Module VI· Modeling-Test Interview PrepBasic
Question
What is a typical LBO modeling test in a bulge-bracket superday?
Answer
A typical test gives transaction assumptions, historical financials, forecast drivers, entry multiple, debt terms, and exit assumptions. You build sources and uses, operating forecast, debt schedule, cash sweep, exit value, and sponsor returns. Time can range from 30 minutes to several hours. The goal is clean structure, correct mechanics, and sensible outputs.