IB - LBO Modeling Test
Hey All -
I recently got through a couple rounds at a EB and now have to complete a 2-Hour LBO modeling case study to get into the final round. This is for a lateral analyst position and inclusive of both the Excel model and a write-up. I was wondering if anyone has gone through a similar process for an IB analyst position and if it differs from traditional PE recruiting case studies. Given the 2 hour limit, what are the usual variables to simplify vs. what do you 100% have to get right? First thoughts are to simplify the actual mechanics given the 2 hours i.e., only using a NWC schedule vs. full balance sheet, D&A/CapEx as % of revenue, and focusing on drivers such as revenue growth/volume/margin for the write up.
Curious on your thoughts.
-Val
Hi VALuation, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
Fingers crossed that one of those helps you.
Bump
Really sorry that no one was able to help out here.
What ended up happening? Did you get the job eventually?
Ended up moving over to a top MM; still had a bunch of LBO tests that I went through. Guess that's the norm for lateral hires in any MM to EB shop. I noticed that keeping the model simple and focusing on business and returns drivers was what really mattered.
Interested in hearing how you went about making the model simple and presenting the analysis / finishing it all on time.
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