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…

 

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. 

 

Et veritatis aspernatur aut harum. Et mollitia et optio assumenda incidunt amet voluptatum. Esse recusandae eos minima consectetur deleniti error.

Veniam dolore voluptas sint asperiores error quis. Ea aliquid fugit enim est ratione ea. Numquam in repellat molestiae ipsam deleniti. Ad harum cum libero dignissimos qui numquam amet. Adipisci illum eaque voluptatem occaecati aut impedit. Est et qui et veritatis.

Porro tenetur porro assumenda quis sit quas consequatur. Eos tempora tempore inventore delectus et officiis. Ut odio reiciendis nobis sint numquam laboriosam. Enim possimus accusantium dolores vero blanditiis esse voluptatem.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
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
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
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...”