During a 90 minute model test are you typically expected to build out the full pro forma B/S?

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On most of the tests I’ve seen (Warburg, apax, advent), blank workbook. It’s hard without a LOT of practice

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.... isn’t this pretty straight forward....? Just know your DSOs / DPOs / inventory day formulas and model the rest as % of rev.... shouldn’t take much time

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Step one: Get your resume right. May he worth using a resume consultant if you’re getting no bites

Step two: Get your “story” right. The headhunter often isn’t just sending over your resume but some additional blurb. Getting your story down pat and making sure it’s effectively conveyed to headhunters (and not just the target firm) is key

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Yes I was

Do they provide templates or do they just expect you to develop on a blank workbook

That is hard. So like for a cash flow statement you just need to know what the line items are and where they fall? Sounds bad

Yes. That’s part of the reason I bombed mine last month. You also have to project out each line item of nwc, they don’t give you nwc by year upfront. That’s not hard, it just sucks much needed time

Is it a real company or is it a fake company with a closed universe of data

Yes you are. Most typically no template.

If this frightens you, you need more practice.

I was given 90 minutes to complete a full 3 statement LBO model. However, a basic template was provided which saved quite a bit of time. Would imagine populating a full 3 statement with PF BS from scratch would be pretty difficult in 90 min

Completely agree. Have to prepare assuming no template would be provided

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Hi guys :) Glad to join fishbowl and this community. Guys I have an offer of 14.41 ctc from a big 4 (11 is fixed).
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You got it boss!

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