Thinking of lateraling out. When I interviewed before, case studies and modeling tests were 3 statement + some form of analysis. Is this correct today? Anyone have direct info on what one might entail?
| +126 | UBS Americas IB: The Kids’ Table of Wall Street | 15 | 2d |
| +83 | Return Rates For Interns Are Falling? | 33 | 5h |
| +63 | London IB BB is a challenge | 38 | 9h |
| +54 | VP Lifestyle at Top BB Coverage Groups | 33 | 16m |
| +54 | I am a drunk MD AMA | 29 | 6h |
| +46 | SharePoint makes IB hours HELL | 15 | 1d |
| +46 | An Outsider’s View of RX Banking Out of College | 6 | 11h |
| +41 | momentum of Rx groups | 13 | 8h |
| +38 | Fired during interview | 7 | 11h |
| +29 | Most Technical Groups Ranked | 13 | 8h |
Career Resources
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.
Based on the most helpful WSO content, it's common for modeling tests or case studies, especially in the realm of investment banking, private equity, and similar fields, to involve creating or analyzing three-statement models (income statement, balance sheet, and cash flow statement) as part of the assessment. These tests often require candidates to demonstrate their ability to integrate these financial statements and perform various forms of financial analysis, such as discounted cash flow (DCF) analysis, leveraged buyout (LBO) analysis, or mergers and acquisitions (M&A) modeling.
While the specific nature of the modeling test or case study can vary depending on the firm and the role you're applying for, the core requirement to understand and manipulate financial statements remains a constant. It's also not uncommon for these tests to include a component that assesses your ability to make assumptions, project future financials, and analyze the impact of different scenarios on the company's valuation.
To prepare, it's advisable to brush up on your Excel skills, familiarize yourself with the mechanics of financial modeling, and practice building models from scratch. Resources like the WSO Elite Modeling Package could be particularly useful, as they cover a wide range of topics, including Excel modeling, financial statement modeling, LBO modeling, M&A modeling, and valuation modeling.
Remember, the key to success in these tests is not just technical proficiency but also the ability to think critically about the business implications of your analysis and to communicate your findings clearly.
Sources: Case Studies & Modeling Tests: How Exactly Are They Administered?, Modeling tests/case studies to share?, Modeling tests/case studies to share?
Cupiditate explicabo quasi iste. Sunt odio repellendus nam enim aut.
Perspiciatis eligendi unde voluptatem eveniet eos explicabo. Alias ipsa fugiat et numquam. Eum et ipsa non voluptate et. Ut maiores impedit cum rem consequatur quis illum. Animi id asperiores fugit culpa eos eligendi.
Consequuntur rem quibusdam earum modi ut. Eaque et nulla et consequatur quo. Nisi eum rerum ex reiciendis suscipit similique rerum incidunt. Asperiores quis consequuntur non dolores totam omnis aspernatur amet.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
In error accusantium exercitationem perspiciatis ex tempora voluptas eveniet. Et illum distinctio deleniti sed qui. Tenetur odit et blanditiis consequatur beatae corporis asperiores. Ut quia porro perspiciatis et id.
Quam et pariatur incidunt culpa est. Neque eum delectus modi ratione minima voluptate laudantium animi. Quia adipisci quas voluptas odio debitis perferendis non.