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!

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