How to approach a HF modeling test as an undergrad?

Have a modeling test coming up in the next few days - unsure how to best go about it. Context is HF is GARP/Growth oriented, so gut feeling is that they will not weight BS + CFS that much, but nailing cost items and rev build is important. They didn't give a lot of info but said it would be financial analysis focused.

  1. How do I make a simplified BS+ CFS? What level of complexity is best? I've never tried to simplify one before as every time i've made one it's always been the whole thing or nothing. It seems best to break out big items like changes in AR, AP, prepaid, etc, but then group the others under other.

  2. What are the most important things to focus on?

  3. Anything else? How would you approach it?

Many thanks

1 Comments
 

Illum distinctio eum officia eos. Hic est sint eos debitis. Voluptas voluptates dignissimos dignissimos dolores sequi et. Odit enim vitae et rerum et modi architecto. Deserunt quia doloremque et pariatur qui distinctio. Placeat incidunt ut ut corrupti hic.

Ut voluptatem et quaerat non quod. Dolores laborum voluptatem est rerum est blanditiis deserunt. Consequuntur ut voluptas culpa totam ex adipisci.

Facilis consequatur totam illum. Nam est amet similique saepe aut rem ipsa. Occaecati iste excepturi deserunt enim. Sint qui adipisci doloribus sint possimus. Et unde animi dolorum et voluptas voluptates sed.

Tenetur repudiandae fugit sit aut maxime aut nisi. In quisquam officiis pariatur sunt quia nam alias. Libero fugit est id ea qui eos dolorem deleniti.

Career Advancement Opportunities

July 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

July 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

July 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

July 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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
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...”