Missed a Couple Things on Model Test
Last week, I had a 2 hour model (LBO + DCF) test. I was given assumptions and had to build both from scratch. I fully built them out where it’s clear I know the mechanics and how everything links. Only issue was I did not include options pools and return attribution analysis that was asked for. At the time I did not know how to model these since I never done them on the job nor encountered them when prepping, but learned from this experience and now am able to. I feel confident that everything else was modeled correctly in the LBO.
My question is how much I would be penalized for missing a couple of these but did the bulk of the analysis? I know a factor is how this compares to other candidates but I guess I’m curious if anyone has passed the model test despite not being perfect / having a couple hiccups like above? If brand matters at all for a model test, I am at a top BB/EB. Thanks in advance
following for future reference
I wouldn't sweat it too much as those two analyses are easily learned on the job. As long as you demonstrated that you can competently model, then I think you're fine but as you mentioned, it depends on the competition. I'd rather hire someone that is great qualitatively and did the model 80% than hire someone that is just good qualitatively and did the model 95%. Unless it's a super modeling heavy role/firm.
Hey man - mind PMing me on this? Prepping for a similar LBO test next week with a DCF. Happy to trade models / advice etc. in exchange.
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