Point72 modelling test + cognitive test next week

Hello everyone!

Can I please check if anyone has done Point72's modelling test and/or cognitive test recently?

Wrt to the modelling test, I'm expecting a 45min 3-statement modelling test, but would be great to know any insights.

Wrt to the cognitive test, does anyone know if the provider is Wonderlic?

Any other general tips are welcomed.

Many thanks in advance!

Comments (16)

Jan 19, 2022 - 6:57pm
Help Twice, what's your opinion? Comment below:

Cognitive test provider is Wonderlic. It's 8 min. If you take the practice one online, it should prep you well enough.

The modeling test requires basic financial statement forecasting for 3 statements. It gives you historical data and drivers and you calculate line items from those.

Jan 19, 2022 - 7:30pm
MV01, what's your opinion? Comment below:

Thank you very much! One quick follow-up question on the cognitive test: do you remember if the test questions that require you to know stuff like inch to cm, pounds to kg? I read online some versions of the Wonderlic do

Did you do interviews as well? I have now received an invitation for a 45min interview with a senior analyst. Any particular focus (i.e. fit/motivational, brain teasers, stock pitch)? Wrt the pitch, do you how long / detailed they expect it to be? Any other general tips?

  • Research Analyst in HF - EquityHedge
Jan 21, 2022 - 4:27pm

You'll be fine. The practice wonderlics I took were more difficult than the real deal (taken a few for jobs incl p72).
 

Are you a sector specialist? If so, you should be prepared to talk at length about the sector - trends, companies, etc. If not then you prob need to be able to discuss the broader market, what you're excited about, etc and then for sure have a pitch in either case. Doesn't need to be super long, just make sure if it's a relatively consensus pick that you're not just giving a consensus answer. It's not bad to be line with the sell-side but make sure you understand both sides of the argument and don't just parrot talking points. 

Most Helpful
  • Research Analyst in HF - EquityHedge
Jan 22, 2022 - 9:03am

Ya, I would def have a relevant pitch or two ready but I'd prob ask you for a FIG pitch too tbh. Given you're coming from a less relevant group and joining a pseudo-generalist one (industrials can be soooo broad if you rope in chems, mats, etc), I'd want to see at least these two things - 1) do you understand the space you currently cover/can you communicate that in 10 minutes and 2) can you learn about a new sector fast enough so that we can have a 10-15 min intelligent convo and chat ideas. The first tells me you have some amount of EQ and can condense big picture ideas for quick consumption (likely how you'll communicate with your pm) and the second demonstrates some ability to do the job. 
 

on pitch quality, given you're an aso per your profile and therefore have min 3 years experience, I'd probably expect at least a borderline actionable fig pitch. Assuming you've been a banker in that space for a bit, you should have real ideas imo. For the industrials pitch, I'd just want something thoughtful - you understand the basic drivers of [subsector], know the co's and understand how your co fits in and will out/under perform. Bonus if you come up with a decent pair.

Feb 23, 2022 - 1:26pm
MV01, what's your opinion? Comment below:

Hi! So I have now done a few interviews with analysts and PM and they went well – your tips were really helpful!

I was just invited to do their 7 day case study and I wanted to ask if you had any tips and suggestions? I wonder what is the structure, how long people actually spend on it, how detailed they expect your model to be, what sort of valuation methodologies other than DCF, etc.

Many thanks in advance!

  • Investment Analyst in HF - Other
Feb 24, 2022 - 4:25pm

Can you share details on how the model was? A simple 3-statement with how many years to forecast? Did you have to compute basic metrics (ROE, ROA, etc.)?

Feb 25, 2022 - 5:16am
MV01, what's your opinion? Comment below:

Simple 3 statement model indeed. I had to forecast the next 5 years. They had most of the assumptions there, just add to roll fwd the model, compute a lot of ratios (ROE, ROA, Cash Conversion Cycle). 45min to do it.

  • 1
  • Investment Analyst in HF - Other
Feb 25, 2022 - 5:23am

Thanks! Hope you got a final offer out of the process

Mar 8, 2022 - 10:36am
AMB-22, what's your opinion? Comment below:

Hi guys - I have the modelling test this week. Would you be able to share additional info on that? Do they only provide the model incl. drivers or do they provide annual reports as well?
Anything we should be careful about / any recommendation?
Hope it went well for you!

  • Analyst 3+ in HF - EquityHedge
Apr 22, 2022 - 8:38pm

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