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Based on the most helpful WSO content, for a 90-minute model test, it's unlikely you'll be tasked with building a full 3-statement model from scratch. Instead, you should expect something more streamlined, such as a basic LBO build. These tests typically focus on your ability to create a straightforward Sources & Uses table, build out assumptions, and construct a debt schedule.

If you're preparing for an LBO, make sure you’re comfortable with: - Setting up a simple and intuitive template. - Memorizing key debt schedule formulas. - Running basic sensitivities (e.g., IRR or MOIC based on leverage or purchase price).

If the test leans towards a 3-statement model, it will likely be a simplified version, focusing on logical assumptions and key metrics rather than a detailed operating build.

Sources: 2-hour Modeling Test for HF (Fundemental Equities) - What to expect?, Help with 3-Statement Model Test, Guide to Lateraling in 2021, Ask me anything - MM PE Associate, 1 year in, Preparation for 2 hour LBO modelling test

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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