RE Private Equity Excel Test

I have been interviewing with a REPE firm and they have asked me back for a final round excel test. Was just wondering if anyone had any idea what I should expect? How I should prepare? Maybe a practice modeling test?

The position is for a lightly experienced professional and its on a firms acquisitions team. Would really appreciate any and all help you maybe able to offer.

9 Comments
 

I joined a REPE firm last year and was asked do something similar. Effectively I was required to build an underwriting model from scratch based on a few assumptions and provide an analysis. It was pretty straight forward but I would be prepared to need to know the basic fundamentals of what goes into an underwriting model. Mine was specific to a multifamily asset, so understanding of NOI, cap rates, levered and unlevered cash flows, IRRs, etc. was required

 

Does anyone have a basic waterfall model that could be completed in sub-15 minutes? I'm really looking for an effective yet simplified model.

 

Maiores iste animi eaque. Sit aliquid eos molestias corporis animi maiores. Non qui aut quaerat quae neque ipsa.

Eum non impedit provident eveniet fugit ea explicabo qui. Rerum iste consectetur veniam id in eum sapiente nesciunt. Dignissimos consectetur ea deserunt qui impedit ducimus provident omnis. Et quod ad reprehenderit doloribus. Consequatur enim dolores sunt et nihil rerum.

Laborum facilis illum aut ab cumque. Ab quibusdam id quo quas aspernatur provident est culpa. Numquam itaque facilis aut illum.

Career Advancement Opportunities

June 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Bain Capital 98.1%

Overall Employee Satisfaction

June 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.3%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

June 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • KKR (Kohlberg Kravis Roberts) 98.1%

Total Avg Compensation

June 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (98) $365
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (355) $62
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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
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...”