Finance interview guides

The four test formats funds actually use — from the 15-minute paper LBO to the 3-hour full model — and what graders check in each.

The benchmark ranges by asset class, the MOIC→IRR translation table, and the IRR traps interviewers love to probe.

Walk from entry equity to IRR by hand, with the MOIC→IRR shortcuts interviewers expect.

Compute new shares, pro-forma EPS, and % accretion — plus the P/E shortcut that answers it in seconds.

Value a business from a single Gordon-growth perpetuity and see why r and g swing the answer so hard.

Split an LBO's equity gain into EBITDA growth, multiple expansion, and debt paydown — the buckets always tie.

Apply a peer multiple to EBITDA, cross the net-debt bridge to equity value, and land on an implied share price.

The iconic 'depreciation goes up $10' question — trace it through all three statements and prove they tie.

The fuller LBO build interviewers watch — capitalized fees, a balanced sources & uses, and the equity plug.

A fuller M&A build — a cash/stock/debt mix and after-tax interest, all the way to pro-forma EPS accretion.

Build from revenue drivers down to net income, then to cash flow and the change in cash.