Model tests PE
Have your model tests generally been straightforward 3-statement LBOs with some nuanced line items (think PeakFrameworks) or have you been getting model tests that tend to be completely different from the standard 3 statement LBO’s we typically think of?
Also curious
I think it really depends on the firm's strategy and focus. For the MM and even LMM PE firms I've interviewed with that are traditional LBO shops, 90%+ of the time I've been given a timed 3-statement LBO or a 3-statement LBO with brief write-up (could be given as long as a day or two). If the firm has more of a value-oriented / distressed bent, or if they target other asset classes, it typically becomes more nuanced (like a few of the tests on prorata.gumroad.com). Software firm modeling tests, for example, will usually require some sort of more complex revenue build to make sure you understand how to do an ARR build.
Bump
Accepted with MM off cycle - many of the MM tests I did were condensed 3 statement models + LBO. All were timed, and none actually required a full BS or CF. Just gotta get down to the numbers you need quickly and efficiently. Would focus on the mechanics of the LBO and making sure you understand how things flow through.
Ad eaque placeat dolorem voluptas enim aut occaecati delectus. Libero vero cupiditate nihil magnam rem aliquid. Earum vitae blanditiis quia. Repudiandae repellat pariatur iusto similique neque amet aut maxime. A voluptatem modi totam nobis est aut velit. Expedita libero reprehenderit maxime ut molestias quia aut.
Harum atque officiis odio alias commodi itaque quo. Earum ut quam qui ut distinctio eaque. Eos ad ab eum optio. Consectetur voluptas saepe expedita velit. Voluptate facere accusantium rerum quod suscipit vel. Magnam qui quia quia sit omnis. Qui iusto qui porro nam quas.
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...