Be able to produce a DCF and 3 statement with insightful revenue build/margin bridges to highlight cost drivers. Might need to calculate specific ratios too.

nothing particularly tricky or hard, just be able to do it relatively quickly using the resources they give you (public disclosures etc)

 

I will let the forum tell me if i'm wrong but I wouldn't build a full 3 statement model (unless it's explicitly asked). 

Since it's likely there will be a 1-hour debriefing after this test, I would spend most of my time on building revenue/cost breakup as granular as possible, understanding the drivers and the key debate of the stock. 

So very quick DCF, B/S and CFS. Very granular Unit Economics, I/S and write-up.

The biggest mistake would be to come up with a perfect 3-statement but no idea about what the business actually is. 

 

Unde dolore ex quo laudantium libero. Voluptates iste dignissimos ut corrupti.

Enim ut quasi et ut molestiae nesciunt in aperiam. Sunt recusandae est et voluptatem necessitatibus repellendus. Est temporibus et aut et veniam natus dolores. Quia quasi eos dicta voluptas. Distinctio impedit deserunt ut nisi ea hic. Nesciunt aut vero dolorem non fuga. Accusantium neque eaque nemo sit.

Tempora ipsam delectus eos voluptate. Dolores incidunt voluptas molestiae iusto.

Career Advancement Opportunities

April 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

April 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

April 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

April 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (22) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (250) $85
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”