3-Statement Modeling in Practice?

I work at a small boutique, so things are obviously done differently, and we do a large amount of buyside advisory. The weird thing I've noticed looking at resume templates and preparing for interviews is it seems like 3-statement models are the norm.

We have never built a full 3-statement model before because it never seemed necessary. Capex and NWC for example were always quite low and not a large part of the picture, so we just made simple assumptions based on what target management disclosed. Is this par for the course on buyside transactions or are actual 3 statements actually standard?

I ask because I am going to interview soon, and am a bit concerned that I've never done 3-statements before outside of training.

1 Comments
 

Quam et pariatur unde molestias sed. Quod minus accusantium autem ratione autem libero autem rerum.

Animi eos quam aliquid dicta. Eum dolor similique modi saepe dicta sed aspernatur sit. Porro nihil commodi repudiandae unde inventore eos illo. Quia consequuntur consequatur quaerat quis assumenda suscipit. Sunt laborum occaecati mollitia consequatur ut fugiat ut a.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
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
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
CompBanker's picture
CompBanker
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...”