FIG Lateral Exam

Based on the most helpful WSO content, lateral interviews for IB positions, including FIG (Financial Institutions Group), often include a modeling test to assess technical skills. While specific details about FIG modeling exams aren't explicitly outlined in the context, here are some general tips for preparing:

1. Understand FIG-Specific Metrics: FIG modeling often involves unique metrics like regulatory capital, Tier 1 capital ratios, and net interest margins. Familiarize yourself with these concepts as they are critical in FIG-focused roles.

2. Brush Up on Valuation Techniques: FIG valuation can differ from traditional methods. For example, banks and insurance companies are often valued using price-to-book (P/B) ratios or dividend discount models (DDM) rather than standard DCF models.

3. Practice Financial Statement Analysis: FIG companies have distinct financial statements. For instance, banks focus on interest income/expense and loan loss provisions. Understanding these nuances is crucial.

4. Leverage Modeling Resources: If you're not from a FIG background, consider using resources like the WSO Elite Modeling Package, which includes courses on financial statement modeling, DCF, M&A, and more. These can help build a strong foundation.

5. Mock Tests: Practice with general modeling tests to improve speed and accuracy. Even if they aren't FIG-specific, they can help you get comfortable with the process.

If you're looking for more FIG-specific insights, you might want to explore WSO threads or resources that focus on FIG roles.

Sources: Guide to Lateraling in 2021, https://www.wallstreetoasis.com/forum/investment-banking/lateral-internally-from-st-ft-to-ibd-ft-bb-tips-story-and-advice?customgpt=1, Lateral Internally From S&T FT to IBD FT (BB): Tips, Story, and Advice, Best Practices for Finding Lateral Opportunities