I have a 4 hour in-house modeling/case study for Surveyor coming up. I was wondering if anyone has been through this process and knows what to expect? I am told that you only get to reference public filings and earnings transcripts. After the actual model is built you have to come up with a recommendation and then defend your findings.
-What exactly are you expected to build out aside from operating model and ?
-Do you build everything from scratch or are simple historical financials already inputted for you?
-How granular do you need to get with drivers? (e.g. do i need to build out depreciation and amort. schedules based on actual PP&E and intangible balances or can i just assumed % of revenue?)
-Are you allowed to access the internet? What type of research are you allowed to pull? Do they let you read equities research reports?
-Will I get access to databases (like CapIQ) to pull comp data?
-What type of questions to expect at the end?
Also not to think ahead too much here, but any ideas of what comp is like for analyst and associate roles?
Thanks for your help!