Practice
4 corrected modelling exercises under real interview conditions
Financial modelling exercises are often the hurdle that eliminates strong profiles in TS interviews. This module provides 4 corrected exercises — simplified LBO, QoE bridge, net debt, working capital — built to reproduce exactly the deliverables tested in real TS interviews.
Rated 4.9 / 5 · 500+ reviews
Julien N.· 4mo ago
Landed the job at EY Transaction Services
The case studies are clear, realistic, and built real confidence. I genuinely feel the training played a key role in helping me land the job.
Our candidates are hired at
LBO, QoE, NWC: these models are tested live — no safety net, no pre-built Excel
Some M&A boutiques and PE funds require live modelling during the interview: build a normalised NWC analysis or a net debt reconciliation table from raw data. Without having practised these exercises under real conditions, failure is almost certain.
Key figure
4/5candidates who have never practised live modelling exercises freeze in the first 10 minutes of an Excel test during an M&A boutique interview.
4 corrected modelling exercises under real interview conditions
Progression from guided exercise to blank sheet
The first two exercises are guided step by step with pre-filled cells and methodological guidance — ideal for understanding the structure before applying it…
Targeted feedback on the most penalising Excel errors
The corrections highlight the Excel structure errors that eliminate technically competent candidates in interview tests: hard-coded links between unsourced…
Measurable outcomes
500+ candidates prepared, 100% in internship or full-time role. Transaction Services Training is a proven method.
Our team is made up of former Transaction Services analysts and managers, including Big 4 recruiters. They share directly what is evaluated in the interview — because they have been on the other side of the table.
Why Transaction Services Training and not another programme?
 ✦ Recommended |  |  |  | |
|---|---|---|---|---|
| 100% specialised in Transaction Services | Only one | |||
| Full case studies with detailed corrections | 8+ | 1–2 | 1–2 | |
| EBITDA / Net Debt / NWC adjustments documented | 150+ | A few | Rare | |
| Reusable TS Excel models | 4+ | Limited | ||
| Mock interview with Big 4 recruiter | Included | |||
| Team responsive within the hour | Included | Limited | ||
| Updated monthly | Yes | Occasional | ||
| One-time price, no subscription | Yes | Subscription | Subscription | Subscription |
Comparison based on publicly available offers as of 2025. Data subject to change.
Frequently asked questions
Which Excel modelling exercises are tested in Transaction Services interviews?
How do you pass a live Excel test in a Transaction Services interview?
The key is prior practice under time pressure. Transaction Services Training modelling exercises replicate real conditions — raw data, timer, no visible solution. The exact format of expected deliverables is taught so that structure becomes instinctive on the day.Do you need to know VBA or macros for TS modelling exercises?
No. TS interview modelling exercises do not require any macros. Formulas used are SUMIF, INDEX/MATCH, VLOOKUP and some conditional formulas. The challenge is execution speed and structural rigour — not technical sophistication.Do Transaction Services Training modelling exercises match the level expected at M&A boutiques?
Yes. Transaction Services Training exercises are calibrated to the level required at M&A boutiques and Big 4 firms for a junior profile. Difficulty is progressive — from guided exercises to real-conditions cases — to build the fluency and execution speed expected.What Excel level is needed before tackling Transaction Services modelling exercises?
An intermediate level is sufficient. Transaction Services Training exercises use standard functions — SUMIF, INDEX/MATCH, pivot tables — with no macros or VBA. The value is in structural logic and execution speed, not formula sophistication. The training explains every step.How long does a Transaction Services Excel modelling exercise take in real conditions?
Transaction Services Training exercises are calibrated to 30 to 90 minutes depending on complexity level — matching the time allocated in a real live test interview. Regular practice builds the speed needed to complete a full EBITDA bridge under pressure.Why does Transaction Services Training modelling prepare you better for interviews than practising Excel alone?
Self-practice produces models without a professional reference. Transaction Services Training exercises teach the exact expected format — tab structure, comment level, formatting — and provide corrections that identify presentation errors, not just calculation errors.
The next TS offer is yours.
500+ candidates prepared their interviews with this programme. Those who landed the role have one thing in common: they worked the cases before walking into the room.
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