IB banking interview, financial test???

Hi, Asking for a friend who will have an interview next week with one of the largest investment banks in the country (Asia).

They invited him for an interview and mentioned “there will be an interview and he should come prepared for a financial test”. I have never encountered this before so we are clueless what this “test” can be. Does anybody here have seen this before and can you explain what such a test is, what to expect, and how to prepare for it? (he passed CFA level I in June so he should know the basics already).

Further details: it is an interview for an early-career position (right out of MBA) but there are no specifics of the position given yet (open application).

asia is a country?

It is in an Asian country. I mention this because I did interviews in Europe before and never came across something like this so maybe its specific for the region.

Thanks for your reply anyways frown

IMO it’s a case study where you have to value a company or something similar ?