I'm curious to hear everyone's experience with modeling tests/case studies while trying out for Real Estate gigs. Two main questions I'm looking for:
1) What percentage of positions you interviewed for involved a modeling test? Did you notice a correlation between seniority level of the position or AUM of the shop and likelihood of giving modeling tests?
2) How exactly are most modeling tests administered? Are you emailed a prompt and expected to send back something complete within the next 24 hours or is it more like you're put in a room with a laptop and prompt and they say "okay, we'll be back in 20 minutes".?