350 minutes of timed reps against the clock — ten fresh scenarios, each with a worked solution and a diagnosis of exactly where candidates lose points.
What’s inside
| Drill | Time |
|---|---|
| Drill 1 — The Classic | 30 min |
| Drill 2 — Multiple Contraction | 30 min |
| Drill 3 — Fast Grower, Short Hold | 20 min |
| Drill 4 — Dividend Recap | 45 min |
| Drill 5 — The Deleverager | 30 min |
| Drill 6 — PIK Toggle | 45 min |
| Drill 7 — The Add-On | 30 min |
| Drill 8 — The Rollover | 35 min |
| Drill 9 — The Seller Note | 40 min |
| Drill 10 — The Cash Drain | 45 min |
| Total timed reps | 350 minutes |
- 10 timed paper LBO drills (20–45 minutes each) — 350 minutes of timed reps, one polished page per drill with time checkpoints and workspace
- A 21-page diagnostic answer key: worked Year 1 for every drill, full five-year schedules, wrong-answer diagnosis tables, “where candidates lose points,” and sanity checks
- A dividend-recap drill with a step-by-step true IRR vs. naive IRR explainer
- A PIK-note drill with the three rules of PIK mechanics that interviewers test and candidates flub
- Interviewer notes on every drill: what it’s really testing
Format & delivery
| Format | PDF — 11-page drill sheets + 21-page answer key (ZIP) |
| Time | 350 minutes of timed reps (20–45 minutes per drill) |
| Delivery | Instant download via Gumroad |
| Use it | Print it or work on screen |
| Keep it | Yours to keep |
Digital download only — no physical shipment, no printed copy. The file is delivered instantly through Gumroad right after checkout.
Wrong file or a defective download? Email us for a full refund. Questions, corrections, or a file that won’t open — hello@analystdrills.com. We read everything.
Who this is for
You’re an IB analyst, MBA student, or lateral candidate who can already build a basic LBO and wants timed reps in the exact format PE firms use.
You want to know why you were wrong — the diagnostic key matches your wrong answer to the step that broke.
Who this is NOT for
You haven’t learned LBO basics yet. Start with the free drill (or the book’s Getting In guide) — then come back for volume.
You want Excel modeling reps. Those are the Excel Modeling Tests.
Get all three packs — $26.55, save $8.10 vs $34.65 separately. Get the bundle →
Frequently asked questions
How long is each drill?
20–45 minutes each — 350 minutes across all ten. Work them in order, against the clock, with no pausing and no peeking at the key.
What if I can’t finish a drill in time?
That’s the point. The diagnostic key shows where your time went and which step broke — re-work the drill the next day until the chain is automatic.
Are these the same drills as in the book?
No. The book has 8 new drills written for the book. These 10 are separate scenarios — the pack is the volume beyond the book.
Do I need Excel?
No. Paper LBOs are pen-and-paper by design — the interview runs them that way, and so does this pack.
What if the download is defective or won’t open?
Email hello@analystdrills.com for a full refund — see the refund note below.
Timed Paper-LBO Drills
350 minutes of timed reps against the clock — ten fresh scenarios, each with a worked solution and a diagnosis of exactly where candidates lose points.
$13.05 Try the free drill first →