Evercore Modeling

Based on the most helpful WSO content, the modeling test for a lateral analyst position at Evercore typically involves building out 3 financial statements and may include an LBO model. While specific details of the test are not shared publicly due to confidentiality, candidates often report that the test is designed to assess your ability to construct and link financial statements, perform valuation analysis, and demonstrate proficiency in Excel.

To prepare effectively: 1. Master the basics: Ensure you're comfortable with financial statement modeling, including income statement, balance sheet, and cash flow statement integration. 2. LBO modeling: Be ready to build a leveraged buyout model, focusing on debt schedules, IRR calculations, and sensitivity analysis. 3. Time management: These tests are often time-constrained, so practice completing models efficiently.

For additional preparation, consider leveraging resources like the WSO Elite Modeling Package, which includes lessons on financial statement modeling, LBOs, and more. Unfortunately, sharing the actual test is not permitted, but practicing with similar exercises will help you feel confident.

Sources: Guide to Lateraling in 2021, Best Practices for Finding Lateral Opportunities, Q&A: Former Strategy& associate, Investment Banking Lateral Analyst Modeling Test, Evercore lateral interview: what to expect in terms of questions and modeling test?