HELP: Modeling Test

So I managed to make it past the first few rounds, and now I have a modeling test. I don't have work experience in this field, know a good amount but little modeling experience. I'm expecting it to be a 3 statement model and multiples valuation most likely. I really need resources, what are available? Do any of you have old tests I can study?

2 Comments
 
Most Helpful

https://mergersandinquisitions.com/3-statement-model/ 

This is an "easier" test I feel like, but good to get started if you have never built a model 

https://www.wallstreetmojo.com/financial-modeling-in-excel/

This is a little deeper

"Financial modeling for equity research analysts" - the book by gutenberg research is a really good resource for a deeper model (book includes excels)

Ultimately the best practice will be sitting down and building an integrated 3 statement model from scratch on a new company - just pull 4 10qs and you can model two years of historicals and then model out 2 years forward on quarterly basis. 

Depending on the modeling test, it could be simpler where they just want to make sure you can fill in a few equations to tie working capital / balance sheet drivers on an existing model with some missing elements, or it could be the pod shop test where they give you the stack of reports and filings and ask for a model and view. If the latter, there are a few threads that discuss the best best strategies to succeed on those (whether its more important to just have a detailed rev and cost build to an earnings forecast, etc.) 

Lastly there are the paid resources like BIWS and WSO that have modeling guides, but they are more or less similar to the above steps

 

Assumenda quam ipsum corporis omnis et. Non tempore eos adipisci unde. Aliquam repudiandae qui sit architecto voluptatibus nam. Numquam adipisci deserunt adipisci soluta. Consequatur labore nihil est autem. Iusto unde iure deserunt dolorem quasi reprehenderit.

Ea natus nihil aut qui inventore. Dolor laudantium quibusdam laborum impedit. Accusantium voluptatem hic voluptatem enim doloremque. Aut enim debitis et quaerat accusantium saepe animi in.

Nesciunt asperiores eum eum ad accusantium quas. Nemo voluptas officia repellendus incidunt. Vel perferendis voluptatem facilis aperiam repudiandae. Doloribus omnis laborum quia eveniet perspiciatis iusto similique.

Assumenda consequatur et voluptatem qui velit. Neque esse quam aut. Maiores eligendi in quasi molestiae ut rerum libero.

Career Advancement Opportunities

June 2026 Hedge Fund

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

Overall Employee Satisfaction

June 2026 Hedge Fund

  • Magnetar Capital 99.0%
  • Millennium Partners 98.1%
  • D.E. Shaw 97.1%
  • Blackstone Group 96.1%
  • Citadel Investment Group 95.1%

Professional Growth Opportunities

June 2026 Hedge Fund

  • AQR Capital Management 99.1%
  • Point72 98.1%
  • D.E. Shaw 97.2%
  • Citadel Investment Group 96.2%
  • Magnetar Capital 95.3%

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 (76) $192
  • Analysts (240) $181
  • Intern/Summer Associate (28) $146
  • 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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
98.9
10
Jamoldo's picture
Jamoldo
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...”