What should i expect an one hour modeling exam for a lateral IB analyst position to look like?

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Depends on the role - M&A I would assume P&L build plus accretion / dilution, lev fin would be an LBO, generalist - DCF and easy LBO

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Yup. If not, throw in 10% and some sensitivities.

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What would easy LBO consist of? It's a generalist role at a regional boutique. Would full PPA and DTA/DTL be included? Or just income statement and CF?

No, definitely not. It would be sources / uses, simple P&L, cash flow, and one debt tranche with 100% cash sweep. No PPA and DTA (although never hurts to build in and just do no PPE allocation since it takes under 2 minutes)

And for the DCF the WACC calculations and comps would be a given right?

For a regional boutique they will not give you M&A accretion / dilution, because you won’t be working with public companies. You probably won’t get an LBO either. You will likely build and forecast a three statement model, with a depreciation schedule, then build a DCF with assumptions they give you for CAPM and WACC

Damn really? I'd rather do the simple LBO described above tbh. That seems like a lot for one hour...

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