Job Modelling Test
I have an upcoming modelling test for a LevFin role at a BB.
Can someone advise what exactly to expect? Would I be given a blank sheet and told to build out a 3 statement model and an LBO or instead an already functional model and asked more specific questions such as debt structure optimisation, entry/exit multiple analysis etc.?
Any insights would be appreciate from anyone who has sat one or has visibility over them at their current role
Ah, the thrill of a LevFin modeling test at a Bulge Bracket (BB) bank! Based on the most helpful WSO content, let's dive into what you might expect and how to prepare for this crucial step in your finance journey.
Blank Sheet vs. Functional Model: The approach can vary by bank, but generally, you might be given either a blank Excel sheet to build a model from scratch or a partially completed model where you're tasked with making specific adjustments. For a LevFin role, be prepared for both scenarios. The blank sheet test assesses your ability to construct a model from the ground up, focusing on your understanding of the relationships between the financial statements and your ability to project them forward. On the other hand, a functional model might test your analytical skills, asking you to optimize the debt structure or analyze entry/exit multiples.
Key Components to Expect:
Preparation Tips:
Resources:
Remember, the key to success in these tests is not just technical knowledge but also the ability to apply it under pressure. So, practice, practice, practice! And don't forget to breathe; you've got this.
Sources: What can I expect: a REPE Top 5-10 modelling test?, Lateral Hire analyst modelling test., 2-hour Modeling Test for HF (Fundemental Equities) - What to expect?
is this for an associate role?
Doubt, OP is analyst 2 prob looking to lateral or layer off recently
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