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WSO Free Modeling Series - Now Open Through
October 31, 2026
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
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Most common test I've found is either A. They give you one research report and ask you to build DCF / LBO or B. they give you two research reports and ask you to build an M&A model.
Will ask you to walk through questions (valuation questions or in the M&A scenario: what is accretion / dilution, PF leverage, pay down schedule, PF ownership, consideration, premium justification etc.)
Basic mechanics are easy enough to learn. My advice is also look up to see if this case has happened before (I know a friend who was given a case of a failed public transaction as a modeling case). Always back check your numbers against research, information in the news, current market data etc.
Hi Piggy123, how did the modeling test go? Do you mind sharing some pointers? Much appreciated!
as far as i know, there is only one EB that makes laterals do a modeling test.
their test is an LBO. historicals provided, you just basically have to link shit, do a debt schedule, and then sources and uses, exit calcs, etc. a bunch of sensitivity tables for IRR, leverage, etc.
Which EB?
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