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Based on the most helpful WSO content, for lateral hire modeling tests at firms like Jefferies, you can typically expect either an LBO model or a 3-statement model. These tests often assess your ability to build models from scratch, make logical assumptions, and analyze outputs effectively. It's also common for these tests to include elements like DCF or M&A scenarios, depending on the role.

To prepare, consider practicing with resources like the WSO Elite Modeling Package, which includes courses on LBO, 3-statement, DCF, and M&A modeling. Additionally, the WSO Free Modeling Series offers 9 free lessons and 27 financial modeling templates, which could be a great starting point.

Sources: Lateral Hire analyst modelling test., Evercore lateral interview: what to expect in terms of questions and modeling test?, Analyst lateral hiring MS - modeling test, Guide to Lateraling in 2021, Jefferies A1 layoffs?

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