QuestionnaireGeneral information

1 Name

2 Recruitment consultancy

3

4 Degree, grade & University

5 Notice period (if applicable)

Relevant experiencePlease note that modelling experience is not a pre-requisite for this role.

6

7 Briefly outline any modelling experience you have, financial or otherwise

A levels and grades(If you did not do A Levels please state what equivalent exams you took)

Briefly outline your relevant technical experience to date, e.g. MS Excel, SQL, VBA, other programming languages etc

Antonis Iaponas

Queen Mary University Of London

MS Excel, SQL, Word, VBA, Matlab, Maple, C++ (basic)

Modelling Test - Instructions

Objective

Outputs

Car assumptions

Train assumptions

Other assumptions

Question 1

Answer 1

Question 2

Answer 2

Question 3

Answer 3

Notes

Good Luck!

Modelling Test - Instructions

ObjectiveYou are starting a new job on 1 May 2013 and have the option of travelling to work by car or by train.

A six year quarterly timeline is provided for you on the next worksheet (please do not amend the timeline).

OutputsYou should create a graph showing the cumulative cost of the two different ways of getting to work.Answer the three questions below providing your answers in the grey shaded cells.

Car assumptionsA car costs £6,000 and must be paid for in one lump sum in the same quarter as the new job starts.Annual fixed costs of £500 will be incurred.Variable costs of £0.11 per mile will be incurred.The distance to work is 20 miles.

Train assumptionsA quarterly train ticket costs £900.An annual train ticket costs £3,000.Annual tickets can only be purchased in the first quarter of a calendar year and must be paid for in one lump sum.

Other assumptionsInflation and the time value of money should be excluded from your analysis.Assume that the job continues indefinitely.

Question 1

Answer 1

Question 2

Answer 2

Question 3

Answer 3

NotesWe recommend you spend no more than 1 hour on the test.When you have completed the test please email it to your recruitment contact.

Good Luck!

The objective of this test is to calculate the cumulative cash cost of the two different ways of getting to work over a six year quarterly timeline using the assumptions below.

Which is the first quarter in which the cumulative cost of travelling by car becomes cheaper than the cumulative cost of travelling by train?

If the variable costs of driving the car were £0.17 per mile, then which is the first quarter in which the cumulative cost of travelling by car becomes cheaper than the cumulative cost of travelling by train?

If you were asked to prepare a more detailed analysis of this problem, what other factors might you take into account in your calculations? (Note that you are not required to prepare any further analysis.)

period Q1: 2013 Q2: 2013start date 1-Jan-13 1-Apr-13

end date 31-Mar-13 30-Jun-13

period number 1 2

quarter number 1 2

Modelling Test - Template

Inputs £0.00 £6,286.00

Timing inputs units inputs

Model start date date 1-Jan-13Months in a quarter # 3Quarters in a year # 4

do not amend these inputs

Cost of fuel 0.11

Calculations £0 £900

6504.4Tota 6068.2 6134.2

Q3: 2013 Q4: 2013 Q1: 2014 Q2: 2014 Q3: 2014 Q4: 2014 Q1: 20151-Jul-13 1-Oct-13 1-Jan-14 1-Apr-14 1-Jul-14 1-Oct-14 1-Jan-15

30-Sep-13 31-Dec-13 31-Mar-14 30-Jun-14 30-Sep-14 31-Dec-14 31-Mar-15

3 4 5 6 7 8 9

3 4 1 2 3 4 1

£6,576.40 £7,366.80 £7,648.40 £7,934.40 £8,224.80 £9,015.20 £9,296.80

£1,800 £2,700 £5,700 £5,700 £5,700 £5,700 £8,700

6200.2 6768.4 6836.6 6902.6 6968.6 7536.8 7605

Q1: 2013

Q3: 2013

Q1: 2014

Q3: 2014

Q1: 2015

Q3: 2015

Q1: 2016

Q3: 2016

Q1: 2017

Q3: 2017

Q1: 2018

Q3: 2018

£0.00£2,000.00£4,000.00£6,000.00£8,000.00

£10,000.00£12,000.00£14,000.00£16,000.00£18,000.00£20,000.00

CarTraincar 2

Q2: 2015 Q3: 2015 Q4: 2015 Q1: 2016 Q2: 2016 Q3: 2016 Q4: 20161-Apr-15 1-Jul-15 1-Oct-15 1-Jan-16 1-Apr-16 1-Jul-16 1-Oct-16

30-Jun-15 30-Sep-15 31-Dec-15 31-Mar-16 30-Jun-16 30-Sep-16 31-Dec-16

10 11 12 13 14 15 16

2 3 4 1 2 3 4

£9,582.80 £9,873.20 £10,663.60 £10,949.60 £11,235.60 £11,526.00 £12,312.00

£8,700 £8,700 £8,700 £11,700 £11,700 £11,700 £11,700

7671 7737 8305.2 8373.4 8439.4 8505.4 9073.6

Q1: 2013

Q3: 2013

Q1: 2014

Q3: 2014

Q1: 2015

Q3: 2015

Q1: 2016

Q3: 2016

Q1: 2017

Q3: 2017

Q1: 2018

Q3: 2018

£0.00£2,000.00£4,000.00£6,000.00£8,000.00

£10,000.00£12,000.00£14,000.00£16,000.00£18,000.00£20,000.00

CarTraincar 2

Q1: 2017 Q2: 2017 Q3: 2017 Q4: 2017 Q1: 2018 Q2: 2018 Q3: 20181-Jan-17 1-Apr-17 1-Jul-17 1-Oct-17 1-Jan-18 1-Apr-18 1-Jul-18

31-Mar-17 30-Jun-17 30-Sep-17 31-Dec-17 31-Mar-18 30-Jun-18 30-Sep-18

17 18 19 20 21 22 23

1 2 3 4 1 2 3

£12,598.00 £12,884.00 £13,170.00 £13,956.00 £14,242.00 £14,528.00 £14,814.00

£14,700 £14,700 £14,700 £14,700 £17,700 £17,700 £17,700

9141.8 9207.8 9273.8 9842 9910.2 9976.2 10042.2

Q4: 20181-Oct-18

31-Dec-18

24

4

£15,604.40

£17,700

10110.4