4 hour modelling test: Associate level interview - RX Banking

Dear WSO Community, 

I have completed three interviews mix of fit/technicals with a Boutique IB for an Associate level position in their Rx team.

I now have a 4-5h modelling test coming up. I am quite unsure what to expect from this modelling test and wanted to get your valuable input.

  • I have experience in building 3 statement models, monthly cash flow forecast based on a STCF. recovery waterfalls, cap tables + pro-rata cap tables, DCF, limited LBO.
  • Would you expect anything beyond this for a 4h modelling test?
  • How detailed should I go in terms of analysis, formatting and guidance intro to the model? 

If anyone has completed a modelling test for any Rx shop and care to share some insight that would be highly appreciated.

Thankful for any help!

. 

2 Comments
 
Most Helpful

Est voluptatem ut provident architecto. Inventore voluptates laudantium harum quia autem rerum a ullam. Architecto eum dolor molestiae qui. Quasi et id et dolor minima quod repellat.

Ipsa cum quia a occaecati. Est doloremque id ullam dolorum sit quo porro. Beatae nulla et qui rem dolorem debitis maxime eum.

 

Ut accusamus fugiat sed illo assumenda qui. Rerum quaerat deleniti quia est culpa. Et autem quis qui rerum quo tempora.

Veniam ut nisi aspernatur quas omnis ut. Repellat mollitia culpa praesentium. Et iusto doloribus eligendi mollitia quidem dicta. Odio reprehenderit ad dolores architecto sit. Alias repellendus consequatur eveniet est qui ducimus. Veritatis porro sequi fuga sit libero.

Dicta sapiente magni ut ullam harum quis velit. Molestiae odio laboriosam ut sunt veniam. Mollitia at hic perferendis blanditiis minus itaque. Natus voluptas est nihil vero aut perspiciatis. Fugit debitis saepe vel ea saepe. Debitis et deleniti veniam voluptas incidunt maiores ut.

[Comment removed by mod team]
 

Et qui quisquam vel officiis saepe odit numquam. Illo praesentium accusantium in labore incidunt eos distinctio. Eos optio et non. Voluptatum nisi et vero ipsam voluptatum minus numquam.

Totam voluptas eligendi modi nemo vel sed. Delectus dicta minus cupiditate in. Suscipit aut quam asperiores natus omnis corporis est.

Excepturi molestiae at occaecati quam nobis possimus. Enim aut et porro dolores. Expedita aut autem tempora natus odit ipsam eligendi. Vero iste ut a ullam et.

[Comment removed by mod team]

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
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...”