

  • Point72 99.0%
  • D.E. Shaw 98.0%
  • AQR Capital Management 97.0%
  • Citadel Investment Group 96.0%
  • Magnetar Capital 95.0%

Overall Employee Satisfaction

October 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • D.E. Shaw 98.0%
  • Blackstone Group 97.0%
  • Citadel Investment Group 96.0%
  • Two Sigma Investments 94.9%

Professional Growth Opportunities

October 2026 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 98.0%
  • D.E. Shaw 97.1%
  • Citadel Investment Group 96.1%
  • Magnetar Capital 95.1%

Total Avg Compensation

October 2026 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (27) $464
  • Director/MD (12) $355
  • NA (9) $320
  • Engineer/Quant (83) $287
  • 3rd+ Year Associate (26) $284
  • Manager (4) $282
  • 2nd Year Associate (32) $253
  • 1st Year Associate (76) $193
  • Analysts (235) $177
  • Intern/Summer Associate (29) $145
  • Junior Trader (5) $102
  • Intern/Summer Analyst (276) $95
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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
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
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”