Accurate modeling of slotting and magnetic saturation effects has been two main challenges for analytical modeling of electric machines. In this article, first, different techniques such as sub-domain (S-D) model, winding function theory, magnetic equivalent circuit (MEC) model, and conformal mapping (CM) method are introduced to analytical model and analysis of electric machines. These techniques are also compared in terms of their accuracy, and computational complexity. Second, with respect to the comparison results, a new hybrid analytical model is presented for electromagnetic modeling of wound rotor induction motors, which consider the modeling accuracy of slotting and magnetic saturation effect, simultaneously. In this way, the air-gap region is modeled by using S-D model, and the iron parts are considered by using MEC model assisted by CMs. In final, the analytical results are verified by comparing with corresponding results obtained through finite element method and experiment set-up.