Had a recent modeling exam for a specific niche group that had merger model and lbo included. Is this the standard format for a first-year lateral modeling exam? Would appreciate any insight feel like i got my butt kicked
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Based on the most helpful WSO content, it's not uncommon for lateral analyst modeling exams to include both merger models and LBOs, especially if you're targeting a specific niche group or boutique firm. These tests are often designed to assess your technical skills and ability to handle real-world scenarios.
For a first-year lateral, the complexity can vary depending on the firm. Some firms might keep it relatively straightforward, focusing on basic setups like Sources & Uses (S&U), debt schedules, and simple assumptions. Others, particularly in niche or specialized groups, might include more challenging elements to test your adaptability and depth of knowledge.
If you felt challenged, don't worry—it's a learning experience. To prepare for future exams, consider: 1. Practicing LBO and merger models from scratch, focusing on building intuitive templates. 2. Reviewing key formulas, especially for debt schedules and sensitivities. 3. Leveraging resources like the WSO LBO Modeling Course, which offers over 110 lessons and templates to master these skills.
Also, reaching out to peers or mentors in similar roles can provide additional insights into what to expect in these exams. Keep at it—these tests are tough, but with preparation, you'll improve!
Sources: Guide to Lateraling in 2021, Top Financial Modeling Courses - List of Top Financial Analyst Courses, NEW Financial Modeling Training Courses, Q&A: 1st year VC analyst (~750M AUM), Preparation for 2 hour LBO modelling test
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