Investment Banking Lateral Analyst Modeling Test
Hello everyone,
I am a recent graduate experience in mid office finance and will be going into a superday for an analyst position soon. Any tips would appreciated, but my main concern is if they would make me take a modeling test and if they do what it would be on.
I recently went through the WSP modeling course and it seems like a good foundation but I am not sure if I am prepared to fully build out something in a short time span. Does anyone have any examples of modeling exams that I can take a look at so I can get a general idea on what to work on?
Thanks!
FWIW most modeling tests are done at home. They send you the materials at a set time and you have a deadline to send it back.
Oh. So I don't get into the office and sit down and have someone sit there with me while I build it out?
Depends on the bank. Most tests are done at home. However I have also been put in a conference room by myself for 3 hours with a laptop and been told go.
I've done a modeling test at the office before
The only ones I ever got were just building out a three statement model. If you have a good understanding of how the various items flow through the IS/BS/CFS on there, it shouldn't be too hard. A dcf would be even easier IMO so long as you remember some formulas. Also, congrats on Cantor and best of luck--I saw that posting and thought about applying but passed cus my lateral interview plate is a little too full as of now. It's a good firm. Is this the healthcare position?
For the 3 statement model, did you also take the exam at home as mentioned above or was it in person?
No--I did it in office. However, this also wasn't for a lateral position, it was back in college. Did they say they'd give you one? I would definitely know my financial statements, but with a healthcare group such as Cantor that seems to do a good amount of earlier stage life sciences work, I would just review some of the basics such as approval processes and how a biotech valuation would differ from a regular company, etc. Healthcare shops that I have been interviewing at have frequently asked those questions, and it is a good way to flex knowledge if you really understand how to break it down.
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